Andy Schectman: Central Banks Are FINALLY Ready to Reveal the ENTIRE ENDGAME, Gold Prices Will Soar

At least 6.4 trillion dollars was wiped out in a global stock market meltdown on Monday. There was widespread panic from New York to Japan as traders fought fears of a US recession and what it would mean for the global economy. Over the past decade or so, the global economy has been solely supported by three popular beliefs. One is that the US economy, the dominant backbone of the global economy, will always be resilient and strong. The other is that nobody believed Japan would suddenly end its decade-long quantitative easing measures and start raising rates. Additionally, there were lots of expectations that the AI bubble would continue to prop the markets up for much longer.

Each one of these popular beliefs has been tested in the past week. On Friday, the US Bureau of Labor Statistics released the July jobs report, which was in stark contrast to the pervasive belief of resilience and economic growth. Job listings in July dipped far below expectations and previous months' numbers, and unemployment soared to 4.3 percent. The effect of the news was instantaneous, with about 2 trillion dollars wiped off the stock market. The meltdown worsened on Monday and swiftly spread through the global stock market and other asset classes, including cryptocurrencies and the resource sector.

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Credit: Arcadia Economics
Andy Schectman: Retail Gold, Silver Buying Picks Up After Stock Market Plunge

#gold #goldpriceprediction #andyschectman #silver #silverprediction

[cecipoty]

Impressive video, the financial landscape is intricate, with forces affecting equities, stocks, bonds, silver, gold, and Bitcoin. Economic uncertainties add complexity. Technical analysis is crucial for adaptable investment strategies. Loraine Souvenir, with expertise in cryptocurrency and traditional trading, coupled with her holistic approach and commitment to staying current, is an essential guide in navigating this new era in the ever-evolving financial landscape..

[BrilloHead]

So, if their prediction comes true, my total holdings of gold and silver would be worth over $7 million when all said is done. I would go from being a lower middle class to being a multi millionaire. Wow. That's just splendid. 👏👏👏

[yu-jdjg]

The US$ asset bubble must be allowed to pop before any meaningful recovery can be initiated. If the Fed tries to intervene again it will make matters worse and recovery more difficult and painful if not impossible

[marcgraham]

I looked into it and gold has outperform the S&P, but not including dividends

[chriseustace]

Much regrettably there is great difficulty in educating the non-believers of the massive benefits of wealth preservation by having even a minuscule 5% of their portfolio invested in gold, saying their investments have performed well to date!😱

[sarabun]

We allow God’s money to rise for our salvation.
Thanks 🙏 Love 💗