Silver Signals The Flight To Real Safety Is On Again – Fund Manager…”The U.S. economy is starting to collapse.”
SilverDoctors.com
November 3, 2016
The movement back into non-fiat assets is starting again – anything connected to debt, like housing, is a de facto fiat asset.
The best indicator of this is not gold, but silver:
Gold is powering higher because the dollar is dropping. The dollar index is down 1.7% in the last 3 1/2 trading sessions. It’s down 2.3% vs the euro in the last 5 1/2 days, down 2.1% vs the yen in the last 3 days and down nearly 2% vs. the Swissie since Sunday night.
This is NOT about the political chaos connected to the U.S. election. That’s a sideshow distraction to the real problems going on behind the scene.
The U.S. economy is starting to collapse. This is becoming glaringly evident from most of the data, notwithstanding the highly manipulated economic reports like auto sales.
The movement back into non-fiat assets is starting again – anything connected to debt, like housing, is a de facto fiat asset. The best indicator of this is not gold, but silver. Silver was correlating with SPX for most of October, when the investment “thesis” was “a strengthening economy is good for industrial metals.”
The Rest…HERE
