Gold Open Interest Has Collapsed To Lowest Level In More Than 5 Years!
Gold’s Open Interest has collapsed to the lowest level in 5+ years! Here is a look at what is happening behind the scenes in the war in the gold and silver markets.
Today Nomi Prins, who has given keynote speeches to the World Bank, IMF, Federal Reserve, and many other prominent institutions, and who also correctly predicted that the price of gold would hit $2,500 in the middle of 2024, told King World News that investors should buckle up for some wild trading in global markets in 2025, and the price of gold may hit $5,400+ during this rate cycle!
Gold’s Open Interest has collapsed to the lowest level in 5+ years! Here is a look at what is happening behind the scenes in the war in the gold and silver markets.
Today James Turk told King World News that the price of silver just had an important breakout. Take a look…
Here is a look at today’s epic tech bubble chart of the day! Plus a look at real estate and shipping costs.
Gold is close to a historic breakout vs the US dollar as $2,000 continues to be a floor, but take a look at this…
The US financial war against China is heating up and this will have a big impact on the US dollar and gold.
There is a major liquidity crisis brewing. Look at how this crisis is going to impact markets.
With gold futures tumbling to the $2,000 area, currently trading down over $27 to $2,005, and silver weakened to just above the $22 level, the mining stocks have been hit hard today. Remember, always focus on the big picture when there are periods of significant volatility.
Inflation remains a big problem as Fed rate cut projections tumble and yields on the US 10-Year Treasury surge. May test 5% again this year.
lways take a step back a focus on the big picture during times of volatility. Here is the big picture for gold and silver.
Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, communicated to King World News that the action in gold miners is now mirroring the 2016 bear market low. That was a fantastic time to be a buyer as the mining stocks then soared 200% in just 6 months.