from KingWorldNews:
Today acclaimed trader Dan Norcini told King World News that in both the gold and silver markets, “… we were seeing a violent wave of short covering.” This started taking place immediately after the Fed signaled the additional QE.
Just six days ago Norcini correctly predicted that gold and silver would continue this surge. The acclaimed commodity trader had this to say about what is now taking place: “Once the QE announcement came from the Fed, gold and silver immediately soared, but so did the rest of the commodity complex. Anything that was a hard asset was moving higher, along with the stocks that produce those hard assets.”
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