Crash coming. Prepare for the worst economic disaster worse than the Great Depression

A parabolic advance like this is usually followed by a correction of -85% on average. Choose your hedging strategies wisely bois.

zoom across more

thats literally coming back to 20s

no zoom across a little but then zoom through

do a FFT and then flip it 90 degrees and the picture will become clear

I’ll go with the one with thousands of years of history as a hedge.

I'm all in on wheat and corn futures myself
good choice, fellow foodchad

You know, the further you zoom out the less daunting recessions are.

I'd be happy with a downturn to 2016 levels but knowing how markets react it's probably going to be a low of around the 2007 high.

Wheat and corn is 10000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 X better than shitcoins

Absolutely going to be a low lower than the 2008 low. How is a larger bubble going to be just as low as the previous bubbles high? Are you fucking retarded?

all you faggots need to zoom out

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thats even worse dude

>Trust me, I can predict the future of the markets, I know what I'm doing.

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Even 2007 only corrected to levels seen since 1998, around a 50% correction.

You'd need a market crash nearing the peak to trough from the Great Depression to knock the DOW back to to 1990s levels now.

Just did a rough calc and that's a 82% correction, down from 25600 to 2965.

What you're calling for last happened around 90 years ago.

I'm not saying I can predict the future, I'm just saying that if we were to have a correction, going back to the support range seen in 2015-2016 for a 30% loss makes sense to me.

After that, it's the 2012 resistance which is coincidentally the 2007 top. Which is also a 50% correction, the same percentage loss seen from peak to trough in 2007 to 2009.

Even if we only go back to 2016 levels, people will be screaming bloody murder.

just zoom

Well I can predict the future and we are fucked. Buy BTC.

Zoom out

Z O O M

Smart user, I'm doing the same. PM's and Crypto will make it.

And what of deflation?

nice meme user, there is no deflation in the US economy only INFLATION.

All of the US market corrections since 1982 have been deflationary ones.

Except those weren’t debt or currency related crises. Stagflation will cause a collapse in equities like we’ve never seen before. One quick look at Corporate and government balance sheets will show you this is a specially terrible situation we are in. Not just some greedy traders and mortgage brokers trying to scam the system.

Troll or retarded detected

Deflationary in the sense of equity markets contracting. Not deflation in currency terms.

What? The worth of the dollar rallied every time.

Where did you think the money coming out of equities went lol.

Sure as shit wasn't Gold. Get gets clobbered.

It won't crash in terms of USD as they will inflate the dollar to silently pop the bubble. In terms of purchasing power, invetsments will give a pitiful return.

>gov municpalities need bail out, no chance to sustain debt payments
>pensions are REKT
>boomers are a huge voting block who will be pissed if their retirement investments tank

The dollar will be sacrificed because there is no other option.

I think you’re looking at the wrong chart.

>USD to Gold Correlation

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You just contradicted yourself.

Everything is crashing. Dollar, real estate, stocks, btc the whole gambit.

deluded goldbug at it again

>Hide thread
>Click
Cope harder godl faggots !

Gold goes up during a recession idk where you’re getting your information faggot

I think you're the one who is misreading the chart. Look at the 2008 to 2009 period. Gold got crushed by 25%. The Dollar rallied hard.

Classic fake-out. Gold rallies into a recession based upon a fear factor. The determination whether it appreciates during the recession is down to if it is an inflationary or deflationary recession.

Think 1930s vs 1970s.

Gold appreciates in the lead up to recessions.

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Gold got crushed most likely because people were selling. Once the FED started QE the dollar went down and fold went up for fear of inflation. Gold is up everytime the fed assumes Keynesian cuck theory. Interest rate cuts, QE, all good for gold.

It’s a save haven asset and hedge against inflation. Once the FED annoucnes another rate cut next month watch gold break 1600. Citi bank and Goldman all said raised gold predictions 100-300 dollars within the next year. Seeing as how the kikes need a low gold price it’s safe to assume those numbers are actually much higher. Silver FTW.

You saw it here first, give me a cool name when my prediction comes true. Like.. "The true god amongst autistic faggots" a.k.a "TGAAF" or something

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Stack your shitcoins

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>Gold got crushed most likely because people were selling.

Gee Whizz.

>Once the FED started QE the dollar went down and fold went up for fear of inflation. Gold is up everytime the fed assumes Keynesian cuck theory. Interest rate cuts, QE, all good for gold.

I'm only going to say this once: Monetary inflation =/= price inflation

Last time it went into equities/real estate/ business. It never got into the nuts and bolts of prices because there were too many deflationary pressures post 2011 within the US economy.

Price inflation is more to do with the international supply chain than it is domestic monetary policy.

I know. I bought into silver in 2010 @ $20 and had a hell of a ride up to $49 in 2011.

Very sustainable market wannabe buffet baggage holder

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>Citi bank and Goldman all said raised gold predictions 100-300 dollars within the next year. Seeing as how the kikes need a low gold price it’s safe to assume those numbers are actually much higher. Silver FTW.

Goldman is notorious for putting out public guidance that is completely against what they and their clients are betting.

All I'm saying is be careful and invest in precious metals for the right reasons.

Pretty sure the last thing wallstreet wants is higher gold and silver prices.

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Pretty sure the last thing Goldman would do is recommend Gold if it was going to go up then.

jesus fucking christ u conspiracy driven zeitgestboomers "I read zerohedge and RT" should already get a grip on reality

The recession isnt coming inb4
>muh yield curve
There is so much more to an economy than the bond yield curve
>b-but its always been indicative of a recession
Yes but there were also many other factors at play, like skyrocketing unemployment and worker claims as well as high consumer debt and increase number of bankruptcies and bond defaults, none of which are currently present. Unemployment for example has been the lowest it's been in at least the last 2 decades.
>Durrr why is it then that yields are going down if the economy is gonna be fine?
The decreasing of the bond yields has nothing to do with a poor economy. It has everything to do with people getting shakey hands. We've had a good thing going for too long so more and more people are believing (falsely) that it has to come crashing down. Yes the economy will eventually go into a recession, just like everyone eventually dies, but it's not coming anytime soon. The only way a recession could happen at this time is if the Chinese economy were to collapse.
>TL;DR
The only way a recession could happen is if Chinas economy fails, otherwise a recession will not be happening in the foreseeable future

You think JP Morgan spoofing silver is a conspiracy theory. Please off yourself now.

They didn’t recommend they just put out their annual projections for gold price faggot

Yeah, and Max Keiser pumping Silver like it was a $2 whore wasn't a conspiracy. Got it.

All prices are manipulated.

Price suppression in PMs is real cuck. 9/11 was also an inside job.

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If they put their annual projections higher then it's a recommend you dumb faggot.

Goldman's public data is dogshit and you should be doing the opposite of what they tell you.

Because I can tell you, the opposite of what they state publically is what they are really doing.

MBS was never fixed after 2008.
>CDOs are now BTOs
Just give it a new name, and its a different thing.

Max Keiser is a dumbass he thinks bitcoin is going to a million.

ive never had a paycheck during a good crisis

for the '08-09 crisis i was 9th grade and wished i couldve bought low. if the economy mega dumps im going to be buying boomer stocks for sure.

They don’t recommend buying gold that’s a fact pussy. I’ve been stacking gold and silver for years you think I’m going to start becuse of Goldman? Central banks are buying gold that’s good enough for me.

>Unemployment is the lowest it's been in at least the last 2 decades
>The government agency recording unemployment would never lie about unemployment stats.

Alternate Unemployment Charts
The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.

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$1475 for the next 12 months. That was in June. We’re at $1530 right now.

at what age did you faggots start caring about all these graphs and shit jesus.

it's going to be worse than that. the entire global banking system is on the brink of collapse - their only tangible assets are overvalued home mortgages - trillions in negative yielding bonds - countless trillions in worthless unbacked derivatives - country after country introducing negative interest rates. the writing is on the gunnels. this ship is going down

kitco.com/news/2019-08-12/Gold-Prices-To-Hit-1-575-In-3-Months-1-600-In-6-Months-Goldman-Sachs.html

>Gold prices have increased further as a weaker CNY sparked substantial U.S. and global growth fears. With growth worries likely to persist, gold could rise further, driven by an increased ETF allocation from portfolio managers, who continue to under-own gold. We raise our 3, 6, 12 month gold price forecasts from $1,450, $1,475, $1,475/toz to $1,575, $1,600 and $1,600/toz, respectively,”

>HURRRR DURRRR

Yes

what is that even mean, we are on biz aint we?

If the economy is healthy then why are central banks lower rates and talking about doing more QE? If we can only grow with stimulus then it’s not healthy at all

It was $1475 in June for the next 12 months. They are consistently wrong on gold price. We will be at $1600 by the end of the month. The fact you think kikestreet is pushing precious metals is clear evidence you’re the dumbest mother fucker on here. Log off forever.

According to the real measurement of GDP when inflation is accounted for, we have been in a recession since the late 90's.
Alternate Gross Domestic Product Chart
The SGS-Alternate GDP reflects the inflation-adjusted, or real, year-to-year GDP change, adjusted for distortions in government inflation usage and methodological changes that have resulted in a built-in upside bias to official reporting.

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Even according to the U6 unemployment is still the lowest it's been in the past few decades. Just because some website site called shadowstats says unemployment is much higher doesn't mean its true. I've never heard of this website and there is no confirmation to its method's credibility

Show me your short position then.

When your GDP is consumption based you get a slave economy

Unemployment doesn’t mean shit. It’s wages that matter. And wages have been stagnant for decades. Most people have more than one job and unemployment numbers don’t count for those who have stopped looking for work. All of the way the government collects data has been manipulated to suppress the real statistics to the rest of the peasants.

The lower of rates is to combat the trade war going on with China. It isn't really for stimulus.

Oh yea, fuck off to psy ward u deluded nonfunctional retard

U3 doesnt count for longterm unemployment, U6 does. And unemployment means a fuckton. It's one of the leading indicators of a crash.

All they do is include the people who are "discouraged from looking for work" in the unemployed number. This number was excluded from the reported in 1994. The US has been manipulating their economic outlook by not including the real number of people unemployed! The truth is we are still in a recession that started in 2000 and it's only going to get worse.

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They intentionally mislead the public to create trading opportunities for themselves.

Here's a good example.

>May 11, 2012, 12:07 AM

>Goldman stands by its forecast for a rally in gold this year, saying that the precious metal will advance to $1,840/oz over six months as the U.S. central bank embarks on a third round of stimulus in June.

>The precious metal remains the “currency of last resort,” according to analysts led by Jeffrey Currie in a report released yesterday.

Gold rallied itself off a cliff in 2012/2013.

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wow, u throwing big guy quotes at me now?

If the government stopped reporting it, how did this place get access to that information?

>trusting prediction from one of the companies that sold dogshit stock packages only to turn around and bet on them to tank

yeah trusting thieving boomers isn't a good idea lads

You have zero intellectual ability and have been successfully brainwashed into mediocrity. Keep thanking cops for their service cuck faggot done with your low iq.

>Bitcoin is pumping to $1,000,000

>he thinks market makers aren't creating wealth on the daily
Stay poor

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To be fair, idolizing JFK as a martyr is the most low IQ, highly promoted conspiracy shit next to aliens.

Jim Marr has a lot to answer for.

>You have zero intellectual ability and have been successfully brainwashed into mediocrity.
Because I disagree with your feelings? Okay then gramps

The approximation of the ShadowStats “long-term discouraged worker” category—those otherwise largely defined out of statistical existence in 1994—reflects proprietary modeling based on a
variety of private and public surveying over the last two-plus decades.

The feds found a lie noone wanted to refute because it takes effort and is detrimental to "growth" Another thing you can see on the chart is unemployment is lowest by all 3 measures before the recession. How low can it really get?

They would have changed the categorization when they had the most to lose from high unemployment rates in the 2008-2012 era.

That being said, I do think there are more workers employed than there were in 2010. Undoubtedly.

Employment rates are lagging indicators anyway. Who cares.

They didn't change it then because they had already played out their hand a decade ago. If they removed any more of the unemployed from the unemployment reading, it would have been grossly obvious. The BLS is subject to official oversight, and when everyone has already accepted the fact that unemployment is high, the feds won't scramble to cover it up, especially when they want QE to happen.

We just need to cool off before the next rally

So when did this gross re-calibration in unemployment numbers happen then.

Dow is definitely going lower shortterm. But it could make a higher low from its last low and then go on for new ATHs. I would be a seller/hedger but not a shorter that's for sure. You can probably get in lower if you sell now, and that's even if it makes a new high. Only problem with that is, you might be stuck waiting a long time.

>skyrocketing unemployment and worker claims as well as high consumer debt and increase number of bankruptcies and bond defaults, none of which are currently present.
LOL, you really think none of those are present in our economy?

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