Gold is close to a historic breakout vs the US dollar as $2,000 continues to be a floor, but take a look at this…
Posts From King World News
The US financial war against China is heating up and this will have a big impact on the US dollar and gold.
There is a major liquidity crisis brewing. Look at how this crisis is going to impact markets.
With gold futures tumbling to the $2,000 area, currently trading down over $27 to $2,005, and silver weakened to just above the $22 level, the mining stocks have been hit hard today. Remember, always focus on the big picture when there are periods of significant volatility.
Inflation remains a big problem as Fed rate cut projections tumble and yields on the US 10-Year Treasury surge. May test 5% again this year.
lways take a step back a focus on the big picture during times of volatility. Here is the big picture for gold and silver.
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 action in gold miners is now mirroring the 2016 bear market low. That was a fantastic time to be a buyer as the mining stocks then soared 200% in just 6 months.
This is a trip down the rabbit hole of the interview with Russian leader, Vladimir Putin, gold and the collapse of the West.
According to the top trends forecaster in the world you haven’t seen anything yet because 2024 is going to be a wild year, a year to remember.
The Chinese public is buying gold at a historic clip only seen one other time in history. The buying is so frantic it is close to an all-time record in terms of demand.