Loading ...Gold Miners Suggest Market “Crash” is Near
That’s the message from Palisades Radio guest Lance Lewis. In the past Gold and the miners telegraphed a sudden down turn in the market months before it happened. (2008, March 2020) Is it different this time?
Right or wrong, its a reasonable deduction.
Add BTC to the mix, although I see it taking at least one more shot at the recent highs.
Re the mkt crash call, either that is coming soon (Grantham thinks so), or we just get a correction next, and in that fashion the market would be signalling that hyperinflation is next up.
And its not “will the central banks screw up?”
Because they already have.
>>Re the mkt crash call, either that is coming soon (Grantham thinks so), or we just get a correction next, and in that fashion the market would be signaling that hyperinflation is next up.<<
Hyperinflation. Far more destructive than a deflation. But I think that's the likely outcome since the damn bankers & politicians won't ease up on the levers of the Fiat Express. Its snowballing.
Two things I thought were noteable – The idea that if money printing isn’t working to stimulate inflation – possibility of a straight devaluation (which is usually how it’s done but scares the sheep). The second was that for such a smart guy, he thinks the riots over the summer were due to “social unrest” (organic in nature), NOT practially coordinated and politically sanctioned events. Otherwise I am of the same thought – miners (and gold to a much lesser degree) will follow the market in a retracement, target also is between 1700 and 1750.