Stocks And Precious Metals Charts - A Light In The Darkness -

Stocks And Precious Metals Charts – A Light In The Darkness

Jul 08, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashStocks wobbled but managed to extend their gains and new highs.The market has narrowed significantly and is fairly overextended — and complacent.We are overdue for a correction. And given a sufficient exogenous trigger a decline of 10 to 20 percent is certainly not out of the question. There are warnings in the air.But market participants are set up to ‘lose their shit’ as the saying goes. Complacency, fueled by pride, goes before a fall. Even presidents and kings are prone to this human failing.They never see it or want to see it, coming.Gold and silver were pinned back. Gold has so far confirmed a short-term double-bottom W formation that if it is activated will take it up to the $2490 region. But we are not there yet.Gold is under pressure because the Banks with their Banker-auntie at the Fed are playing some dangerous games with asset liabilities and leverage. I know that is hard to believe — even after they have failed at this in spectacular fashion, two or three times in the last 20 years.It’s what they do. They are sociopaths, and will likely never learn to act any differently. And along with them in this ongoing control fraud are the professional elite, the plutocrats, and their politicians. And why should they not push on, when they are winning. It’s an old, familiar story.The same goes for national leaders and some countries, who seem to be swirling with reckless abandon towards their own rendezvous with destiny.Madness. A tragic spectacle of delusion.Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – The Poisoned Chalice Of Empire Stocks And Precious Metals Charts – Light Pre-Holiday Trade Stocks And Precious Metals Charts – Holiday On Thursday