On the heels of the $50 takedown in the gold market, today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that there are major physical shortages in the LBMA and futures markets.
Below is a truly mind-boggling chart, plus Sprott says they now have 100+ million ounces of physical silver and unleashing the reserves.
Sprott Asset Management sent King World News a note stating that silver is headed to $35 and above that level expect price spikes to $47-$119.
With gold and silver trading higher after yesterday’s orchestrated takedown, the massive gold and silver bull markets are just getting started. Look at these remarkable charts and more.
After today’s pullback in gold and silver it is important to take a look at the big picture.
Curious timing; after the big rally in the silver market yesterday, JP Morgan decided today they would downgrade silver stocks, but this is even more stunning.
What a way to kickoff trading in the month of February as the silver market surged over $30 at one point during trading. Look at who just predicted we will see $2,500-$4,000 gold and $57-$130 silver.
As we kickoff the week, the price of silver is soaring today as the shorts are being squeezed and a $50 price target was just issued, but look at this surprise.
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that the bullion banks are now short 100 million ounces of silver on the Comex and there is no liquidity in London.
In what may be seen in the fullness of time as the first wave of the public entering the silver market, Robinhood silver traders may break the Comex and seriously hurt some bullion banks.