On the heels of many market veterans warning the markets are “breaking,” it appears the terrifying and looming banking crisis threatens to be the end of fiat money. No wonder the price of gold is over $2,000 an ounce.
Despite the orchestrated short-term takedown, the price of gold is set for a historic spike! Plus Fed’s massive trading room at it again.
The rule of law is breaking down in the West’s financial system on the heels of the London Metals Exchange default.
Today was a very big day for gold bulls as the Metal of Kings hit a new all-time high. Costa says silver is also headed to new all-time highs and Pomboy says gold miners have a long way to go on the upside. Plus the right question to ask.
Today the price of gold surged $75 to a new all-time high above $2,070 and silver is soaring $1.70, but look at the other insane market action!
Stephanie Pomboy warned about the last opportunity to buy physical gold and James Turk discusses gold, silver and the coming great wealth transfer.
Today an ex-Senior Fed trader warned we may see a wild scramble for physical gold.
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that the “dark years” for the world are now starting in earnest.
With the price of gold approaching the $2,000 level, Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, told King World News that “We are on the face of what could be for gold and silver a move in this year that is so dramatic that it erases any prior bull moves in terms of dynamics and percentages.”
The gold market is setting the stage for a massive short squeeze. If it unfolds, the upside will be breathtaking.