Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, communicated to King World News that an emotional 24 hours of trading ushered in a $100 trading range in the gold market.
King World News repeatedly reported in recent weeks that the price of gold was headed to a new all-time high. Well, the price of gold soared in overseas trading, hitting $2,152 at one point. The buying was so intense in the gold market and the upside action so violent that it required the Fed’s massive trading room to intervene before the price would back off. The price of gold, however, continues to trade above the previous all-time high. Look at what is happening, but first, a quick note from Michael Oliver.
On the heels of gold surging to all-time highs hitting $2,138 at one point, it appears that hope everything is okay with the global economy and banking system is beginning to die. But the rise to the upside for the gold market is just beginning.
Today the spot price of gold hit an all-time high as the price of silver continued to surge along with the mining stocks.
After gold ended at the highest monthly closing price in history in November, the price of gold is now only $7 from making a new all-time high.
Russia is going to preside over the BRICS starting in January and will push for a gold-backed currency that will be a global game-changer.
Two important collapses are taking place as the price of silver continues to surge and gold threatens its all-time high.
King World News readers around the world need to purchase physical silver before the public starts stampeding into the market to buy sending the price hundreds of dollars higher.
Today the top trends forecaster in the world predicted that as investors across the globe continue to dump dollars, the price of gold will soar.
Today 53 year market veteran James Turk told King World News these are the key levels to watch for gold and silver as they blastoff and begin their journey to all-time highs.