Craig Hemke (TFMetals Report): Unhinged Silver Fix And S&P Death Candle

I sat down with Craig Hemke, TFMetals Report to get a much needed update on the S&P Death Candle and to get his take on what happened with silver on Thursday.

Ponzi schemes are as old as time.

We live in unprecedented times. In 2012 the U.S. government legalized propaganda and since then the lies and deceit we are fed have become common place, not to mention more disconnected from reality than ever before. If we look at the outrageous unemployment number, being 5% when reported on January 8th, 2016, anyone with a brain knows that something is out of balance. The labor participation rate is somewhere around 1950’s level. I ask you, has the population of the U.S. grown since the mid 1950’s? If the answer is yes, then something is wrong with the unemployment number being reported.

Turning our attention to something only slightly larger, like the S&P 500, NASDAQ and DOW Jones Industrial Average we see, once again, nothing but fantasy. These “markets”, which represent a vast amount of wealth held by the average American, have been rigged, for the past five years, with currency provided by the Federal Reserve through their program of Quantative Easing (QE). Corporate stock buy backs have been at all time highs for several years, in direct correlation to QE. This is now coming to an end. All ponzi’s end the same way – when there are no more people to put more currency into the scheme it crashes.

In 2001 the stock market experienced its first big crash since 1987. There was approximately a 49% down turn in the S&P. In 2008, when we were sold a bill of goods by the Federal Reserve, Congress and the Treasury Dept., the S&P crashed again and experienced a 56% down turn and the joke “my 401k is now a 201k” was born. This is no laughing matter. The markets are currently set up with the exact same pattern as both 2001 and 2008. If, by the end of February the S&P closes below 1920, it is currently at 1940, the patterns that were unleashed in 2001 and 2008 will be in full view. I am not a financial advisor and I am not offering financial advice, I am merely pointing out patterns that Craig Hemke identified a few months ago. These patterns can be seen in the chart below: