It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.
China currency devaluation signals endgame leaving equity markets free to collapse under the weight of impossible expectations.
The Telegraph’s John Ficenec has written an excellent piece warning of a possible market crash in the coming weeks.
He identifies eight key “signs things could get a whole lot worse.”
1 – China slowdown
2 – Commodity collapse
3 – Resource sector credit crisis
4 – Dominoes begin to fall
5 – Credit markets roll over
6 – Interest rate shock
7 – Bull market third longest on record
8 – Overvalued US market
John Ficenec is a market and finance expert and is Editor of the Questor column at Telegraph Media Group working across the Daily and Sunday titles and online. He is a qualified accountant who trained at KPMG before moving into asset management and the private equity industry. He has worked in financial journalism since 2011 and joined the Telegraph in 2013. He won ‘Article of the Year’ in the 2013 CFA Society of UK awards.
As we know, a picture paints a thousand words and the article is replete with a number of excellent charts which should give even the most complacent investor pause for thought.
The convincing thesis can be read in GoldCore Commentary here
Today’s Gold Prices: USD 1,117.30, EUR 1006.17 and GBP 714.34 per ounce.
Friday’s Gold Prices: USD 1,116.75, EUR 1002.11 and GBP 715.29 per ounce
Gold and silver gained over 2% and 3% last week. After those gains, both precious metal took a breather on the COMEX on Friday. Gold and silver were mixed – gold was flat and silver fell 1%.
This morning, gold is 0.4% higher to $1,118.60 per ounce. Silver is 0.2% higher to $15.37 per ounce.
Platinum and palladium are 0.5% and 0.2% higher to $1,001 and $623 per ounce respectively.
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China Surprises for a Second Time This Week With More Gold Data – Bloomberg
Gold Holds Gain After Posting First Weekly Advance Since June – Bloomberg
Gold steady as focus returns to U.S. rate hike view – Reuters
Bears Miss Gold’s Best Rally Since June as Analysts See Declines – Bloomberg
China Says Gold Hoard Climbs 1.1% in Data Transparency Push – Bloomberg
Doomsday Clock Strikes One Minute To Midnight For Global Market Crash – The Telegraph
Beware a China crisis that could crash down on us all – The Telegraph
How The Wall Street Ponzi Works——The Stock Pumping Swindle Behind Four Retail Zombies – David Stockman’s Contra Corner
The ‘Big Long’ Gets Bigger As Goldman And HSBC Gobble Up Tons More Gold – Seeking Alpha
Germany Continues To Lead The West In Physical Gold Demand – GoldSeek
Billionaire Stanley Drucknemiller Loads Up On Gold, Makes It His Largest Position For First Time Ever – Zero Hedge