Open interest in the silver market just collapsed to the lowest level in 15 years!
Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, sent King World News a note warning investors that the gold bull market is nowhere near its final climax.
It appears that the super wealthy still don’t own gold even as miners near blastoff. Astonishing!
What is happening behind the scenes in the gold market is quite unbelievable as paper players scramble to stay alive.
It appears the global elite orchestrated a shadow bailout to survive the $5,600 gold peak.
Today legendary investor Rob Arnott, who oversees $160 billion, spoke about how the silver/oil ratio reached insane levels.
On the heels of the crash in the silver market it appears that Open Interest in gold and silver have both hit historic lows!
Here is where the silver market stands after the crash.
The crash in the silver market has created a reverse panic – going from panic buying to panic selling. This is the exact type of environment where mistakes are made.
Despite recent volatility, it is central banks that are going to move the price of gold much higher.
Look at what is at one of the most undervalued levels in history.
