Obama Administration pushes for and legislates anti free-market fiscal and social policies. The Gold/S&P Cross has occurred and POTC believes it is due to the looming socioeconomic ramifications of a big government. One troy ounce of gold now costs more than one share of S&P 500 index.
POTC warned of this day several weeks ago, please verify the blog archive on October 6th and 7th. Our team feels vindicated as equities sold off and lost most of their October gains on the same exact day the "Golden Cross" occurred. Yet many CNBC talking heads continue to blow their bull horns as if pending anti free-market legislation did not matter.
Shame on Jim Cramer and everyone who is turning a blind eye to the increased regulations and controls on the horizon. The insistence of the Obama Administration that government is the solution to all our problems is troubling and only developing, as the donkey majority is behaving very aggressively in favor of a centralized government model.
Every private sector is at great risk of having to change their business models as a result of higher taxes and government fees. Whether Public Health Care, Energy Cap and Trade, Autos, Banking, Insurance, or Employee Free Choice Act/Card Check (EFCA), POTC agrees with Larry Kudlow's blunt admittance on Thursday, Oct 22nd: "I Cannot be a Long-Run Bull on the Stock Market".