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?
Look at what just happened in this country that is hyperinflating.
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 the price of silver is about to explode to $50.
Investors around the world need to buckle up because the Federal Reserve is preparing to unleash QE to infinity.
As the price of gold trades close to the psychologically important $2,000 level, it appears available physical gold is disappearing off the market. This may fuel the price of gold to new all-time highs.
Look at the historic setup in the gold and silver markets.
Fuel is being added to the fire and this is why gold is about to hit all-time highs.
People are broke, but look at what the heads of banks have decided to do.
The global economic crisis is rapidly deteriorating as available cash is also rapidly disappearing.
Here is yet another sign of economic collapse as the silver prepares to blastoff.
One of the most shocking things about the gold market is that despite the historically extreme bearish sentiment, the price of gold is breaking out all over the world. Take a look for yourself…
The price of gold continues trading at a record $100 premium in Shanghai because China may finally peg their currency to gold.
This sums up the endless frustration of investors in the gold space…
[PR Newswire] – (All dollar figures are in US dollars unless otherwise indicated) TORONTO, Aug. 27, 2015 /PRNewswire/ – New Gold Inc. (“New Gold”) (TSX:NGD) (NYSE MKT:NGD) today announces that the company has …
[CNW Group] – New Gold Announces Sale of El Morro Interest for $90 Million Cash and a 4% Gold Stream
[CNW Group] – Seabridge Gold Drilling Confirms Major Extension of KSM’s Deep Kerr Deposit
[PR Newswire] – TORONTO, Aug. 26, 2015 /CNW/ – Seabridge Gold today announced that this year’s first drill results from the Deep Kerr deposit at its 100% owned KSM Project in northwestern British Columbia have confirmed a substantial expansion of the deposit in an area being evaluated for low cost, underground block cave mining. Hole K-15-49 intercepted 483 meters averaging 0.43 g/T gold and 0.56% copper including a 250 meter
[Marketwired] – Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for August 2015 payable on September 23, 2015 to shareholders of record as of September 11, 2015. Gold Resource …
The hall for the Irbil Oil and Gas Exhibition this week was crowded with company displays, executives and investors. But conspicuously absent were international oil giants like Shell, Exxon-Mobil and Chevron …
In a story April 23 about energy policy, The Associated Press reported that five of New England’s six governors said they would work across the region while each state pursues individual projects. The …
CAPE TOWN (Reuters) – Oil firm Chevron said on Friday it has offered to supply South Africa’s electricity firm Eskom with excess diesel from its Cape Town refinery, to help run some of its generators. Steve Hegarty, the general manager for strategy at the oil major’s South African unit told parliament’s trade and industry committee that Chevron was able to produce diesel and store some supplies for the struggling power
In a story April 22 about a settlement involving an Arkansas oil spill, The Associated Press misspelled the last name of an Exxon Mobil Corp. spokesman. His name is Christian Flathman, not Christian Flatham. …
New England’s governors agreed Thursday to a mix of regional and state actions to cut persistently high energy costs. Five of the region’s six governors said they will work across the region while each …
At least 2,000 people, mostly Islamic State group jihadists, have been killed in Syria by a US-led air campaign in the past seven months, a monitoring group said Thursday. “At least 1,922 fighters from IS, mostly foreigners, have been killed since September 23, 2014 in raids and aerial attacks by the international coalition on IS positions and oil refineries” throughout Syria, the Syrian Observatory for Human Rights said. The toll
An expanded tax credit for wind-energy farms won initial approval from Nebraska lawmakers Wednesday despite arguments that the state shouldn’t invest in the industry. Senators voted 25-3 to advance the …
Exxon Mobil Corp has agreed to pay $5.07 million to resolve allegations it violated the federal Clean Water Act and state environmental laws in connection with a 2013 oil spill in Arkansas, the U.S. Department of Justice and Environmental Protection Agency said on Wednesday. The March 29, 2013 spill occurred after the rupture of Exxon’s Pegasus pipeline, causing about 3,190 barrels, or 134,000 gallons, of oil to flow through a
The Justice Department says two subsidiaries of Exxon Mobil have agreed to pay almost $5 million in government penalties for a 2013 oil spill in a central Arkansas community. As part of a consent decree …
WASHINGTON (Reuters) – President Barack Obama on Tuesday proposed a 30-year agreement to cooperate with China on nuclear power, a deal that would allow the transfer of material, reactors, components and technology between the two nations, if approved by the U.S. Congress. (Reporting by Roberta Rampton and Jeff Mason!)
