Even with the stock market rallying, the short squeeze in the gold market is intensifying, a look at silver, new math, plus where is “THE” bottom?
Gold Short Squeeze Intensifying
April 14 (King World News) – Alasdair Macleod: “With spot gold over $1700 squeeze on bullion bank traders is intensifying.”
Holger Zschaepitz: “Gold jumps to 7.5 year high on investor demand. Holding in Gold ETFs hit fresh all-time high at 2,893 tons. (See below).
Ole Hansen, Head of Commodity Strategy at Saxo Bank: “Silver breaking higher to target its next big level at $16/oz. It highlights the relative strength of the recovery from the March collapse. A break above $16 would signal a final rejection of that selloff. Not saying it will stop there, rather the opposite. (see below).
Silver Breaking Above $16 Will Accelerate Upside Gains
James Turk: “My $1910 target for June 2020 gold by end of April still on track. No guarantees of course, but gold has a head of steam pushing it. (See below).
Gold May Spike Violently To $1,910
James Turk continues: “And rightly so given all the money printing and growing counterparty risk on fiat denominated bonds & bank loans. See JPM big loan loss provision today.
Sven Henrich: “New math: 5% market rally for every 5 million new unemployed.”
Where Is “THE” Bottom?
Stephanie Pomboy: “For those wondering how long it will be until we see “THE” bottom in stocks, the answer is: a long LONG time (and a lotta lot lower) from now!”
Peter Schiff: “If you think the price of gold is expensive now that its above $1,700 wait another week and see how expensive it is. In relation to the amount of money the Fed has already printed, and the amount it’s about to print, gold at today’s price is one of the best bargains one can buy.”
Did You Miss Kirkland Lake Gold’s 50-Fold Share Price Increase?
Kirkland Lake Gold Skyrocketed From $1 To Over $50!
Two Billionaires Just Bought Huge Stakes In The Next Kirkland Lake Gold!
To find out which company two legendary billionaire investors just bought huge stakes in that they believe will be the next Kirkland Lake Gold click here.
To listen to Egon von Greyerz discuss the endgame click here or on the image below.
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