Emergency Actions, Plus A Look At Gold & Silver
In the midst of the global market panic, here is a look at the just announced emergency actions plus a look at gold and silver.
In the midst of the global market panic, here is a look at the just announced emergency actions plus a look at gold and silver.
History is being made during this crisis as the Gold/Oil Ratio just shattered the all-time record…again!
On the heels of reading the KWN article stating interest rates have now gone negative in the US, Pierre Lassonde made a prediction about where the gold price is headed.
On the heels of the Dow tumbling 2,000 points and the price of crude oil plunging $5 to $21 a barrel, it has finally happened — we now have negative Treasury rates in the United States!
Today one of the greats in the business said the long term case for gold has strengthened in light of the current chaos and that the recent headwinds will not persist.
This is how bad things became yesterday as an all-time level of panic was reached, eclipsing 1987, 2008 and 1962.
Albert Edwards warned investors to brace for a retest of the 2009 lows as the crash in the stock market continued with the Dow collapsing another 3,000 points (12%)! More wild trading took place in the gold market, which saw a jaw-dropping $124 range today as physical gold shortages are now appearing.
In the midst of another wild trading day in global markets, reports of physical gold shortages are being reported, plus a look at panicked markets.
On the heels of the Fed lowering interest rates to zero and promising to inject $700 billion of QE, and the world continues to edge closer to the next crisis, 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 collapse of the global financial system is imminent.
On the heels of the recent plunge in the gold and silver markets and collapse in the mining stocks, today legend Pierre Lassonde spoke with King World News about the recent carnage as well as what he is doing with his own money right now as well as where he believes the price of gold is headed from here.
Lassonde is arguably the greatest company builder in the history of the mining sector. He is past president of Newmont Mining, former chairman of the World Gold Council and current chairman of Franco Nevada. Lassonde is one of the wealthiest, most respected individuals in the gold world, and as always King World News would like to thank him for sharing his wisdom with our global readers during this critical period in these markets.