For decades, I have defined the August 7 – October 31 time frame as “crash season”. There’s no question that current US stock market price action is very concerning.
The real risk of being invested in US stocks during these three months dramatically outweighs any potential reward.
That’s because GENERATIONAL WEALTH can be destroyed in a few days, weeks, or even hours.
August is typically the set-up month, and the crash and/or ensuing bear market occurs in either September or October.
Ya know how each year, when autumn rolls around, you can feel the air literally change? You can’t see the change early on, but yet you feel it, that certain “crispness” on the wind…you just know everything has changed. Well, I’ll say this right now: something is up.
Those expecting a Stock Market crash on elul 29 (September 13, 2015), expect to be disappointed; for it is the following year of Jubilee that is expected to bring all the devastation to the world stock markets!
What could the ‘destruction’ be? How about world economic and financial collapse!
With regards to the Gold & Silver:
Silver is not performing nearly as well as gold. We had a clue about that early this week, when silver underwent a massive sell-off while gold endured only a modest drop. Silver has been unable to close much above 15.50; while it remains above its 50 MA, it is encountering consistent selling on any moves higher than about 15.55.
Compare what silver did this week vs what gold did:
Gold is an asset in “flux”. US financial system risk is declining (but not gone). Deflation is ending, and inflationary road signs are clearly appearing.
Rate hikes, a duty cut in India, and a Chinese gold fix are imminent. The downside bias of the drifting rectangle in gold, silver, and related stocks is ending, because the fundamental drivers of it are changing quite dramatically.
All hands now need to be on the accumulation deck, of the good ship called…. gold!
- Will the Floodgates Open and Send Gold Plummeting Under $1,000/oz?
- RCM Massively Cuts Orders for Silver Maples– according to source, cites “Blank Issue”
- EXTREME PHYSICAL TIGHTNESS: Gold Backwardation WORST EVER, Silver Scarce in Size
- When Will We See a SQUEEZE? Every Silver Short Added Over the Past 3 Weeks is Underwater!
- Eric Explains Why Carnage in the Mining Industry is INSANE
The SD Weekly Metals and Markets With The Doc, Eric Dubin, and Craig Hemke is below: