This is the closest we’ve come to a pivotal moment for the global economy since 2009. Today is the pinnacle of the economic experiment, led by the Federal Reserve and followed by all central banks, globally.
The markets are so close to falling below support that the possibility of another excruciating 10% correction must be considered and braced for.
We will cover the results of the midterm elections and their impact on stocks, bonds, and commodities this coming Thursday, but one, critical and very determining new trend is already in place, no matter who takes control of the house
From the way the talking heads on television are framing it, you’d think gold and silver will never recover from their current doldrums. Undoubtedly there’s been price pressure, along with a likely dose of “intervention” from the government and big banks. But is this a secular bear market really, and can we expect precious metals to come up for air anytime soon?
The dominating trade of 2018, going forward, will be one that is, literally, the most hated in the world right now.