As Global Markets Brace For Another Wild Week, One Of The Greats In The Business Just Flashed This Major Alert On Gold

Monday, October 22, 2018
By Paul Martin
October 22, 2018

As global markets brace for another wild trading week, one of the greats in the business just flashed this major alert on gold. This also answers the question that so many have been asking — how will gold and gold stocks perform if the stock market collapses?

By Trey Reik, Senior Portfolio Manager, Sprott USA
October 22 (King World News) – Over our two decades following global monetary affairs, we have often marveled at default confidence awarded the Federal Reserve. Don’t misinterpret us — the Fed’s power borders on surreal. Seven governors and twelve regional bank presidents set the price of money not only for the world’s largest economy, but through auspices of the dollar standard system, for the entire globe. No matter how practical “don’t fight the Fed” logic has proven over time, it does not diminish the folly that 19 capable and well-supported individuals might possibly price the world’s reserve currency more efficiently than free markets.

Record valuations for U.S. financial assets have inured investors to the daunting risks of unwinding eight years of QE and ZIRP. Because such radical monetary policy has never before been deployed, our 19 monetary mandarins, by definition, command no special insight into broad implications of Fed policy normalization. Into this unprecedented monetary vortex steps new Fed Chairman Jerome Powell, a seemingly low-key and forthright communicator bent on rational steps to normalize Fed policy…

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