On the heels of the price of gold futures trading at a new all-time closing high of $2,511, could the price of silver really hit $370? Plus look at this short squeeze…

Shorts Squeezed
August 12 (King World News) – Peter Boockvar:  This is just one measure to see how the yen short position unwound, from the CFTC for the week ended Tuesday. Net shorts fell by about half to 77.5k contracts on the week but had been falling in the 3 weeks prior as traders approached the late July BoJ meeting and lightened up a bit on the possibility of a rate hike and QE cut. You can see that shorts a few weeks ago got to the highest level since 2007.

Fed Governor Michelle Bowman remains the staunch hawk on the committee. She said Saturday “The progress in lowering inflation during May and June is a welcome development, but inflation is still uncomfortably above the committee’s 2% goal. I will remain cautious in my approach to considering adjustments to the current stance of policy.”

Maybe she believes the CPI is a better gauge of inflation than PCE where CPI is expected to come in on Wednesday up 3% y/o/y and with a core rate of 3.2% vs the PCE that has a 2 handle for reasons stated many times here…

This silver explorer recently did a huge transaction with a $4.5 billion market cap producer CLICK HERE OR ON THE IMAGE BELOW TO LEARN MORE.

Silver
Graddhy out of Sweden:  The next monetary system will come from the BRICS+/East/South. And what does the East have a much longer relationship with than the West does? And what does East really like more than the West? Yes, SILVER

First red marked bull move started right after Nixon ended the gold standard back in 1971. Second bull move was the bull market of the 2000s. Third and final bull move has started, and it will kill the present monetary system. So this is your last chance to leverage this precious metals bull market.

SILVER PRICE TARGET = $370:
3rd And Final Silver Bull Market Will Be One For The History Books!

And do realize that your future life actually do depend upon making the most out of this last precious metals bull market. Also, this conclusion gives that it is absolutely vital to get the best guidance.

This is a once-in-a-lifetime opportunity that has to be taken advantage of. Silver is already on its way. Do NOT miss it.

JUST RELEASED!
To listen to James Turk discuss the wild trading he expects to see in gold, silver, the mining stocks, the stock market and much more CLICK HERE OR ON THE IMAGE BELOW.

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