FULL-BODY TREMORS: 2008 All Over Again!
Tuesday’s market action showed us how nervous traders around the world really are.
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?
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 stated motivation and the actual agenda of central banks are two completely different things. Market-savvy investors know that the Fed does not have your financial best interests in mind, so you have to take whatever they say with a huge grain of salt and you really need to be your own biggest financial advocate.