Next week and probably Monday or Tuesday are going to be important junctures. If the Fed/PPT can’t get the market turned around quickly then there is risk that the crash event into the 7 YCL could begin, with a final low as early as the end of the month or first week in September. Much more in the weekend report.
But, But, But the FED’s gonna start raising interest rates in September!!!!!!!!!!!!!!.
I’ve got a few bridges and palaces in London that I am looking to sell.
If the market crashes, won’t it take both Gold and GDX down further as well?
I’m thinking it won’t. I think gold will start to sniff out the next round of QE just like it did in 2008 ahead of the final bottom in 09.
I’m starting to see a few shortages at some of the dealers just like what happened in 08.
7 years of ZIRP and QE?
What will justify starting QE again?
The FED will be lucky to pull off one or two token .1 or .25 interest rates rises before there’s a major stock market crash …. the FED better hurrey up and do their interest rate rise quickly – before the bottom falls out of the market.
I’m not sure why but I’ve got a bit of an itch in the back of my throat.
(please, no dirty jokes)
But I don’t think interest rates are going up this year. The charade shall continue a little while longer.