Yra Harris predicts Gold will Close Higher at Year End

Yra Harris is called a “trader’s trader.” He says the latest deal on Greek debt is just

“pretend and extend. . . . “

The real problem is Spain because they’re big, they’re in debt and they have 27% unemployment.” Everyone in the Western world is dealing with the sovereign debt mess by printing money and suppressing interest rates.

 

Harris predicts:

“As long as real yields are negative, of course, gold is going to go up.”

Harris is afraid inflation could get out of control and says:

“It’s like being a little pregnant, you can’t really control it. Nothing destroys democracy like inflation–end of story.”

If Democrats and Republicans can’t reach a deal to avoid the so-called “fiscal cliff,” then Harris contends,

“Deflation . . . is bullish for gold because everybody knows what the central bank will do to answer the call . . . the Fed will become that much more aggressive.”

No matter what, Harris is betting that

“gold will be higher by the end of the year.”

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Weird Blip in Todays Gold and Silver Charts after Market Close

Check out these charts form just after the close of todays trading.

First todays Gold chart – drops and recovers 40 USD in an instant:

Gold is being manipulated?

Blip on Gold Chart from 2012-11-26

And now check-out the Silver chart:

Blip on Silver chart for 2012-11-26

Blip on Silver chart for 2012-11-26

Kind of funny that they happen at exactly the same time? The USDX (US Dollar index) shot-up and then recovered, in a mirror of the metals movement.

Manipulation? Foul-play? Hmmmm……