Bullion banks covered a large number of gold shorts, plus a look at silver.
Today London whistleblower and metals trader Andrew Maguire told KWN that hedge funds are about to be crushed on their massive gold short positions as the price of gold spikes higher.
Hedge funds may get torched after making near-record bets long the US dollar and against rising gold prices.
Markets are on the move today with stocks gapping lower as Iran readies a massive military exercise in the Persian Gulf.
Today the top trends forecaster in the world, Gerald Celente, issued a major trend alert!
With everyone awaiting the Fed’s decision on interest rates, there was some wild trading taking place overseas.
So many catalysts could trigger the next financial crisis but this problem “is really going to be a nightmare.”
As we kickoff the early stages of what promises to be another rowdy week of trading, gold “contrarians should be comforted by this.”
We have rarely seen this in the past 15 years…
With the US dollar weakening today, China has already laid the path to $10,000+ gold prices.