Short Squeeze May Send Gold Price Spiking October 2 (King World News) – John Ing: “The reason the gold market is spiking today is because of the crisis in Italy. This raises the prospects of the EU falling apart. Eric, if we see another $10 surge, we will see a major scramble that will create a major short squeeze in the gold market…
Gap Points To $1,375
John Ing continues: “Today gold is surging despite the rally in the dollar. And, Eric, once gold breaks free, there is a big gap that points to $1,375.
VEC Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held