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.
Bullion banks desperately need a big shakeout in the gold market as their gross short position in the gold market is now at a record $38 billion, plus a major turning point for silver bulls.
Today one of the top money managers in the world told King World News that China has been accumulating silver for years as both gold and silver are finally breaking their chains and heading toward an upside mania.
Dr. Stephen Leeb: Chairman & Chief Investment Officer of Leeb Capital Management – Dr. Leeb is a registered investment adviser and has been managing big cap growth portfolios since 1999. Over the last decade, his independently-verified performance record has been ranked in the top 5 percent among peers according to Informa’s PSN manager database. Dr. Leeb is a New York Time’s Best Selling author…
Dr. Stephen Leeb: Chairman & Chief Investment Officer of Leeb Capital Management – Dr. Leeb is a registered investment adviser and has been managing big cap growth portfolios since 1999. Over the last decade, his independently-verified performance record has been ranked in the top 5 percent among peers according to Informa’s PSN manager database. Dr. Leeb is a New York Time’s Best Selling author…
Today James Turk told King World News gold is now on the verge of a major breakout that will send the price spiking to $1,900.
With the price of gold above $1,800, investors are seeking shelter from the economic storm and may be standing for delivery. Plus debt bomb and another all-time record.
On the heels of today’s pullback in the gold and silver markets, it is a good time to learn from the wisdom of Jesse Livermore.
