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On the heels of another wild trading week, the bullion banks have just covered more of their silver short positions, but here is the big surprise. More Short Covering In Silver! February 23 (King World News) – Commercials covered more short positions in the silver market (see chart below). More Short Covering In Silver! Gold You can see that commercials added a bit to their short positions in the gold market (see chart below).
With crude oil and stocks on the move as the US Dollar Index hovers just below 90, it appears that something is going to break.
With the US Dollar Index tumbling back below 90, look at who just warned the US Dollar Index may collapse “well below 70!” Needless to say, this would be wildly bullish for gold and silver prices.
On the heels of today’s reversal, which featured some wild trading, we haven’t seen this in 35 years.
With the price of gold repeatedly attacking a major breakout level, Jeff Saut’s partner at Raymond James just urged clients to keep a close eye on gold and the US dollar.
After what has been a chaotic start to 2018, gold’s historic mega-bullish breakout is close to unfolding!
With continued uncertainty in global markets, John Embry spoke with King World News about the real reason for today’s takedown in gold and silver.
As we get ready to kickoff trading at the start of a new week, today the man who has become legendary for his predictions on QE and historic moves in currencies, warned King World News that Pandora’s Box is about to be opened once again and it will lead to disastrous worldwide consequences.
After another action-packed trading week in what has been a wild start to 2018, today Bill Fleckenstein told King World News that the tide is going out for financial assets and gold’s major breakout above $1,400 is going to happen.
Bill Fleckenstein: President of Fleckenstein Capital – Bill is a professional money manager with over 30 years of experience, he also writes a daily Market Rap column for his web site at Fleckenstein Capital. Bill has appeared at one time or another in virtually all financial media including King World News, Bloomberg, CNBC, The New York Times, MSN, Marketwatch, Barron’s and more….
