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Some of you might recall the 2012 scandal when Greg Smith resigned from Goldman Sachs and revealed that Goldman traders referred to unsophisticated clients as Muppets, encouraging them to take one side of a trade that Goldman had put together, while they took the opposite. Like taking candy from a baby. Which is what appears to have happened in the oil market last Monday.
In another flash-back to the Great Recession, we are being told that while home prices will decline that should only be for a brief period of time. Ben Bernanke, Fed Chair in 2006, also said “Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise.” He was wrong.
But since then, global central bankers have been gobbling up as much gold as they could and many, including me, believe that this is likely to be the “Last Great Buying Opportunity of This Decade”.
Links to sources: https://www.itmtrading.com/blog/shark…
FYI: ITM Trading is comprised of Precious Metals and Economic Experts. We are not financial planners, nor do we do general financial consulting. We are Gold & Silver Strategists. We sell Gold & Silver to Strategic Investors who want to protect their wealth with the proper types, dates, and qualities of precious metals. For more info Call: 877-410-1414
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If you want to know what to actually DO about all of this, that’s what we specialize in at ITM Trading. How do you protect your wealth for the next collapse and financial reset?
Yes Gold and Silver, but what types? How much of each? What strategy? And what long term plan?
If you’re asking these questions you’re already ahead of the game…
We’re here to help, as it is our mission to safeguard the public from the inevitable downfall of the dollar, stock markets, and real estate.
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