On a day when the price of gold was hammered to the downside, billionaire investor Pierre Lassonde told King World News that investors need to focus on the big picture and not the volatility because the price of gold is headed into a mania.
A shocking amount of physical gold is being drained out of the COMEX casino which is why the setup in the gold market is so fascinating at this moment in history.
Gold’s Open Interest is collapsing again and here is what is so interesting.
What is happening in the economy is terrifying even as the stock market rally continues and gold attacks the $2,000 level.
It appears that we now have the fewest stock market bears since January of 2022. The public has also piled in on the long side and that certainly won’t end well but gold will shine.
The “Everything Bubble” Has finally popped and it will get much worse from here. One thing is certain, the trading will get more violent from here.
With the US dollar and gold moving higher today, look at who is buying gold right now and how this will impact the price.
We are now in the calm before the storm, the prelude to a true panic, which is why this type of move into gold has occurred only twice in the last 50 years. Gold senses the mayhem that lies ahead.
Today James Turk told King World News that the debt ceiling suspension is similar to Nixon taking the US off the gold standard and this will have dire consequences.
As people continue to digest breaking news from around the world on Memorial Day, years ago the Godfather of newsletter writers, Richard Russell, discussed the war to inflate, the horrors of war and what he was telling his subscribers to do. Included in this piece is one of the most tragic images you will ever see.