Today all major indices in the equity markets finished down. Oil closed below $80 for the first time in a long while. However GOLD weathered the storm and finished higher. When you see oil down and gold up in the same trading day start paying attention. The energy sector (oil) is what props up the whole US stock market. It could not drag gold down with it indicating heavy buying in the physical gold markets. Money is starting to flow out of the bond markets and into physical assets; particularly silver and gold. That being said be on the lookout for some type of false flag event that effects the price of oil. Might be an oil refinery fire, another tanker stuck sideways in a major trade route, a bombing and threat of war etc. Every time oil dips below a certain level the big 5 US banks start losing billions on their massive positions that are leveraged with trillions in derivates debt. Whenever this happens they use false flag events to effect market psychology and drive the price of oil back up. Oil will rebound and go even higher until they can no longer keep the US markets afloat. In the end the markets have no choice but to do a massive price correction and reversion to the mean which will wipe out all the manipulation that has taken place since the last crash in 2008. When stock markets crash like they did in 1929, 1987 and 2008 the manipulations had run their course and what you saw was the markets reverted back to the mean ( true value ). When it happens again gold is where Im going to be.
Best wishes -Lamont
Dow 35,931.05 -211.1 -0.58%
S&P 500 4,688.67 -12.23 -0.26%
Nasdaq 15,921.57 -52.28 -0.33%
GlobalDow 4,114.26 -12.87 -0.31%
Gold 1,869.30 15.20 +0.82%
Oil 78.06 -2.70 -3.27%
