Over the past 10 days, a flood of deflationary data hit the market which may be signaling the next major leg down has begun…

• Real Estate has begun its next major leg down, which has been one of the canary’s in the coal mine for the expected “recover”. The canary is now dead.
• Deutsche Bank cut non-farm payroll job creation from 300,000 to 160,000 in the past two days, and Goldman just dropped it to 100,000 this morning. Previously forecasting unemployment to decrease, they are now expecting it to increase.
• Belarus has become the first hyper-inflationary casualty of the melt-down as of this week. Full price controls on food have been implemented.
• The latest PMI numbers have just dropped from 67.6 to 56.6, which is the largest drop since 1980. (PMI is the “Purchasing Manager’s Index” is a broad number used to measure overall manufacturing rates). Manufacturing is slowing, which means demand is slowing, which means revenues are slowing, and layoffs loom.
• The financial sector is testing its’ 200 day moving average…

In order to make sure I’m positioned correctly to take advantage of what may be the next big leg down in the market, I asked James Turk, Gonzalo Lira, and Kip Herriage to join me for a timely mastermind call that did not disappoint…

 

(Click the video above to play…)

Topics covered include…

• The impact on stocks from the data listed above… (Time to go short?)
• What a serious downturn would mean for precious metals…
• The expectations for QE3…
• The latest on the EURO, the expected end-game scenario, and how to play the currency trade…
• The best way to postion your assets in the short and long-term for each of the scenarios above…

It was fantastic session which got better and better as it progressed, and a MUST HEAR for everyone you know… Please do them a favor and pass this on, and I’d love to hear your comments below…

Mike Dillard is a life-long entrepreneur, publisher, and the founder of www.TheElevationGroup.net.

James Turk is the founder of my favorite way to own physical precious metals since 2008, www.GoldMoney.com.

Gonzalo Lira is the found of the Lira Strategic Planning Group, which formulates investment strategies based on economic scenarios and black-swan events.

Kip Herriage is the founder of the Vertical Research Advisory Newsletter, Wealth Masters Intl, and Crash Proof Prosperity in partnership with Gerald Celente.

Sincerely,

Mike Dillard