We Are Still Facing Major Economic Problems
As we kick off another trading week, we are still facing major economic problems regardless of how the stock market trades.
As we kick off another trading week, we are still facing major economic problems regardless of how the stock market trades.
The world is openly and objectively tilting toward disaster.
Today one of the top money managers in the world warned JP Morgan’s gold derivative short position may be larger than all the bank’s assets. He then pondered the ramifications for JP Morgan if the price of gold shoots up $1,000. Take a trip down the rabbit hole of what Leeb called the “open secret” in the gold market.
Gold breakouts are everywhere as bank crisis now set to accelerate. Meanwhile don’t even ask what is happening with available physical gold and silver which is being swept off the market.
Here is a look at gold, the Great Credit Unwind and Fed Pivot, plus a look at silver.
This week the price of gold broke above $2,000 once again as the banking crisis continues and the Dow trades near its recent low.
Billionaire Pierre Lassonde warned King World News “it’s not going to be pretty this Fall.” Lassonde is arguably the greatest company builder in the history of the mining sector. He is past President of Newmont Mining, former Chairman of the World Gold Council and former Chairman of Franco Nevada. Lassonde is one of the wealthiest, most respected individuals in the gold world, and as always King World News would like
Here is a chartapalooza that puts the big picture in perspective for silver. The potential upside is massive.
Here is a chartapalooza that puts the big picture in perspective following the bank runs and subsequent bailouts.
This is a fascinating look at what is happening with high income individuals who are choosing to rent instead of buying.