With investors around the globe worried about the recent plunge in stocks, it appears a crisis is now unfolding.

Crisis Is Now Unfolding
October 18 (King World News
) – Here is a portion of what Peter Boockvar wrote today as the world awaits the next round of monetary madness:  
In case you weren’t watching, Italian bond yields breaking out to new multi year highs

Keith Neumeyer spoke with KWN about $8,000 & $10,000 price targets for gold and much more, to listen immediately CLICK HERE OR ON THE IMAGE BELOW.

Boockvar continues:  The 10 yr yield is up by 13 bps to 3.68%, the highest since mid February 2014 (see chart below).

Trouble Brewing In Italy As Yields Soar

The spread to the German 10 yr is the highest since 2013 (see chart below).

Italian/German 10 Year Yield Spread Spiking

The MIB stock index is lower by more than 1% and the Euro STOXX bank index is falling by 1.6% and sits at a fresh 2 year low (see chart below).

Meanwhile, European Bank Index Continues To Plunge

King World News note:  One of the most important notes regarding the gold market was the fact that the yuan/gold relationship has come undone, at least for the time being.  KWN will keep a close eye on this situation.

BONUS INTERVIEW: The Gold & Silver Markets
KWN has just released a remarkable audio interview with one of the greats in the business, Adrian Day, Founder of Adrian Day Asset Management, discussing the gold and silver markets and much more and you can listen to it immediately by CLICKING HERE OR ON THE IMAGE BELOW.

ALSO JUST RELEASED: Celente – The Recent Stock Market Carnage Is Only The Beginning CLICK HERE TO READ.

***KWN has now released the powerful audio interview with John Mauldin and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

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