With the Dow plunging 372, the Nasdaq tumbling 157 or 2.56%, the US Dollar Index breaking well below the psychologically important 98 level, and gold surging more than $20, today a legendary short seller warned the stock markets will accelerate to the downside, but gold will see buying.
With the price of gold rising more than $20, today James Turk told King World News that we may now be in the early stages of a massive short squeeze in the gold market.
With the dollar decline taking center stage today as gold and silver rallied, it appears the buck is rapidly losing its appeal.
With the U.S. Dollar Index tumbling to 98, here is what is pushing the gold and silver markets higher today.
In case anyone was wondering what the Chinese government is thinking, they are about to unleash a new global monetary system.
Today James Turk told King World News that the gold and silver shorts took a big gamble and might lose their ass.
With the Dow rallying along with crude oil, gold and silver, today John Embry spoke with King World News about the gold and silver markets and also warned that cracks are showing everywhere in the global financial system.
As we get ready to kickoff the second week of trading in May, today the man who has become legendary for his predictions on QE, historic moves in currencies, spoke with King World News about when all hell is going to break loose, plus a rare behind the scenes look at the gold market.
Legend Warns – Here Is What Is Really Terrifying About This Mania
With the gold and silver markets rallying, King World News is pleased to report that the commercials have covered an all-time record number of short positions in the past 2 weeks! Commercials also continued to cover gold shorts!