Today is shaping up to be one of those days where everything falls together. Gold dropped roughly 3%, silver is down 9%, equities rolled over with the NASDAQ off 2.5%, and Bitcoin continues its descent into the abyss — having led the market lower since November, now up only 30% over five years.
In my opinion what we’re now seeing is systemic stress beginning to surface. Liquidity is tightening, volatility is moving higher, and correlations are rising as everything starts to look vulnerable at the same time — classic late-cycle behaviour. It’s looking very similar to 2008, when gold and silver were the best performing asset classes of the year ahead of the crash, at which point everything collapsed in sync.
That’s what people need to be alert to, but instead, the public is being herded into kabuki theatre and distraction, ensuring their attention is pulled away from what they should really be focusing on: the relentless devaluation of their currency and the financial reset unfolding before their very eyes. One which is liable to take with it their bank deposits, their retirement accounts, their property values and their jobs.
So in tonight’s livestream we turn our focus back to what actually matters.
Enjoy,
Mike
