Warsh is Worried…
Kevin Warsh spoke on Friday. Gold and silver SOLD OFF big on his remarks.
In fact, gold closed below its 200-DMA, which means I must discuss what’s likely to happen next.
We’re entering two of the most important economic periods in world history right now and it is essential to understand the IMMINENT DANGER.
I have been discussing the September-October market sell-off at length throughout the summer, so to recap my concern:
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China’s economy is in free fall, which means it isn’t buying Treasuries.
Between Japan’s financial crisis and China’s, the two foreign holders of U.S. debt are in an emergency status, which makes it extremely difficult for Washington to issue bonds at lower interest rates.
What is the problem here?
The main conflict of values between these surging interest rates and Trump’s/Bessent’s worldview is that the United States of America holds the entire global economy on its shoulders, therefore its government ought to borrow at the lowest possible rates.
Soon, this reality (interest rates are at the highest level since 2008) and Trump’s common sense (best and safest economy should pay the least to fund itself) will collide.
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Russia’s EPIC and DISMAL failure in the battlefield.
Highly surprising and a totally dangerous moment in time, in a war that the world’s media has stopped reporting on or caring about, is happening in Russia, as Ukraine’s air force is inflicting devastating damage to Russia, not just on the FRONT LINES, but at the HOMEFRONT, the soft belly of Putin’s prestige.
Just days ago, director of the CIA, John Ratcliffe, rushed to Moscow to make sure Putin’s top-brass understands that we understand that invading a NATO country in order to create chaos is going to cost him more than he can afford.
I want to stop here, because any sane investor would ask himself right now a very important question: If China is slowing down and if Russia is losing, the two GREAT ADVERSARIES of the United States, what happens next?
The answer is that we don’t know and that’s why I am warning you!
Courtesy: Zerohedge.com/TheMarketEar (Michael Hartnett)
Bank of America’s Chief Investment Officer Michael Harnett’s Bull/Bear Buy/SELL Indicator, is NEVER WRONG.
Right now, it is telling you that with:
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Markets at all-time highs!
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Interest rates at 20-year highs!
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Midterm elections in 60 days!
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China slowing!
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Russia losing!
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Iran on the brink of total defeat!
A LOT CAN HAPPEN!
So, what is my action plan?
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Stocks: Here is my watch list – (in alphabetical order {A-C today, D-H next})
Arch Capital Group (ACGL) – Up to $100/share. My favorite Insurance company.
Advanced Micro Devices (AMD) – Up to $450/share. Massive chips behemoth.
Amazon (AMZN) – Up to $245/share. Huge beneficiary of logistics automation.
Axon Enterprises (AXON) – Up to $500/share. A taser dominator!
American Express (AXP) – Up to $320/share. One of the ultimate businesses in the world.
Celsius Holdings (CELH) – Up to $35/share. My favorite consumer-facing company.
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Cash: My cash position is the biggest it has been since 2021!
I believe that after the midterms are behind us, the stock market will begin one of its BEST-EVER years! One more big correction and then I’m LOADING THE BOAT UP!
Best Regards,
Lior Gantz
President, WealthResearchGroup.com
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