EUROPEAN ANALYST: Is An Epic Gold Short Squeeze In The Cards?
One European analyst just warned, is an epic gold short squeeze in the cards?
One European analyst just warned, is an epic gold short squeeze in the cards?
This major indicator has now reached one of the most extreme levels in 60 years.
With stocks tumbling along with crude oil and the US dollar, the price of gold is surging, but this is what the world is nervously watching right now.
With oil surging along with stocks and the dollar, today today the top trends forecaster in the world warned that we are on the edge of a full-blown global economic and financial meltdown.
With the Dow hitting new all-time highs and bonds breaking down, gold and oil are on the verge of major breakouts.
With the Dow hitting new all-time highs, the price of oil trading near $75 and gold over $1,200, this is the stuff legends are made of.
Today one of the greats said the move in gold, silver and the miners may be real and much bigger than people expect.
In early trading the price of gold spiked $17 and silver surged 40 cents as record speculative short positions are now being tested. If a short squeeze unfolds, the price rise should be quite dramatic. In fact, a legend who is connected in China at the highest levels told King World News that the price of gold may spike to $1,375!
The last time we saw this was just before the stock market crash in 2000…
As we kickoff the first week of trading in October, today marks a historic first. Plus the chart that no one is talking about.