Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

How to Spot Bottoms in Gold Stocks
By: Jordan Roy-Byrne CMT, MFTA

Did We Just Witness The Bottom in the Gold Market?
By: Plunger

Another Great Oxymoron: "LBMA Transparency"
By: Craig Hemke

Stock Markets Remains Extremely Overvalued – Hussman
By: GoldCore

Gold Seeker Closing Report: Gold Holds Steady While Stocks Drop 2% More
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 20 2018
By: Ira Epstein

Trigger Time For Gold Stocks
By: Stewart Thomson

Chilton says CFTC found much evidence of silver rigging; Schiff calls rigging 'rumor'
By: Chris Powell

Unthinkable!
By: Gary Christenson

Powell and Gold between Inflation and Global Slowdown
By: Arkadiusz Sieron

 
Search

GoldSeek Web

 
The PPT is the Only Thing Stopping an Outright Crash


 -- Published: Monday, 12 February 2018 | Print  | Disqus 

By Graham Summers

The markets have changed and many are going to get “taken to the cleaners.”

Last year, 2017, was a not a normal year for stocks. Stocks as an asset class are not meant to go straight up without even a 1% pullback. But that is precisely what happened for nearly an entire year.

Now that massive market rig is over. And anyone who continues to invest as though it’s 2017 is going to get annihilated in the coming weeks. The only thing that stopped an all out crash in stocks was clear and obvious intervention in the markets by Central Banks.

Take Friday’s action for example. The S&P 500 briefly broke its 200-DMA. At that point the Plunge Protection Team stepped in and ramped stocks over 3% in the span of an hour.

http://www.goldseek.com/news/2018/2-12gs/image002.jpg

This was intervention, plain and simple. NO real investors “panic buy” stocks in this kind of rapid frenzy.

This raises the question…

What would have happened if the PPT had not stepped in? Where would stocks fall to?

http://www.goldseek.com/news/2018/2-12gs/image004.jpg

Buckle up, it's about to get nasty. The PPT can trigger bounces, but it requires REAL buyers for stocks to enter a prolonged rally.

Put another way, we're still going to that circle in the next few weeks.

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

 


| Digg This Article
 -- Published: Monday, 12 February 2018 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2018



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.