On the heels of some wild trading in global markets, and the Chinese downgrading the US, today top Citi analyst Tom Fitzpatrick sent King World News the scary chart that has everyone in Washington terrified. Fitzpatrick also discusses an incredible price target for gold, along with 3 incredible gold and silver charts he sent KWN.
Looks to be breaking out of the uptrend in a similar fashion to the summer of 2007 (see chart below).
King World News note: If you look at the break in the center of the chart, you will notice that US Job Openings collapsed after breaking through the trendline. The frightening implications of the break of the uptrend line on the right hand side of the chart is that if it follows a similar pattern, US Job Openings are set to collapse below the level seen in 2009. This indicates incredible turmoil ahead for the United States, and this is why this chart has everyone in Washington so terrified. The question is, exactly what lies ahead that would cause this kind of massive job destruction?
Please follow SGT Report on Twitter & help share the message.