European Analyst – The Tables Might Soon Be Turning In Favor Of Gold
One European analyst just warned the tables might soon be turning in favor of gold.
One European analyst just warned the tables might soon be turning in favor of gold.
With continued uncertainty around the world, it appears the next move by the Fed may be to cut interest rates. Also, what has happened in Japan is stunning.
Here are some key charts for gold, silver and charts.
With everyone focused on the Fed’s decision not to raise interest rates, one of the greats in the business just flashed this major alert and said gold is rising as a Phoenix.
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 shared with King World News the most important chart of this century and what will take the world by surprise.
After the confession that interest rates will not be raised for the rest of 2019, Peter Boockvar told King World News “Don’t think the Fed or other central banks are going to save your ass. It’s time to buckle up and own some gold.”
On the heels of another wild trading week, Bill Fleckenstein warned King World News “Somebody has got to stop these idiot central bankers.” Fleckenstein also warned that the price of precious metals is going to take off.
With the Dow tumbling, bonds continuing to surge and gold trading above $1,310, one of the greats in the business told King World News that this will be the fuel for the next move higher in gold and silver.
On the heels of yesterday’s Fed decision, the US dollar has now seen a major reversal in near record time. Here is what that means for gold and the dollar in the coming weeks.
On the heels of the Fed’s decision to keep interest rates steady with no further rate hikes in 2019, gold rallied as the US dollar weakened.