Today’s photo is from the Netherlands Archives, titled “Kerstviering Mijnwerkers in Zoutmijn” — Mineworkers in a salt mine, celebrating Christmas. It looks like those candles are sitting atop drilled salt pillars.
With most of the world’s markets, businesses, miners, and manufacturers taking a Christmas holiday today, I will forego my usual economics ramblings. I’m just posting three links to “must read” articles on the tumbling stock market:
Top Trump official calls bankers, will convene ‘Plunge Protection Team’
and,
What if the Dow fell another 4,000-plus points — would you be prepared?
and,
How Bad Was Last Week In Historical Context?
Yes, with just three links I’m slacking just a bit, on Christmas Eve. However, I’ve also been busy writing some items to round out the year:
On Wednesday (December 26th, 2018) I will be posting a special list of recommended charities in this column.
On Friday (December 28th, 2018) I will post my usual Economics & Investing For Preppers column. But it will also include some predictions for precious metals in 2019, by other analysts.
And next Monday (December 31st, 2018) I will post my economic predictions for 2019. – JWR
The Plunge Protection Team are the ones who have been manipulating PM’s for better than a decade and are partially responsible for the bubble market. This current drop may be attributeable to a “black out” for stock buy backs during SEC reporting periods. The article about 4000 point drop is a thinly veiled buy and hold+buy the dip propaganda.
I’m still eying that long term, 2000 and ’08, double top in the SPY. That kind of double top action rarely goes without being tested as a new firm bottom. That would be somewhere between 1500 and 1600 in the S&P, but first, a major support can be found at the 2015 high. Many are noting the near parabolic start point from election day of Trumps win as a psychological round trip support level. Of course, this all depends on what’s wrong, but something is wrong. Hopefully it’s just a regular old mild recession, if there is such a thing anymore.
Merry Christmas
Joel Skousen 2018 Year End Analysis
(YouTube Video)
ldsconservative
Published on Dec 23, 2018
https://www.youtube.com/watch?v=3epWY8tfDpc
Duration 1:40:51
“Joel Skousen speaking in Highland, Utah on December 7”
I’ve been eyeing buying more silver over the past month etc. curious what others are doing.
Also do folks buy rounds are Eagles.
Doc,
I was buying 1oz silver rounds on a monthly basis, approximately $100+ cash, from a nearby coin shop. But budget constraints starting in January will be stopping me temporarily.