"Absent the performance on FOMC days, the stock market has gone nowhere in 17 years. If you're a believer in capitalism and free markets, you sit back and think about that statistic for a moment and ask yourself - 'have I really made any money without The Fed?'"
[3]
Since gold peaked in 2011, there have been 37 Fed meetings (and minutes released 33 times) and 8 congressional testimonies. Removing the 164 days covered by these events (15% of the 1092 trading days since Sept 5 2011's gold peak), reduced gold's drop by almost half to just 25%.
[4]
As Santiago Capital's Brent Johnson warns "never underestimate the power of The Fed" but in the long-run this is unsustainable as while The Fed has consistently forecast, promised, guaranteed that economic green shoots are showing up, they have been horribly wrong... and with December's meeting looming, their credibility is running on fumes.
[5]
We have transitioned from free markets to centrally-planned and financially-engineered markets as the PhDs attempt to control the greatest monetary experiment ever undertaken. But they are almost out of runway... and they know it as mainstream market participants belief in their omniscience is rapidly fading.
Watch the full presentation below as Santiago Capital's Brent Johnson transitions from the manipulated markets to the loss of trust and faith that is coming - "god help us all" he ominously concludes as he notes it is not important where gold trades now but where the precvious metal will trade when you do need it...
