On the heels of today’s comments from the Fed’s Charles Evans, the man who has been astoundingly accurate regarding moves by the central planners told King World News that concerns about the Fed exiting QE this year are preposterous. He also stated that gold and gold mining shares are going to see a huge massive to the upside going forward. Here is what Michael Pento, founder of Pento Portfolio Strategies, had to say in this extraordinary exclusive interview: “I’ve been seeing lately that people are so worried about the Fed’s exit strategy. Every time we have a little bit better economic news that comes out, even if it’s not better economic news, but the prospect of better economic news, people are so worried about the Federal Reserve changing their policy.”
Michael Pento continues:
“The gold market seems to be so nervous, and I don’t understand it at all. You had Charles Evans out today saying, ‘Fed policy is working great. We need to load up on carbs for the marathon run that we’re going to do as far as our monetary policy is concerned.’
He’s looking for a Non-Farm Payrolls Report that produces 200,000 jobs every month for 6 months in a row before he even begins to think about, not raising interest raising rates, but (just) lowering the amount of quantitative easing….