Bullion banks are now long the gold market for the first time in 17 years! They also massively increased their long (for the first time in history) silver positions as they continuing tightening the noose around hedge funds and speculators that are massively short the gold and silver markets. Now they are preparing to unleash a historic short squeeze.
Today Bill Fleckenstein discussed a huge story unfolding in the gold sector this week.
On the heels of an additional $267 billion in tariffs against China being threatened, here is a look at one of China’s key weapons, plus a note from one of the greats in the business.
With continued worries across the globe, it appears there is nowhere to hide as turmoil spreads.
As near the end of the first week of trading in September, at least one central bank is “fearful of something.”
On the heels of the continued turmoil in global markets, here is an important snapshot of bulls, bears, inflation, real estate and auto sales.
Today the top trends forecaster in the world, Gerald Celente, just warned that the world is about to be engulfed with contagion.
On the heels of the recent carnage in the gold and silver markets, today legend Pierre Lassonde spoke with King World News about what is happening behind the scenes that is going to be a massive game-changer for the gold market.
We are now in the eye of the storm as we see complete panic in the metals and mining sector.
On the heels of the recent carnage in the gold and silver markets, today legend Pierre Lassonde told King World News that the price of gold is headed above $2,400.
Lassonde is arguably the greatest company builder in the history of the mining sector. He is past president of Newmont Mining, former chairman of the World Gold Council and current chairman of Franco Nevada. Lassonde is one of the wealthiest, most respected individuals in the gold world, and as always King World News would like to thank him for sharing his wisdom with our global readers during this critical period in these markets.