Today one industry professional warned the US dollar is now in a waterfall decline as the price of gold nears its all-time high, plus one hell of a scary chart.
It has become clear to investors around the world that the global economic collapse will not see a recovery. This has the price of gold has surging to the $1,900 level, within dollars of the all-time high.
Today King World News interviewed Bill Haynes, the man who has run the oldest and largest gold and silver dealer in the United States for 48 years. Here is what he told KWN about what is happening on the retail side of the business, which he says is at record levels.
Silver’s big move is gaining the attention of investors around the world but you haven’t seen anything yet. Take a look at this…
Today the price of silver is soaring once again and the gold bull continues to be unleashed.
Look at what is fueling the rally as the gold and silver markets remain on a tear.
Trading on the Japanese TOCOM has kicked off with a bang so far in early trading as the price of silver has spiked another 6%, nearing the $23 level.
The last time the silver price did this was 10 years ago!
Today Alasdair Macleod spoke with King World News about the real reason why silver is up over 6% today, plus gold sees massive breakout.
With the price of silver surging $1.22, now trading above $21 and gold breaking out, gold will now test the all-time high, new silver target, and mining stocks – you haven’t seen anything yet.
On the heels of silver breaking out, US dollar worries are sending the price of gold higher.
As the price of silver breaks out today, a massive short squeeze may be in the works as Sprott Silver Trust has just filed to raise $1.5 billion to purchase physical silver, which is a jaw-dropping 8.8% of annual global production.
Gold has now broken out! Silver is attempting to break out, how times have changed, plus a stunning chart.
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned investors there is a massive shortage of physical gold in the futures markets and LBMA system.
Bullion banks desperately need a big shakeout in the gold market as their gross short position in the gold market is now at a record $38 billion, plus a major turning point for silver bulls.
Today one of the top money managers in the world told King World News that China has been accumulating silver for years as both gold and silver are finally breaking their chains and heading toward an upside mania.
Today James Turk told King World News gold is now on the verge of a major breakout that will send the price spiking to $1,900.
With the price of gold above $1,800, investors are seeking shelter from the economic storm and may be standing for delivery. Plus debt bomb and another all-time record.
On the heels of today’s pullback in the gold and silver markets, it is a good time to learn from the wisdom of Jesse Livermore.
As we continue trading in the back half of 2020, gold bears have been surprised, this is approaching 2008-2009 collapse levels, plus US dollar troubles.