Today the man who correctly predicted the BRICS would launch a gold-backed currency spoke with King World News about how the news has dramatically impacted trading in the gold market.
Later today one of the greatest audio interviews with Nomi Prins is going to be released discussing the launch of the BRICS gold-backed currency and how it will impact the gold, silver and mining share markets.
July 15 (King World News) – Alasdair Macleod, head of research at Goldmoney: “It’s been fascinating looking at the move in the markets because if you looked at the gold and silver contracts before last Friday when this (new gold-backed BRICS currency) was first officially confirmed by the Russians, those contracts were incredibly oversold. The week before we saw the silver contract at a record level of Open Interest for the last 10 or 11 years. Gold’s Open Interest had begun to recover but from very low levels. And then suddenly on Friday (the day the gold-backed currency news was released by the Russians) Open Interest in gold has exploded. In the case of silver it…to continue listening to Alasdair Macleod discuss the coming gold-backed currency and how it will impact the gold and silver markets CLICK HERE OR ON THE IMAGE BELOW.
To listen to this timely interview with Tavi Costa discussing $2,700-$3,000 gold, $50+ silver and mining stocks soaring CLICK HERE OR ON THE IMAGE BELOW.
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