With gold and silver trading higher after yesterday’s orchestrated takedown, the massive gold and silver bull markets are just getting started. Look at these remarkable charts and more.
After today’s pullback in gold and silver it is important to take a look at the big picture.
Curious timing; after the big rally in the silver market yesterday, JP Morgan decided today they would downgrade silver stocks, but this is even more stunning.
What a way to kickoff trading in the month of February as the silver market surged over $30 at one point during trading. Look at who just predicted we will see $2,500-$4,000 gold and $57-$130 silver.
As we kickoff the week, the price of silver is soaring today as the shorts are being squeezed and a $50 price target was just issued, but look at this surprise.
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that the bullion banks are now short 100 million ounces of silver on the Comex and there is no liquidity in London.
In what may be seen in the fullness of time as the first wave of the public entering the silver market, Robinhood silver traders may break the Comex and seriously hurt some bullion banks.
Central banks have created a Niagara Falls of printed money and debt, gushing down chaotically all over the world.
As the price of gold surges over $30 and the price of silver soars 6.5%, it appears there is no liquidity in the silver market in London and that “could destabilize all PM (Gold & Silver) contracts” as the Reddit silver short squeeze continues.
As the Reddit army of traders target the silver market, today the man who oversees nearly $160 billion says the price of silver may be poised to skyrocket.