Today was a Black Monday for the metals markets as the price of gold tumbled 4.5%, silver plunged over 7%, and platinum crashed 13.72%. Here is where things stand after a chaotic day of trading.
Nomi Prins, who has given keynote speeches to the World Bank, IMF, Federal Reserve, and many other prominent institutions, told King World News that China and Russia are going to use their massive gold hoards to form a new currency in the East that will challenge the US dollar.
Massive physical gold and silver deliveries from COMEX created a Friday short squeeze that sent the price of gold up nearly 3.5% and silver soaring nearly 8%.
Friday saw a huge day for gold, silver and the mining shares as gold surged over $50, silver $1.50 and the HUI Gold Mining Index soared 10%. Here is a look at what led to today’s massive upside move.
Below are some remarkable charts featuring gold and silver.
Investors around the world need to buckle up because The Great Unwind II will be catastrophic.
Russian leader, Vladimir Putin, sees a “tectonic” change in world order.
Today’s decision by the Fed to raise interest rates three quarters of a point sent gold and the US dollar on the move, but here are the big surprises.
Today Gerald Celente issued 3 major forecasts ahead of the Fed decision.
Physical gold demand is skyrocketing, plus China ending lockdowns?
The pace to a new global monetary system accelerates as the war in Ukraine is heats up.
The gold market is now at an extreme level last seen at the $1,050 historic bottom in late 2015.
This is the invisible crash that is unparalleled in history.
Investors need to get ready because the Fed will be pivoting back to QE and it will shock global markets.
Here is the big picture for gold and silver after today’s takedown.
Here is an important look at gold, global population and propaganda.
This is the second major update in two days for gold, oil, stocks and bitcoin.
Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, shared with King World News the fact that silver is now very close to a major upside breakout.
Here is a fascinating chart showing at least a $370 price target for silver, plus major economic trend forecasts issued by Gerald Celente.
China is close to a full-blown banking and currency crisis.
Look at these 5 stunning charts!
