Despite the pullback, gold will continue its exponential rise. Plus a look at the Coronavirus and the stock market plunge, gold, silver and miners.
The post Despite Pullback, Gold Will Continue Exponential Rise, Coronavirus And Stock Market Plunge, Plus Gold, Silver And Miner Update appeared first on King World News.
Recorded just a few hours ago, we’re rushing this interview out to you given its timeliness.
Is the coronavirus the pin that will end the 10 year-long Everything Bubble?
Quite possibly, cautions Sven Henrick, technical analyst and lead market strategist for Northman Trader.
For too many years now, the financial markets have been conditioned that “dips don’t last”. Confident that the Fed will always provide the liquidity needed to push assets higher, investors have come to believe that risk doesn’t matter.
Well, covid-19 is exactly the kind of unexpected exogenous shock that central banks are powerless against. No amount of intervention by the Fed, the ECB or the PBoC will slow the spread of the virus, or force-start factories idle from workers quarantines.
So, what to expect from here? In terms of damage to market prices, we haven’t seen anything yet, predicts Sven.
And today’s failed recovery is a sign that the previously-bulletproof market ‘exuberance’ of the past decade is now losing out to ‘fear’.
Combine further spread of the virus with continued de-celeration of global trade, then “all bets are off” warns Sven.
Click the play button below to listen to Chris’ interview with Sven Henrich (44m:45s).
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The post Sven Henrich: Did The Coronavirus Just Infect The Markets? appeared first on Peak Prosperity.
The post Why Your Friends & Family Aren’t Taking The Coronavirus Seriously Enough appeared first on Peak Prosperity.
from Financial Survival Network
David Scranton notes that until recently most investors had too much confidence in the rapid eradication of the Corona Virus. We didn’t factor in that it could be take much longer. Is this the Black Swan that we’ve all been waiting for? Is David a stopped clock or a Chicken Little? It’s not the tipping point that causes a change, but perhaps it’s the rationalization for it. Emotions are constant and that’s why history tends to rhyme.
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from Financial Survival Network
On the political front, Bernie McGovern appears to have carried Nevada by a large measure, but will be enough to insure that he carries the nomination. If he does manage to wrangle it away from the elites and Nanny Bloomberg, he will then have a bigger problem on his hands. It’s the elites that harvest the votes and insure that the dead rise from the grave to cast their votes and the illegals get to have their say. There’s no way that they are going to work their magic for Bernie McGovern and that means an even larger Trump landslide. Stay tuned!
Finally, I talked about my recent bout with seemingly benign prescription drugs sending me for a loop, lowering my blood pressure and causing fatigue and a lack of energy. Beware, even drugs that appear to be extremely safe can have greatly negative effects. You need to regularly review all your drugs with your internist, specialist and pharmacist.
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On the heels of some wild trading in global markets, massive stock market losses (as high as -42%) occurred after this warning signal.
The post ALERT: Massive Stock Market Losses (As High As -42%) Occurred After This Warning Signal appeared first on King World News.
Mining entrepreneur Ross Beaty owns 19.9% of Luminex Resources which is a spin-out of Lumina Gold Corp. 
Click Here to Listen to the Audio
Continue Reading at MiningStockEducation.com…
Despite the pullback, here is the big picture for gold and the world.
The post Despite Pullback, Here Is The Big Picture For Gold And The World appeared first on King World News.
OK…despite more worldwide infections than ever, the WHO has decided to stop using the (technically very accurate) term “pandemic” to describe covid-19, presumably because they don’t want to scare folks.
The CDC is claiming that the US is not seeing “community level” spreading of the virus. But of course it isn’t, because it’s NOT testing at the community level. And only 3 US states currently have the capacity to run such tests, due to faulty kits being provided to the other states.
Then there’s State Department’s botched rescue of US citizens stuck on the Diamond Princess cruise ship, during which poor safety controls allowed 25 more folks to get infected on the flight back to the US.
And these are the authorities we’re depending on??
China, meanwhile, is lowering response levels in several provinces, setting the stage for workers to head back to the factories. BUT…they’ve postponed the National People’s Conference. So, it’s still too serious for the the ‘important’ people to be in public, but the plebes have nothing to worry about??
China is facing a lose-lose decision: maintain their widespread quarantines to contain the virus, but kill their economy? Or send people back to work, and risk infecting millions more?
Today, the markets *finally* started to show concern for the hit global trade is taking from this growing crisis. If the euphoria pushing markets to new highs is dissipating, there is an awful lot of empty space below today’s asset prices compared to their fundamentals-based valuations. Translation = the markets can fall a LOT farther from here.
To reiterate our guidance: the time to prepare — physically and financially — is NOW. As China, Italy, South Korea, Iran and other countries are showing us, a government lockdown happens swiftly, slamming shut your window to act.
Use the time you still have as the precious gift it is, and strengthen your preparations.
If you’ve not yet read it, Chris explains what he’s focusing on in his recent report Why I’m Ramping Up My Coronavirus Preparations, available to Peak Prosperity’s premium subscribers.
The post Coronavirus: Time To Prepare Is Running Out appeared first on Peak Prosperity.
What a wild day of trading for gold, bonds and stocks. Here's what to expect next.
The post What A Wild Day Of Trading For Gold, Bonds And Stocks. Here’s What To Expect Next appeared first on King World News.
from Financial Survival Network
Former White House staffer and presidential historian Tevi Troy unveils infamous brawls in Fight House: Rivalries in the White House from Truman to Trump gives readers ringside seats to the dramatic clashes within both Republican and Democratic administrations as their heavyweight personalities went head-to-head. Troy packs a punch as he unfolds the juiciest, nastiest, and most consequential administration rivalries in modern American history. From the presidency of Harry S. Truman—when the modern White House staff took shape—to Donald Trump’s, the White House has always been filled with ambitious people playing for the highest stakes and bearing bitter grudges.
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The Dow futures have plunged 900 as gold soars $40 and silver prepares for a major breakout on news of the spread of the Coronavirus.
The post CORONAVIRUS MARKET SHOCK: Dow Futures Plunge 900, Gold Soars $40 And Silver Prepares For Major Breakout appeared first on King World News.
