“The smart money has recognized…may well be the last opportunity to convert fiat money into honest money at these severely undervalued levels.”
by Lynette Zang of ITM Trading
The stock market roller coaster continues into March. In January cash repatriation and corporate tax cuts sent the stock markets to all time highs.
So Why is the Stock Market Roiling Now?
The threat of tariffs. Wall Street and globalists lost an important White House voice in Gary Cohn, (Chief Economic Advisor and Director of the National Economic Council) a former Gold Sachs executive and investment banker who specialized in debt. Wall Street was not happy to lose this connection.
Let the Trade Wars Begin
If the US puts on tariffs, the most likely outcome would be a global trade war because everyone is fighting the deflation brought on by globalization.
What About Gold?
The smart money has recognized an undervalued situation in gold. We see that a cup formation (accumulation pattern) is building. This may well be the last opportunity to convert fiat money into honest money at these severely undervalued levels. I’m taking advantage of it, so are the central bankers. Shouldn’t you?