Today the man who is connected in China at the highest levels predicted that, despite continued shenanigans in the paper market, the price of gold will surge $360 by the end of the year.
More bad news as we continue to kickoff trading in what could turn into an October to remember. The situation is becoming catastrophic for tapped out consumers as the crisis has gone from bad to worse.
As we continue to kickoff trading in the month of October, this global ticking time bomb is about to be unleashed which could make this October one to remember.
As we kickoff trading in what could be a very wild month of October, global markets are still nervous as the US Government shutdown looms. Plus “Rent (still) too damn high.”
King World News will continue to focus on the big picture during this period of orchestrated volatility in the gold and silver markets. With that in mind, here is an important update on gold, commodities and inflation.
Today the top trends forecaster in the world warned “this is going to unravel really big.”
On the heels of the US Dollar Index closing above the major upside breakout level of 106, the gold market now “has all the hallmarks of a capitulation,” even though it may get worse before it gets better.
As we head into October, the timing seems almost perfect for yet another major financial crisis seems almost perfectly timed.
As we get ready to head into what could be a wild month of trading in October, here is a look at gold, stocks, the Great Bond Bubble and the painful truth.
With the global economy continuing to weaken, this is going to trigger a rapid meltdown of the financial system.