Gold and Silver capitulation by Mike Maloney
A couple of days ago I posted a story on how the situation was in 2008 compared with today in 2017.
Today Mike Maloney posted a video on YouTube, also comparing the two. I am posting his video below in this article.
However he is referring from 2007 where a similar situation was building up with respect to the shrink in investments in precious metals.
He calls it the gold and silver capitulation because the market is completely moving to the bond and stock markets. Investments in precious metals is dropping as fast as in the year 2007.
He also states that investors are not pricing risks into the markets and that everything will be going just fine.
Is this scary or not?
I feel it is an excellent moment to invest in silver and gold, knowing what history brought us in 2008.
Please look at his video. It is backing my post of earlier this week. However the situation now is maybe even more troubling then in 2007/2008.
Enjoy watching! All credits go to Mike Maloney. Hoping him to see on Steemit soon.
M.M. is the man, he is the reason I stack. Thanks for the share buddy.
Great video, thanks for sharing....I keep hearing and seeing the markets hitting new highs day in and day out almost and it just feels so tenuous, like the slightest misstep by a key player will trigger a massive sell off.