Dow Jones at Risk as Bond Yields Rise and Silver Price Targeted for Skyrocketing

The Dow Jones has been in a scoring position above its BEV -5% line since late April, generating thirteen new all-time highs and reducing each to only a 0.00% in a BEV chart.

Looking at the Dow Jones as Mr Bear does with the Bear's Eye View, we see each bear market decline in precise percentage terms going back to 1978. Since then, there have been growing clusters of BEV Zeros resulting in selloffs in the Dow Jones.

The last time the Dow Jones saw a 35% claw-back was over six years ago, and with many new BEV Zeros generated since the March 2020 Flash Crash, it's unclear how much more time before the next big market decline. The author believes this is not the time to buy and hold but rather reduce market exposure and go to cash.

The Dow Jones has been advancing steadily, but with rising bond yields, deflating Tier 1 assets (US Treasury Debt) are a concern for the global banking system. Nomi Prins predicts the BIS will make silver a Tier 1 Asset, sending its price skyrocketing to $180.