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Gold Bears To Be Crushed & Silver To Catch Fire
Get Ready, Gold Bears To Be Crushed & Silver To Catch Fire
Today acclaimed commodity trader Dan Norcini told KWN, “… we have a combination of bullish indicators that may very well signal that the gold bears are going to be crushed and overrun.” Norcini also said, “We could very well see silver ignite.”
Here is what Norcini had to say: “We have a surge in crude oil and gasoline. At the wholesale level, gasoline has already surged more than 20% higher. WTI Crude oil is up near $95 a barrel, and Brent crude is significantly higher. Not only do we have energy on the move, but we also have grains on the move as well.”
Dan Norcini continues:
“Soybean prices are making record highs, corn is making record highs, and wheat has soared. The impact of these higher grain prices is going to be with us for quite some time. So you have rising food, rising energy, and now we are seeing a breakdown in the bond market.
Bonds have made a low going all the way back to May. So we are definitely seeing a very important and major shift here….
