Expect Higher Gold & Unemployment As Stocks Set To Plunge

Friday, January 11, 2013
By Paul Martin

January 11, 2013

With continued volatility in global markets, including gold and silver, top Citi analyst Tom Fitzpatrick put together a series of key charts which forecast a dramatic increase in unemployment, a massive drop in stocks, and a significant move higher for gold. Below is his excellent piece including a fascinating series of charts.

Here is what top Citi analyst Fitzpatrick said in two reports, along with powerful charts: “Initial Claims, one of our favorite leading indicators of the overall economic picture, appear to be bottoming, pointing to a deteriorating employment situation in the US. Additional red flags are being raised by Small Business, ISM and Consumer Confidence.

Fitting with idea that a low could be forming just as it did in late 1978.

The Rest…HERE

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