GOLD
With the U.S. President Donald Trump backing another $200 billion in tariffs in the escalating trade war, China may unveil its secret weapon — a staggering 30,000 tonne gold hoard.
As we head into the fall, today the man who has become legendary for his predictions on QE and historic moves in currencies, told King World News that people are not going to be able to get their money out of their county.
Bullion banks are now long the silver market for the first time in the past 24 years. They are also in one of the most bullish trading positions in the gold market in the past decade as they have already tightened the noose around hedge funds and speculators that are massively short the gold market. Now they are preparing to unleash a historic short squeeze.
As we near the end of what has been a wild month of trading in August, today the man who has become legendary for his predictions on QE and historic moves in currencies, told King World News that we are going to see worldwide currency collapses.
There have been a great many requests for KWN to interview mining legend, Pierre Lassonde, on the heels of the recent carnage in the metals markets. Plus a look at a key chart.
Today the gold price fell below $1,200 level but take a look at this.
On the heels of the Nasdaq hitting all-time highs and crude oil and gold moving higher, this is why things can change in a hurry in global markets.
Today Rick Rule spoke with King World News about the recent carnage in the gold and silver markets and said he believes we are at the end of the panic selling in gold, silver and the mining shares.
Fred Hickey of the High Tech Strategist had this to say about the state of the gold market today and what it will take to achieve liftoff
With the Dow holding above 26,000 and the Nasdaq trading above 8,000, this indicator just shocked people by hitting an 18-year high.