The Most Important, And Bullish, Gold Chart You’ll Ever See

14 Dec 2016

by Andy Hoffman, Miles Franklin:

Barely 24 hours before the Fed takes another giant step toward destroying whatever’s left of its “credibility”; and likely, proving yet again that rising rates are decidedly NOT “Precious Metal bearish”; I could easily write full-length articles on a half dozen separate “PM bullish, everything-else-bearish” topics – starting with the fact that, as discussed in yesterday’s “history’s largest bubble” article, the unprecedented equity surge that coincided with Trump’s victory is a giant hot-air balloon floating in a sea of pins.

Yes, historic market rigging – including suppression of history’s largest “anti-bubble,” Precious Metals – is a part of the unprecedented market movements that have pushed the “Dow Jones Propaganda Average” to its most overbought level in 20 years; with yesterday’s close (as all other indices declined, and interest rates breached a six-year downtrend) being surpassed on that metric on just three other days in the Dow’s 120-year history.

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