When you bring up the potential of a market crash occurring, the September to October timeframe is typically when they occur. We saw crashes in September of 1791 when the First Bank (NASDAQ:The Wall Street Crash of 1929 was in October. Black Monday was in October of 1987 followed by a mini-crash in October of 1989 and another mini-crash October of 1997. The market got hit in September of 2001 with the 9/11 attacks.
The trading system that I will be introducing with the release of my new book has had nothing but selling going on the last 3 weeks, meaning getting out of trades that have been profitable. It was just 2 weeks ago we had theWhy have the markets recovered? What will markets do next? What will the effect be on gold and silver? Let’s dive into these questions and see if we can come to some conclusions.
The Fed doesn’t make panic moves as they didn’t do an emergency rate cut when the Dow fell 1000 points a couple weeks ago. They need bigger reasons to save the market. But remember, the Fed couldn’t do anything to help out the economy when all hell was breaking loose in the early 80’s. On the other side of the aisle, there is a proposal for a 10% tariff on most foreign goods. Remember, it doesn’t matter who is in charge, the printing presses will be running 24 hours a day.
What would happen to the price of gold? Presumably, the potentially unlimited supply of cheap gold would cause the market price of gold to plummet. Indeed, if the market for gold is to any degree efficient, the price of gold would collapse immediately after the announcement of the invention, before the alchemist had produced and marketed a single ounce of yellow metal.
Bernanke goes on to say one important thing that needs to be considered by everyone reading this article. They stole the individuals they took the gold from and devalued the dollars they gave them in return, thus helping themselves to a windfall and in Bernanke’s own words, “The economy grew strongly, and by the way, 1934 was one of the best years of the century for the stock market.
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