Bill Fleckenstein – Violent Reversal Coming As Available Physical Gold Disappearing – Fred Hickey On The Gold Plunge, Plus A Bonus Q&A
KingWorldNews.com
July 20, 2015
On the heels of the 2 minute $50+ plunge in the gold price, today one of the greats in the business sent King World News a fantastic piece predicting a violent reversal in the gold market as available physical inventories of gold are disappearing. Fred Hickey also weighs in on the gold plunge, plus a remarkable bonus Q&A that covers the gold smash and much more.
By Bill Fleckenstein President Of Fleckenstein Capital
July 20 (King World News) – Overnight the financial markets were largely uneventful, though that wasn’t the case for commodities (more about that below). As for our stock market, the early going saw the indices modestly higher, with the high-priced (i.e., valuation, not absolute), momentum-oriented, “growth-y” sorts of names driving the Nasdaq.
The early strength led to a bit more and the Nasdaq gained about 0.5%, with the Dow/S&P lagging until the last hour, when the rally fell apart and the market closed flattish. Away from stocks, green paper was mixed in rather dull trading, oil lost a percent, fixed income was lower, but, as I noted, the real action was in the commodity complex….
The Rest…HERE
