Look at this tumble, another record, banksters, a little problem, plus gold and silver.

Those Damn Banksters
August 29 (King World News) – Lawrence McDonald, Former Head of Macro Strategy Societe Generale:  “Central Bankers Forcing Capital into places it Just Shouldn’t Be…Greece 10 Year Bond Yield:
2015: 19.8%
2016: 11.5%
2017: 7.8%
2018: 4.7%
2019: 1.6%*
*record low

Now That’s A Tumble
Charlie Bilello:  “US Steel is down 78% since the Tariff announcement back in March 2018. (See below).

Shares Of Steel Powerhouse US Steel Have Collapsed 78% Since The Tariff Announcement in March 2018

A Little Problem For Stock Market Bulls
Sven Henrich:  “S&P 500 median price to sales ratio:
2000 2.0
2007 2.0
2019 2.6
Stock market value vs GDP ratio: 
2000 146%
2007 137%
2019 145%
It deserves pointing out that the bull case is reliant on these ratios increasing to levels never seen before relying on further multiple expansion. I’ve yet to hear one bull point this out to anyone when issuing higher price targets.”

Another New High
The Daily Shot:  Chart: US crude oil production hits a new record (see below).

US Crude Oil Production Hits Another Record

Gold
Tom McClellan:  “Here is a fun way of expressing how ridiculous the gold blowoff is (and by extension, the bond blowoff). (See below).

Gold’s Advance Has Some Wondering What The Pullback Will Look Like When It Unfolds

Gold & Silver Stocks
Graddhy out of Sweden:  “Both (GDX & GDXJ) have reached what could be decent resistance. We are 4 months into the IC which is around where we start looking for ICH. Also, gold has reached its 1550 level which is where the resistance price range starts. And silver has reached its 18. Time to be alert. (See below).

GDX Weekly Hitting Short Term Resistance

GDXJ Weekly Hitting Short Term Resistance

Look At What Is Collapsing, Plus Silver Bull
READ THIS NEXT! Stocks Up But Look At What Is Collapsing, Plus Another Bull Flag For Silver CLICK HERE TO READ

More articles to follow…

In the meantime, other important releases…

The Golden Trigger That Will Send The Price Of Gold Dramatically Higher CLICK HERE TO READ

Albert Edwards – MMT Fully Loaded, A Remarkable Chart, Silver, Plus What’s On Fire In The Gold Market CLICK HERE TO READ

First Time Since 2009, A Stunning Chart, Plus Gold & Silver’s Powerful Advance CLICK HERE TO READ

$1,935 GOLD: Significant Bullish Break To Trigger A 25% Rally For Gold vs S&P CLICK HERE TO READ

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