ALERT: This Is The Surprise That Is Behind Today’s Action In Gold & Silver!
With gold and silver catching the bears by surprise, this is what is behind today’s action in gold and silver.
With gold and silver catching the bears by surprise, this is what is behind today’s action in gold and silver.
As we get ready to kickoff trading at the start of a new week, today the man who has become legendary for his predictions on QE and historic moves in currencies, told King World News that the terrifying conditions in Venezuela may spread to the West.
A very special silver alert was just issued, and it highlights an extremely rare occurrence in the silver market in 15 years!
On the heels of another wild trading week, the bullion banks have just covered more of their silver short positions, but here is the big surprise. More Short Covering In Silver! February 23 (King World News) – Commercials covered more short positions in the silver market (see chart below). More Short Covering In Silver! Gold You can see that commercials added a bit to their short positions in the gold market (see chart below).
With crude oil and stocks on the move as the US Dollar Index hovers just below 90, it appears that something is going to break.
With the Dow trying to hold the 25,000 level and the US dollar remaining weak, shades of 1987 foreshadows monster gains for gold and commodities.
With the US Dollar Index tumbling back below 90, look at who just warned the US Dollar Index may collapse “well below 70!” Needless to say, this would be wildly bullish for gold and silver prices.
On the heels of today’s reversal, which featured some wild trading, we haven’t seen this in 35 years.
With the price of gold repeatedly attacking a major breakout level, Jeff Saut’s partner at Raymond James just urged clients to keep a close eye on gold and the US dollar.
After what has been a chaotic start to 2018, gold’s historic mega-bullish breakout is close to unfolding!