Predicting A Market Crash In The Near Future? [Dow Jones Industrial Average 2 Minute, SPDR Gold Trust (ETF)]

market correction bearMac Slavo: With all of the variables in play it is impossible to predict the exact moment of the triggering event that will lead to the next stock market crash. But every so often a blaring red siren pops up that is worthy of our attention.

Trend analyst and stock trader Greg Mannarino of Trader’s Choice may have just spotted such a signal. He calls it a possible “banker’s tell” that may be giving us advance warning of a coming market event that could lead to the crash many observers expect is inevitable.

The following two charts show the price for the SLV silver Exchange Traded Fund from just before the crash in 2008 compared to what it looked like over the last six months. As he notes in his recent interview with Greg Hunter’s USA Watch Dog, the pattern similarity is uncanny.

We’re seeing almost identical price action with regard to silver that we saw one month prior to the crash of Lehman Brothers in 2008. That means something may be lurking here on the horizon.

Is history going to repeat itself again? We understand there’s a lot of shady things going on here, so anything can happen here.

SLV in 2008:

slv-2008

SLV Now:

 

slv-now1

Within weeks of this pattern developing in 2008 we saw one of the largest market crashes in American history, as depicted by the following chart:

slv-and-market-crash

To be clear Mannarino himself suggests that, given the heavy monetary machinations from the Federal Reserve, there is a strong probability that stock markets will continue to soar to record highs for the time being as the Federal Reserve and their European central banking counterparts continue to pump money into the system with reckless abandon.

But, as we all know, nothing lasts forever.

Whether the stock market crashes in the near future or not, what we know is that the Fed will continue to debase our currency. This will lead to higher prices for key resources like food and energy, and a continued impoverishment of  Main Street. In the end, so much wealth will have been taken from the American people through inflation that there will be nothing left to fuel the economy and the inevitable crash will be upon us.

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