After a week that saw the price of gold and silver rally, despite the pullback on Friday, this could turn out to be the mother of all short squeezes in the gold market.
Mother Of All Short Squeezes
August 5 (King World News) – Alasdair Macleod: You hold gold and silver, and it’s got to be physical, as an insurance policy against the whole fiat currency system collapsing. Based on the evidence that we are now seeing we are getting very close to that fiat currency system falling over. So you are taking a cue from the central banks, and I’m not talking about the big guys, I’m talking about those little central banks who squirreled away 59 tonnes of gold in July to add to their reserves. They know what they are doing. They understand the mess that the Fed, the Bank of England, the ECB, and the Bank of Japan have gotten themselves into and they don’t want to go down with them. So I think we have the mother of all short squeezes in prospect. Interesting…to continue listening to Alasdair Macleod discuss the mother of all short squeezes in the gold market CLICK HERE OR ON THE IMAGE BELOW.
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