FED WILL OVERSHOOT & CAUSE MASSIVE INFLATION | Market Trader Gregory Mannarino

The Fed minutes this week showed that Fed officials want inflation higher. Market trader Gregory Mannarino warns the Fed should be careful what they wish for…

Thursday was the second worst day on Wall Street this year. Despite the recent drop in the stock market, he sees the stock market will continue higher because of dovish language coming from Fed Chair Janet Yellen.

The Fed minutes this week showed that Fed officials want inflation higher. Mannarino warns the Fed should be careful what they wish for. He believes the Fed will overshoot their target, and create massive inflation.

As for precious metal markets, Mannarino says gold and silver prices are so manipulated that their price action “has no bearing on reality.” He says the cryptocurrencies may actually be the only free markets left.