As trading continues in the 3rd week of October, here is a look at China’s new oil exchange where countries will be able to take gold as payment, plus a worldwide paradigm shift.
With the Dow hitting a new all-time high along with the Nasdaq, we have extreme stock market bullishness, record shorts in the VIX and QE going in reverse. Interesting times. Plus a surprising look at what is happening with inflation…
With continued uncertainty around the globe, today the man who has become legendary for his predictions on QE, historic moves in currencies, told King World News that the setup in the silver market is explosive as a debt binge world faces two grim alternatives.
Both of the charts below were sent to us from analyst David P. out of Europe, who stated: “Gold is on the verge of a new bull market.”
Today King World News spoke with the man who advises the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world and he warned investors that gold, silver and the mining shares are set to skyrocket.
As we end the second week of trading in October, KWN is about to release the Michael Belkin audio interview. In the meantime, the commercial hedgers continue covering gold shorts as massive money is flows into GDX mining ETF.
With the price of gold surging above $1,300, here are two of the biggest surprises from Jim Grant’s conference.
As with the Dow and Nasdaq hitting a series of record highs, this danger signal is approaching an all-time record.
It’s happened again. For the second time in less than a week, the man who has become legendary for his predictions on QE, historic moves in currencies, told King World News that another scandal is unfolding in Switzerland as a second major Swiss bank has has just refused to let a client see the gold that the bank is supposedly storing for them.
With the price of gold near $1,300, Jeffrey Saut’s partner at Raymond James is bullish on gold.