The bullion banks are becoming increasingly concerned about their short positions as the price of gold closed very close to a major upside breakout above $2,000 and the price of silver continues to surge toward the $25 level.
Posts From King World News
With the price of gold closing the week above $2,000 and silver surging to $24.40, next week may be a huge surprise for gold and silver investors!
Top Citi analyst from Citi says gold is on the cusp of a major breakout that will send the price to an all-time high.
Despite the extreme bearish sentiment and historic capitulation in the mining space, it is finally time for gold, silver, and mining stocks to be unleashed to new all-time highs.
The world is in danger of a super spike in the price of oil that would create even more inflation. This would of course be extremely bullish for the gold and silver markets.
Look at who is remaining bullish on gold, silver and commodities as 80% of US households are now in worse shape than they were pre-COVID.
If everything is okay with the economy, why is the price of gold surging $22 and back above $2,000, and this indicator collapsing near on the lowest level seen since the 1990s?
Look at what just happened in this country that is hyperinflating.
Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, communicated to King World News that the price of silver is about to explode to $50.
Investors around the world need to buckle up because the Federal Reserve is preparing to unleash QE to infinity.