Global stock market panic following the Brexit vote
suggests investors around the world are quickly realizing that the collapse of the entire system is inevitable.
Though Brexit may have been the trigger for the latest sell-off, the
fall out is merely an indicator of much deeper problems.
And as the crash accelerates, those with foresight are rapidly divesting
themselves of traditional assets and moving their capital into safe havens of
last resort. The latest move comes from an unknown trader who, according to CNBC, just made a massive bet on gold:
If you missed out on gold’s recent rally, fear not, because one savvy
trader is betting more than $6 million that the bullion breakout is far from
over.
In an eyebrow-raising trade on
Tuesday, one trader bet that the gold ETF, ticker symbol GLD, could keep
soaring through the summer. Specifically, that trader purchased 66,000 of the
September 135/140 call spreads for 96 cents each. Since each options contract
accounts for 100 shares of stock, this is a $6.3 million bet that the ETF
could rise as high as $140 — or another 7 percent from the current price of
around $130.
Whoever this trader is, he’s not alone.
As we’ve previously noted some of the world’s most well known investors
like George Soros, Stan Druckenmiller and Doug Casey are making similar
bets in expectation of widespread destabilization of the system. Moreover,
high net worth family wealth funds are aggressively stockpiling precious
metals assets, with many doing so in secret.
While gold
bullion has risen precipitously this year, and especially in the
wake of Brexit, some forecasts suggest we are nowhere near the top, calling
for gold to go as high as $5000 per ounce, which would amount to a 270%
increase from here.
Back in 2010 financier George Soros said that gold would become the ultimate bubble.
Is this the beginning of the run-up and eventual “panic buying” ?
Also Read:
Prepare For
Economic Collapse: A Step-By-Step Guide
What’s Starting Now Will Overturn the Entire System:
“Complete Collapse of Everything”
The Gold Vaults Are Running Low, Here’s What Happens When
They Run Out
Video Update: The Gold Bull Market Awakens: “The Smart Money
Is Moving In Big”
