https://thegoldandoilguy.com/wp-content/uploads/2019/09/153.png 486 850 admin http://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.png admin2019-09-26 14:00:592019-09-26 14:00:59Democrats Launch Formal Impeachment – What Should Traders Expect?
News of the formal impeachment proceedings came just after the markets closed on September 24, 2019. The markets had already broken a bit lower most of the day after Consumer Confidence and Jobs expectations were weaker than expected. We had just authored a public research post about our belief that the Technology sector was about to breakdown and begin to move lower. Additionally, we pushed out a post about how Silver would become the “Super-Hero” of 2019/2020 based on our expectations of further gains. We believe the new impeachment proceedings will result in a market that is very similar to what happened when the US invaded Kuwait in August 1990. At that time, the US launched a very fast invasion of Kuwait that prompted a massive news event and resulted in hours of new invasion video that drew millions of Americans into watching the news every night. This invasion was almost like an extended Super Bowl or an extended World Series event where millions of people are actively engaged in this event, stop engaging in the local economy and focus their attentions on the news cycle, content and political circus originating in DC. But first, be sure to opt-in to our free market trend signals newsletter