Crying Wolf: Powell Won’t Help Trump!

This article was contributed by Tom Beck of Portfolio Wealth Global. 

Are you waiting for Jerome Powell to pull a RABBIT out of his HAT? There’s a presidential debate tentatively scheduled for the 29^th, so don’t expect the central bank to MEDDLE in the MARKETS between now and then, since there’s absolutely no chance they want to be appearing to be TAKING SIDES.

For the next few weeks, we have freer markets, so PRICE DISCOVERY will be real. The Federal Reserve won’t do much to offer artificial support.

We saw a run to cash, but institutional money looks to be COMFORTABLE with buying the DIP at this point, with the S&P 500 in correction mode (-10%), on top of the NASDAQ 100.

The global markets have GOTTEN USED TO government debt rising perpetually, so no one is TOO ALARMED by this, but when global GDP is at 252%, the REAL MEANING of it is that there are GUARANTEED VICTIMS in the sovereign restructuring in the years to come.

Portfolio Wealth Global believes that both gold’s and silver’s PUKE yesterday shows that there’s BIG SUPPORT at the $1,900/ounce area, so we are eager to see if a NEW UPTREND is starting, after this BLOODBATH WEEK.

The majority of people are vaccine-biased, which means that they won’t return to FULL CONFIDENCE until we “beat the corona.”

Many industries are GOING BACK 5-10 years and even worse than that, in terms of demand for their products and services, facing massive default waves and I’m telling you that this is where BIG MONEY will be made.

Hoteling, real estate, aviation, office space, healthcare – you name it and it’s in REBUILDING MODE.

What are you doing to capitalize on this? Consumers, corporations, and governments need you to innovate and you can make a fortune on the way.

EVERYONE is betting on technology, but the value is in the BEATEN-DOWN sectors.

The markets have SHAKEN OUT the people who aren’t ready for volatility, but September isn’t over, nor is this SECOND WAVE scare.

Personally, I follow our WATCHLISTS, which have come out in the past few months.

The first is from late March and delivered HUGE RETURNS – click HERE!

The second came out right before the June 8^th peak – click HERE!

The third came out JUST RECENTLY to address the September massacre – click HERE!

Just a few days ago, when NASDAQ peaked, we published this (so timely) – click HERE!

FEAR LEVELS are up; this is when contrarians act. We’re like nocturnal animals – we wait for everyone to sleep and then WE HUNT.

I feel the same way about gold; this week’s dump to just over $1,900 took care of the LEVERAGED TRADERS.

It’s LITERALLY IMPOSSIBLE to be looking at these charts and not allocate funds into precious metals.

I ask people from the U.S., from Europe, from Central America, from Asia, and from Australia; the answer is the same: NO TRUST in government.

Gold is essential and the fact remains that the uptrend is IN PLACE.

The post CRYING WOLF: POWELL WON’T HELP TRUMP! first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.