All Eyes On September: 7-Year "shemitah Cycle" Crash?

Money Metals Exchange - Coming up we'll hear an insightful and fascinating interview with Steve St. Angelo of the SRSrocco Report. Steve reveals some alarming information about the silver supply shortage situation and talks about a possible tipping point in global silver inventories. Don't miss my conversation with Steve St. Angelo coming up after this week's market update.

Well, it's been quite a tumultuous few days in the financial markets since I spoke with you last Friday. We've seen some of the most severe daily price swings in the stock market since the depths of the 2008 financial crisis.

We've also seen the most severe rout in crude oil prices in many years. The key energy commodity plunged to as low as $38 per barrel earlier this week before surging an extraordinary 10% on Thursday to over $42 a barrel.

Precious metals markets certainly haven't been spared from market gyrations. Gold gained more than 3% last week only to give back nearly all of those gains by the middle of this week. But the yellow metal has rallied a bit here yesterday and so far today with gold prices currently coming in at $1,137 an ounce, off about 2.1% on the week.

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