Good afternoon fellow Steemians. This is more important than one might suspect. We often ignore warnings. If JP MORGAN speeks of potential trouble we should listen. By the way, Morgan has loaded up on silver and gold at these depressed prices.
above: goldseek.com
Above: JP Morgan.
It is the debt and it is a crisis. See chart above and another reason gold and silver are set to move much higher.
As a student and former market professional, we are seeing dangerous market action. The other day, down 550, closes up 250 as the gov. does damage control. Rumer of tariffs, market tanks. The Mention we may not have tariffT and a revearsal. Today, more fears of tariff!.
The chart below says it all.
We have annoyed our important Asian trading partners. Tariffs never work. The dollar is headed subtantially lower. To benefit? Silver/Gold and I believe Bitcoin as well.
The dow will find some support again probably near here and rally. this game is soon over. Sell into any serious strength, although the powers to be are desperate to keep things supported. They are running out of ammo. SEE CHART of DOW SUPPORT, above.
Thanks....UPVOTE..FOLLOW
Hopefully it at least brings a rise in alt coins ! Upped and resteemed !👍
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Crazy
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you bet and thanks,
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Interesting. Thanks for sharing 👍
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It’s coming, Silver will lead and Morgan has massive amounts accumulated
https://steemit.com/steemsilvergold/@heyimsnuffles/the-coming-rise-of-silver-and-gold-usdgld-usdslv
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you and I are on the same page...thanks for sharing my friend.
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Hmmmmm. Not the best of news, but not unexpected.
I think if the market takes a serious dump the possibility of the rise of altcoins is really possible. I'm thinking that's where some of the precious metals money has already gone.
Thanks for a truly great report.
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thanks Tom!! appreciated.
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Gold and Silver has been suppressed for years now. Yet Jim Rogers says he's waiting to buy gold under 1000.....But he's not selling what he owns. I like Rogers and long the dollar, saying as the down crashes people will panic into the dollar like they always have. What do you make of that Stat-man?
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good point, and I respect Rogers but he has been wrong for two years. The dollar is headed lower. the Chinese really are at econimic war with us and they will do what they can to insure a weak dollar, forcfing the US to raise interest rates to help prop up the dollar. The economy is slipping right now. We will have inflation and recession, called "staglflation". Gold and silver are headed higher. thanks for the comment TP!
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Wow. You really know what you are talking about! Thank you for the explanation!
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But, if I'm not wrong, in the crypto world Jamie Dimon's credibility is nil?
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agree.....(cimpletely)..but they hav loaded up past two years on gold/silver...."something is up". the dollar is going much lower..and that will beneft crypto..thanks for the visit!
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