ALERT: If This Unfolds, It Will Create Shockwaves In A Hurry
If this unfolds, it will be create shockwaves in a hurry.
If this unfolds, it will be create shockwaves in a hurry.
As we kickoff the final day of trading in February, one of the top money managers in the world just warned that today’s takedown in the gold market is all smoke and mirrors because China is preparing to stun the world by reintroducing gold into the global monetary system.
On a day where new Fed Chairman Jerome Powell testified to Congress, gold and oil were hit, but here is the big question.
With the Dow surging 400 points on Monday as the US Dollar Index continued to struggle, today James Turk told King World News that a war is quietly raging in the silver market.
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.
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 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.