By John Galt
November 30, 2011 – 09:00 ET
No words are necessary to tell you what is happening next, so I thought I would let the 2008 charts speak for themselves.
(Click to enlarge/reduce chart size)
Sept 2008 S&P 500:
Aug 2008-Dec 2008 S&P 500:
Sept 2008 Gold:
Notice the spike as gold rallied on the dollar swap liquidity announcement.
Aug – Dec 2008 Gold:
Tags: crash, CRISIS, depression, DJIA, DOLLAR, ECONOMY, EURO, EUROPEAN UNION, EUROZONE, GOLD, S&P 500, STOCK MARKET
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Thanks,
John
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Thanks for pointing out the similarities. They are striking. Only difference I can see this time around is that now we are openly helping European banks. Last time it was not so obvious. Sheeple investors still bleated and bought. I think this time around PMs will not take as much a beating. If there are margin calls I think paper will be liquidated well before PMs. In 2008 there was less awareness of the importance of PMs.