We Are Still Facing Major Economic Problems
As we kick off another trading week, we are still facing major economic problems regardless of how the stock market trades.
On the heels of a reversal that saw gold and silver prices tumble from overnight highs, one of the greats in the business took a look at the big picture.
As we kick off another trading week, we are still facing major economic problems regardless of how the stock market trades.
The world is openly and objectively tilting toward disaster.
Today one of the top money managers in the world warned JP Morgan’s gold derivative short position may be larger than all the bank’s assets. He then pondered the ramifications for JP Morgan if the price of gold shoots up $1,000. Take a trip down the rabbit hole of what Leeb called the “open secret” in the gold market.
Gold breakouts are everywhere as bank crisis now set to accelerate. Meanwhile don’t even ask what is happening with available physical gold and silver which is being swept off the market.
Here is a look at gold, the Great Credit Unwind and Fed Pivot, plus a look at silver.
This week the price of gold broke above $2,000 once again as the banking crisis continues and the Dow trades near its recent low.
Billionaire Pierre Lassonde warned King World News “it’s not going to be pretty this Fall.” 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 former 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
Here is a chartapalooza that puts the big picture in perspective for silver. The potential upside is massive.
Here is a chartapalooza that puts the big picture in perspective following the bank runs and subsequent bailouts.
This is a fascinating look at what is happening with high income individuals who are choosing to rent instead of buying.
The most important chart of 2023 will blow your mind. Make sure you take a long look at this chart.
The great rotation out of global stock markets has already begun. Here is where the money is going.
Legend Richard Russell warned every fiat currency in the world would be destroyed. Below is the warning Russell wrote along with many other amazing predictions.
With stagflation engulfing world economies gold continues to shine with a powerful upside breakout as banking worries persist.
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that people better have an escape plan because the global financial system has started to collapse.
Today the man who has been trading markets for over half a century warned the US dollar may collapse in 2023.
On the heels of continued chaos erupting as banks were imploding, it’s going to get much worse as the collapse will spread to currencies and gold shines.
The squeeze in the gold market continues with the price of gold surges near the $2,000 level as fear engulfs global banking system.
Banking solvency issues are becoming apparent al over the world and the backstop guarantee is worthless.
Here is the big picture for gold after bank collapses in Europe and the US.