Here is a fantastic look at gold, oil and the US mega bubble.
“Brother, can you spare a dime?”
June 4 (King World News) – Peter Schiff: Challenger reported U.S.-based employers announced 97,006 job cuts in May, the highest May total since the 2020 pandemic, up 16% from the 83,387 job cuts recorded in April. Laid-off workers will have a hard time finding new jobs just as inflation sends the cost of living soaring.
Gold
Otavio Costa: Gold is sitting right at its 200-day moving average.
Yes, the last time we were here turned out to be a great buying opportunity…. but I try not to get too fixated on technical levels alone.
What stands out to me is how dramatically sentiment has shifted.
Just a few months ago, gold was one of the market’s favorite trades.
Today, it feels almost completely forgotten.
Not to steal from Buffett, but I’m starting to get greedy while others are becoming fearful…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
US Stocks Have Outperformed International Stocks For Way Too Long
Charlie Bilello: On a rolling 5-year basis, US stocks have outperformed International stocks for more than 15 years.
This is the longest run of US outperformance in history.
KING WORLD NEWS NOTE: Emerging Market Stocks Are Going To Have A Massive, Violent Bull Market (See RED Areas)
Dot-Com Bubble 2.0 Is About To Pop
Charlie Bilello: The Ratio of the Defensive Consumer Staples ETF to the S&P 500 ETF has moved down to its lowest level on record, below where it stood at the dot-com bubble peak in March 2000.
KING WORLD NEWS NOTE: Dot-Com Bubble 2.0 (AI) Is Worse Than Dot-Com Bubble 1.0. Take A Look…
This Is Without A Doubt The Largest Oil Market Disruption Ever Witnessed
Ole Hansen, Head of Commodity Strategy at SaxoBank: I just had a very valid and good question from a colleague asking: Tell me do you think that we can say that we are in the middle of an oil crisis?
On paper, this is without a doubt the largest oil market disruption ever witnessed. The effective loss of flows through the Strait of Hormuz has impacted a volume of crude oil, refined products and LNG that far exceeds previous supply shocks. Yet it does not feel like the biggest crisis. Aircraft are still flying, trucks are still moving, and natural gas continues to reach end-users without widespread rationing.
The reason is the exceptional response from several key players that has helped absorb much of the shock. A surge in US crude and fuel exports, a sharp slump in Chinese imports, coordinated releases from strategic petroleum reserves, increased pipeline exports bypassing Hormuz, and a degree of demand destruction triggered by higher prices have collectively prevented a major physical shortage from developing.
In other words, the market is experiencing the biggest disruption, but not yet the biggest crisis. The gap between the two has so far been bridged by emergency supply measures, inventory drawdowns and weaker demand. The real test will be how long these buffers can continue to offset a disruption that remains unresolved.
China Paying Massive Premiums For Silver
To listen to James Turk discuss China paying massive premiums for physical silver as well as what surprises are happening in the gold and mining share markets CLICK HERE OR ON THE IMAGE BELOW.
JUST RELEASED!
To listen to Alasdair Macleod discuss the collapsing Open Interest and gold and silver being drained out of COMEX vaults CLICK HERE OR ON THE IMAGE BELOW.
ALSO RELEASED!
The US Stock Market Is Set For A Historic Crash CLICK HERE.
This Will Be Terrifying For The Public If It Unfolds CLICK HERE.
BUCKLE UP: This Sector Is About To Skyrocket CLICK HERE.
The Price Of Gold Is Coiled To Surge Above $6,000 CLICK HERE.
2026 Has Unleashed Screaming Alarm Signals, But Gold Will Resume Its Historic Surge CLICK HERE.
Crude Oil Headed To $150-$160, Plus A Look At Silver As 90+ Day Delinquencies Skyrocket CLICK HERE.
China Paying $10-$12 More For Silver Than What Is Being Quoted On COMEX CLICK HERE.
Gold & Silver Are Being Drained Out Of COMEX Vaults CLICK HERE.
Gold & Silver Open Interest Collapses To Lowest Level In 13 Years! CLICK HERE.
Gold, Miners And Commodities Poised To Radically Outperform CLICK HERE.
The Great Unwind, Gold, Silver And Mining Stocks CLICK HERE.
The Truth About Gold And The Coming Stock Market Crash CLICK HERE.
Everyone Needs To Read This And Be Prepared For What Lies Ahead CLICK HERE.
Look At Who Is Long Gold, Silver, Miners, Oil Fertilizer & Uranium Stocks CLICK HERE.
Huge Gold & Silver Catalysts, Plus Look At What Just Collapsed Below 2008-2009 Lows! CLICK HERE.
Celente Says This Is One Of The Greatest Dangers Facing The World Today CLICK HERE.
COLLAPSE WARNING: This Is The Scariest Chart Of 2026 CLICK HERE.
COMEX Gold & Silver Inventories Are Collapsing! CLICK HERE.
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