Gold Exports From U.S. – Something Big Is Happening
by SRSRoccoReport.com
Most Americans didn’t realize it, but something BIG changed in the U.S. gold market in the beginning of 2017. While precious metals sentiment and buying in the U.S. has dropped off considerably in the first quarter of 2017, the East continues to acquire gold, HAND OVER FIST.
Today James Turk told King World News that the price of gold will soon skyrocket like the parabolic Bitcoin chart.
“Currencies Continue To Be Debased”
James Turk: “I can’t count the number of times have we seen disheartening downdrafts
A note from JP Morgan economists on this morning’s release of the Personal Income and Outlays report for March, in which both the consumption and inflation measures arrived weaker than expected (our bold):
The odds of additional interest-rate increases by the end of the year have been falling significantly. In fact, there is currently a 24% chance that there will be NO MORE rate hikes this year, according to Bloomberg (which uses Fed Funds futures to determine the probabilities). On April 7th, the odds of no additional hikes this year were only around 10%. The increased odds of the Fed staying on the sidelines through year-end reflect the following:
There’s this notion put forth by the majority in the precious metals community that the Fed and Central Banks control the market price of gold.
With more numbers coming from the French Interior Ministry, as of 11:31 p.m. local time Macron's lead is growing to 23.61% as more city votes are counted, vs Le Pen 22.20%, with 41 Million votes counted, or 85.4% of the total. The gap is likely to expand as the final votes are tallied.
As the Dow continued to decline in the early stages of the second quarter of the 2017 trading year, today King World News spoke with the man who advises the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world and he warned investors to brace for global market shock.
– Bank of England implicated in LIBOR scandal by BBC
– “We’ve had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower.”
– “This goes much much higher than me” -UBS’ Tom Hayes
Fed trying to give economy ‘some gas,’ but not too much
She sees economy continuing to grow at moderate pace
Federal Reserve Chair Janet Yellen said the U.S. central bank’s task has shifted from a post-crisis exercise of healing the economy to one aimed at holding on to progress made.
Today James Turk told King World News that a massive short squeeze is about to send the price of gold soaring.
Major Problems For Gold Shorts
James Turk:
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Thursday, May 11, 2017 at 09:16PM