It appears that we now have the fewest stock market bears since January of 2022. The public has also piled in on the long side and that certainly won’t end well but gold will shine.
The “Everything Bubble” Has finally popped and it will get much worse from here. One thing is certain, the trading will get more violent from here.
With the US dollar and gold moving higher today, look at who is buying gold right now and how this will impact the price.
We are now in the calm before the storm, the prelude to a true panic, which is why this type of move into gold has occurred only twice in the last 50 years. Gold senses the mayhem that lies ahead.
Today James Turk told King World News that the debt ceiling suspension is similar to Nixon taking the US off the gold standard and this will have dire consequences.
As people continue to digest breaking news from around the world on Memorial Day, years ago the Godfather of newsletter writers, Richard Russell, discussed the war to inflate, the horrors of war and what he was telling his subscribers to do. Included in this piece is one of the most tragic images you will ever see.
The war on inflation is creating even more inflation and that is extremely dangerous policy at this moment in history.
Today Nomi Prins, who has given keynote speeches to the World Bank, IMF, Federal Reserve, and many other prominent institutions, told King World News that the US is in fact a giant Ponzi scheme and gold will be $3,500 next year.
With silver rebounding sharply today, Stephanie Pomboy says manipulators are trying desperately to keep the price of gold below $2,000 for a reason.
The big question on everyone’s mind is, will the US suffer a credit rating downgrade? Below there is also a look at the gold takedown and a few other surprises.