Here is a gold and silver update, plus a bad situation getting worse and don’t worry…everything is okay.

Gold & Silver
July 15 (King World News) – 
Ole Hansen of SaxoBank:  “Speculators sold gold (-24k lots to 217k) for the first time in seven weeks following the strong US job report but before Fed chair Powell in testimonies on Capitol Hill left the door wide open for a July 31st rate cut. (See chart below).

Speculators Reduce Gold Longs For First Time In 7 Weeks

Ole Hansen of SaxoBank continues:  “The silver long was cut by 29% (see chart below).

Silver Long Positions Reduced 29% This Week

We Promise Everything Is Ok
Holger Zschaepitz:
  “Good morning back from Germany where Target2 claims on course to €1 trillion. Rose in June to €942 billion (see chart below).

DON’T WORRY, EVERYTHING IS OK: Bundesbank Claims/Liabilities Within Euro System (Target2)

A Bad Situation Getting Worse
Sven Henrich:
  “In Q3 2007 debt to GDP was 62%, it is now 105%. (See chart below).

A BAD SITUATION GETTING WORSE? US Debt To GDP Now 105%…43% Higher Than 2007

King World News note: There was a short delay in the release of the latest audio interview with the man who helps to oversee more than $200 billion and you can now listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

James Turk – Why Silver Is About To Soar
READ THIS NEXT! James Turk – This Is Why The Price Of Silver Is About To Soar CLICK HERE TO READ

More articles to follow…

In the meantime, other important releases…

WARNING: Look At What Just Hit March Of 2000 Levels, Which Triggered The Stock Market Crash CLICK HERE TO READ

Greyerz – Here Is What Will Happen When Real Panic Begins To Unfold CLICK HERE TO READ

Another Bullish Gold Catalyst, Plus The “Light” At The End Of The Tunnel CLICK HERE TO READ

Big Picture Bullish For Gold But Look At What Hedge Funds Are Up To, Plus Chart Of The Week And Many Other Surprises CLICK HERE TO READ

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