One Of The Wildest & Most Shocking Bull Markets In History Is About To Unfold

Sunday, February 26, 2017
By Paul Martin

KingWorldNews.com
February 25, 2017

One of the greats in the business just told King World News that one of the wildest and most shocking bull markets in history is about to unfold.

The World Is Headed For Radical Change
Stephen Leeb: “Old-timers (like me) may remember that back in the middle of the 20th century, there was something dubbed “the General Motors indicator.” In that era, autos made up one of the economy’s largest sectors, and General Motors was far and away the dominant auto manufacturer. The theory was that if General Motors shares rose, it pointed to higher car sales and a peppier economy, in turn suggesting the stock market as a whole was likely headed up. The indicator had a pretty good batting average, especially when it came to predicting the economy…

The Leading Indicator In The World Is Now The Price Of Gold
Today if you want to know where the financial markets are headed, there’s no comparable stock that represents the U.S. economy. Moreover, even if there were, it wouldn’t really matter because today the U.S. economy no longer is the most important economy to watch. That honor has shifted to China, whose impact on global growth has overtaken America’s. And the best leading indicator – if by no means a flawless one – for predicting the Chinese economy isn’t an individual stock. Rather, it’s gold, with silver following right on its heels.

Over the past decade or longer, any sign of trouble in China has set the financial markets on edge. In early 2016, China’s currency and stock market were in near free fall, and U.S. markets had the worst January on record. But when gold started to advance sharply prior to any other evidence that China was out of the woods, it was a sign that China would right itself. It also undercut the vaunted “January effect” indicator, which says that as January goes, so goes the rest of the year.

The Rest…HERE

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