PM Fund Manager: Gold Pops Again – Something Ominous Is Brewing
Two days in a row now gold has inexplicably popped up and the dollar has tanked. Today, in fact, the dollar has gone off a cliff!
I would thus suggest that unusual amount of gold volatility we are seeing yesterday and today – and the volatility does not crank up until after the Asian physical markets are closed and the London/NYC phony paper markets are in full swing – is the unequivocal signal the paper purveyors of gold are starting to feel a lot more pressure from the Asian demand for physical gold. Indeed, the sharks are running out of food.
Something Ominous is Brewing…
Click here for more from Fund Manager Dave Kranzler on today’s Dollar Flash Crash:
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