…A giant top started to form in the S&P 500 index with the January 2018 peak, which means that it has been setting up for a bear market for fully 16 months now and the market is now in position to crash. Frankly, it's imminent. What very often happens when markets crash is that key support is breached on a Friday, after which traders have the weekend to brood about it and many decide to hit the sell button the following Monday, and a near tsunami of sell orders hits the market at once forcing a steep self-feeding decline. That is what looks set to happen this Monday.  The stock market has discerned nasty storm clouds on the horizon, presaged by the inverted yield curve and partly resulting from fallout from the trade war…Trade is a two way street and the attempt to inflict damage on your trading partners is going to drag you and everyone else down too. This is why what is going on now is very similar to what went down in the 1930's with protectionism, trade wars and then depression leading to a major war, and we have the perfect flashpoint for a major war in the form of Iran…The impending crash will be much more severe and have much more serious consequences than any hitherto, because of the catastrophic debt overhang that has built up. In this situation gold will become the best investment because it has an intrinsic value that cannot be eliminated… On Friday…the Precious Metals sector showed strength…[but] this may just have been a ?pop? on the part of the PM sector, which could yet turn and drop with the market. We will have to wait and see what happens next week. If the broad market drops hard and the PM sector advances it will mean that it has already acquired safe haven status, and in general it will be safe to buy the sector with stops beneath recent lows. To conclude, a devastating crash looks imminent and full defensive mode is the order of the day. Editor's Note: The above excerpts* from the original article have been edited ([ ]) and abridged (?) for the sake of clarity and brevity. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.Scroll to very bottom of page & add your comments on this article. We want to share what you have to say! (*The author's views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.)The post Devastating Stock Market Crash Imminent - Full Defensive Mode Necessary - Get Into Gold Now appeared first on munKNEE.com. |
