8.14.26 - This Just Unleashed Another Historic Gold Rush

8.14.26 - This Just Unleashed Another Historic Gold Rush

Gold last traded at $4,378 an ounce. Silver at $64.81 an ounce.

This Just Unleashed Another Historic Gold Rush -King World News

Otavi Costa: Silver miners appear to be moving ahead of silver itself.

KING WORLD NEWS NOTE: The Fact That Silver Miners Have Already Broken Out Decisively On The Upside Is Telegraphing To The Market That Silver Will Breakout On The Upside As Well

Yes, be on your toes for some normal volatility near resistance, but a breakout here could simply be a matter of time, in my view.

Game on.

Fred Hickey: First line from Wall Street Journal story by James Mackintosh this week titled: "Scott Bessent's yen trade has unintended consequences for the markets":

"The joint U.S.-Japan support of the yen is unusual. The way it is being financed is unprecedented, and adds liquidity when the punch bowl of the U.S. economy and markets is already overflowing."

Spiking the punch bowl by adding liquidity to an out-of-control stock market mania is not exactly 'putting the brakes on' - as Bessent described as a better option to deal with "euphoric markets" last year.