With the action in precious metals continuing to surprise traders, today the man who correctly predicted silver would hit $30 just three weeks ago now says silver may surge to a new all-time high by September 30, plus look at his target for gold
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned investors to expect a crisis in world stock markets, global economic depression and despite volatility, skyrocketing gold & silver prices.
The following exclusive King World News video footage (below) obtained by our sources on the ground in Asia shows a massive line of customers in Thailand’s Gold District.
At the end of what turned out to be another wild week of trading in the precious metals markets, what is happening behind the scenes in the gold market is truly shocking.
Alasdair Macleod: Head of Research for Goldmoney, Inc. – Alasdair has been interviewed at CNBC as well as many other premier networks. He has been working in the financial world since 1970 and been a Member of the London Stock Exchange for nearly five decades. His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy.
Alasdair Macleod: Head of Research for Goldmoney, Inc. – Alasdair has been interviewed at CNBC as well as many other premier networks. He has been working in the financial world since 1970 and been a Member of the London Stock Exchange for nearly five decades. His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy.
Bullion banks have just taken losses on scarce physical gold, plus some hedge funds are also being caught in the short squeeze along with the bullion banks.
With many investors nervous about the volatility in the gold and silver markets, it’s time to relax and have a burger because the bull market has a long way to go. As one professional just noted, “It is difficult for me to believe that a three week rally is all we get from a 5+ year base.”
The nightmare for bullion banks continues as silver hit $30 in overseas trading and gold surged toward $2,100. The metals subsequently retreated from the highs and have turned negative in volatile trading.
On the heels of another all-time high in gold and silver breaking above $28, look at who just predicted $4,000-$8,000 gold and $100+ silver.
