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"China's recent GDP miss is just the latest in a series of economic surprises to the downside." Stocks are "always" last to react.
The lat est Global Europe Anticipation Bulletin (GEAB) headlined "Global Systemic Economic Crisis: The economic-political world versus financial banking interests," saying:
"".our team has closely watched the unusual coincidence of all the market indicators collapsing".even and especially gold."
"There is a clearance sale of paper gold which is leading the dance".We are probably at the beginning of a panic in which all speculative positions are sold off."
Naked Capitalism's Yves Smith said "Gold Crash Signals End but End of What?"
What to do near-term isn't simple. Past is often prologue. The early 1980s "saw a blowout and plunge over a mere three day period." Recovery didn't follow. Perhaps stiff headwinds remain. Who knows for sure?
Money and Markets analyst Larry Edelson called gold's "whopping 14.7 percent" two-day plunge "historic." It's "NOT over."
Expect a bounce. "(D)on't buy into it." Gold's heading lower. So are silver, copper, platinum, palladium, crude oil and other commodities.
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