There are two important notes below, one is the wisdom of half a century working in the financial world and the second is an important update on where things stand in the gold market.
As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies just warned King World News that central banks have triggered a global collapse.
On the heels of a wild week of trading that wiped out $1 trillion of equity in US markets, did a rogue government official orchestrate the Huawei arrest to sabotage the Trump and Xi trade talks?
With the Dow plunging nearly 600 and gold surging to $1,250, Michael Oliver, who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, just predicted gold will take out 5 years of highs in only 50 trading days.
On the heels of Thursday’s monster rally in the stock market leaving some observers scratching their heads, legend Art Cashin told King World News this was the real reason for Thursday’s violent 700+ point rally in stocks.
Art Cashin: Director of Floor Operations for UBS Financial Services & CNBC Market Commentator – UBS has over $650 billion under management. Art has over 50 years of Wall Street experience, which gives him the ability to offer valuable insights to investors and traders. When he started in the industry, the Dow Jones Industrial Average was actually in the 700-800 range. He shares his analysis and gives the pulse of the market from the floor of the New York Stock Exchange.
Today the Dow tumbled nearly 800 at one point in the trading session as central banks now have a huge problem.
For those looking for a major gold bull catalyst, top Citi analyst just predicted the US Dollar Index is going to crash below 70.
The Dow plunged 800 points today and the price of gold surged. Here is why…
With the Dow tumbling more than 600, Art Cashin just highlighted what could be a huge problem. There is also a note on gold and silver.
