We should be getting very close now. 90-95% of bloodbath phases lasts 5 to 7 days. We are now entering day 7 (today). Gold looks like it is in a coil, hitting supports..
Emerging market bonds face a $237 billion cascade of defaults, reports Bloomberg, with Sri Lanka already stopping its payment to bond holders this year.
The precious metals outperformed even though they also went down. Signs abound that the precious metals could be in the throes of making important cycle lows even if the final low is still months away.
On one hand, the bankers are being honest about having lost control of the situation; on the other hand they're being somewhat dishonest about the economy..
The euphoric US dollar rocketing stratospheric to extreme multi-decade highs slammed gold this week! That vertical surge ignited heavy gold-futures selling, hammering..
