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| | | ADVERTORIAL | | Fed Snatches The Punch Bowl Away From Wall Street's Party: Morning Brief | | January 6, 2022
Thu, January 6, 2022 "Gold to me is an underrated asset right now," InTheMoneyStocks president and CFO Gareth Soloway told Yahoo Finance Live on Wednesday.
"I actually have it beating the S&P 500 as well as bitcoin for this year. ... Bitcoin and cryptocurrencies are going to see their dot com moment over the next year or two," he added.
On Wall Street, there's an old saying that refers to the market's reaction to Federal Reserve policy that may be negative for stocks, and implies that investors are having the time of their lives.
"Snatching the punch bowl away from the party," an old trader aphorism that mostly presages higher rates and tighter monetary policy, is the best way to describe Wednesday's market action after the release of the minutes from the Fed's last meeting.
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The news confirmed much of the market's current bias for restrictive monetary policy, and the Fed's hawkish pivot on surging inflation. But it also crystallized the threat of something that for investors, was once distant — but can no longer be delayed or compartmentalized.
With labor conditions tighter than a drum and prices climbing relentlessly, the era of easy monetary accommodation is nearing its end. Like The Chambers Brothers once sang, "time has come today" – and it's unlikely to be deterred by Omicron, or much else.
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U.S. Stock Markets To Crash By 90% This Year - Harry Dent January 06, 2022
The greatest financial downturn ever will happen this year, and investors will be taking the "biggest risk of [their] life" if they don't sell now ahead of a complete market wipeout, said Harry Dent, founder of HS Dent Publishing.
Dent is an economist and the author of "Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage" and his latest book "What to Do When the Bubble Pops: Personal and Business Strategies For The Coming Economic Winter." He bases his economic forecasts on demographic changes.
Speaking to Michelle Makori, editor-in-chief of Kitco News, Dent said that risk assets will sell-off in waves, with the first wave seeing U.S. equity markets drop as much as 40% and the entire bear market phase totaling up to a loss of 90% for the S&P 500, not unlike what happened to tech stocks during the Dot Com Bubble bust of 1999.
"This is going to be the biggest crash and the biggest downturn of your lifetime, and most of it is going to happen probably in 2022," Dent said. "The whole crash is going to be 80% to 90%."
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The first crash will be "40% to 55%, so fast, you will not see it, so if you wait to see if I'm right and take that risk, you are going to be hit very, very hard and history is very clear about that."
This crash will happen largely due to the fact that financial assets are in what Dent called the "greatest bubble in history" from over-stimulus by the Federal Reserve.
"In an inflationary outcome gold is the ultimate inflation hedge.
"When people start selling those financial assets, wealth disappears and people panic more and that causes the recession. The financial asset crash actually triggers the recession which is what happened in the 2000 crash," he said.
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Goldman Sachs, Wells Fargo See Gold Hitting Record Highs Above $2,000 In 2022 Gold prices have seen a solid push higher, moving above $1,800 an ounce on the last trading day of 2021.
Many banks see gold prices trading in a reasonably wide range between $1,800 and $2,000. The most significant factor to drive gold price in 2022 remains real interest rates. Although the Federal Reserve is looking to raise interest rates three times next year, many economists expect inflation to stay above 4%, which means real rates will remain deep in negative territory. Almost all economists predict that the Federal Reserve will remain well behind the inflation curve in 2022.
Among the bullish banks, Goldman Sachs is one of the most optimistic. In November, analysts said they see prices pushing above $2,000 an ounce by the end of the year.
Wells Fargo is also bullish on gold next year, looking for $2,000 an ounce as the precious metal plays catch up to the rest of the commodity complex. John LaForge, head of real asset strategy for Wells Fargo gold, will be sensitive to U.S. monetary policy in 2022; however, he added that it is unlikely the Federal Reserve will adopt overly aggressive monetary policies.
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Call the Patriot Gold Group at 800-974-4653 (GOLD) for exclusive details about our incentives; or if you simply have questions regarding the current market performance — we're here to help, to be of service, and to adhere to that altruistic principle that made Consumer Affairs recognize Patriot Gold Group as the top Gold & Silver dealer nationwide for unprecedented six (6) years in a row: 2016, 2017, 2018, 2019, 2020 & 2021.
About Patriot Gold Group CEO Jack Hanney 
Jack Hanney is the CEO & Co-Founder of Patriot Gold Group, and a nationally sought after financial speaker and guest. Recently featured on Fox Los Angeles "Good Day LA", he was interviewed on his insights on the global health crisis and its impact on the economy, and he accurately predicted the catastrophic 17% pullback we saw last week. His interview can be viewed here: Fox Interview
Learn Why Smart Money is Moving to Precious Metals in 2022.
What Can You Do To Protect Your Retirement in 2022 and Beyond? - Former Chiefs of Goldcorp Expect $3000 Gold in the Near Future.
- Global Inflationary pressures coupled with record breaking job openings is ushering in dreaded Stagflation. Hyperinflation & a global energy crisis eerily reminiscent of the 70's brings to mind Mark Twains quote "History never repeats itself, but it does often rhyme."
- Labor shortages and massive supply chain issues ahead of the Holiday season and going into 2022 have Economists and Financial Market Strategists forecasting it's going to get a whole lot worse before it gets better.
- The Federal Reserve has committed to tapering their asset purchases in 2021; just as the Liberal Democrats want to raise our debt several trillion dollars to "address structural problems in American society." As this Administration plans to weaponize the IRS and pass the "largest tax hike in a generation" affecting corporations whose share prices are already in "bubble territory" the demand for Gold & Silver and Gold & Silver backed Self Directed IRA's has skyrocketed.
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Why Are More Americans Than Ever Using Precious Metals in Their Investments?: - #1: Protect from the U.S. Dollar's ongoing loss in value.
- #2: Ensure that they will ALWAYS have value.
- #3: Safeguard from any downturn in stocks from Chinese virus and stock market volatility.
Goldman Sachs, Bank of America Merrill Lynch, Citigroup and Wells Fargo are calling for a single ounce to grow to $2000-$3000 in the next 12-18 months due to The Feds response to the pandemic and monetary policy. What are you waiting for? Patriot Gold Group make buying easy and safe. Patriots Protecting Patriots. Top Rated Gold IRA dealer 2016,2017,2018,2019, 2020 & 2021 by Consumer Affairs. Work Directly With An Owner. No Fee For Life IRA *on qualifying rollovers. Request a Free Investor Guide and Learn about our exclusive No Fee For Life IRA account.
Why This Matters To Most Retirement Account Holders.
| | Why This Matters To Most Retirement Account Holders. | Did you know that Gold is the best performing investment class since 2000?
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Heading into 2022 are you prepared? Economists, Financial Market Strategists and Bank of America are forecasting ZERO returns for the stock market over the next 10 Years!
1970's era Inflation has gripped our economy and Americans are helplessly watching as the purchasing power of their dollar shrinking. The Fed is backed into a corner, raise rates like Fed Chair Paul Volker ('80-'82) and crash the economy or let Inflation destroy the USD.
As hyperinflation is wreaking havoc on our economy along with the Democrats proposing multi trillion-dollar legislation (Build Back Better & Infrastructure) and the "largest tax hike in a generation" Democrats are also weaponizing the IRS to "make the economy more fair." Economists like Nouriel Roubini are warning dreaded Staglaftion could replace Inflation with the historic number of job openings (11M) and slowing economy.
Patriot Gold Group offers the tax free, penalty free, "2021-22 Inflation Protection NO FEE FOR LIFE IRA" rollover, in which you can roll out of paper denominated assets, stocks & bonds at multi year highs INTO Gold & Silver with forecasts ranging from $2200-$5000/ounce for Gold (Jeffries) and $50 - $150/ounce for Silver. Bloomberg recently stated, "Buy Gold, Sell Stocks is the 'Trade of Century' according to Crescat Capital LLC."
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