Our President knows precisely how the USA should be run in this global expanding deflationary environment while “enticing” their money to the safety of the US stock market. This is either pure economic brilliance or the President is inspired by God.
The bank stocks getting hit you will notice are all those with high derivative exposure linked back to Deutsche Bank. That means the leader in this banking risk decline is, of course, Goldman Sachs. The others in order of risk are Citigroup; Morgan Stanley; Bank of America, and JPMorgan Chase. The bank with the LEAST exposure to derivatives is Wells Fargo.
Gold and Silver rally into September and should be topping out before Octobers end. As you can see, our daily and weekly charts for Silver and Gold signals have proven profitable, but the internals show signs of a tired rally. What should you do?
So, is It time to buy gold? As always, the financial media is starting to guide the public towards Gold. Now… within a few months of a top!