China’s Shanghai Exchange Sends Price Of Silver Soaring & Gold Surging!

Tuesday, April 19, 2016
By Paul Martin
April 19, 2016

China’s Shanghai Exchange is the reason the price of silver soared and gold surged today.

By Bill Fleckenstein President Of Fleckenstein Capital
April 19 (King World News) – Overnight Asia recouped what it lost Sunday night and Europe was about 1% higher, with the SPOOs gaining about 0.3%. That despite IBM declining on a horrible quarter, which was described as a “beat” for the benefit of the fools who only read headlines, when approximately $1 of its earnings (roughly half) was due to a tax rate change. Quarterly revenues are now back to where they were about 14 years ago. Gee, really great quarter, guys! The market wasn’t fooled, however, and the share price dropped 5% after hours and was 2% weaker still today…

Netflix lost 9% overnight, and dropped about 5% more today, while biotech high-flier Illumina gave up 20% after stumbling at the game of beat-the-number. Meanwhile, in the supposedly bulletproof chip sector, Rambus fell 10% and, just to round out the trading, Goldman Sachs reported its worst quarter in about 12 years, although it did manage to rally.

The Rest…HERE

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