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Bullion Banks Covering Gold Shorts As Massive US Dollar Breakout Continues

10256 Views July 14, 2022 GOLD, KWN King World News

This is the big story (again) today.

Uncle Sam’s Currency On A Tear
July 14 (King World News) – King World News note: US dollar continues its massive breakout with an upside target on the US Dollar Index of 120.

US DOLLAR INDEX CONTINUES TO SURPRISE:
Next Target For US Dollar Index After
Major Upside Breakout Is 120!
(Now Trading At 109)

The continued strength in the US dollar is allowing an attack on the price of gold in the paper market, sending the gold price to fresh new lows as the bullion banks use this weakness to cover additional short positions.

KWN will have more on this situation later today.

***To listen to Alasdair Macleod discuss why the coming crisis will be far worse than anything seen in 2008 global collapse CLICK HERE OR ON THE IMAGE BELOW.

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Bullion Banks Covering Gold Shorts As Massive US Dollar Breakout Continues

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