Category Archives: Gold and Silver

Goldman Sachs Has Just Issued An Ominous Warning About Stock Market Chaos In October | Zero Hedge

Source: Goldman Sachs Has Just Issued An Ominous Warning About Stock Market Chaos In October | Zero Hedge

Are we about to see U.S. financial markets go crazy?  That is what Goldman Sachs seems to think, and it certainly wouldn’t be the first time that great financial chaos has been unleashed during the month of October.  When the stock market crashed in October 1929, it started the worst economic depression that we have ever witnessed.  In October 1987, the largest single day percentage decline in U.S. stock market history rocked the entire planet.  And the nightmarish events of October 2008 set the stage for a “Great Recession” that we still haven’t fully recovered from.  So could it be possible that something similar may happen in October 2019? 

For investors taking a breather from the chaos in August, buckle up as the market is about to go crazy again, Goldman Sachs warned.

Wall Street is now inches away from reclaiming its record highs, but a rockier ride could be around the corner as stock volatility has been 25% higher in October on average since 1928, according to Goldman. Big price swings have been seen in each major stock benchmark and sector in October over the past 30 years, with technology and health care being the most volatile groups, Goldman said.

Goldman derivatives strategist John Marshall is the man behind this new warning, and he believes that there are some fundamental reasons why the month of October is often so volatile…

“We believe high October volatility is more than just a coincidence,” John Marshall, equity derivatives strategist at Goldman, said in a note Friday. “We believe it is a critical period for many investors and companies that manage performance to calendar year-end.”

And even though October hasn’t arrived yet, we are already starting to see some things that we haven’t witnessed since the last financial crisis.

For example, the Federal Reserve had not intervened in the repo market since 2008, but this week the liquidity crunch was so bad that the Fed felt forced to conduct emergency overnight repurchase agreement operations on Tuesday, Wednesday, Thursday and Friday.

And then on Friday the Fed announced that it will continue to conduct emergency interventions “on a daily basis for the next three weeks”

The New York Federal Reserve Bank said Friday it will inject billions into the US financial plumbing on a daily basis for the next three weeks in an effort to prevent a spike in short-term interest rates.

The Fed will offer up to $75 billion a day in repurchase agreements — exchanging secure assets for cash for very short periods — through October 10, it said in a statement.

In addition, it will offer three 14-day “repo” operations of at least $30 billion each.

In essence, the “plumbing” of our financial system has gotten all jammed up, and calling out Roto-Rooter is simply not going to get the job done.

Of course Fed officials are trying to assure us that this is no big deal and that they have everything under control.

But if all this is no big deal, why haven’t they had to conduct such emergency interventions for the last 11 years?

And this comes at a time when the deterioration of the U.S. economy appears to be accelerating.  In fact, on Friday St. Louis Fed President James Bullard publicly admitted that the U.S. manufacturing industry appears to already be in a recession

The US manufacturing sector “already appears in recession” and overall economic growth is expected to slow “in the near horizon,” St. Louis Federal Reserve Bank president James Bullard said on Friday, explaining why he dissented at a recent Fed meeting and wanted a deeper, half-percentage-point rate cut.

That is a stunning admission, because normally Fed officials try very hard to maintain the narrative that everything is wonderful because they are doing such a great job of manipulating the economy.

The American people as a whole are becoming increasingly pessimistic about the economy as well, and Gallup just released some very alarming numbers

Americans’ confidence in the economy has become less rosy this month as Gallup’s Economic Confidence Index fell to +17 from August’s +24 reading, marking the lowest level since the government shutdown ended in January.

At the same time, the public is evenly divided over the likelihood of a recession in the next year. The current expectation of a recession is nine points higher than it was in October 2007, just two months before the Great Recession began but slightly below a February 2001 reading, one month before that eight-month-long recession.

Every economic indicator that we have is telling us that big trouble is heading our way, but most Americans are partying instead of preparing.

U.S. financial markets have never been more primed for a crash than they are at this moment, and so many of the exact same patterns that we witnessed just prior to the last recession are happening again right now.

Over the past few months, my wife and I have felt a sense of urgency unlike anything that we have ever felt before.  You may have noticed a difference in our tone and in the types of stories that we have been sharing.  Everything that we have been doing has been leading up to this.  The time of “the perfect storm” is here, and most Americans won’t understand what is happening.

The storm clouds are looming and disaster could strike at any time.  This is one of the most critical times in the history of our nation, and most Americans are completely unprepared for what is going to happen next.

Weekly News Wrap-Up 8.16.19 & Bo Polny on Coming Market Crash – YouTube

Published on Aug 15, 2019

If you wanted another sign the economy is not doing well, look no further than the latest allegations General Electric is a “bigger fraud than Enron.” The person making this charge is Harry Markopolos who uncovered the $60 billion Bernie Madoff scam years ago. This is a DOW 30 stock, and downside of this news, if proven true, is dire. Deutsche Bank (DB), the financial institution the International Monetary Fund (IMF) called the “most systemically dangerous bank in the world” back in 2016, hit a fresh new all-time low of $6.44 per share. Charles Nenner predicted that if DB went below $6.40, it would head to $0 in the not-so-distant-future. Will world renowned, market cycle expert Charles Nenner be proven correct? Analyst Bo Polny, market cycle expert that applies the Bible to his work, says a “worldwide market crash is coming in 2019.” Polny says gold and silver prices are headed to new all-time highs, and there will be severe market down turns coming in the months ahead. This is a first ever live interview included within the Wrap-Up. Join Greg Hunter as he talks about the big financial stories of the week and also interviews Bo Polny of Gold2020Forecast.com about a market crash of Biblical proportions coming soon.

PREPARE NOW! Currency Reset: Biggest Currency Reboot Confirmed 100% in 2020 – Gregory Mannarino

Global Finance Articles

Published on Jul 9, 2019

Gregory Mannarino – More Debt = More Power for Central Banks

Greg Hunter

Published on Jul 7, 2019

Greg Mannarino, founder of TradersChoice.net, says the only thing you can count on in this economy is more debt being created. Mannarino says, “World central banks’ power exists in one thing, and that is their ability to issue debt. The more debt they issue, the stronger they become. So, they are loving this.” Mannarino says the end game is simple, and that is “a gigantic wealth transfer effect. . . . The global central banks are going to create a massive, massive problem, and then they are going to offer a solution. It’s the same scenario over and over again.” Mannarino says central banks are signaling “this is the time to buy gold and silver because they are telling you they are going to create debt and devalue global currencies.” Mannarino says, “Get out of their system and become your own central bank by getting hard assets like physical gold and silver.” Join Greg Hunter as he goes One-on-One with Gregory Mannarino of TradersChoice.net.

The New Economy Was Just Announced, Did You Catch It – Episode 1901a

X22Report

Published on Jun 24, 2019

Report date: 06.24.2019 The Supreme Court has now rejected the challenge to Trump’s steel tariffs. Kim Jong Un receives a letter from Trump right before the G20 summit. Trump says we will not protect oil shipments, in the middle east, welcome to the new economy. Trump attacks the Fed again and gives the people of the US the message that the economy is about to change. All source links to the report can be found on the x22report.com site. Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place. Intro Video Music: YouTube Free Music: Cataclysmic Molten Core by Jingle Punks Intro Music: YouTube Free Music: Warrior Strife by Jingle Punks Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo. The X22 Report is “one man’s opinion”. Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision. Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence before making any significant investing decisions.

John Rubino – $10,000 Gold will be a Bad World

Greg Hunter

Published on Jun 11, 2019

Financial writer and book author John Rubino warns, ““Pretty much the only way out for central banks is they will have to devalue their currency aggressively to keep the debts from blowing up on us and completely destroying the financial system. That is a great environment for gold. It will become more and more apparent to people going forward. . . . As you add to your position (in gold and silver), the big trend will be positive for you. . . . Debt is continuing to soar . . . and that is continuing and accelerating right now. So, if the big bad trend is accelerating, then the big bad result of that trend is getting closer and closer, but timing is impossible to predict. . . . When this thing really begins to spin out of control, it’s too late to protect yourself. . . .You really hope you don’t end up in a world where gold is $10,000 per ounce because that is a bad world in a lot of ways. If that is no longer just a possibility but a probability, you need to protect yourself in some way. That’s what precious metals do.” Join Greg Hunter as he goes One-on-One with John Rubino, founder of DollarCollapse.com.