After last nights plunge in the futures markets, today stocks opened markedly lower. At the time I am writing this article, the Dow Jones Industrial Average is down over 200 points.
More importantly than what is happening in the stock market, is there appears to be a very large move into the perceived safety of the bonds, with the US 10yr yield now at 2.25.
Cash is also moving into gold, and silver.
It appears that the mainstream narrative behind the selloff is "political challenges" now facing our president however, this feels more like a real capitulation in the markets to me. This market action, what we are seeing right now, is something that we need to pay attention to.
On the economic front, it is being reported that mortgage applications plunged by 4.1%, and this could be a signal that the real estate market is also in trouble.
Gregory Mannarino
Hey Greg I jumped all over Silver at $16.18 me a happy happy boy
Getting exciting again....!!! Go Silver!!!!!
Hi Ho Silver!
Silver will skyrocket as soon as there is a physical shortage, or the COMEX fails to deliver the physical metal.
Until then PPT and ESF will manipulate it back down.
Comex delivers what? Bro thats a paper market and they already have rules in place that force cash settlement. Worst case the banks cant cover and they will give electronic money that they may or may not have in lieu of metals.
COMEX still has some physical gold and silver on hand. Didn't you know that?
Thank you. I'm looking forward to watching your latest interview with Greg Hunter.
How do we find Greg Hunter on Steemit?
Here's the link on YouTube:
Would love to get all videos on steemit vs youtube. Especially after they demonetized all the conservative or non liberal/mainstream channels. Which I think google really screwed the pooch on.
I agree. I've emailed several that only post there and invited them to Steemit. I feel a little guilty posting their content here when they do the work and can get paid for it (in Steem) until YouTube eventually shuts them down. I credit them and provide links, so at least they're getting the extra exposure.
I looked to see if Greg Hunter left a link on his latest video and didn't see one... He's one of the few people who ever mentioned Pocket Change when interviewing Bix Weir... Pocket Change
I keep hearing about Pocket Change - can someone please explain to me what this is in reference to? Thank you!
Hopefully Greg Hunter comes over to Steemit soon.
I don't believe he is on Steemit. The video of Greg interviewing Greg just went up on Youtube.
Steemit is kind of new. When I registered yesterday, they welcomed me as one of the first! :)
http://usawatchdog.com/they-want-to-destroy-trump-america-gregory-mannarino/
Thank you for always keeping us up to date. We appreciate it!
Thank You Greg... You ARE the Man !! AND Yes, encourage Greg Hunter to join Steemit... Greg Hunter deserves to make more money, He's a Great YouTuber. Thanks again...
Thank you my fellow Lion!
It`s time to brace for impact :D
Gregory, first off thank you so much for what you are doing. I see you pop up in all my favorite channels and your advice is incredibly timely. You have a great mind for the strings pulling the markets and a BIG heart to share your concerns with all of us.
I would really like to see a video on the analysis you use to come to your conclusions. Even just once. I have learned a lot from you, but I want to know more! Make a video showing the indicators you use to follow the money. Help us all rip the face off this market!
Thanks for promoting Steemit too. Let's rip the face off the corporate social media monopoly while we're at it.
BRING IT ON! I haven't been preparing for years for this thing not to actually start happening. I see a great wobble coming, and then a swift drop this fall.
Should be preparing while hoping it doesn't happen. Should have been a major clear out of deadwood and scum from the last crash but didn't happen so the wildfire will be all consuming this time...
The DJI is down 1% as of 10 AM, and silver is ready to punch through $17. This is going to be fun to watch :)
Make it rain!!
We're in a debt, derivatives, equities, housing, student loan, and subprime auto loan bubble- What in the f could possibly go wrong?!?!
Thanks for the great info Greg. there is supposed to be some oil news coming out in about 30mins. What are your thoughts on how that will play out
The Federal Reserve's PPT has been buying oil futures contracts to keep the price propped up. They are running out of storage space so some of it has been dumped back into the ocean. Don't doubt me on this.
The beginning of tough times ahead I have a feeling!
Hey Gregory!
Also notice that US dollar index is down -0.53 as im writing! That also signals alot with no recovery.
Agreed.
I been watching all morning, heavy rotation, markets breaking down, dollar crashing.
Thanks for keeping us updated
You are very welcome.
Yes, thank you Greg, you will be a legend with this shit show finally collapses.
Greg, there won't be a collapse. The unaudited Federal Reserve's PPT will step in and buy stocks like they always do to keep everything propped up.
There will never be a collapse. What we will get at one point is a correction to fair value.
It's going to stay artificially propped up as long as the Federal Reserve and ESF remain unaudited.
Yes... Pocket Change will indeed correct to fair value... Check out my blog titled "What's my Story...???"
This could be the BIG one! So glad I listened to Greg when he first told us to stack silver like mad! Thank you good sir, hold on to your hat!!
Thanks Greg @marketreport for your news update....both silver and gold prices are opened higher and it will be interesting to see how it turns out as the day unfolds~ Interesting news about RE potentially signalled to be in trouble in USA...I'm curious how much this may impact Canada as well? :)
This may be the big one,!
It ooks like we are (hopefully) headed for an upswing in gold and silver. Waiting for the "break out"
Nope. PPT will manipulate it back down just like they have been doing since 2012.
disagree. it will not be major but it will be significant. How much longer do think they can keep selling divs. and not backing it? I think not much longer before people get a bit scared. however that being said soo many think that slv and gld paper products are the same as the physical
Nope. PPT wont allow a correction. Too many Pension funds and 401ks from retiring baby boomers are tired to keeping the stock market propped up.
Thanks Greg. Things are definitely looking wobbly. Still - hoping JPM has more paper to throw at the gold/silver markets to get in there and buy more! :)
maybe next month Greg? hopefully so, i am getting a good check then to buy more silver.
Thanks Greg i,m a small landlord held 7 properties been trying to get shot before the colapse 3 left but market very slow unless you sell cheap!
Better to sell cheap than not at all? By cheap do you mean at a loss?
I,ve sold 2 of them at a loss 1 small but one $10000 the last three have reasonable equity but i am going to drop the prices to try & get them sold. I have earned rental income for last 6 yrs so not a loss in real terms. Bye the way followed you for ages really like your friend Greg Hunter too, is he coming over here?
Well good luck with the sales, im sure you will recover any losses pretty quickly if you hold some Au, Ag and Bitcoin.
Greg do you reccomend paying off your mortgage?thanks
LOL. Check out the USD/JPY chart. This is driving the stock market down and precious metals up! The bullion banks along with their partners in crime the Bank for International Settlement [BIS] are sitting on silver big time. Build those shorts you mofo`s. Your digging your own grave!
jhouck4828 I personally wouldn
t be paying off my mortgage, if you can keep paying the mortgage with your income month to month buy silver with your excess cash, most likely in a years time youll be able to buy an apartment block with the money you could have paid your mortgage off with :DImo markets will not crash, but maybe correction of 10% or more. It is about time. US stock market has been resilient like never before. Interesting to see will FED raise rates on June 14 if correction happens.
We will be in recession and markets will stay propped up due to the PPT and ESF and their unlimited electronic funds with zero oversight.
Keeping everything propped up is a matter of "national security"
Silver.
Thank you Greg, I saw the market was down and your news feeds are the first I go to for info. Go gold and silver!
Everything is in a bubble except for gold, silver & crypto currencies. Get into them people and get out of the stock markets, thanks for the update Greg
Some of it seems to be going to Bitcoin.
Greg,
Do you think there could be a sharp rebound once the plunge protection team comes in to save the day as always? I mean, yes the DOW is down now but I'm sure you know from following the market action on a daily basis that it wouldn't take much for the DOW to end up slightly green or just a few points down by days end.
What do you think?
Were it not for manipulation gold would be far higher than bitcoin I think
Greg: where this thing is really going to get ugly is all the people who think they are guaranteed government pensions and really believe they are going to get them. I have friends everywhere hitting retirement age with these pensions who think they're set for the rest of their life. When I try to talk to them they tell me things like "it's in the state charter they have to pay me"! Really?? Most have saved very little or even planed over the years for retirement. They have never known anything but a guaranteed paycheck every week of their lives. Stay tuned.
To the interview on WatchdogUSA: wow, that was a hammer. I'd love to see that on a channel like Bloomberg - the anchor would propably get a heart attack. :)
Well done! I posted it here, too, to have a many people see it as possible.
Greg, what would, in your opinion, signal the complete loss of faith in the system? Market dropping 40 or 50%? Same with bonds? What are your absolute Red Flags you are monitoring?
They say corrections are "healthy." This market is due for one hell of a dose of "healthy" correction medication.......... over bought and over priced.
I think you are right.....certaintly this year. Alot is signalling a significant decline for the stockmarket. Becareful though as I expect a massive QE exercise which will bring on hyperinflation and take market to new highs in nominal terms.
You are one of the first people I listen to/ read on Steemit.
Silver...the MOST UNDER VALUED ASSET ON THE FACE OF THE PLANET!!!
This market is like an emotional unstable individual . It reacts so irrationally to any whisper of a change or adversity, simply lashing out without any thought given to the facts or consequences. I fear there could be some real carnage if all this impeachment talk gets some legs. History has laid out before us the answer to all this mess, and the remedy begins with sound money. Keep up your work Greg, your message is resonating with more people every day. Cheers.
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Lets see if it "bounces" tomorrow.
My husband (ironartman) has been saying this for years. He is new to steemit and it may be beneficial for you to follow him. Very informative!