Monday, November 16, 2020

If the socialists take over, Stocks and Gold can both go up

 


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Interview from October 2020

Thursday, August 20, 2020

If Stock Prices tumble you could see Gold prices Decline

I couldn’t get too many people interested in gold…two and three years ago but now it’s on the front pages of every report that you see. At this point in gold I’m neutral.

For the past several months they’ve been moving in conventional with each other … as gold goes up so have stocks … that consistency between the two shall continue for a lot longer … so if stocks start to tumble you’ll get a correlative sell-off in the gold market.


 

via Bloomberg

Wednesday, July 15, 2020

Economy is going to be years before anywhere near where it was in Oct, Nov Dec of 2019


The economy is far from being in a strong position at this point. My money is in Bond Funds and ETF's that pay me a dividend. Am I bullish on Stocks ? No.

Lets congratulate the Fed. They've done the right thing. I'm comfortable owning Debt, Securities, high yielding debt, hedging it at times in the stock market. I wont be short. I don't want to fight the Fed. Do I wish to be long ? No.

I hope we go to new highs, but I have serious doubts whether that would happen in the next year or two.


via FoxBusiness interview with Stu

Monday, July 13, 2020

When the public is in the markets speculating, thats always a sign of a market top




I think Portnoy's complaint is I think deleterious to the stock market prices. I have seen this before in 2000, I saw it in 1987, 1972 to 1974. I think this is indicative of a bearish market thats about to get weaker; not stronger.