Financial markets begin the plunge with a hit on gold and emerging market stocksPosted on 15 April 2013 with 3 comments from readers
You could almost be forgiven for missing the end of the stock market rally as the investment banks roughed up the gold market creating the buying opportunity of the decade and silver followed in short order.
Emerging markets are also taking a pasting. Time to put in the short positions on the major markets. This is just the start of the long plunge we have been predicting for ages. Stay long and you are dead.
But precious metals will both lead the downward plunge and be the first to rise. Probably that will also be true of the emerging markets.
This is going to be a hideous plunge for stocks, these drops in precious metals and emerging markets are just the opening shots in a nasty battle to the bottom.
Standby for some interesting days ahead in financial markets and just sell, sell, sell! Don’t be fooled by the raid on gold. The emerging markets are an early warning too.