SprottEric Sprott breaks down the HISTORIC moves in currencies, the bond market, & precious metals. 
“It’s Absolute Chaos…” 

end-collapse35 Percent Of All Americans Have Debt That Is At Least 180 Days Past Due.
69 percent of all Americans have less than $1,000 in savings today. In essence, more than two-thirds of the country is living paycheck to paycheck, and that is a recipe for disaster when the next major economic downturn in the U.S. strikes.
It is only a matter of time that this record debt, stock and bond bubble is going to burst. Anyone with common sense can see that. What we experienced in 2008 was just a preview of the hardships that are coming. The next recession is going to be even worse, and most economists are convinced that it will happen within the next four years no matter who is elected president.
It is Time For A RESET:

down-fall-smashFund Manager Dave Kranzler explains why the current take-down in the price of gold and silver is setting the market up for a much bigger move higher:

five-golden-pillarsOdds are, we have seen the worst of the decline for precious metals.   The bond market is a slow motion black swan.
Interest rates are backing up and this is going to cause TOTAL CHAOS in the next 18 months.
2017 is going to usher in stagflation.

The dynamics that I warned about on Nov. 3rd are going to develop, and this will ultimately prove to be part of the drivers for a MASSIVE move higher in precious metals:

hyperinflationThe big news this past week is that Donald Trump was elected to be the next president of the United States. Whether due to his comments about restructuring the government debt, tariffs on imported goods, or other economic concerns, many expected news of his election to push up the price of gold.
They were wrong…

rocketMost market participants with at least two brain cells to rub together have figured out that Trump’s economic game-plan would widen out the Federal spending deficit and further accelerate the issuance of more Treasury debt.  
It is likely that the Fed will have to monetize some of this new debt issuance.
This is the perfect recipe for higher gold and silver prices…

trumpHistory tells us that in the gold market it is quite common to experience sizable corrections (often 50%) following first leg of a new bull market:

SprottBillionaire Eric Sprott Explains, 
There’s Only 2 Explanations For This Move In the Stock, Bond, Gold, & Silver Markets: 

waterfall raidPM Fund Manager Dave Kranzler Explains Today’s Epic Take-Down of the Gold and Silver Market Is As Simple As This:

freedom“EXPLODING Gold and Silver Prices is the LAST Thing They Want to See.”
Sprott’s John Embry Joins Us to Deliver a William Wallacesque Message:
We could take them out OVERNIGHT if everybody bought physical…

crashDavid Morgan joins us to break down the financial impact of Trump’s historic victory.
Trump’s victory over the Elite has HUGE Implications for Gold and Silver…

It took gold approximately 7 months to advance $250 and overcome major resistance at $1,300/oz from a bottom of $1,050. A reasonable target could be $1,550/oz ($1,300 + $250) by March 2017 – 4 months from now. Silver could follow a similar pattern with a near-term target of $26/oz.”

rocket-moon-launchAfter nearly five years of oppressive, unfettered market manipulation, the physical market has put a floor beneath the market.
After a price “correction” of 8% in gold and 16% in silver, the metals are now ready to go higher from here.  This was “telegraphed” by the recent price-action in the junior mining stocks as represented by the GDXJ junior mining stock index: