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Despite Today’s Rally, More Carnage Ahead For Global Stock Markets And The U.S. Dollar But Gold And Silver Will Shine
kingworldnews.com / Oct 2, 2015
With some wild trading action that saw the Dow end up 200 points higher while gold surged $25 and silver rose 5 percent, today one of the top economists in the world sent King World News an incredibly powerful piece warning that despite today’s rally there is more carnage ahead for global stock market and the U.S. dollar, but gold and silver will shine. Below is the fantastic piece from Michael Pento.
By Michael Pento of Pento Portfolio Strategies
October 2 – (King World News)
More Carnage Ahead For Stocks And The U.S. Dollar But Gold & Silver Will Shine
The September non-farm payroll report came in with a net increase of just 142,000 jobs. The unemployment rate held steady at 5.1 percent and the labor force participation rate dropped to the October 1977 low of 62.4 percent. Average hourly earnings fell 0.04 percent and the workweek slipped to 34.5 hours. There were significant downward revisions of 22,000 and 37,000 jobs for the July and August reports respectively…
Continue reading the Michael Pento piece below…
The post Despite Today’s Rally, More Carnage Ahead For Global Stock Markets And The U.S. Dollar But Gold And Silver Will Shine appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/02/despite-todays-rally-more-carnage-ahead-for-global-stock-markets-and-the-u-s-dollar-but-gold-and-silver-will-shine/
