HISTORY IS BEING MADE: Gold/Oil Ratio Shatters All-Time Record Once Again!
History is being made during this crisis as the Gold/Oil Ratio just shattered the all-time record…again!
History is being made during this crisis as the Gold/Oil Ratio just shattered the all-time record…again!
On the heels of reading the KWN article stating interest rates have now gone negative in the US, Pierre Lassonde made a prediction about where the gold price is headed.
On the heels of the Dow tumbling 2,000 points and the price of crude oil plunging $5 to $21 a barrel, it has finally happened — we now have negative Treasury rates in the United States!
Today one of the greats in the business said the long term case for gold has strengthened in light of the current chaos and that the recent headwinds will not persist.
Albert Edwards warned investors to brace for a retest of the 2009 lows as the crash in the stock market continued with the Dow collapsing another 3,000 points (12%)! More wild trading took place in the gold market, which saw a jaw-dropping $124 range today as physical gold shortages are now appearing.
In the midst of another wild trading day in global markets, reports of physical gold shortages are being reported, plus a look at panicked markets.
On the heels of the Fed lowering interest rates to zero and promising to inject $700 billion of QE, and the world continues to edge closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that the collapse of the global financial system is imminent.
On the heels of the recent plunge in the gold and silver markets and collapse in the mining stocks, today legend Pierre Lassonde spoke with King World News about the recent carnage as well as what he is doing with his own money right now as well as where he believes the price of gold is headed from here.
Lassonde is arguably the greatest company builder in the history of the mining sector. He is past president of Newmont Mining, former chairman of the World Gold Council and current chairman of Franco Nevada. Lassonde is one of the wealthiest, most respected individuals in the gold world, and as always King World News would like to thank him for sharing his wisdom with our global readers during this critical period in these markets.
In light of the recent carnage in the gold sector, I reach out to legend Pierre Lassonde to discuss the carnage as well as where the price of gold is headed and what investors should expect from here. That interview will be released immediately, but in the meantime, look at this….
Below is a fascinating email from KWN reader about what is unfolding.
With the Dow attempting a countertrend rally and the US dollar rallying on Friday the 13th, here is an important update on the gold market.
The global Coronavirus panic and stock market crash continued today with the Dow falling another 2,352 points or a staggering 9.26%. Here is an important look at the market panic as well as gold.
It’s been a wild trading day but take a look at this…
Fed not QE reverses some of today’s massive market losses.
On the heels of the Dow tumbling nearly 1,500 points in another day of panicked trading, 7 time Graham & Dodd Award winner and Chairman of Research Affiliates, Rob Arnott, warned 1 million people are infected with the Coronavirus and 30,000 have already died from this pandemic.
On the heels of the Dow tumbling more than 1,000 points in another wild day of trading, look at what is happening with the Bank of England’s gold.
On the heels of more wild trading in global markets from bonds to stocks, crude oil and more, one of the greats just told investors to embrace the chaos.
On the heels of the Dow wiping out a more than 900 point gain before turning around and rallying more than 900 points, while the US dollar and oil rally, here is a gold update, plus look at what just spiked the most since the oil related blow up in 2016.
Yes, the stock market has been collapsing, but with gold remaining strong and the price of crude oil collapsing, the Gold/Oil Ratio is skyrocketing!
On the heels of the Dow plunging along with oil and the US dollar, here is the chart of the day for the gold bulls, plus carnage alert as a bloodbath unfolds in the oil patch.
[Business Wire] – Newmont Mining Corporation today announced that it has agreed to sell 29,000,000 shares of its common stock to Citigroup and J.P. Morgan, each of which will act as underwriters for the offering, for total gross proceeds of approximately $682 million.
[CNW Group] – Agnico Eagle Provides Exploration Update on Two Projects – Amaruq’s Whale Tail Zone Expands and Infills; Drilling Extends Known Zones at El Barqueno; Soltoro Deal Closes
[PR Newswire] – TORONTO, June 9, 2015 /PRNewswire/ – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) (“Agnico Eagle” or the “Company”) is pleased to report additional results from the 2015 Phase 1 exploration …