Today
King World News interviewed one of the wealthiest and most street-smart
pros in the business, Rick Rule. Rule, told KWN there is a “mismatch of
some amount of money in the $100 billion range between credit default
swaps.” He also said this is similar to what “brought down Long Term
Capital Management (LTCM).” Rule, who is now part of Sprott Asset
Management, also discussed gold and the mining shares, but first, here
is what he had to say about what is taking place: “Well, I think
that frames a big issue. We’ve been asking our clients to consider the
macro question, if the institutional risk-off trade is to the US dollar
and US Treasuries, that suggests the institutional investors believe
that this rally and recovery in the United States is real. That’s big
news if it’s true.”
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