Legendary trader
Yra Harris says, “The currency wars are real, and the game
is on.” Harris says the global currency war is what helped
Volkswagen gain market share in the last few years. So, what is
Japan doing? It is cutting the value of its currency so Toyota will
gain market share. The currency war is also what’s been driving
gold higher. Harris says, “Is gold in a bull market? Absolutely.
Is gold a tired bull for the moment? Absolutely. . . . I think you’d
be crazy to sell because there are so many variables of uncertainty.”
Harris goes on to predict, “What do I think is the most explosive
event for gold? It is the day Draghi (President of the ECB) can
no longer jawbone quantitative easing. He actually has to step up
to the plate.” Harris is counting on the Fed to continue to
pump out dollars. He says, “I can go to sleep at night and
know one thing–the Fed will not allow deflation.” The
reason is simple, according to Harris, “We live on debt in
this society. Debt based societies cannot absorb a deflationary
spiral.” Join Greg Hunter as he goes One-on-One with analyst
and trader Yra
Harris.
