Today Alasdair Macleod notes the $46 premium where Comex gold is trading at $1,712, warning it could prove disastrous for bullion banks, plus Hansen looks at record deleveraging.
On the heels of the Dow rallying more than 1,000 points along with gold and silver, today James Turk told King World News that the price of gold should hurdle $1,700 within days, but this will be the big surprise.
Today the man who predicted the global collapse just warned King World News that what is in front of us is truly frightening.
On the heels of another wild week of trading in global markets, today James Turk discussed the corrupt gold and silver bullion banks’ massive spread between their buying and selling price.
James Turk: Founder & Lead Director of Goldmoney, Inc (Toronto Exchange XAU) – His latest venture is Lend & Borrow Trust Company Ltd., an online peer-to-peer lending platform that brings lenders and borrowers together by enabling customers to borrow CAD, USD, GBP, EUR or CHF using their gold and silver as collateral for security to the lender…
James Turk: Founder & Lead Director of Goldmoney, Inc (Toronto Exchange XAU) – His latest venture is Lend & Borrow Trust Company Ltd., an online peer-to-peer lending platform that brings lenders and borrowers together by enabling customers to borrow CAD, USD, GBP, EUR or CHF using their gold and silver as collateral for security to the lender…
Despite volatility, look at who just said the price of gold is headed to a new all-time high.
Despite the countertrend rally in stocks, this is one hell of a crisis as turmoil in global markets will continue.
On the heels of the price of crude oil rebounding more than 20% while gold surges $30, it appears the public is now increasingly turning to gold.
With many questioning the paper prices of the gold and silver markets, it appears the LBMA and Comex are falling apart, plus it’s impossible to reflate these bubbles.
