Michael Pento: Today The Fed Unofficially Announced QE4 - On KWN

“The mainstream media has it all wrong once again.  I noticed that gold and energy, commodities in general, turned around right after Charles Evans, who is the Chicago Fed President, spoke (earlier today).  The media pretty much ignored it.”

Michael Pento continues:

“They (mainstream media) are crediting this huge rally that we’ve seen today in energy, commodities, and even in the nominal averages, because of a strong ISM Manufacturing Index that came out.  It has nothing to do with the fundamental weakness or strength in the global economy. 

It has everything to do with the fact that the Fed doubled down on QE3 this morning and unofficially announced QE4.... King World News Audio Interview