Today one of the top economists in the world sent King World News an incredibly powerful piece that takes a trip down the rabbit hole of an intensifying global collapse. Below is the fantastic piece from Michael Pento.
The Entire World Is Collapsing Around Her
According to the Bureau of Labor Statistics (BLS), there were 151,000 net new jobs created in Janua... read more
On the heels of six weeks of chaotic trading in markets, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, just warned that we’re now entering the most dangerous phase of the worst crisis in world history.
Central Bank heads believe they are magicians who can wave their magic wand to create whatever economic condition... read more
By now all of our readers should be familiar with JPM's head quant Marko Kolanovic whose track record of accurate market calls is second to none.
Instead we cut right to the chase with the highlights of his latest note released moments before the market close today, in which he lays out the biggest risks to the market, which are as follows:
•deterioration of sentiment and fundamental s... read more
Gold has blown through the daily channel resistance so there is a gap on our reversals between 1209 and 1309. Gold should now press higher to fill that gap. The low came on the first benchmark right on target at 1045 $1 from our number at 1044 and this was 51.6 months from the 2011 high. The year-end closing ABOVE 1044 warned gold was “not as weak as it may appear”. The top of the channel... read more
Following the biggest one-day surge in the price of gold since 2009, it is understandable that suddenly everyone who until recently was predicting the price of gold in the triple digits, or laughably explaining why "gold is doomed " wants to talk about the "pet rock ." As we showed earlier, already Goldman and Bank of America have opined with new and upwardly mobile "price targets", while th... read more
– Once again overnight markets were chaotic, with Japan losing another 2% (as the yen strengthened further), Hong Kong falling 4%, and most of Europe declining 3% to 4%. The SPOOs lost about 2.5% in sympathy preopening and the market opened a couple of percent lower, but from there the dip buyers showed up once again to trim those losses to about 1%, plus or minus. (Early on the Do... read more
With gold moving well above $1,250, many market participants are trying to understand: Why gold is surging and why there is so much turmoil in overseas trading in Asia?
Fortunately, KWN has the answer for its global readers
The reason for the surge in gold and the turmoil in overseas trading in Asia is that there is extreme nervousness about the plunge in Hong Kong’s stock market.... read more
With gold spiking nearly $70 at one point during today’s trading, today the top trends forecaster in the world warned King World News that the global crash of 2016 will be twice as devastating as the 2008 collapse.
Eric King: “Gerald, Stephen Leeb told King World News today that “The world is scared to death of deflation.”
Oil glut
Gerald Celente: “Well,... read more
With gold spiking more than $60, the dollar falling and bonds surging, today one of the top money managers in the world warned King World News that the world is now in the early stages of total panic as global stock markets plunge.
King World News warned its global readers yesterday that global panic was coming because of the derivative nightmare in Hong Kong. Well, it’s here…
We... read more
