Visitors Now:
Total Visits:
Total Stories:
Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

FSN: A Summer “Crash” Scenario

Wednesday, June 5, 2013 16:25
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

by Clif Droke, Gold Strategies Review
Gold Seek

B4INREMOTE-aHR0cDovL25ld3MuZ29sZHNlZWsuY29tL0NsaWZEcm9rZS9jbGlmX2Ryb2tlLmpwZw==Despite the recent weakness, the broad market has displayed a fair amount of resilience in the face of rising interest rates and falling commodity prices. The charts even leave us with some hope that there will be one more rally to new highs in the coming weeks. But a growing list of problems also suggests the market could be setting up for a repeat of the 1998 mini-crash later this summer.

There are several parallels between now and the spring and summer of 1998 which led to the July-October decline. The year 1998 was an exceptionally strong one for U.S. equities for the first half of the year; that year also witnessed a strengthening domestic economy. Like this year, however, 1998 saw trouble begin overseas with global weakness reflected by falling commodity prices.

Continue Reading at GoldSeek.com…



Source: http://silveristhenew.com/2013/06/05/a-summer-crash-scenario/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.