Steve St Angelo: The Performance Of Gold & Silver During The Coming Stock Market Crash
SilverDoctors.com
August 15, 2018
Steve says not to expect a repeat of 2008 with the metals crashing alongside the stock market. Here’s why we’ll see a much different outcome…
by Steve St Angelo of SRSrocco Report
While many investors believe the gold and silver price will crash during the next market meltdown, I see a much different outcome. Yes, it is true that the metals may sell off initially in the beginning, but I believe gold and silver will disconnect from the broader markets and move up much higher.
The reason I see the precious metals disconnecting from the broader markets during the next major correction is due to the much different setup today in the gold and silver market than it was in 2008. Precious metals investors forget just how overvalued the gold and silver prices were based on technical analysis. Of course, I am not talking about the true “Store of value” properties of the precious metals, but rather, how they trade in reference to the market in general.
As I have stated many times, the paper trading market determines the price of gold and silver, not the physical buyer. Thus, the paper market will continue to control the gold and silver prices until investors realize the dollar is just another worthless fiat currency.
In my newest video, How Will Gold & Silver Trade During The Next Market Crash, I use a few indicators to explain why I don’t see a huge crash in the gold and silver prices during the next major market correction:
In the video, I discuss how the broader markets are setting up for a significant correction lower while the precious metals are behaving more like a coiled spring. Although, in the initial stages of market meltdown, we could see a broad-based selloff across all markets. However, the technical analysis suggests that the gold and silver prices are much closer to a bottom than a top.
The Rest…HERE
