Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, sent King World News a very important note explaining exactly what is going to trigger a historic upside breakout in the silver market.
As the price of gold trades close to the psychologically important $2,000 level, it appears available physical gold is disappearing off the market. This may fuel the price of gold to new all-time highs.
Look at the historic setup in the gold and silver markets.
Fuel is being added to the fire and this is why gold is about to hit all-time highs.
People are broke, but look at what the heads of banks have decided to do.
The global economic crisis is rapidly deteriorating as available cash is also rapidly disappearing.
Here is yet another sign of economic collapse as the silver prepares to blastoff.
One of the most shocking things about the gold market is that despite the historically extreme bearish sentiment, the price of gold is breaking out all over the world. Take a look for yourself…
The price of gold continues trading at a record $100 premium in Shanghai because China may finally peg their currency to gold.
This sums up the endless frustration of investors in the gold space…
Worries continue to mount in Japan as costs of capital soars and trouble brews for the S&P 500.
