VIX is spiking again, Bitcoin and the stock market are dropping, and gold & silver are coming under pressure pre-market. Here’s an update on the turmoil…
Gold & silver are coming under pressure here in the pre-market:
Last night gold nearly breached $1350 and silver nearly breached $17.
How much of this is cartel suppression and how much of this is selling (profit taking) to cover losses elsewhere?
We can’t be certain, but looking back at the chart from 2008 shows how the metals declined and bottomed first before the broader stock market fell:
The gold to silver ratio is still screaming “buy silver” with the ratio over 80:
Keep in mind that the cartel has brought the heat lately on Tuesdays.
Or are they trying to work gold & silver down as low as they can because they can see currency starting to move into the sector?
All eyes are on the VIX as volatility has stormed back into the markets:
Notice the dollar is in fact putting in the bounce everyone has been looking for.
The last time the VIX was this high was the August 2015 “correction”:
The Dow got pummeled yesterday for the largest single day point decline on record (but the percentage decline wasn’t even in the top ten):
It should come as no surprise that as the VIX has spiked above 50, the stock market indices are set to open lower again today:
Bitcoin is again falling like a knife and nearly tested $5,000 earlier:
On Friday I laid out an argument that was not very well received, but I am no longer the only person thinking it.
Others are beginning to think the same thing.
Trump who might well think a falling stock market is a Fed Plot to discredit him.
This is more or less what I laid out last Friday, albeit my view is much darker.
For anybody who missed my working theory, here it is in a nutshell:
So think about a few things here:
- FISA Memo released (Russian Collusion story dead)
- All those people accused of sexual harassment dropping their careers like flies, re-sparking the accusers of President Trump (but it failed)
- President Trump’s crazy – invoke the 25th amendment and get him out because he’s nuts (that’s failed)
Now think about this:
- President Trump owns the U.S. economy, he’s tweeted a thousand times how America is MAGA and it’s all because of him
- President Trump says the stock market rally to record high after record high is all because of him
So here’s what it means:
What if the Deep State is bringing down the economy – they are going to crash the stock market,they brought down Bitcoin, they are crashing the bond market, and they have hit gold & silver and taken the metals as low as it can possibly go – all to render President Trump ineffective?
This is his economy, and it will be his fault that there is a new financial crisis.
And there’s no more Yellen.
And when there is a lot of pain – pain on Main Street, drawn out over this year (mid-term) and next year (2019 presidential candidate hopefuls) going into the 2020 Presidential election, the Deep State will have accomplished two goals:
Trump will not get re-elected because the economy will be in shambles
The Deep State gets in the driver’s seat, and they drive us down the dark path towards a totalitarian police state, which was the Deep State’s main goal all along.
– Half Dollar