Editor’s note: In the interest of brevity, I am sending this issue to members of Real Wealth Report (RWR) and Supercycle Trader (SCT).
Just like your typical Super Bowl with all its hoopla and excitement, and then the game turns out to be a real bore, last night’s first presidential debate between Hillary and Donald almost put me to sleep.
There were some good moments of course, and we did learn more of each candidate’s policies regarding jobs, taxes and more.
But overall, I’d say the event ended up much ado about nothing and that Hillary probably came out on top due to her greater composure.
She can win all three debates, yet my models still point to a Trump win in the general vote. As long as the fix is not on behind the scenes with the Electoral College, then Trump will be our next president.
Again, I’m totally non-partisan on this. For whoever takes the office is in for a world of %&#T, if you know what I mean.
Our country faces the worst of times, far worse than the Great Depression – and no one at the helm will be able to change it any more than he or she could change the path of a Category 5 hurricane.
This morning (4:54 am EST) gold is down $5.20 as I pen this issue, trading around the $1,334 area. That’s good news. Silver is also down, about $0.10.
However, as I noted yesterday, gold and silver are running out of time. There are only seven trading days between now and the October 7 cycle low target (not counting Monday, October 3rd Yom Kippur holiday).
That means if gold and silver are going to tank, they must do so very soon. If they don’t, we could be looking at either …
A. An extended cycle. Or …
B. More likely, a higher low than expected and a subsequent new rally, which we will be positioned for.
The Dow Industrials are flat as of this moment, as is the dollar, the euro and the bond market.
Hold all positions and related applicable stops and stay tuned …
Best,
Larry
