Gold, Silver Signaling That the Flight From Paper Money Is Now Accelerating

 |  Includes: GLD, SLV, UDN, UUP
by: Graham Summers

It’s official, the flight from paper money has entered a new, dramatic stage.

As you know, yesterday I wrote an article saying gold and silver were about to breakout. However, even I didn’t expect we’d see the explosive rallies that hit the futures markets while the stock markets were closed yesterday.

gpc 2-22-1Click to enlarge

As you can see, silver positively erupted yesterday, taking out first $33 and then $34 per ounce in short order. Similarly, gold took out $1,400 and is on its way to test its recent highs:

gpc 2-22-2Click to enlarge

This is a MAJOR warning that all is not well in the financial system. The Middle East is literally imploding. Riots are spreading from one country to the next by the day.

One of the more interesting items to note is that ALL of the world leaders who flee their countries are doing so with MASSIVE amounts of gold. NOT cash, but GOLD.

And then the Fed claims that inflation is under control.

Make no mistake, gold and silver are both signaling that the flight from paper money is now accelerating. It’s only a matter of time before the US Dollar collapses.