This Is The Real Reason Why The Public Is Broke And The Middle Class Is Being Destroyed
KingWorldNews.com
November 21, 2016
As we kick off the fourth week of trading in November, this is the real reason why the public is broke and the middle class is being destroyed.
James Turk: “It is good to see gold and silver starting the week in a positive way with their prices stabilizing, Eric. When you look at the recent dip in prices, it’s been a rough couple of weeks. But then again, when you see distortions like backwardation in the market, it is a good time to buy…
Gold and silver went into a steep backwardation after Trump’s victory, with the spot price above the price for December delivery. In fact, even though December delivery begins in just over a week, spot gold and silver are still backwardated. So the demand for physical metal remains strong.
I have been expecting to see strength in the precious metals as we work toward the end of the year. It’s always impossible to predict when the short-term trend will turn, but it is time for a short-term trend reversal. This week often sees them.
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