The US abandoned the gold standard in 1971, enabling unlimited money printing and potentially leading to a hyperinflationary crisis, as evidenced by the 10-year note yield increasing from 3.68% to 4.5% in one month.
BRICS nations are planning a new gold-backed currency to challenge the US dollar’s dominance, with Russia controlling 45% of platinum, palladium, and rhodium markets.
Gold, silver, and platinum are expected to benefit from the collapse of the debt system, with potential record highs of $502 for silver and $900 for platinum due to industrial demand shifts.
Russia is allocating significant rubles to precious metals like palladium, platinum, and silver, potentially causing financial shocks in these markets.
The US is reportedly importing tens of thousands of Haitians and convicted criminals, which some view as a deliberate attempt to destabilize Western society and lower living standards.
The bond market collapse and increasing yields indicate an imminent hyperinflationary crisis, potentially benefiting gold and mining stocks.
South Africa’s control of 55% of platinum production, combined with Russia’s market share, could lead to significant disruptions in precious metals markets.
The creation of a BRICS gold-backed currency could significantly impact the global financial system and challenge the US dollar’s reserve currency status.
Technical analyst Chris Vermeulen predicts the S&P 500 could reach 6,300-6,000 by end of 2024, a 4-5% gain from current levels, driven by stronger earnings expectations, seasonality, and the election cycle.
Vermeulen warns of a potential 30-50% stock market decline in the next year, comparing the current rally to the 2008 financial crisis and Tech bubble, with the possibility of a “lost decade” and “Black Swan event”.
The weekly chart of the S&P 500 is reportedly identical to the setup before the 2022 bear market, signaling a potential turning point and reversal.
Gold’s monthly chart at a max target of $27.75 is considered a “war warning sign” that the stock market may be nearing a top, reminiscent of the 2007 stock market rally.
Oil’s divergence from the S&P 500, falling while stocks rise, could signal recessionary conditions if it breaks down to $40-$50/barrel, potentially triggering a global economic slowdown.
While real estate is historically stable, buying at peak prices risks 20-30% losses and negative cash flow if interest rates rise and rents fall.
Vermeulen’s “Asset Reves” strategy focuses on rotating between 4 key asset classes (stocks, bonds, currencies, cash) based on trends, risk, and momentum, with 5-12 trades per year.
Vermeulen advises against shorting stocks at all-time highs due to unlimited risk and going against the trend, emphasizing the importance of technical analysis for identifying trend changes and support levels.
US stock markets have historically shown a pattern of rallying into presidential elections, peaking a few months after, and then declining, as evidenced by stock charts spanning 100 years and specific examples from 1968, 1972, 1976, and 1980.
If Trump wins the 2024 election, the stock market could experience a significant rally, particularly in October and November, as portfolio managers chase stocks to boost year-end returns.
The S&P 500 and Dow Industrials are breaking out of recent ranges, with transports close behind, potentially signaling positive short-term economic outlook according to Dow Theory.
The current market cap to GDP ratio is slightly above the 2021 highs, reaching “nose B levels“, raising questions about the market’s potential for further growth.
Junior mining stocks may be breaking out of their long-term downtrend, based on century-long stock chart analysis.
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