With the Dow tumbling as the price of crude oil breaks above $72, today James Turk told King World News that a major short squeeze in the gold and silver markets may unfold on this stunning announcement.
As we kickoff the final week of trading in September, the last time this happened the gold price spiked 24% higher in one year! Also, this is the final week of excess global liquidity.
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 doomsday clock is close to midnight.
On the heels of the Dow and S&P 500 hitting new all-time highs this week, today Bill Fleckenstein spoke with King World News about what is going to be the trigger for major trouble in world markets and a turnaround in the gold market.
Commercial hedgers remained long the gold market (third week in a row) for the first time in 17 years and long (for the first time in history) the silver market for the fourth week in a row, but here is the big shocker this week.
In the aftermath of today’s plunge in the gold market, which was setoff by a one minute, $1 billion paper gold dump, one of the greats in the business just flashed this major alert on gold.
With the S&P hitting new all-time highs, a major warning indicator just flashed that proceeded the 1987, 2000. 2008, 2011 & 2015 plunges in the Dow.
As the Dow hits an all-time high, look at the havoc that has been unleashed across the globe.
With the Dow surging once again, today today the top trends forecaster in the world warned that the market crash is coming as an economic 9/11 approaches.
A historic breakout is about to unfold and a major catalyst is set to unleash a short squeeze in the gold and silver markets.