Out of nowhere, almost all markets are in danger of collapse. I certainly don’t want to give dire predictions, but the market action doesn’t lie; there are problems out there. There is nowhere to run, nowhere to hide. Goldreversed $30 from its high in minutes; silver and platinum did the same. The dirty word is deflation.
On Monday, crude oil traded where no one thought was possible – negative. The expiring May contract was trading at a -$40 per barrel at one point, indicating owners of crude had to pay to get rid of it. Crude was in free fall and was in all-out panic. The action was a classic squeeze in an illiquid market, and there was no exit.
Click On The Image To Read Full Article:
