Gold Retreats From Five Week High On Outlook For Stronger Dollar Bloomberg: By Debarati Roy and Nicholas Larkin Gold fell for the third time in four sessions as a whipsaw in oil increased prices swings for bullion. The metal surged yesterday by the most since September after crude futures rebounded from a five-year low. The oil rally fizzled today, and the dollar climbed to the highest since March 2009 against
With tremendous chaos taking place around the globe and incredible volatility in the gold, silver, and oil markets, today one of the greats in the gold world told King World News that the bullion banks are now scrambling to find metal in order to cover their shorts. John Hathaway of Tocqueville Asset Management also said that many bullion banks’ balance sheets may be in great peril if gold and silver prices begin a massive surge.
On the heels of continued volatility in the gold market, the Godfather of newsletter writers, 90-year old Richard Russell, put out a quick note on the fierce trading action in both gold and oil. The 60-year market veteran also included his thoughts on how this will impact the Fed’s key decision-making policy.
After a remarkable day of trading in the gold and silver markets, today the man who made one of the greatest market calls in history told King World News that the wild trading action in gold and silver has stunned market participants, and a historic buy signal has just taken place. Below is the incredible interview from Ben Davies.
On the heels of one of the wildest days of metals trading in history, today one of the most respected veterans in the gold world stunned King World News when he spoke about the real reason he believes the Dutch gold their gold back from the Federal Reserve. He also covered the incredible action in gold and silver.
Today a man who has been involved in the financial markets for 50 years spoke with King World News about the shocking and historic price swings in the gold and silver markets. John Embry, who is business partners with billionaire Eric Sprott, also discussed the fact that enormous pressure is building against the Western central planners to release the gold and silver markets to the upside.
On the heels of the defeat of the Swiss Gold Initiative, today a 40-year market veteran sent King World News a powerful piece discussing the unprecedented events we are witnessing in the gold, silver, and oil markets as well as what investors should be doing in this dangerous environment. Below is what Robert Fitzwilson, founder of The Portola Group, had to say in this exclusive piece for King World News.
On the heels of a plunge in oil, gold, and silver prices, and a surge in international stock markets, today one of the top economists in the world sent King World News warning that the United States is busy orchestrating the next disastrous global financial crisis. Below is the fantastic piece from Michael Pento.
Today one of the wealthiest people in the financial world spoke with King World News about the historic and unprecedented events that are now unfolding in the gold market. Rick Rule, who is business partners with Eric Sprott, also discussed why other countries becoming so concerned that the U.S. gold is gone, and why this is sparking panic on the part of some countries to get their gold back before all hell breaks loose.
On the heels of the news that more European central banks are coming under enormous pressure to repatriate their gold held abroad, today Egon von Greyerz said we are closing in on absolute panic in the gold market. Below are his comments about the stunning ramifications of what is transpiring.
