Have the equity markets finally peaked? In our view, they should have never carried on as they have - but with psychopaths at the helm of the financial sphere, you just never know what the future will bring.
It’s been a long, long time since financial markets have actually reflected what’s taking place in mainstream economies, and as such, it’s been a similarly long time since we've even bothered to try and correlate the two.
Continuing from part 1, Why the Paper-Price of Gold and Silver Matters, as promised, we’ll start with a chart of the dollar and discuss the various heights to which this dirtiest of all shirts can elevate itself. Since basing at 78.91 back in May of 2014, the fed-injected steroids really kicked in. The dollar value has surged more than 16% in nine months - and is now trading north of the 90-handle.
Part 1: If you are at all inclined to agree with the largely
defensive and reflexive concept that paper-prices (i.e. dollar-values) for all products,
commodities, and services are virtually meaningless, you’re going to want to
read this. If you are especially quick in holding to the notion that the
paper-price valuations of gold and silver simply don’t matter, read on – we’re
going to share some opinions as to why all of these paper-prices do matter.