GOLD
With volatility ramping up in the gold market, here is why the price of gold is set to accelerate toward thousands of dollar higher after consolidation.
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 another Swiss bank can’t find their client’s gold.
With the price of gold seeing a huge advance in the past month, central banks see a massive $2.2 billion in losses on gold shorts but here is why it may get much worse.
On the heels of the recent violent trading in key markets, this is remarkable, plus 3 absolutely shocking charts.
Dr. Stephen Leeb told King World News there is an 80-90% chance of this happening in the gold market.
The 6-year breakout in the price of gold has turned into one hell of a war as the bullion banks and commercial hedgers have ramped up short positions into gold’s historic break above the $1,400 level.
As we come to the end of a wild week of trading, today Dr. Stephen Leeb told King World News here is how gold will trade in the coming weeks before it eventually hits $10,000.
Another bullish gold catalyst as Albert Edwards warns, “Beware a US dollar slump.”
Today one of the greats said, when it comes to the gold market, “That attitude will change over time.”
On the heels of the price of gold pulling back in order to consolidate gains, James Turk told King World News that a lot of people are worried about the gold and silver markets.