Tuesday’s market action showed us how nervous traders around the world really are.
So much hangs in the balance right now. The concluding trading week of October 2018 could encapsulate, within its five sessions, the answer to the question: Has the business world recovered from 2008 in a manner that justifies global QT (Quantitative Tightening) or not?
Let’s recap the Federal Reserve’s policy for the past 10 years, as we transition into a new era.
Now, in the U.S., there is yield curve inversion forming, but, globally, there already is one.
Even though the overwhelming majority of investors hate gold right now, the bounce hasn’t happened yet. But despite their hatred, it’s time to start looking at gold again. The bear market is not over, but the risk/reward ratio is becoming stunningly favorable.