On the heels of continued volatility in the gold market, the Godfather of newsletter writers, 90-year old Richard Russell, put out a quick note about a breach of a key price level that will spark a massive short covering melt-up in the gold market. The 60-year market veteran also discussed the anxiety gold traders have been experiencing.
King World News has received concerned emails over time from KWN readers about a well-known precious metals dealer in the state of Washington. These emails revolve around delivery problems. People were experiencing extremely lengthy delays in receiving the delivery of their metals. Now it appears another individual has come forward and a website has suddenly terminated the sponsorship program with this well-known dealer.
Today one of the top names in the gold world covered the all-important question, is the U.S. and London based gold and silver Ponzi scheme finally beginning to come unraveled? This is another trip down the rabbit hole of negative gold lease rates, backwardation, and corruption at the highest levels of the banking industry.
Today one of the top hedge fund managers in Hong Kong told King World News that the insatiable demand for physical gold and silver has the shorts worried at this point. Hedge fund manager William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also discussed where the physical demand is coming from and what this means for the future. Below is what Kaye had to say in this extraordinary interview.
As we head into the tail end of 2014, 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 a mystery buyer who propped up the gold market and took on and eventually crushed all paper shorts after Sunday’s vote in Switzerland.
Is The Recent Gold And Silver Breakdown Signal Still Valid? – I wrote a piece in which I showed two potentially bearish longer-term “pennant” patterns in gold and silver that could lead to serious declines provided that gold and silver do not reverse their recent technical breakdowns below $1,200 and $19 respectively. In keeping with the erratic, low-volume trading conditions that are common around the holidays, gold and silver plunged on Sunday night after…
Gold Retreats From Five Week High On Outlook For Stronger Dollar Bloomberg: By Debarati Roy and Nicholas Larkin Gold fell for the third time in four sessions as a whipsaw in oil increased prices swings for bullion. The metal surged yesterday by the most since September after crude futures rebounded from a five-year low. The oil rally fizzled today, and the dollar climbed to the highest since March 2009 against
With tremendous chaos taking place around the globe and incredible volatility in the gold, silver, and oil markets, today one of the greats in the gold world told King World News that the bullion banks are now scrambling to find metal in order to cover their shorts. John Hathaway of Tocqueville Asset Management also said that many bullion banks’ balance sheets may be in great peril if gold and silver prices begin a massive surge.
On the heels of continued volatility in the gold market, the Godfather of newsletter writers, 90-year old Richard Russell, put out a quick note on the fierce trading action in both gold and oil. The 60-year market veteran also included his thoughts on how this will impact the Fed’s key decision-making policy.
After a remarkable day of trading in the gold and silver markets, today the man who made one of the greatest market calls in history told King World News that the wild trading action in gold and silver has stunned market participants, and a historic buy signal has just taken place. Below is the incredible interview from Ben Davies.