With everyone concerned about the recent action in global stock markets, they should be worried because all 5 major central banks are going to turn off liquidity, which has fueled stocks and other reckless speculation.
On the heels of the stock market decline and rally in gold, here is an important look at gold, stocks and the U.S. dollar.
With the Dow plunging 372, the Nasdaq tumbling 157 or 2.56%, the US Dollar Index breaking well below the psychologically important 98 level, and gold surging more than $20, today a legendary short seller warned the stock markets will accelerate to the downside, but gold will see buying.
With the price of gold rising more than $20, today James Turk told King World News that we may now be in the early stages of a massive short squeeze in the gold market.
With the U.S. Dollar Index tumbling to 98, here is what is pushing the gold and silver markets higher today.
In case anyone was wondering what the Chinese government is thinking, they are about to unleash a new global monetary system.
Today James Turk told King World News that the gold and silver shorts took a big gamble and might lose their ass.
With the Dow rallying along with crude oil, gold and silver, today John Embry spoke with King World News about the gold and silver markets and also warned that cracks are showing everywhere in the global financial system.
As we get ready to kickoff the second week of trading in May, today the man who has become legendary for his predictions on QE, historic moves in currencies, spoke with King World News about when all hell is going to break loose, plus a rare behind the scenes look at the gold market.
Legend Warns – Here Is What Is Really Terrifying About This Mania