All the indicators I look at seem to point to a repeat of August 2008. Leading the pack is the price of crude oil that started to tip over in July, just like it did 3 years ago. Let's review the charts:
Stock market volatility is rising:
Foreign stock markets are forming death crosses:
Germany
France
Canada the energy superpower
Australia the resource powerhouse that sell to China
And our best leading indicator, Semiconductors, does not look healthy either:
So no wonder gold is hitting record highs.
Got gold?
Stock market volatility is rising:
Foreign stock markets are forming death crosses:
Germany
France
Canada the energy superpower
Australia the resource powerhouse that sell to China
And our best leading indicator, Semiconductors, does not look healthy either:
So no wonder gold is hitting record highs.
Got gold?
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