So Bernanke had to play to the audience and give a farewell present in the form of some nominal tapering. Well that certainly will be reversed in 2014.
In this KWN interview I also discuss the credit explosion in China and the major pressures in the Chinese banking system as well as the continuing crisis in Europe and poor US economic figures.
Finally I talk about gold being out of sync with the massive money printing in the US and that at $1,187 we are now seeing the gold bottom before the bull market resumes in 2014.
Egon von Greyerz