Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, communicated to King World News that an emotional 24 hours of trading ushered in a $100 trading range in the gold market.
King World News repeatedly reported in recent weeks that the price of gold was headed to a new all-time high. Well, the price of gold soared in overseas trading, hitting $2,152 at one point. The buying was so intense in the gold market and the upside action so violent that it required the Fed’s massive trading room to intervene before the price would back off. The price of gold, however, continues to trade above the previous all-time high. Look at what is happening, but first, a quick note from Michael Oliver.
On the heels of gold surging to all-time highs hitting $2,138 at one point, it appears that hope everything is okay with the global economy and banking system is beginning to die. But the rise to the upside for the gold market is just beginning.
Today the spot price of gold hit an all-time high as the price of silver continued to surge along with the mining stocks.
After gold ended at the highest monthly closing price in history in November, the price of gold is now only $7 from making a new all-time high.
Russia is going to preside over the BRICS starting in January and will push for a gold-backed currency that will be a global game-changer.
Two important collapses are taking place as the price of silver continues to surge and gold threatens its all-time high.
King World News readers around the world need to purchase physical silver before the public starts stampeding into the market to buy sending the price hundreds of dollars higher.
Today the top trends forecaster in the world predicted that as investors across the globe continue to dump dollars, the price of gold will soar.
Today 53 year market veteran James Turk told King World News these are the key levels to watch for gold and silver as they blastoff and begin their journey to all-time highs.
On the heels of the recent historic despair that engulfed the gold, silver, and mining share markets, look at what is unfolding.
Today 50 year market veteran James Turk told King World News that the recent surge in gold and silver has them ready to blastoff to the upside. This upside blast will include the mining shares.
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that the death of the global financial system is at hand.
The bullion banks are becoming increasingly concerned about their short positions as the price of gold closed very close to a major upside breakout above $2,000 and the price of silver continues to surge toward the $25 level.
With the price of gold closing the week above $2,000 and silver surging to $24.40, next week may be a huge surprise for gold and silver investors!
Top Citi analyst from Citi says gold is on the cusp of a major breakout that will send the price to an all-time high.
Despite the extreme bearish sentiment and historic capitulation in the mining space, it is finally time for gold, silver, and mining stocks to be unleashed to new all-time highs.
The world is in danger of a super spike in the price of oil that would create even more inflation. This would of course be extremely bullish for the gold and silver markets.
Look at who is remaining bullish on gold, silver and commodities as 80% of US households are now in worse shape than they were pre-COVID.
If everything is okay with the economy, why is the price of gold surging $22 and back above $2,000, and this indicator collapsing near on the lowest level seen since the 1990s?
[Marketwired] – Gold Resource Corporation today announced the appointment of Mr. John Labate as the Company’s Chief Financial Officer . Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, …
[PR Newswire] – LAKEWOOD, Colo., Sept. 9, 2015 /PRNewswire/ — Pershing Gold Corporation (NASDAQ: PGLC), (FWB:7PG1) (“Pershing Gold” or the “Company”), an emerging Nevada gold producer, announces that …
[CNW Group] – Pershing Gold to Present at Rodman and Renshaw Investment Conference
[CNW Group] – First Majestic Renews Share Repurchase Program
[Marketwired] – Fortuna Silver Mines, Inc. is pleased to report updated Mineral Reserve and Mineral Resource estimates as of December 31, 2014 for the Caylloma Mine located in Arequipa, Peru and for the San Jose Mine …
NEW YORK (TheStreet) — The gold price had a positive price bias during the Far East trading session—and that lasted until the price got to the $1,175 spot price mark—and then it traded sideways until the 8:20 a.m. EST COMEX open—and that was that. There was a bit of a bump at the London p.m. gold fix—and the low tick came at 4:15 p.m. in electronic trading. The high and
[GlobeNewswire] – CHICAGO — Coeur Mining, Inc.’s (“Coeur” or the “Company”) President, Chief Executive Officer, and Director, Mitchell J. Krebs, will present at the ROTH Conference in Dana Point, California …
NEW YORK (TheStreet) — After a little bump up at the 6 p.m. open on Thursday evening in New York, the gold price chopped sideways in Far East trading on their Friday morning before developing a negative bias starting around 1:30 p.m. Hong Kong time. There was a bit of rally once the a.m. London gold fix was in at 10:30 GMT—and from there it traded flat until JPMorgan’s HFT
NEW YORK (TheStreet) — It was another day where gold rallied in Far East trading until 1 p.m. Hong Kong time—and then then the not-for-profit sellers showed up, with an interim low coming at the 10:30 a.m. GMT morning gold fix in London. It rallied a bit from there—and really took off to the upside the moment the London p.m. gold fix was done for the day. That rally got
NEW YORK (TheStreet) — It was a nothing sort of day in the gold market on Wednesday. The high, such as it was, came shortly after 2 p.m. in Hong Kong trading—and then it was a long, slow slide during the London and New York trading session. The gold price dipped under the $1,200 spot mark on a couple of occasions, but managed to close above it, but only by
[PR Newswire] – TSX: GPR NYSE MKT: GPL VANCOUVER, March 4, 2015 /PRNewswire/ – GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE MKT: GPL; “Great Panther”; the “Company”) today reported financial results …
By Anna Driver HOUSTON (Reuters) – Shareholders of the top two U.S. oil companies on Wednesday rejected proposals to add directors with climate change expertise to their boards, but a measure passed at one, Chevron Corp, could give new power to minority investors with environmental concerns. Proposals to add an independent director with expertise in climate change received the support of about 20 percent of shareholders at each company, according
Shareholders are considering whether Exxon Mobil should put a climate-change expert on its board. That is one of several environmental and company-governance resolutions on the agenda at the oil giant’s …
The Obama administration issued new rules Wednesday to protect the nation’s drinking water and clarify which smaller streams, tributaries and wetlands are covered by anti-pollution and development provisions …
Nearly 7,000 people in Canada’s Alberta province have been evacuated from the path of wildfires which threaten to ravage homes and businesses, including oil refineries in the region, officials said Tuesday. More than 1,600 firefighters are battling the 70 wildfires, 55 of which were sparked by lightning on Sunday. Fire has creeped to within 20 kilometers of homes or oil facilities, Alberta Forestry Minister Oneil Carlier said during a telephone
Absolutely, says the U.S. Department of Energy in a new report that details the benefits of replacing fossil fuel power plants with millions of wind turbines generating carbon-free electricity. Fossil fuel power plants consume huge amounts of water for cooling. If wind supplied a third of the nation’s electricity by 2050, it would save an estimated 260 billion gallons of water a year.
Iran will raise gasoline prices by some 40 percent beginning Tuesday, the country’s official news agency reported, the latest cut to the Islamic Republic’s fuel subsidies that cost it some $32 billion …
WASHINGTON (AP) — U.S. defense officials say Iran has entered the fight to retake a major Iraqi oil refinery from Islamic State militants.
French oil major Total is hosting a meeting of the world’s biggest oil companies over the sector’s action plan ahead of U.N. climate talks in Paris at the end of the year. Officials from Royal Dutch Shell, Saudi Aramco, Norway’s Statoil, BG Group and Italy’s Eni are in Paris to “work on an initiative” highlighting the oil & gas sector’s position in the global debate on climate change, several company
TOKYO (AP) — Prime Minister Shinzo Abe’s offer of $110 billion in fresh infrastructure financing for Asia is as much about Japan’s agenda for selling its clean coal know-how and other technologies as it is about keeping up with China.
UNITED NATIONS (AP) — A new report calls for investment in clean energy to be tripled to $1.2 trillion annually through 2030 to give more than one billion people worldwide access to electricity and help prevent global warming.
