Smart Money Is Buying Precious Metals

Bitcoin: Capitulation Is A Long Way Off

If you think Bitcoin falling to $5,200 constitutes capitulation, think again. Very few, if any HODLers have actually thrown in the towel.

Capitulation is a long way off and will come at much lower prices and with far less fanfare, as CNBC will have long since abandon coverage!

Stock Market: Many Sectors Already In Bear Market Territory

The retailers are all gonna be in a bear market relatively soon, some of them of course already are. They're just blown up left and right but if these key sectors are going into bear markets like the financials then what is the odds that the entire market doesn't go into a bear market? 

This is a case of absolute and complete denial.

(audio excerpt from the Peter Schiff Podcast, Ep. 413: Investors Oblivious as Multiple Bubbles Pop)

Goldman Sachs (GS) In Bear Market Territory. Other Financials Will Follow

Look at the financials. Goldman Sachs (GS) is now down about 27 percent from its high so it is officially in a bear market.

(If Goldman) it's in a bear market what are the odds that the rest of the sector isn't gonna follow the lead of Goldman Sachs (GS)? I would say pretty slim. So, clearly the financials are gonna be in a bear market (and) they're gonna join other sectors that are already in a bear market like housing.

(audio excerpt from the Peter Schiff Podcast, Ep. 413: Investors Oblivious as Multiple Bubbles Pop) 

Apple (AAPL) Stock Is In Bear Market Territory

Look at some of the big stocks that are selling off. Apple (AAPL) down again today down 2.7 percent on the day but now Apple is finally in a bear market. It's now down better than 20 percent from the highs - so what's the odds that now that Apple is in a bear market that the rest of the market isn't going to follow?

Weakness On Housing Stocks

The biggest canary (just another one of those dead canaries that these miners are ignoring) is what's going on in the housing stocks. We got more bad news on housing this week you got no warning going forward from DR Horton I think the stock was down 10 percent.