With the Dow and Nasdaq trading lower while crude oil and gold rally, formerly vocal gold bears are in hiding, a world of bubbles, plus the road to $1,800 gold.
Formerly Vocal Gold Bears Are In Hiding
August 9 (King World News) – Lawrence McDonald, Former Head of Macro Strategy Society Generale: “Choice: Gold or Negative Yield? With $6T of global debt in negative yield territory, formerly very vocal gold bears are in hiding.”
Who Needs A Credit Check?
Sven Henrich: “Do we still need credit checks and proofs of income? I mean, if the bank is paying me, maybe I should credit check them.”
A World Of Bubbles
Sven Henrich: It Is Different This Time
2000: FOMO chase 100 forward multiples in Nasdaq cause we will be richly rewarded
2007: FOMO chase homes to flip with variable rate mortgages cause we will be richly rewarded
2019: FOMO chase that 100 year bond cause we will get a negative return. Yay!
Gold vs Berkshire Hathaway
Charlie Bilello: “Returns over Last 20 Years… Berkshire Hathaway: +387% Gold: +488% (see below).
Gold Is Outperforming Berkshire Hathaway Over The Last 20 Years
This Will Accelerate Surge In Gold Price
Top Citi analyst Tom Fitzpatrick: “Momentum to the topside on Gold still looks strong and we retain our minimum target around $1,700 (if not an extension towards $1,800). Some consolidation around good resistance at $1,522-$1,527 is possible. However a break through this range should see the rally accelerate again. (See below).
ROAD TO $1,800 GOLD: Rise In The Price Of Gold Will Accelerate After Breaking $1,530
Astonishing Look At The Gold Market, Plus Jaw-Dropping Moves
READ THIS NEXT! You Won’t Believe What Is Happening In The Gold Market, Plus Historic, Jaw-Dropping Moves That Will Take Your Breath Away CLICK HERE TO READ
More articles to follow…
In the meantime, other important releases…
WARNING: A Major Sign Of Fear, Plus A Surprising Look At Gold & Gold Stocks CLICK HERE TO READ
ALERT: Tom McClellan Just Issued This Major Warning To Investors CLICK HERE TO READ
CAUTION: This Is How Crazy Financial Markets Have Become CLICK HERE TO READ
UNBELIEVABLE: Reckless Central Bankers Pushing The World Toward Gold, A Silver Lining, Plus One Heck Of A Collapse CLICK HERE TO READ
© 2019 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged