We Haven’t Seen This In 50 Years
We have just witnessed something that hasn’t been seen in 50 years.
We have just witnessed something that hasn’t been seen in 50 years.
As the price of gold continues to trade above the key $1,300 level, what is really happening in the gold market is quite stunning.
As the price of crude oil trades near $65, Art Cash and Yra Harris discuss trouble brewing in Europe and Alice’s looking glass.
We are now seeing extreme readings. In fact, the last two out of three times this happened it top-ticked the stock market.
On the heels of stocks tumbling and gold surging, we have just witnessed something that hasn’t been seen in 46 years!
With the US Dollar Index hovering near 97, one of the greats in the business just said sub-$1,300 gold will be short lived.
With the price of gold attempting to surge back above the $1,300 level, James Turk told King World News that gold and silver are now close to breaking out but this may be the biggest surprise.
Apparently “China may have 30,000 tonnes of gold” as gold reenters the global monetary system.
As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies told King World News that investors should ignore the Fed engineered takedown in the gold market because the $1,350 Gold Maginot Line is going to fall.
On the heels of the recent takedown in the metals, the commercials have covered a large number of silver short positions. They have also covered some short positions in the gold market.