* Near 300 point drop in the Dow * NASDAQ down 118 * S&P down 30 points * $1.50 gain in oil and oil stocks up * No significant economic news that would trigger this move * Dollar was not down much lower on day * The 110 level is holding back the euro * Expectations that the euro will roll over on higher U.S. interest rates kept the dollar up * A weak stock market is bad for the dollar and good for gold because the Fed is likely to not raise interest rates or launch QE4 * The only way the Fed can prevent a correction from turning into a bear market is by launching QE4 * The Fed has built this "recovery" on asset bubbles * Launching QE3 guarantees QE4 * The only thing that will stop perpetual stimulus is a currency crisis * Durable Goods Orders were estimated at .7% gain * Actual number came in at a 1.4% decline * Five consecutive monthly declines in Durable Goods X Transportation * The last time that happened was during the months surrounding the 2008 financial crisis * The U.S. economy today is the weakest it has been since the depth of the 2008 financial crisis * The final revisions to Q4 GDP due on Friday are estimated to go down * There's a good chance the number will be lower than 2% * Pundits are making excuses, saying that the "First quarter s always weak" or "It's the weather" * They don't want to come to terms with realityOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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