It's the biggest commodities-trading player on Earth. And it's in big trouble. I'm speaking, of course, about Glencore Plc.
Here's the truth about how close the company is to the edge of the cliff, how markets would be affected by a Glencore "credit event," the signals that will tell you a crash is imminent...
And how to protect yourself and profit from this company's extreme difficulties.
It's the biggest commodities-trading player on Earth. And it's in big trouble. I'm speaking, of course, about Glencore Plc.
Here's the truth about how close the company is to the edge of the cliff, how markets would be affected by a Glencore "credit event," the signals that will tell you a crash is imminent...
And how to protect yourself and profit from this company's extreme difficulties.
The story of the man who started Glencore is a crazy one. But it pales compared to the ongoing story of Glencore itself.
If Glencore can't survive over the next few months, the company's collapse could splatter the markets in a manner that's every bit as gruesome as the Lehman Brothers collapse of 2008.
This is what you need to look for so you'll know Glencore's brakes have failed and it's heading over the cliff, taking global markets with it.
Plus, I'll show you some ways you can make some big money on this potentially horrific crash...
A lot of powerful voices have joined me in warning about the potential threat that Glencore Plc. (LON: GLEN) poses to global financial markets. Bank of America, for instance, has published a report on the true size of the fallout. As you'll see in a moment, it's staggering.
But since we talked about Glencore late last month, something insane has happened: The stock has gone up.
But not for any good reason. The company has not righted the ship. The surge is only due to short-sellers covering their positions.
The ugly truth is, the company is still a "shining" example of exactly what's wrong with these markets.
And I fear individual investors will get caught in the mess and wiped out on a stock like this or some of the others around it.
That's why I want to call out the misapprehensions and lies that are causing this "fauxcovery" and show you what's next.
Because it could end up even worse than I thought...
On Monday, European commodities and mining powerhouse Glencore had a very bad day, and its shares dropped 29%.
Maybe you hadn't heard of Glencore before Monday. But I'd wager that, by the end of this year, everyone will know the name. Just like they know the names AIG, Lehman Brothers, and Bear Stearns.
You see, what's happening with Glencore is an eerie, picture-perfect replay of what happened in the AIG meltdown of 2008.
And what happens next is going to rock the entire market.
We all have to move quickly on this one...
