New High Alert As Silver Breaking Out Of 45-Year Bullish Pattern
Silver is now breaking out of a 45-year bullish pattern that projects new all-time highs, and this is creating a problem for the heavy short positions in the silver market.
Silver is now breaking out of a 45-year bullish pattern that projects new all-time highs, and this is creating a problem for the heavy short positions in the silver market.
Today the price of silver futures surged aggressively back above $39 near the recent high leaving shorts running for cover.
Investors around the world need to buckle up because we are now entering the endgame for fiat currencies.
Today Nomi Prins, who has given speeches to the World Bank, IMF and Federal Reserve, told King World News that the United States may once again begin stockpiling silver as a strategic reserve. This would have an enormous impact on the already thin physical silver market. Global silver production is only 819.7 million ounces a year, and the last time the US stockpiled silver it reached a jaw-dropping peak of 3.3 billion ounces. The question is where will all of that silver come from and how high will the price of silver have to go in that kind of market? Here is what Prins had to say.
Nomi Prins: Keynote speaker who addressed the Federal Reserve, IMF and the World Bank – Nomi is also a renowned journalist and author. Her latest book, “COLLUSION: How The Central Bankers Rigged The World” In this searing exposé, former Wall Street insider Nomi Prins shows how the 2007-2008 financial crisis turbo-boosted the influence of central bankers and triggered a massive shift in the world order. She was also on a Federal Reserve Advisory Council…
Nomi Prins: Keynote speaker who addressed the Federal Reserve, IMF and the World Bank – Nomi is also a renowned journalist and author. Her latest book, “COLLUSION: How The Central Bankers Rigged The World” In this searing exposé, former Wall Street insider Nomi Prins shows how the 2007-2008 financial crisis turbo-boosted the influence of central bankers and triggered a massive shift in the world order. She was also on a Federal Reserve Advisory Council…
DUE TO POPULAR DEMAND AND ACCELERATED INVESTOR INTEREST, WE MADE THE DECISION TO LAUNCH THE WEEKLY WRAP!
DUE TO POPULAR DEMAND AND ACCELERATED INVESTOR INTEREST, WE MADE THE DECISION TO LAUNCH THE WEEKLY WRAP!
It appears that silver swap dealer’s short positions are now at the largest level in history.
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