Hedge funds added bullish gold wagers at the fastest pace since June as central bank action from China to Japan and Europe helped stem the rout in prices. The net-long position in New York futures and options expanded 56 percent, U.S. government data show…
With continued unprecedented trading action across the globe, today King World News spoke with the man who recently had a fireside chat with billionaire Frank Giustra. On the heels of his recent meeting with Giustra, he discussed a nightmare scenario that he expects will be the catalyst for global panic and $10,000 gold. Egon on Greyerz: “Eric, we have a world of record low or even negative interest rates and
On the heels of a rally in the U.S. dollar, gold and silver consolidating recent gains, and crude oil breaking below $60, today KWN is pleased to share one of the most powerful charts showing the relationship between general stocks and the gold and silver sector. This remarkable chart appears to finally be turning in favor of the metals. By Investors Intelligence December 11 (King World News) – “The Industrials
With gold near$1,230 and silver above $17 as the U.S. dollar and stocks rally, today one of the greats in the business answers the all-important question, what does the 40 percent collapse in oil prices mean for investors? There is some incredible information in this piece about the stunning collapse in the oil price. By Jeffrey Saut, Chief Investment Strategist at Raymond James December 11 (King World News) – “However,
With stocks rallying along with the dollar, and crude oil hitting $60, today one of the legends in the business includes a guest commentary about a region with trillions of dollars in wealth funds that is now shocking the world. This piece also covers a historic bank panic. Hopefully that is not a sign of things to come.
Today KWN is putting out a special piece which features two remarkable charts revealing the greatest opportunity in the war in the gold, silver, and oil markets. These are charts that the big banks follow closely, as well as big money and savvy professionals. David P. out of Europe sent us the two key charts along with his commentary. Below are the two key charts sent to KWN by David
With oil plunging near the $60 level and the Dow Jones falling close to 300 points, today an acclaimed money manager spoke with King World News about the historic trading in the gold, silver, and oil markets. Stephen Leeb also discussed what is next for gold, silver, and oil. Leeb: “Recently silver has been trading stronger than gold and commodities across the board were pretty firm yesterday. But the interesting
On the heels of another wild day of trading in global markets, today one of the legends in the business includes a guest commentary about a trigger that has the possibility of sending the world hurtling headlong into the next major financial crisis. By Art Cashin Director of Floor Operations at UBS December 10 (King World News) – “On this day in 1896, the boys at Wesleyan University in Connecticut
On the heels of a $25 surge in the price of gold and a nearly 5 percent rally in the price of silver, today King World News takes a look at what would lead one of the world’s richest men, billionaire Frank Giustra, to make a massive bet on significantly higher gold and silver prices in the future.
Today one of the wealthiest people in the financial world stunned King World News when he said we may be nearing a point where we see a historic melt-up in gold, silver, and the mining shares. Rick Rule, who is business partners with billionaire Eric Sprott, also discussed exactly how this historic advance will unfold and why the up-moves will be so incredibly violent. Eric King: “Rick, are we finally