With the gold and silver markets rallying, King World News is pleased to report that the all-time record silver short covering spree continues! Commercials also continued to cover gold shorts!
With almost everything heading higher today, outside of the dollar which is breaking to new short-term lows, there is something very different today vs 45 years ago.
With the recent volatility in the stock markets, it appears that mom and pop are worried about stocks.
For those who are worried about the action in the gold and silver markets, today King World News interviewed an insider in the industry and what he had to say will greatly help investors in the space.
With everyone concerned about the recent action in global stock markets, they should be worried because all 5 major central banks are going to turn off liquidity, which has fueled stocks and other reckless speculation.
On the heels of the stock market decline and rally in gold, here is an important look at gold, stocks and the U.S. dollar.
Legendary Short Seller Warns Stock Markets Will Accelerate To The Downside, But Gold Will See Buying
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.