Look At What Is Fueling The Rally As Gold & Silver Remain On A Tear
Look at what is fueling the rally as the gold and silver markets remain on a tear.
Look at what is fueling the rally as the gold and silver markets remain on a tear.
Trading on the Japanese TOCOM has kicked off with a bang so far in early trading as the price of silver has spiked another 6%, nearing the $23 level.
The last time the silver price did this was 10 years ago!
Today Alasdair Macleod spoke with King World News about the real reason why silver is up over 6% today, plus gold sees massive breakout.
With the price of silver surging $1.22, now trading above $21 and gold breaking out, gold will now test the all-time high, new silver target, and mining stocks – you haven’t seen anything yet.
Demand for gold is massively outstripping futures buying, plus reminiscences of 2000 and 2008.
On the heels of silver breaking out, US dollar worries are sending the price of gold higher.
As the price of silver breaks out today, a massive short squeeze may be in the works as Sprott Silver Trust has just filed to raise $1.5 billion to purchase physical silver, which is a jaw-dropping 8.8% of annual global production.
Gold has now broken out! Silver is attempting to break out, how times have changed, plus a stunning chart.
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned investors there is a massive shortage of physical gold in the futures markets and LBMA system.