|
THX 1138
|
 |
March 05, 2016, 12:32:10 PM |
|
Take some profits into US dollars. The Euro, Pound, Yuan, and other currencies will also collapse relative to the US dollar due to the carry trades and pegs to the dollars which put the rest of the world bet short against the dollar.
I'm not risking trading. I'm long term. What you say could be correct, but even if Gold does go lower in the medium term, BTC might not be affected. We saw the past several years where Gold was in a bear market and BTC was booming. Mmm-hmm. Prices of BTC and gold do seem to move relatively independently of each other. That is why I have no problem suggesting owning both, that the various partisans favoring BTC or gold miss the point. Not only have they moved independently, their roles are different. Gold is insurance vs. .gov malfeasance. HODLING BTC may yield a big speculative profit, or maybe not! Disclosure: I own both. I also own "physical CA$H", which may very well be a great short-term defense against OTHER COUNTRIES messing up worse than the USA. EDIT: I would add silver to the equation too, noting that the gold/silver ratio price is presently just over 80, when over time it has averaged about 15. I'm going to watch with interest just what unravels re PMs and BTC over the following weeks and months. As and when any of them move to a perceived bottom I will buy - currently having only a little of the former at the highest price point of my taper strategum. Here in the UK, a Brexit (as things stand, with constant scare tactics from Cameron and the mainstream media, it's looking less likely, barring any ISIS attacks, financial or EU refugee calamaties before June) could significalntly effect the value of the £ against the $ - I think Armstrong mentioned a while back he reckoned the £ could achieve parity or below with the $. |
|
|
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
|
|
|
|
|
|
TPTB_need_war
|
|
March 06, 2016, 12:36:22 AM |
|
Take some profits into US dollars. The Euro, Pound, Yuan, and other currencies will also collapse relative to the US dollar due to the carry trades and pegs to the dollars which put the rest of the world bet short against the dollar.
I'm not risking trading. I'm long term. What you say could be correct, but even if Gold does go lower in the medium term, BTC might not be affected. We saw the past several years where Gold was in a bear market and BTC was booming. Mmm-hmm. Prices of BTC and gold do seem to move relatively independently of each other. Incorrect. They are highly correlated (if a smoothing filter is employed) since 2013. Gold had a rise recently and so did Bitcoin. Btw, MA has totally debunked the idea that the historic gold/silver ration is 15. Come on guys, stop being emotional and study the data. |
|
|
|
|
TPTB_need_war
|
|
March 06, 2016, 02:42:04 AM |
|
I'm long term
What if there is no long-term: Seems quite plausible that Bitcoin will implode this coming March 13/14 or shortly thereafter, and when Bitcoin gets a flu, the altcoins go no bid and collapse. Still, the digital currency experienced sharp gyrations this week amid news that the network was exceeding its capacity for transactions, a development that resulted in users paying sometimes substantially higher fees.
Bear in mind this revelation (click the link in the quote below) which I had predicted as well was the motivation for 51% attack of the Chinese mining cartel which blocked any block size increase: |
|
|
|
OROBTC
Legendary
 Offline
Activity: 1456
Merit: 1000
|
|
March 06, 2016, 05:25:54 AM |
|
Take some profits into US dollars. The Euro, Pound, Yuan, and other currencies will also collapse relative to the US dollar due to the carry trades and pegs to the dollars which put the rest of the world bet short against the dollar.
I'm not risking trading. I'm long term. What you say could be correct, but even if Gold does go lower in the medium term, BTC might not be affected. We saw the past several years where Gold was in a bear market and BTC was booming. Mmm-hmm. Prices of BTC and gold do seem to move relatively independently of each other. Incorrect. They are highly correlated (if a smoothing filter is employed) since 2013. Gold had a rise recently and so did Bitcoin. Btw, MA has totally debunked the idea that the historic gold/silver ration is 15. Come on guys, stop being emotional and study the data. I still submit that BTC and gold have somewhat different price movements, especially given more time than since 2013. I suspect (guess) that BTC and gold prices will be less correlated before too long. They are different enough that they count as independent investments for me, I HODL both. * * * I agree re the Au:Ag price ratio of +/- 15 is not too meaningful. This has indeed varied quite a bit in history. You already know, TPTB, that our pal FOFOA is predicting a YUGE Au:Ag ratio..... Should this happen along those lines, that "historical ratio" will then become worth its real value: NOT MUCH. I would say similar for platinum, my sentimental favorite. |
|
|
|
|
|
TPTB_need_war
|
|
March 06, 2016, 05:37:05 AM |
|
I believe Martin Armstrong has the correct model of what will transpire over the next few years. His model is basically that the entire world is short the dollar ($10 trillion in international corporate bonds denominated in US dollars, various currencies pegged to the dollar, e.g. the Hong Kong dollar and Chinese Yuan, which enabled China to undercut the world's manufacturing and become a highly imbalanced economy with 65% share being for factories and only a miniscule consumer share, which leaves China with overcapacity and negative profit margins, etc).. So basically what will happen now is the entire world will go into collapse mode as the US dollar goes higher and the world's wealthy flee into the US stock market as the final safe haven. This will cause the US dollar and US stock market to sky rocket until about 2017.9, after which the US will collapse due to a strong dollar overheating the US consumer economy and collapsing exports. From 2018 to 2020, will be "an over the cliff" collapse for the entire world, since the US economy was the last one still standing up in 2017. Asia will bottom in 2020, because fundamentally Asia has the youth and the growth potential without the retirees that will fight for Socialism. Asia's debt can be cleared out by debt defaults, but the West's debt is cultural and can't be cleared out, because the boomers will fight politically for their retirements and demand the government tax everyone to pay their retirements. So March 13/14 is the turning point that should see crisis accelerate outside the USA. Just this past week China announced laying off 1.9 million steel workers. The exodus of capital from China going to the USA for safe haven has radically accelerated, some even saying China's reserves will be threatened as this accelerates.  The dead-cat bounce in gold is because the USA Fed did not aggressively raise rates yet, which enabled Europe and China to buy a little bit of time. This also enabled Bitcoin (and the altcoins) to get a bid. But this is a dead-cat bounce and the final lows for the speculative assets is coming. Again I am reasonably confident of < $850 for gold and < $100 for Bitcoin. I am thinking perhaps $50 for Bitcoin, but it is also possible the block size issue and Blockstream totally fuck up Bitcoin and we sell off to $10. I think perhaps that is extreme, but I don't place it outside the realm of possibility. Again I don't know if this selloff will be in March or later in the summer, but in either case I am reasonably confident it is coming. So for the interim time the safe parking asset is the US dollar. After gold bottoms, then gold is a go to asset but as a diversification not as a core holding. As for crypto currency, it is too murky to know yet, because currently it is difficult to know whether Bitcoin is heading for total failure (slap yourself, it is possible <--- click this link!). For a core holding, appears the US stock market once the current correction has bottomed. Expect a double by roughly 2017.9. For a speculative holding, find the best crypto currency after the washout. For a core holding after 2017.9, purchase a Bible and pray. Seriously, nothing may survive. Even if you buy real estate in Asia, you may not be able to hang on to it, as the governments are going to cooperate to make sure we white guys pay all our taxes back home (don't expect the European policy of not taxes expatriates to hold). I guess try to diversify and put things in other people's name? Bury gold? (I don't like these ideas) If you want more information, I suggest reading the Martin Armstrong thread in the Economics forum. There I have defended against the trolls such as sloanf, and I think explained why Martin Armstrong's record is superior to any other analyst on earth. You might be skeptical of his ability to predict the macro economic future by tracking 1000s of financial and other variables along with his $1 billion of historic data in an A.I. computer model that employs multi-dimensional cycle correlation. Edit: if you think Asia will be a great place to migrate too, read this: Btw, even I have been coming to and living in the Philippines perhaps half of my years on earth, I am still shocked how rampant the corruption is here. It is built into the culture that the people use each other. I guess it comes from the Spanish occupation and perhaps even before that the tribes probably captured each other for slavery. For example, the brother of my ex holds a tourist visa to go Brunei (will look around for a job), but he doesn't want to fly directly from Manila to Brunei, because the immigration officials are likely to deny his exit if he doesn't bribe them. Whereas, if he flies from Manila to Hong Kong they may not suspect he is seeking employment abroad and thus may not extort him.
|
|
|
|
|
TPTB_need_war
|
|
March 06, 2016, 07:10:53 AM |
|
On this subject, you're either in or out of the Harry Dent camp.
Note Harry Dent entirely fucked up and missed the 2007/2008 collapse (which cost me dearly as I had to try to liquidate physical silver during a collapse ... because I had moved back to the Philippines and couldn't leave my physical at the bezerk jhmint ... and at the time I thought US capital controls were imminent due to the collapse ... I was inexperienced and panicked ... but then learned a lot from Martin Armstrong hence). Dent has totally changed his long-term predictions for the future from hyperinflationary to deflationary collapse. I was buying his service back in 2006/7. He fucked me over. The only guy who has always been correct (on the macro economics, not short-term trading) since I started following him in 2010 or so, is MA (Martin Armstrong). I learned my lessons the hard way, by losing all of my former wealth (18,000oz of silver). Not just Harry Dent but also Graham Summers premature prediction of China collapse, silver dealers fucking me over (you see jhmint.com, tulving.com and the silver dealer I dealt with in Manila are all bankrupt!), etc.. Highly liquid assets such as commonly accepted currency retain value the best in these scenarios, while everything else implodes. Who is to say debt based fiat would even have value after such a market implosion though? A vast majority of the money supply simply disappearing might cause a switch to a new currency because the economy would come to a halt, or helicopter money would be required to jump start it, which then causes the value to go to nothing anyway. Fiat is in no way a safe haven. Besides short term valuations, Bitcoin and gold are isolated entirely from that contagion.
The mistake you and many (most) people make is that an implosion is a slow motion train wreck that goes through several stages. The next stage is the international capital escapes the collapsing peripheral economies to the main reserve economy. This is the way it always goes, ditto in the collapse of the Roman and the Athenian empires. We are actually in the midst of the collapse of the US empire, but the paradox is that the core of the empire becomes stronger before the end collapse. After 2018, the rest of the world will complain about the strong dollar as being the source of the problem, so there will be a monetary reorganization of the reserve currency to enable power sharing with EU and AU (Asian Union). Some say this is the 10 Kings stage which precedes the final one world global currency stage at the end game of Revelations:  So yes cash would be a premium, except we have a problem. The governments routinely cancel the fiat cash and thus force cash out-of-hiding. And in the past, you could hop on a boat with gold, but now your gold will be confiscated at transit hubs and checkpoints. No this is a empire type collapse where nothing survives. The governments are going to hunt down everything. So until 2017.9, the mainstream wealthy will move to the US dollar and US stocks. Then the USA will trap (confiscate?) all that money with capital controls as FATCA comes into full force in 2017. And the global economy will implode. We likely go into war too as a result of this economic frustration. The limited network capacity does not make Bitcoin a commodity, it makes it a network where only high value purchases or bundled low value purchases can be made.
No it means the Chinese mining cartel owns your Bitcoin. They can block any transaction they want once we go into war. You are not Chinese, they block your transactions. They control 65% of the hashrate and on the next halving the marginal miners go, which means Chinese ASIC miners will gain greater percentage. They can then extort high transaction fees or in any case some big mess, same as what (well intentioned) top-down control did to China's arable land. If you don't think China can't require KYC identification on every Bitcoin transaction, then think again: https://www.aclu.org/blog/free-future/chinas-nightmarish-citizen-scores-are-warning-americanshttp://theantimedia.org/china-just-launched-the-most-frightening-game-ever-and-soon-it-will-be-mandatory/We don't have a solution for cypto currency yet.Can you explain more about the strong US dollar overheating the US consumer economy and collapsing exports causing the US to fall?
This is where I'm most confused.
The USA imports a lot, so a strong dollar will be an infusion in the consumer's arm because imported products (including oil) will be cheaper. So this will be more money that can be spent on for example a renewed subprime real estate bubble. So this will artificially inflate the consumption/debt side of the economy which is already disproportionate, then it will shrink the export sector due to the strong dollar (costs more for other nations to import) and the collapsing demand of other nations. So the economy goes into a terminal bubble, that once it loses momentum can't sustain itself and collapses. Realize this stampede into the US dollar (which eventually decelerates) will create a momentum for people to take on new debt in the USA. It will be rapid and very short lived boom right before the horrific Minsky Moment collapse. Note this is exactly what happened in the booming 1920s (right before the 1929 collapse), as all of Europe's gold was escaping to the USA. The markets have a way of head faking people who not paying attention to capital flows. |
|
|
|
OROBTC
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
March 06, 2016, 05:02:53 PM |
|
...
TPTB
You raise so many interesting items for me to think about (before responding) that I just decided to cherry-pick 'em and pass along three comments.
First, thanks for the extended Armstrong comments re Asia (China). What you say makes sense, that China's .gov is ONLY concerned about maintaining their corrupt rule, and that the distortions in their economy are their chickens coming home to roost... Thanks also to LiteCoinGuy (a fantastic asset to bitcointalk) for the great table you posted. The scenario you sketch out re money fleeing to the USA from the R.O.W. is quite plausible. The steep rise in the US$ would (likely) end as you suggest, with a crash led by US producers and too much debt.
Second, while I do not closely follow Harry Dent, I have read a book or two of his and read occasional other pieces of his. I have never found him compelling and have also noted his flip-flops on trends. The one important issue he does raise, DEMOGRAPHICS, is under-studied, but I am not sure he is looking at even that correctly. He also has a glib manner of writing that is not attractive.
Third, I (of course) am not a deep thinker on Bitcoin. Yet I read what I can when I have the interest and time. You are the only one I have read who makes a reasoned scenario how BTC could decline even worse than gold (ah, that's sort of not so bad, LOL...). I do not understand the mechanics of how the Chinese miners could & would sow destructive seeds, but the Chinese mentality os different than mine. Somewhat related are your observations re corruption as an ingrained part of the cultures in SE Asia, I see that as well in Peru. Petty (and not so petty) corruption is accepted and even expected in so many cases (Exhibit One: all 15 or so Presidential candidates running in Peru).
* * *
Graham Summers, bwa ha ha. Lead advertiser there at ZH. Hell, I can write as well as he can about SHTF.
Silver: the devil's metal. I guess they call it that for a reason. Silver has never had a Happy Ending for me (nor my cousin who owns a LOT -- not as much as you did, but 10 x more than I ever did). As you found, Ag is not good if you are (or might need to be) mobile. I keep just enough silver around to use as "change" (small currency units) is it all comes to that.
* * *
Since my post here is a ramble, I would ask if Armstrong has ever written on platinum, a much neglected PM. Or if you have any of your own views on Pt, I would welcome that as well. My own take on Pt is that "platinum is for optimists", that is, I would expect Pt to do better (relatively and absolutely) if world economies are doing well. Pt (and other platinum-group metals, but especially Pt) are essentially necessary (and AFAIK not substitutable) as catalysts to remove pollutants from diesel and gasoline engines.
|
|
|
|
|
|
btcbug
|
|
March 06, 2016, 06:02:16 PM |
|
I believe Martin Armstrong has the correct model of what will transpire over the next few years.
His model is basically that the entire world is short the dollar ($10 trillion in international corporate bonds denominated in US dollars, various currencies pegged to the dollar, e.g. the Hong Kong dollar and Chinese Yuan, which enabled China to undercut the world's manufacturing and become a highly imbalanced economy with 65% share being for factories and only a miniscule consumer share, which leaves China with overcapacity and negative profit margins, etc)..
So basically what will happen now is the entire world will go into collapse mode as the US dollar goes higher and the world's wealthy flee into the US stock market as the final safe haven. This will cause the US dollar and US stock market to sky rocket until about 2017.9, after which the US will collapse due to a strong dollar overheating the US consumer economy and collapsing exports. From 2018 to 2020, will be "an over the cliff" collapse for the entire world, since the US economy was the last one still standing up in 2017. Asia will bottom in 2020, because fundamentally Asia has the youth and the growth potential without the retirees that will fight for Socialism. Asia's debt can be cleared out by debt defaults, but the West's debt is cultural and can't be cleared out, because the boomers will fight politically for their retirements and demand the government tax everyone to pay their retirements.
So March 13/14 is the turning point that should see crisis accelerate outside the USA. Just this past week China announced laying off 1.9 million steel workers. The exodus of capital from China going to the USA for safe haven has radically accelerated, some even saying China's reserves will be threatened as this accelerates.
Thank you for this summary! I find it a bit difficult to paint the big picture from Armstong's cryptic blog posts, but this is sort of how I was translating it. Incorrect. They are highly correlated (if a smoothing filter is employed) since 2013. Gold had a rise recently and so did Bitcoin. I found this chart:  Source: http://allcoinsnews.com/2016/01/29/tradebock-research-finds-that-bitcoin-gold-negative-correlation-has-intensified/Yes there are periods where it does seem highly correlated, but that chart is actually showing us that most of last year was the opposite. Thoughts? |
|
|
|
|
OROBTC
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
March 06, 2016, 06:45:52 PM |
|
... That's a nice chart, btcbug. I found another (not as nice, but illustrates more or less the same). This one compares the Bitcoin ETF vs. the GLD (the ETF for gold, "paper gold"). While this is not a perfect pair to compare, it is "good enough". This compares the recent ratios of BTC vs. gold (scale change of course as it is the GBTC vs. the GLD, neither of which are exactly the asset they each track). Still, FWIW:  It shows only the most recent five months or so (probably because GBTC is so new), but if gold and Bitcoin were perfectly correlated you would see NO CHANGE (or very little let's say) in the ratio. Instead it has varied between o.25 or so and 0.65. And that is just in 5 - 6 months. |
|
|
|
|
|
btcbug
|
|
March 06, 2016, 08:18:30 PM |
|
...
That's a nice chart, btcbug.
I found another (not as nice, but illustrates more or less the same). This one compares the Bitcoin ETF vs. the GLD (the ETF for gold, "paper gold"). While this is not a perfect pair to compare, it is "good enough". This compares the recent ratios of BTC vs. gold (scale change of course as it is the GBTC vs. the GLD, neither of which are exactly the asset they each track). Still, FWIW
It shows only the most recent five months or so (probably because GBTC is so new), but if gold and Bitcoin were perfectly correlated you would see NO CHANGE (or very little let's say) in the ratio. Instead it has varied between o.25 or so and 0.65. And that is just in 5 - 6 months.
Thanks. It's hard to find charts going back any length of time and comparing Gold, Silver with BTC. Gold and Silver are highly correlated long term, but can we say the same thing about Gold / BTC? Crypto hasn't been around for long and so when I see the negative correlation between the two since last July, is that just a short term negative or are we witnessing a change that will become the new normal between the two? It makes sense to me that BTC/Gold would be highly correlated, but do we have enough data? |
|
|
|
|
|
btcbug
|
|
March 06, 2016, 08:30:29 PM |
|
I'm long term
What if there is no long-term: Well, that's the question we've all be asking since 2009 essentially. I'll definitely consider what you're saying and I appreciate your comments. It's hard for me to imagine BTC going to zero. The only way it doesn't make sense for me to keep holding it through the upcoming economic turbulence is in that event that it does fail. What are the odds? |
|
|
|
|
|
TPTB_need_war
|
|
March 07, 2016, 03:40:44 AM |
|
I'm long term
What if there is no long-term: Well, that's the question we've all be asking since 2009 essentially. I'll definitely consider what you're saying and I appreciate your comments. It's hard for me to imagine BTC going to zero. The only way it doesn't make sense for me to keep holding it through the upcoming economic turbulence is in that event that it does fail. What are the odds? I don't know but even if it doesn't fail to stop functioning, I am nearly certain the mining is controlled by the Chinese and they will cooperate with the G20 to make sure you Bitcoin's don't transact until you pay Hellary Clinton or Merkel 100% taxes on your gains (because you can't prove your coins weren't used in money laundering before you obtained them). Capital controls are coming and Bitcoin will not escape them. |
|
|
|
tabnloz
Legendary
Offline
Activity: 962
Merit: 1000
|
|
March 07, 2016, 08:02:42 AM |
|
I believe Martin Armstrong has the correct model of what will transpire over the next few years.
His model is basically that the entire world is short the dollar ($10 trillion in international corporate bonds denominated in US dollars, various currencies pegged to the dollar, e.g. the Hong Kong dollar and Chinese Yuan, which enabled China to undercut the world's manufacturing and become a highly imbalanced economy with 65% share being for factories and only a miniscule consumer share, which leaves China with overcapacity and negative profit margins, etc)..
So basically what will happen now is the entire world will go into collapse mode as the US dollar goes higher and the world's wealthy flee into the US stock market as the final safe haven. This will cause the US dollar and US stock market to sky rocket until about 2017.9, after which the US will collapse due to a strong dollar overheating the US consumer economy and collapsing exports. From 2018 to 2020, will be "an over the cliff" collapse for the entire world, since the US economy was the last one still standing up in 2017. Asia will bottom in 2020, because fundamentally Asia has the youth and the growth potential without the retirees that will fight for Socialism. Asia's debt can be cleared out by debt defaults, but the West's debt is cultural and can't be cleared out, because the boomers will fight politically for their retirements and demand the government tax everyone to pay their retirements.
So March 13/14 is the turning point that should see crisis accelerate outside the USA. Just this past week China announced laying off 1.9 million steel workers. The exodus of capital from China going to the USA for safe haven has radically accelerated, some even saying China's reserves will be threatened as this accelerates.
Add to this, if we go 'Full Rickards', the US Fed operates using flawed Phillips Curve and NAIRU modelling and will therefore completely miss the real state of the economy. They are looking at flawed figures that tell them growth is picking up and they will raise once in March and again in June before realising their folly (that the US is in recession). As is stated in their last dot-plot communique. Then its some for of QE, too little too late. Another rise will be the manning of panic stations short term and the USD will get a big boost as people will now think the rising cycle is actually on and not a 'one and done'. |
|
|
|
|
|
|
|
minor-transgression
|
|
March 07, 2016, 09:28:00 PM |
|
Somehow, I have difficulty believing that the US Stock market and the US dollar can
continue to soar. Mean reversion gonna be a bitch an' all even as it is.
I can agree with MA from the trader's perspective, and that accepts that markets can
remain irrational longer than I can stay solvent.
But eventually, rational wins, and fundamentals matter.
|
|
|
|
|
|
TPTB_need_war
|
|
March 08, 2016, 06:55:21 AM |
|
Martin Armstrong is still emphasizing a dead-cat bounce of gold to perhaps $1309+, then a crash to a final low < $1000 and mostly likely < $850: We are targeting the reaction high and the final low.
|
|
|
|
Alex-11
Newbie
Offline
Activity: 16
Merit: 0
|
|
March 08, 2016, 03:04:49 PM |
|
Martin Armstrong is still emphasizing a dead-cat bounce of gold to perhaps $1309+, then a crash to a final low < $1000 and mostly likely < $850: MA is forecasting a collapse for the Euro next week. To me it looks like a strong USD could push Gold off the cliff in the coming weeks, IF the Euro collapses. Just as in Oct. 2015 where both the Euro and Gold plunged. What do you think? |
The unofficial Martin Armstrong forum
|
|
|
|
TPTB_need_war
|
|
March 08, 2016, 04:44:10 PM |
|
Martin Armstrong is still emphasizing a dead-cat bounce of gold to perhaps $1309+, then a crash to a final low < $1000 and mostly likely < $850: MA is forecasting a collapse for the Euro next week. To me it looks like a strong USD could push Gold off the cliff in the coming weeks, IF the Euro collapses. Just as in Oct. 2015 where both the Euro and Gold plunged. What do you think? I don't think he definitely stated that the Euro will crack next week. I think it is a turning point that we might see some sea change in bond spreads or debt crisis or something, that might precipitate the actual move of the Euro. Or the Euro might make its move now. |
|
|
|
SillyBilly
Newbie
Offline
Activity: 2
Merit: 0
|
|
March 08, 2016, 06:14:42 PM |
|
Martin Armstrong is still emphasizing a dead-cat bounce of gold to perhaps $1309+, then a crash to a final low < $1000 and mostly likely < $850: We are targeting the reaction high and the final low.
Long time reader, first time poster. Thanks for the info, I cashed in the majority of my gold and silver stocks yesterday on the expectation this rally is tiring and the low is yet to come. I have followed MA for a long time and broadly speaking I have found it to be profitable for me and a learning experience. I tend to have my own investment ideas which I cross-reference against his long term predictions (I am not a trader) and that works well enough for me. I must admit piling my money into the DOW/S&P 500 has so far been too much of a ask. I know MA says the computer calls it and to disengage emotionally but it really is a challenge to put my faith, albeit temporarily, in a stock market near the highs going into one of the biggest meltdowns in history! The reasoning makes sense but even still! I feel this is one of his biggest calls yet, I really have to decide shortly whether I go all in with him or not. |
|
|
|
|
|
TPTB_need_war
|
|
March 08, 2016, 07:35:21 PM |
|
He won't be wrong on the US stock market DJIA reaching a minimum of 23,000 by 2017.9 (40,000 is a possibility). But also after the gold low, it should also be a viable investment. Diversify.
If you get another change to buy in the 15,000s, I'd jump on it, as that will be a 50% gain over 1.5 years.
I think gold will out perform though after its low. And crypto currency will surely outperform if you can buy it on a coming low and if you chose the right one (Bitcoin currently very murky and undergoing a scalepocalpyse).
|
|
|
|
|
