It’s deja vu as markets are breaking all over the word.
Egon von Greyerz, founder of Swiss based Matterhorn Asset Management, just warned the next major move down in stocks could happen within the next few weeks. Plus a look at inflation.
Mining stocks soared 189% in just 5 months last time this happened, plus a look at a US dollar surprise.
The rout in the mining stocks is continuing today with the HUI Gold Mining Index plunging another 6.25%. At this point the rout has become one for the history books in terms of the carnage as panic selling hits extreme levels.
Today one of the greats in the business warned King World News that more inflation and QE will be launched by bankrupt West.
This global collapse will be far worse than the wipeout that took place in 2008-09.
Even thought the first half of the year has been very frustrating for holders of precious metals, the second half of 2022 could turn out to be spectacular for gold and silver.
It’s too late to save the financial system and a full-blown panic is coming.
The mighty fall of the consumer is leading a much bigger collapse.
QT is deal on arrival as Russian war accelerates collapse in the West.