The stock market will continue down against gold, the currencies will collapse at a faster rate against gold, and gold will continue its long-term trend (higher) that we have seen over the last 12 years

Egon von Greyerz:
“We’re seeing every week, one domino after the next that is falling. So far they are only smaller dominos such as banks, smaller countries, etc.. No (major) country has fallen, but that will come. Every single economic figure is looking worse. World trade is declining — Chinese exports of steel were down 14% last month, US exports to the eurozone were down 5% last month and that is likely to increase to minus 20% if not more.
The decline of world trade means the start of a depression….

 more:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/9_Greyerz_-_Worldwide_Package_Coming_From_Fed,_ECB_%26_IMF.html