from The Money GPS:
5 Signs That Global Financial Markets Are Entering A Bear Market, And 11 Ways That You Can Get Prepared For The Chaos That Is Coming…
by Michael Snyder, The Economic Collapse Blog:
We haven’t seen carnage like this in the global financial marketplace in quite some time. On Wednesday, U.S. stocks were down some, but things were much, much worse around the rest of the world. Global banking stocks are plunging, emerging market stocks are cratering, and emerging market currencies continue their stunning decline. This represents a dramatic change from the relative stability that we have seen throughout most of 2018. It is almost as if someone flipped a switch once the month of August began, and the shakiness of global financial markets has many investors wondering what trouble fall will bring. What we are witnessing right now is not a full-blown panic yet, but it definitely has the potential to turn into one.
THE BANKERS ARE HAVING DIFFICULTY SUPPLYING GOLD TO OUR LONGS WHO STAND FOR METAL
by Harvey Organ, Harvey Organ Blog:
GOLD WHACKED $16.90 TO $1298.00 AND ANOTHER 5 DOLLARS IN THE ACCESS MARKET//SILVER DOWN 38 CENTS TO $15.23: AND ANOTHER 5 CENTS IN THE ACCESS MARKET//THE BANKERS ARE HAVING DIFFICULTY SUPPLYING GOLD TO OUR LONGS WHO STAND FOR METAL: REGISTERED GOLD IS DOWN TO 11 TONNES AND NO APPRECIABLE GOLD HAS ENTERED THE GOLD COMEX FOR OVER A YEAR//POWERHOUSE EXPORTER SOUTH KOREA SAW ITS EXPORTS PLUMMET 11.1% MONTH/OVER LAST MONTH//THE EXTRADITION OF MENG (HUAWEI) IS ALLOWED TO PROCEED WHICH WILL ANGER CHINA//POOR USA ECONOMIC NUMBERS REPORTED TODAY/SWAMP STORIES FOR YOU TONIGHT
The Gold Spec Washout Begins-Craig Hemke (15/05/2018)
by Craig Hemke, Sprott Money:
As we type this on Tuesday the 15th, the price of COMEX Digital Gold is down nearly 2% on the day. This places it under $1,300 per ounce and below its all-important 200-day moving average.
Over the last two weeks, we’ve attempted to summarize the risk of this event through weekly columns that are distributed here by Sprott Money. If you haven’t been following along, you should be sure to review these two posts, as they pretty well encapsulate the goings on today:
