KWN
On the heels of gold tumbling $90 in early trading and silver plunging 8%, market veteran Alasdair Macleod told King World News that a big correction in gold and silver is not on the horizon, despite today’s pullback, and that a spectacular short squeeze in still in the cards because of a game-changing market shock.
With the price of gold and silver tumbling in overseas trading as the metals move to consolidate the massive gains they have experienced in 2020, Fred Hickey said many positioned for a (big) drop in gold and silver prices may have to rethink, reflation boom, plus a fascinating email from a KWN reader.
Legend Pierre Lassonde told King World News that what is happening in the gold market is unprecedented.
With the action in precious metals continuing to surprise traders, today the man who correctly predicted silver would hit $30 just three weeks ago now says silver may surge to a new all-time high by September 30, plus look at his target for gold
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned investors to expect a crisis in world stock markets, global economic depression and despite volatility, skyrocketing gold & silver prices.
The following exclusive King World News video footage (below) obtained by our sources on the ground in Asia shows a massive line of customers in Thailand’s Gold District.
At the end of what turned out to be another wild week of trading in the precious metals markets, what is happening behind the scenes in the gold market is truly shocking.
Bullion banks have just taken losses on scarce physical gold, plus some hedge funds are also being caught in the short squeeze along with the bullion banks.
With many investors nervous about the volatility in the gold and silver markets, it’s time to relax and have a burger because the bull market has a long way to go. As one professional just noted, “It is difficult for me to believe that a three week rally is all we get from a 5+ year base.”
The nightmare for bullion banks continues as silver hit $30 in overseas trading and gold surged toward $2,100. The metals subsequently retreated from the highs and have turned negative in volatile trading.
