Bill’s Commentary:
“Make no mistake, this IS absolutely an assault on the dollar. Wait until China divulges their actual gold holdings…he who holds the gold makes the rules!”
The Chinese Gold Mania is Here
For the past several months, I’ve been theorizing and writing about the compelling idea that another major gold surge would be driven by Chinese futures traders coming out of dormancy to propel gold to $3,000 an ounce and beyond. And remarkably, it now appears that this is exactly what’s unfolding. In this piece, I’ll walk you through the background of this fascinating and unfolding theory—along with the evidence that it’s playing out in real time.
To provide some context, the powerful $1,200 gold bull market of the past year began in the spring of 2024, driven largely by aggressive Chinese futures traders on the Shanghai Futures Exchange (SHFE), while Western investors largely stayed on the sidelines. In just six weeks between March and April, these traders propelled gold prices upward by $400—or 23%—an extraordinary surge. While their activity quieted for a while, I’ve been anticipating their return, expecting them to drive gold to staggering levels—well beyond $3,000 an ounce.
Bill’s Commentary:
“What a shock!”
Wealthy Buyers Are Backing Out of Multimillion-Dollar Home Deals
On March 1, New York real-estate agent Peter Ocean thought he had reason to celebrate: His clients accepted an offer of $10.25 million for their four-bedroom co-op in Lenox Hill, which had been on and off the market for more than a year, last asking $10.5 million.
Days before the planned contract signing, the buyers even came back to purchase some of the furniture. “They weren’t even going to paint,” Ocean said.
Then came President Trump’s trade war, which sent shock waves through the stock market. Ocean was riding the subway to his office on March 13 when the couple’s agent called to say her client’s stocks were down 25% and the deal was off. “It was like a gut punch,” said Ocean, who then made a “painful” call to his client, who worked in finance before retiring to Florida.
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