Gold Surges Above $1,200 As Veteran Warns – “Control Of The Bond Market Is At Stake Here”

Thursday, June 18, 2015
By Paul Martin
June 18, 2015

With gold and silver surging along with stocks and the U.S. dollar trading lower, today a legend in the business sent King World News a powerful piece discussing the surge in gold, which is being fueled by disappointment over the Fed’s decision not to raise rates as well as the chaos in Greece.

From Art Cashin’s notes: “While the media pundits paraded across the screens talking of two rate hikes by yearend, the markets were expressing a different view. Bond yields fell as did the dollar, while gold rose. Not the reaction one might expect if a rate hike were imminent.

Ultimately, stocks noted the action in other assets and concluded that maybe the economy was not as robust as the pundits claimed. That led them to ease off the highs going into the close.

The Rest…HERE

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