Here is a look at the behaving like an ass indicator, gold and silver preparing for takeoff, and soaring prices only getting worse.
The Biggest Risk Asset Bubble In Recorded History
April 27 (King World News) – Egon von Greyerz: When the markets tanked for one day in 1987 Greenspan began lowering rates to help Wall Street recover. That pattern of bailing out markets with lower debt costs has since become the religious norm of the Fed under the subsequent mismanagement of Bernanke, Yellen and Powell.
This world without yield has major ramifications for boom-and-bust cycles in risk assets. For now, however, there is no escaping the fact that we are in the biggest risk asset bubble in recorded history…
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Soaring Prices Only Getting Worse
Fred Hickey: Freight capacity shortages and soaring prices are only getting worse. “Price doesn’t always even matter anymore.” “If you want a fixed price in today’s market, the answer you’ll get from the carriers is that it’s too late.” Fed’s “transitory” story very iffy.
Speculation Is Raging
Kevin Smith: S&P 500 valuations are higher today than the peak of the tech bubble in 2000. Speculation is raging and risks are high due to ultra-easy financial conditions and record leverage. The stock market is priced for a future that is impossible to live up to in our view. (See chart below).
Valuations Higher Than Year 2000 Tech Bubble
Behaving Like An Ass Indicator
Graddhy out of Sweden: The numbers (of people) behaving like an ass has not declined yet really so we still have precious metals consolidation wear out, precious metals massive doubt and hate, and that is exactly what we want to see around a major low. The more doubt in the bull we see now, the more pm will move ones we get going.
Gold & Silver Preparing For Takeoff
Graddhy out of Sweden: Gold and silver are acting perfectly right now. They are stair-stepping up from bottom, taking care of one resistance level at a time. We have thin zones coming up though, so big moves starting close to here will be because the chart was ready, not because of anything else.
***To hear Gerald Celente discuss what shocks to expect in 2021 CLICK HERE OR ON THE IMAGE BELOW.
***To hear Alasdair Macleod discuss why gold and silver prices are set to soar in 2021 CLICK HERE OR ON THE IMAGE BELOW.
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