Sunday, July 30, 2017

The World Will See Skyrocketing Gold & Silver Prices

"Everyone is focused on the mania in stocks that comprise the Dow and Nasdaq, but the world will see skyrocketing gold and silver prices.
Dow to Gold Ratio – 100 Year Historical Chart
MacroTrends:  This interactive chart tracks the ratio of the Dow Jones Industrial Average to the price of gold. The number tells you how many ounces of gold it would take to buy the Dow on any given month. Previous cycle lows have been 1.94 ounces in February of 1933 and 1.29 ounces in January of 1980..."
at http://kingworldnews.com/the-world-will-see-skyrocketing-gold-silver-prices/

Chinese Gold-Backed Currency To Be Unveiled As This Major Market Surges

"Today one of the top money managers in the world told King World News that the Chinese will unveil a gold-backed currency as this major market surges…
Stephen Leeb:  “As we approach the end of July, gold has eked out a 2 percent gain for the month. Not bad, but considerably below the 8 percent gains in commodities like oil and copper. The point, however, is that trends in all commodities are linked to each other and to gold (which is both a commodity and a currency-in-waiting). I like all commodities here, and that’s a big reason for liking gold – which, as I said in last week’s interview, has likely bottomed as China’s financial markets have become more open and transparent…"
at http://kingworldnews.com/chinese-gold-backed-currency-to-be-unveiled-when-this-major-market-surges/