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In his whole career, former commodities trader Bill Murphy has never seen any market trade like silver is trading right now.
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In his whole career, former commodities trader Bill Murphy has never seen any market trade like silver is trading right now.
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Greg Hunter of USAWatchdog.com gives his take on the top stories of the past week in the Weekly News Wrap-Up.
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“It would be easy to picture silver going up by huge jumps – $10 in a day – for five or six straight days….That’s completely feasible,” says John Rubino of Dollar Collapse.
After hitting the key resistance level of $1360, gold became overbought, and corrected back down, Rubino says.
A currency reset is the only way out of our financial problems, Rubino says. The fundamentals of gold and silver are “outrageously bullish.” Plus, China, Russia, and India are buying massive amounts of gold.
Rubino sees if interest rates continue to rise, a bond market collapse could result. “A bond market crisis could set off a huge bull run for precious metals.” Since silver is such a small market, “It would be easy to picture silver going up by huge jumps – $10 in a day – for five or six straight days….That’s completely feasible.”
FINANCE AND LIBERTY:
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DISCLAIMER: The financial and political opinions expressed in this video are not necessarily of “Finance and Liberty” or its staff. Opinions expressed in this video do not constitute personalized investment advice and should not be relied on for making investment decisions.
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We are political scientists, editorial engineers, and radio show developers drawn together by a shared vision of bringing Alternative news through digital mediums that evangelize our civil liberties.
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We are political scientists, editorial engineers, and radio show developers drawn together by a shared vision of bringing Alternative news through digital mediums that evangelize our civil liberties.
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First, James Corbett demystifies the confusion between Bitcoin and blockchain. These terms are not interchangeable, and much of the confusion has led to a irrational hype.
However, Corbett sees the blockchain in combination with a cryptocurrency could change the financial system as we know it. It could almost completely disintermediate the financial system, making everyone their own banker.
But a cryptocurrency can also be controlled. If central banks issued cryptocurrencies, the currency could become a tool of totalitarianism. Corbett says we cannot let this happen.
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Financial writer Bill Holter says, “This country has lost the rule of law. It’s clear, looking at the DOJ and looking at the FBI, and what will come out on that, the rule of law needs to be restored. There needs to be a confidence restoration, if you will, in those agencies. It’s a complete travesty. What has really happened is they got so dirty that they tried a coup attempt. They tried to take over the government. They tried to negate an election. . . . A lot of people are speculating on Hillary going to jail, and I would put out that with all this illegal surveillance, there is absolutely no way that could have been done without Obama’s knowledge.”
Holter, who is also a precious metals broker, says big money is piling into metal, especially silver. Holter says, “Gold should do extremely well, and silver should do four or five times as well as gold if it gets back to the 15 to 1 historical ratio. . . . The lows were put in with gold and silver back in late 2015.”
What could go wrong with all-time high debt levels facing rising interest rates around the world? Holter points out, “There is all kinds of stuff that can go wrong. Cash levels for investors are at all-time lows. Margin debt is at all-time highs. That, in and of itself, is a recipe for disaster. Also, if you look at valuation levels . . . we are at record levels never seen before. . . . There is record risk/reward.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with financial expert Bill Holter of JSMineset.com.
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We are political scientists, editorial engineers, and radio show developers drawn together by a shared vision of bringing Alternative news through digital mediums that evangelize our civil liberties.
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We are political scientists, editorial engineers, and radio show developers drawn together by a shared vision of bringing Alternative news through digital mediums that evangelize our civil liberties.
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https://sdbullion.com
http://ift.tt/1QpG3zA
“It would be easy to picture silver going up by huge jumps – $10 in a day – for five or six straight days….That’s completely feasible,” says John Rubino of Dollar Collapse.
After hitting the key resistance level of $1360, gold became overbought, and corrected back down, Rubino says.
A currency reset is the only way out of our financial problems, Rubino says. The fundamentals of gold and silver are “outrageously bullish.” Plus, China, Russia, and India are buying massive amounts of gold.
Rubino sees if interest rates continue to rise, a bond market collapse could result. “A bond market crisis could set off a huge bull run for precious metals.” Since silver is such a small market, “It would be easy to picture silver going up by huge jumps – $10 in a day – for five or six straight days….That’s completely feasible.”
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