January 7 (King World News) – In overseas trading the price of gold has surged $36 above $1,610 and crude oil is soaring 5% on news of an Iranian missile attack on US forces in Iraq.
The gold market is hitting the highest level since 2013 and Dow futures also tumbled more than 440 points as war in the Middle East escalates. Weak-handed shorts in the gold market are getting badly squeezed even as the strong commercial short positions have hit an all-time record (see below).
Commercial Short Positions In Gold Hit All-Time Record
King World News will keep readers around the world updated on any breaking developments as the story unfolds.
One of Gerald Celente’s greatest audio interviews ever discussing the Middle East conflict has been released and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.