60-Year Market Veteran – The Terrifying Big Picture
November 7, 2013
With continued uncertainty in global markets, a 60-year market veteran sent King World News an absolutely incredible piece discussing the terrifying big picture. He also included some fantastic commentary to go along with seven key charts and illustrations. Below is six-decade market veteran Ron Rosen’s extraordinary piece.
By Ron Rosen
November 7 (King World News) – “The Terrifying Big Picture”
It’s easy to see that ever since the year 2000 gold bullion has been in a bull market and the S&P 500 has been in a megaphone pattern bear market. Gold has dramatically increased in price while the S&P 500 has done nothing but go up and down. The Fed’s QE’s, plus a twist, are placed on the chart of the S&P 500. They inform us of when the Fed believed it had to goose the economy and the markets in order to keep them from collapsing. OK, but what’s next? Will gold keep going up? Will the S&P 500 head down again?