Has a Major Seismic Market Shift Just Begun?

A broken clock is right twice a day. So finally the ETF short positions against junk bonds (NYSE-SJ) and the S&P 500 (NYSE-SH) have turned positive while all stock sectors have turned negative. Michael Oliver’s work has pointed for some time to a major shift in key markets with gold, commodities, foreign currencies and developing markets headed significantly higher as U.S. stocks and bonds head into a significant bear market. Without question, those predictions now seem to be unfolding. While those have been slow moving trends visible to those who follow Oliver’s work for some time, it seems clear this is the week when global market participants may finally start to recognize the major tectonic market shifts Michael has been talking about.

The actions of three of those key markets during the past week are displayed on your left. Most striking and important for this letter is gold’s action over the last couple of days as we near March 26, a day that may become hugely significant. That is the day when the Shanghai petroleum exchange begins officially trading Yuan- denominated oil contracts as China, Russia, Iran and other nations targeted for destruction by the Anglo-American empire fight back by moving away from dollars toward a gold-backed Yuan trading system.

Countries selling oil to China that may not be comfortable holding Yuan are free to hedge against the Yuan by buying gold on the Shanghai futures exchange. As such, Americans, including Ph.D. economists who have been taught that gold is a barbaric relic, may find themselves at the mercy of “barbarous nations” that refute that falsehood. It’s interesting that exactly the nations we have been taught to think are anti capitalism, have turned more toward free market policies than America, at least when it comes to the most basic and important market of all—the market for money! 

A transition away from the dollar as the world’s reserve currency is beginning to take place. I hope and pray that doesn’t lead to a world war but it might because nothing is more crucial to maintaining the status quo than the continuation of dollar hegemony. The only question is whether the destruction of the dollar will be rapid or gradual transition. I hope and pray for a gradual transition but as the Anglo American Empire continues to threaten the existence of a few remaining, independent and powerful sovereign nations, a gradual, peaceful transition seems less and less likely, especially now that the Neo conservatives have gained control of the Trump Presidency.  

There are too many emerging cracks in the Post WWII global infrastructure that threatens the status quo to mention them. But one I learned of just last week that seems important is the threat by the U.S. to Europe not to continue to work with Russia in building oil and gas pipelines into Europe from Russia. Europe currently acquires around 35% of its energy from Russia. But in desiring to retain the Petro-dollar system upon which U.S. dollar hegemony depends, the U.S. is doing all it can to deny the sale of more energy from Russia to Europe whether it’s good for Europe or not!

There is too much at stake for the makers and shakers of America’s military industrial complex to even consider the idea of a peaceful world until it owns it all. But then there will be another problem, namely global insolvency. The means by which the Anglo-American empire will have been able to gain global control will leave the global economy financially insolvent because of massive quantities of debt upon which the U.S. dollar is based.  The Anglo-American Empire is like a monster parasite that is eating and destroying everything in its path in the quest of total global domination and control. And that monster cannot be controlled by the President of the United States. He is after all a puppet who must and will be controlled or else he will be disposed of.  In that regard I would urge you to read the work of Jacob Hornberger titled “Unlike Trump, Kennedy Never Bent a Knee” here: https://tinyurl.com/y9wcn3go . A few years ago I interviewed Jacob after playing prophetic speeches about America’s future from two of America’s greatest Presidents, Eisenhower and Kennedy. Hornberger, a former Texas district attorney talked about who was behind the Kennedy assassination and why the Warren Report is most likely not believable. You can listen to excerpts from Eisenhower and Kennedy speeches as well as Jacob’s remarks here: https://preview.tinyurl.com/y7dz8bwu

About Jay Taylor

Jay Taylor is editor of J Taylor's Gold, Energy & Tech Stocks newsletter. His interest in the role gold has played in U.S. monetary history led him to research gold and into analyzing and investing in junior gold shares. Currently he also hosts his own one-hour weekly radio show Turning Hard Times Into Good Times,” which features high profile guests who discuss leading economic issues of our day. The show also discusses investment opportunities primarily in the precious metals mining sector. He has been a guest on CNBC, Fox, Bloomberg and BNN and many mining conferences.