On the heels of the dollar weakening and gold rallying above the $1,200 level, this is about to trigger a major short squeeze in the gold and silver markets.
With oil surging along with stocks and the dollar falling, today today the top trends forecaster in the world warned this catalyst is about to unleash global economic turmoil. There is also a note on silver.
Multi-Billionaire Hugo Salinas Price – I’ve Seen Many Terrible Financial Collapses In My 86 Years But What Is Coming Will Be Very Nasty
As trading continues during Fed week, today Multi-billionaire Hugo Salinas Price warned he’s seen many terrible financial collapses in his 86 years but what is coming will be very nasty.
Commercials Probably Increased Long Gold & All-Time Record Silver Positions As Miners See Turnaround Tuesday
After today’s initial plunge and subsequent rally in the metals, commercials probably increased gold and silver long positions as the mining stocks saw a turnaround Tuesday.
As we await the Fed decision this week, what is happening around the globe is stunning as records are being broken.
Trouble is brewing underneath the stock market as last week saw the 3rd largest cluster of Hindenburg and Titanic warnings since 2009.
Today a legend in the business helps us kickoff the trading week.
As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies, told King World News that the consequences of what is about to happen will be horrific for the world.
Bullion banks are now long the gold market for the first time in 17 years! They also massively increased their long (for the first time in history) silver positions as they continuing tightening the noose around hedge funds and speculators that are massively short the gold and silver markets. Now they are preparing to unleash a historic short squeeze.
Today Bill Fleckenstein discussed a huge story unfolding in the gold sector this week.