During Big 2016 Market Correction Gold & Silver Didn’t Fall, They Soared

If we go back to the last big market correction, the precious metals didn’t fall, they soared.  There were several reasons the gold and silver prices disconnected from the broader markets at the beginning of 2016.

In my newest video update, I show exactly what happened to gold and silver price as the Dow Jones fell more than 2,000 points in the January and February 2016.  Investors back then who were expecting falling precious metals prices watched as gold shut up by nearly $200.

In my newest short video update, Gold & Silver Soared During The 2016 Big Market Correction, I explain what prompted investors to flock to the precious metals as worry turned to fear in the broader markets:

In the video, I discuss the price action in the Dow Jones, gold and silver prices.  You can see quite clearly that as the markets began to correct lower, the precious metals disconnected and jumped higher:

What was taking place at the end of 2015 when the Dow Jones was topping at 18,000, the gold and silver prices were bottoming.  While the precious metals prices are up higher today than what they were at the beginning of 2016, we have a very similar setup.  Again, we are seeing a much different gold and silver market today than it was in 2008 before all hell broke loose in the markets.

Lastly, I believe investors are going to be surprised by the price action of gold and silver when the highly leveraged markets ROLL OVER in a big way.

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24 Comments on "During Big 2016 Market Correction Gold & Silver Didn’t Fall, They Soared"

  1. Michael Kohlhaas | August 27, 2018 at 6:07 pm |

    Keep on believing! Nobody knows what’s coming!

    • If you watch MSM news sources then your are correct: “Nobody knows what’s coming!” But if you look at various independent and alternative media then you can piece it together, bit by bit. You also learn to distinguish fact from fiction. And it’s the opposite of what the MSM tells us that everything is fine and will roll along in perpetuity. Be patient – I think even a lot of the more aware people are expecting things to happen much too quickly. These things play out over years or decades.

    • Steve is perfectly right, but with one exception. Namely the coming stock market correction will be only temporary. So do not expect the final break up in PMs this or next year. Only between 2025 and 2030 the real crisis will hit, elevating PMs prices.

    • DisappearingCulture | August 28, 2018 at 7:44 am |

      This is a good video. In response to the statement “Nobody knows what is coming” I say plenty of people know what is coming; but very very few know the timing. On the subject of timing, in the roughly several weeks’ time framework look at the COT reports. The big banks, the commercials, are almost always right in how they position themselves. Currently they are at or almost at record long positions in G & S. Look for prices to move up a bit.
      Chances are during the price run-ups Steve mentions in the video, they were net long too.
      Stock market crash is unlikely to collapse the COMEX; until something does they will rise again to cap the prices [after a period of significant rise in PM priced in dollars]

    • We need Bo Polny’s biblical perspective to understand what is ongoing with the PM prices.

      • DisappearingCulture | August 28, 2018 at 11:33 am |

        Apparently his “biblical perspective” has allowed him to make bold inaccurate predictions in the past.
        Beware ANYONE publicly making claims/predictions like he does; religious or not.

        • Some of the analysts invoked the Jewish shemitah and they failed to predict the break up. The problem is the majority of them work for the PMs industry and they just want to sell more PMs and this is their reasoning

          • Ed,

            While your reasoning might make sense in regards to SELLING PRECIOUS METALS, I would assure you that the HUGE SPIKE of RETAIL INVESTORS in the GLD and TRADERS into GOLD pushing the price up nearly $200 had nothing to do with PM Industry pumping metals.

            Nice try though.

            steve

  2. If you really wish to know the end game read the Bible.

    • And it says they would be throwing their gold and silver in the streets.

      • DisappearingCulture | August 28, 2018 at 7:12 am |

        Please remember a lot of teachings are allegorical; definitely including the Bible. There would be no reason to throw gold and silver into the streets.

        • They won’t throw their gold and silver in the streets, but they will heat their houses with worthless fiat paper. Best trolls are those who work together trying to gain momentum.

          They post really interesting comments every now and then, to build up trust. Suddenly, when it becomes serious, they come up with the biblical abilities of colloidal silver. Or something like that. Paid postponing is how i call it. 😇

  3. Higher price is needed to push the price higher. It’s price that drives the demand. Like this: https://trends.google.com/trends/explore?date=all&q=buy%20bitcoin

    Insanity doesn’t have to correlate with crash.

  4. I wonder that if North Korea starting firing off rockets over Japan again, would gold begin rising well or would everyone still dive into the dollar this time??? I’m beginning to think at this point, NOTHING will make gold gain much. Hope I’m wrong (about gold AND NOKO firing off more rockets!).

  5. Steve,
    Convincing agrument, thanks!
    YouTube is banned in China (traveling for business; didn’t bothered to buy VPN yet) – would you consider other ways to posting videos to widen your auditory?

  6. China is not the only country restricting internet access ALL countries are.
    We are living in interesting times.
    Your internet router is restricting your access.
    Make your primary DNS (Domain Name Server)set to 8.8.8.8 and secondary 8.8.4.4 for access to all WEB and HTML pages (IPv4 service). (instructions are on Google)
    For all other IP addresses (i.e. cameras, sensors, etc.) 2001:4860:4860::8888 and 2001:4860:4860::8844, for IPv6 access. Everything ( for the “time being” is wide open)
    The how to do it is also on Google, imagine that!

  7. Each Antivirus program has been (temporarily)taken over by their corresponding national origin’s intelligence agency.
    Norton – US
    Kaspersky – Russia
    Panda – China
    Etc.
    Remember this is for your protection it is ONLY TEMPORARY.

  8. If only it were true, Ive heard the same thing over & over from David Morgan and can only say even a broken clock is right twice a day – I havent lost the faith, but its been years in the dolldrums & will only go up when the guys at the Comex allow it to – and no one knows when that is.
    RBM
    UK

    • DisappearingCulture | August 30, 2018 at 2:23 pm |

      “will only go up when the guys at the Comex allow it to..”

      It can go up a lot without the allowal of the COMEX, but they will regain control and knock it back down until they are broken by serious sustained physical demand.

  9. Given the great uncertainty in world and still nothing has moved PM’s to any great degree, I feel now, that, until there is a robust shortage of physical and the East physical price detaches seriously from the West paper price, then a change may occur….

    For a West/East price compaison, take a looky here…

    http://www.didthesystemcollapse.com

  10. This depends on flows of paper. I’m a keep saying it, but as long as there is capital out there to plunder, then there is more wood to throw on the fire.

    I can tell you now that we’re possibly still a very long way off from a crash yet. Hell, they just got the Saudis to bail out that Tesla Ponzi scheme. It’s burning cash like there’s no tomorrow and yet they keep getting thrown a bone. There’s usually somebody with a bailout somewhere – it’s a big world who knows who’s next.

    • DisappearingCulture | September 2, 2018 at 3:07 pm |

      “Hell, they just got the Saudis to bail out that Tesla Ponzi scheme.”

      In what way did the Saudis bail out Tesla?

  11. Uh huh, exactly what Steve has been saying. This time it’s the NYT saying it.

    https://www.nytimes.com/2018/09/01/opinion/the-next-financial-crisis-lurks-underground.html?ref=oembed

    “These companies have survived because, despite the skeptics, plenty of people on Wall Street are willing to keep feeding them capital and taking their fees. From 2001 to 2012, Chesapeake Energy, a pioneering fracking firm, sold $16.4 billion of stock and $15.5 billion of debt, and paid Wall Street more than $1.1 billion in fees, according to Thomson Reuters Deals Intelligence. That’s what was public. In less obvious ways, Chesapeake raised at least another $30 billion by selling assets and doing Enron-esque deals in which the company got what were, in effect, loans repaid with future sales of natural gas.”

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