With most everything in financial markets trading higher across the board, including stocks and precious metals, here is a look at another major gold bull catalyst, beware the banker, America’s Main Street revival has reversed, plus gold and the US dollar.
October 5 (King World News) – The Daily Shot: The credit markets are pointing to downside risks for stocks.
Credit Markets Telegraphing Stock Market Will Run Into Serious Trouble
Gold & US Dollar
Graddhy out of Sweden: US dollar is now tagging my 2nd option for Daily Cycle Low turn, my 93.42 level. This while gold here is up against vital white old all-time high $1,923 level. Makes sense as precious metals often push you over the edge and back. My guess is US dollar up to Intermediate Cycle High now and last leg down for precious metals to Intermediate Cycle Low. (See chart below).
Gold Bumping Up Against Old All-Time High Of $1,923
Beware The Banker
Lawrence McDonald, Former Head of Macro Strategy Société Générale: Beware of the banker who goes out of his way in an attempt to put you at ease – JP Morgan: WILLIAMS SAYS HE IS NOT CONCERNED ABOUT THE DOLLAR LOSING IT’S VERY IMPORTANT STATUS…
To learn which company Eric Sprott just bought a 20%
stake in click here or on the image below
America’s Main Street Revival Has Reversed
Wall Street Journal: “Between 2015 and 2019, U.S. towns with populations of 25,000 or less invested more than $20 billion in public and private funds in their downtown cores and created more than 28,000 new businesses.”
Adam Tooze, Director of the European Institute: What with the Fed opening the taps and a current account deficit of $170.5 billion, America can hardly be accused of not doing its bit for the world economy in 2020!
Another Major Gold Bull Catalyst
***To listen to the incredibly powerful audio interview with Nomi Prins discussing everything from gold and major markets to the similarities between what we are seeing today vs the 1970s and you can listen to it by clicking here or on the image below.
***To listen to this timely interview from the top trends forecaster in the world click here or on the image below.
China And $20,000 Gold, But This Is Truly Stunning
***ALSO JUST RELEASED: Yes, China Will Likely Push The Price Of Gold Above $20,000, But This Is What Is Really Stunning CLICK HERE.
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