KWN warned yesterday that the gold market may correct and at one point today the price of gold had retreated to $1,400, but what is happening now is unbelievable.
Risks Are Now Substantial
June 26 (King World News) – Jeff Snider from Alhambra Partners: “LIBOR curve inverts for first time since 2008 (doesn’t mean we are repeating 2008, just that the negative risks are substantial). (See chart below).
Risks In The Global Financial System Are Now Substantial
Andrew Adams from Raymond James: “Gold has received a lot of attention lately, as it has finally done something after about seven years of drifting sideways. I wouldn’t want to chase it here, but it does look like an inflection point has been reached where dips are for buying. The metal has put in higher lows since late 2015 and if it does drop down closer to $1375-$1400 I think it would be worth taking a chance on. (See chart below).
Pullbacks In Gold Are Now Buying Opportunities
Weaker Dollar Helping Commodity Prices Too
Andrew Adams from Raymond James continues: “President Trump seems to be getting his wish for a weaker U.S. dollar, as the U.S. Dollar Index has fallen over the last week to break the uptrend that had been in place since last year. This is helping commodities like Gold and Oil priced in dollars. (See chart below).
US Dollar Just Starting To Break Down
UNBELIEVABLE: Germans Know How To Throw A Negative Yield Party
German 10-year bond yields reach a new record low yield, of -0.32%
New Record Low For German Bond Yields
Russia’s Gold Beginning To Shine
Bloomberg Opinion: “This month, the price of gold has soared by about 7% and has added about $7 billion to Russia’s international reserves (See chart below).
Russia’s Gold Is Beginning To Shine
More articles to follow…
In the meantime, other important releases…
Despite Pullback, One Man Says Gold May Retest Record High Of $1,921 CLICK HERE TO READ
A Bullish Catapult For Gold, Plus Big Buying In Physical Silver CLICK HERE TO READ
One Of The Greats Says This Will Be The Big Test For The Gold Market, Plus This Is The Message He Gets From Silver CLICK HERE TO READ
ames Turk – This Is What The Rocket Launch In Gold Means, Plus What To Expect Next CLICK HERE TO READ
CAUTION: Warning Signal Flashing Gold May Soon Correct To Consolidate Gains Even As Tidal Wave Of Money Pours Into Gold CLICK HERE TO READ
Michael Oliver worked directly with the Chairman of the COMEX in the 1970s bull market in gold and silver and he also called the 1987 stock market crash!
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