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, told King World News that the final collapse has already begun and it will engulf the world in chaos.
Commercial hedgers remained long the gold market (second week in a row) for the first time in 17 years! They also remained long (for the first time in history) the silver market for the third week in a row as they continue tightening the noose around hedge funds and speculators that are massively short the gold and silver markets. At some point the bullion banks will unleash a historic short squeeze.
This 2 minute video of minute video of Milton Friedman is absolutely amazing, plus a note on universal basic income.
With the Dow surging back above the 26,000 level, what is happening in the U.S. hasn’t been seen in 50 years.
On the heels of the dollar weakening and gold rallying above the $1,200 level, this is about to trigger a major short squeeze in the gold and silver markets.
With oil surging along with stocks and the dollar falling, today today the top trends forecaster in the world warned this catalyst is about to unleash global economic turmoil. There is also a note on silver.
As trading continues during Fed week, today Multi-billionaire Hugo Salinas Price warned he’s seen many terrible financial collapses in his 86 years but what is coming will be very nasty.
After today’s initial plunge and subsequent rally in the metals, commercials probably increased gold and silver long positions as the mining stocks saw a turnaround Tuesday.
As we await the Fed decision this week, what is happening around the globe is stunning as records are being broken.
Trouble is brewing underneath the stock market as last week saw the 3rd largest cluster of Hindenburg and Titanic warnings since 2009.