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dogbox44

59 Posts.

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06/10/16

07:40

Post #: 19656197
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Originally posted by martis ↑

Jim Rogers, who founded the Quantum Fund with George Soros, went apocalyptic when he said, “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.”
Unfortunately, these warnings are tame compared to their peers.
“U.S. stocks are now about 80% overvalued,” says Andrew Smithers, the chairman of Smithers & Co. He backs up his prediction using a ratio which proves that the only time in history stocks were this risky was 1929 and 1999. And we all know what happened next. Stocks fell by 89% and 50%, respectively.
Even the Royal Bank of Scotland says the markets are flashing stress alerts akin to the 2008 crisis. They told their clients to “Sell Everything” because “in a crowded hall, the exit doors are small.”
Blue chip stocks like Apple, Microsoft, and IBM will plunge.
Further proof that a stock market crash is imminent recently came to light when an S&P 500 “Death Cross” pattern appeared.
MarketWatch reports that “a rare ‘Death Cross’ appeared Tuesday in the chart of the Dow Jones Industrial Average.” … The article went on to say that a “Dow death cross is a bearish omen for the stock market.”
But there is one distinct warning that should send chills down your spine … that of James Dale Davidson.
As a renowned economist, best-selling author, and founder of Strategic Investment, Davidson makes the strongest case for a looming crisis, and he uses a $5 bill to prove it. “Right now, there are three key economic indicators screaming SELL. They don’t imply that a 50% collapse is coming, it’s already at our doorstep.”

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How gold performs in crisis

Really, the basic steps are straightforward:

Economic/financial crisis leads to asset liquidation and dollar shortage

Dollar shortage leads to dollar appreciation and gold depreciation (in dollar terms)

One form of asset liquidation – forced gold selling – leads to gold depreciation (in all currencies)

Eventual monetary response creates surplus of dollars

Surplus of dollars causes dollar depreciation and gold appreciation

i spend alot of time not just resurching the WWW forums looking for evidence based views on the real situation

It's hard to believe but the evidence, the real facts are, leveraged for there is a looming correction.

Let's hope it's not as bad as we speculate, I wish it would get it over with because the prelude to this is agonising
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gold, page-11984

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Western Gold tanks -20% as company reports 'raw data' for assays incomplete; buries low grades

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