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FSN: A Summer “Crash” Scenario
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Clif Droke, Gold Strategies Review
Gold Seek
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.
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Source: http://silveristhenew.com/2013/06/05/a-summer-crash-scenario/
