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The post Federal Reserve: Everything Is Fine (Just Like In 2008) appeared first on Silver Doctors.
“given this is a bull market, I am not recommending anyone go short, but if you do have sizeable trading gains on metals or…” by David Brady via Sprott Money […]
The post Higher Highs And Lows Ahead In Precious Metals And Miners appeared first on Silver Doctors.
Is this really about public health…or is it something else? by Daniel McAdams and Ron Paul of Ron Paul Liberty Report Houston’s Democrat Mayor Sylvester Turner heaped praise on the […]
The post Virus, Or Politics? Mayor (Who Attended BLM Protest) Cancels Texas GOP Convention For Public Health appeared first on Silver Doctors.
If Q2 data shocks the markets, a moderately violent & volatile downside price move is pending. Maintain gold & silver hedges beyond 2020… by Chris Vermeulen of The Technical Traders […]
The post RETAIL TRADERS & INVESTORS SQUEEZED TO BUY HIGH-RISK ASSETS (STOCKS) AGAIN appeared first on Silver Doctors.
It’s hard for an economy to even begin to recover when economic activity is denied, but if one is a Deep State Globalist, that’s exactly the point… (by Half Dollar) […]
The post Shutdown 2.0 Begins: Ivy League CANCELS ALL FALL SPORTS, U.S. Senator Pressures Others To Follow appeared first on Silver Doctors.
MarketWatch/Shawn Langlois/7-6-2020
“I think we’ve got a second leg down and that’s very much reminiscent of what happened in the 1930s where people appreciate the depth of this recession and the disruption and how long it’s going to take to recover. … Stocks are [behaving] very much like that rebound in 1929 where there is absolute conviction that the virus will be under control and that massive monetary and fiscal stimuli will reinvigorate the economy.” – A. Gary Schilling, economist – A. Gary Shilling & Co
USAGOLD note: Schilling joins a group of prominent economists and market analysts who see similarities between the 1930s and the present. Schillings warning about a 40% drop prompts a quick review of the market action following the 1929 crash. The top (380) to bottom (43) decline occurred over a three year period from late1929 through most of 1932 and amounted to a more than 85% loss of index value. The Dow Jones Industrial Average did not return to its 1929 peak until late 1954 – 25 years after the Great Crash.
Chart courtesy of MacroTrends.net
Bloomberg/Sarah Ponczek/7-7-2020
“Now that clients are starting to say to me, ‘Well this thing has more room to run,’ I’m starting to get a little bit uncomfortable,” [JPMorgan’s global market strategist David] Lebovitz said. “Because at the end of the day, you have sentiment flying at the center of this and human behavior is the one thing nobody’s good at predicting, regardless of how much data you have. He added: ‘We’ve never had a downturn like this, and we’ve never had a policy response like this. So trying to say, ‘This is what happened last time,’ and apply it to the future feels a little bit challenging.’”
USAGOLD note: The markets are navigating uncharted waters at best dangerous and unpredictable. Some see it; some do not.
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