Gold and Silver Are Soaring, and It May Signal a Worst-Case Scenario for Jerome Powell and the Federal Reserve

This has been a truly unique year for Wall Street. Following a short-lived crash in early April, the broad-based S&P 500 (SNPINDEX: ^GSPC), ageless Dow Jones Industrial Average (DJINDICES: ^DJI), and iconic Nasdaq Composite (NASDAQINDEX: ^IXIC) have all stormed back to reach record highs.But at the same time as Wall Street's major stock indexes are rallying, we've witnessed gold and silver surge to respective all-time highs. On Oct. 17, gold neared $4,360/ounce, while silver blew past its previous high by topping $53/ounce. While there have been periods throughout history where precious metals and the S&P 500 have positively correlated, this isn't the norm.Though an all-tides-are-green scenario has put smiles on the faces of precious metal and stock investors alike, year-to-date gains of 57% for gold and 65% for silver may signal that something sinister is in the offing for the U.S. economy and Wall Street. Consider it a possible worst-case scenario for Federal Reserve Chair Jerome Powell and his board of governors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool