Bullion banks have just taken losses on scarce physical gold, plus some hedge funds are also being caught in the short squeeze along with the bullion banks.
With many investors nervous about the volatility in the gold and silver markets, it’s time to relax and have a burger because the bull market has a long way to go. As one professional just noted, “It is difficult for me to believe that a three week rally is all we get from a 5+ year base.”
The nightmare for bullion banks continues as silver hit $30 in overseas trading and gold surged toward $2,100. The metals subsequently retreated from the highs and have turned negative in volatile trading.
On the heels of another all-time high in gold and silver breaking above $28, look at who just predicted $4,000-$8,000 gold and $100+ silver.
Below is a small portion of a report issued by a man who is connected in China at the highest levels. What is most interesting is that he now believes that the price of gold is headed to $3,000.
With the price of silver hitting the highest level since 2013 and gold once again hitting a new all-time high, US dollar troubles continue.
On the heels of the price of gold surging well above the $2,000 level, Michael Oliver, the man who correctly predicted the price of gold would not pull back and would continue its aggressive surge, just warned King World News this may cause gold to gap $100-$200 higher.
With the price of gold surging another $30, prepare for a surge in gold stocks and a super surge in junior mining stocks, plus time for gold $2,000 hats.
With the price of gold surging above the $2,000 level, the shorts are getting squeezed once again as silver bulls prepare to attack $26.
This is certainly not a good sign.
Look at who just said gold may top $3,000…
As we kickoff the trading week, the short squeeze in gold appears to have legs, plus silver bulls close to regaining the upper hand.
Today the man who predicted the global collapse just warned a nightmare scenario is unfolding.
After a wild week in the gold and silver markets, Michael Oliver just issued this warning for investors in the gold bull market.
As we come to the end of a week when the price of gold hit a new all-time high, the bullion banks are caught in the mother of all short squeezes in the gold market.
This will end with a loss of confidence, plus look at what is underpinning gold’s surge.
Here is more fuel to turbocharge the secular bull market in gold.
With the gold market taking the world by surprise this year hitting a new all-time high close to $2,000 before pulling back, one of the most important interviews of 2020 has just been released with Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets.
On the heels of the Dow tumbling more than 500 points, RobinHood madness strikes again, plus the war in silver and a look at what just happened in the mining sector.
July 30 (King World News) – At this point, this says it all…
[CNW Group] – International Tower Hill Mines Files 2015 First Quarter Financial Results
[PR Newswire] – WUHAN, China, May 6, 2015 /PRNewswire/ — Kingold Jewelry, Inc. (“Kingold” or “the Company”) (NASDAQ: KGJI), one of China’s leading manufacturers and designers of high quality 24-karat …
[Marketwired] – and financial statements for more…
[CNW Group] – Sandstorm Gold Announces First Quarter Results
[PR Newswire] – Subsequent to quarter end, acquired 100% of the outstanding common shares of Gold Royalties Corporation (“Gold Royalties”). Gold Royalties had approximately C$2 million in cash and a portfolio of royalties on 12 mining projects located in Canada, including one royalty that is generating cash flow from gold production.
[PR Newswire] – ROSEBEL AND ESSAKANE CONTINUE GENERATING FREE CASH FLOW AS WESTWOOD RAMPS UP ACCORDING TO PLAN All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. Refer to the Management Discussion …
