In the aftermath of last week's historic Swiss move, today the Godfather of newsletter writers, 90-year old Richard Russell, proclaimed that the gold bull has just spit in the Fed's face by breaking out of its massive base, even as the worldwide depression continues to grind on. Richard Russell: “The world depression has settled down on mankind. In the meantime every nation is struggling to[...]
Tag: palladium
A Perfect Storm: Brace Yourself for an Epic Economic Meltdown
By James Rickards Over the coming months, I believe we could see an economic meltdown at least six times the size of the 2007 subprime mortgage meltdown. Circumstances lead me to believe it could play out like the meltdown I experienced in 1998 after Long-Term Capital Management (LTCM) failed. This time, however, there will be several crucial differences that will leave investors and[...]
The Market Gage – Gold and Silver Continue to Soar Overnite
January 21, 2015 “The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals. Gold and silver continued their impressive run overnight as gold broke above $1,300.00 for the first time since August while silver flirted with $18.50. Silver has really been the star of 2015 for[...]
Panic At Davos After Swiss Move As Bank Runs Accelerate And Financial System Begins To Implode
Today a man who has been uncovering critical information for 25 years told King World News there is panic in the air at Davos as the shocking Swiss move has bolstered record attendance at a time when the bank runs in Europe are accelarating and the global financial system is beginning to implode. Eric King: “Steve, as you know there is going to be record attendance at the meeting in Davos and[...]
Boom: The Crashing Price Of Oil Is Going To Rip The Global Economy To Shreds
"If you were waiting for a “black swan event” to come along and devastate the global economy, you don’t have to wait any longer. Currently, the price of U.S. oil is sitting at $45.76 a barrel. It has fallen by more than 60 dollars a barrel since June. There is only one other time in history when we have seen anything like this happen before. That was in 2008, just prior to the worst[...]
The Market Gage – Precious Metals Experience Active MLK Trading Day
January 20, 2015 “The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals. The physical corner of the precious metals world had a very active MLK trading day as investors took the opportunity to buy a slight dip in prices as compared to Friday’s closing levels and an early[...]
Has A Loss Of Confidence After Yesterday’s Swiss Fiasco Started A Run On Gold?
With the price of gold and silver soaring, particularly in euro terms, many are beginning to wonder if a loss of confidence after yesterday's Swiss fiasco has started a run on gold? Whatever the case may be, the following piece takes a trip down the rabbit hole of government and central bank lies, manipulation, loss of confidence, and eventual panic. By John Hathaway January 16 (King World[...]
Russell – Buy Gold And Silver While It’s Still Available As China To Back Yuan With Gold
January 15, 2015 With enormous volatility in global markets and crude oil rallying almost $3, today the Godfather of newsletter writers, 90-year old Richard Russell, covers everything from China moving to back the yuan with gold to a huge surprise for global stock markets. Russell also urges readers to buy physical gold and silver while they are still available. Richard Russell: “In almost[...]
Market Expert Marc Faber: Gold Will Rally 30% in 2015 – Savvy Players Set for Huge Gains in Precious Metals
LONDON (MarketWatch) — Gold has absorbed its fair share of the commodities-market blows in recent years, but now is the time to move back into the precious metal, according to superbear Marc Faber. ‘[T]he only way to short [central banks] is to go long gold, silver and platinum. ... That’s something I will do.’ - Marc Faber “I’m positive [that] gold will go up substantially [in[...]
Gold And Silver Markets Now Set For Spectacular Surge
With gold trading near $1,240 and silver above $17, it now appears both of these markets are setting up for massive moves to the upside. Included in the piece below is a key illustration as well as an important first target for the upside advance in the price of gold. Below is top Citi analyst Tom Fitzpatrick's key chart showing the breakout in gold along with his commentary which includes an[...]