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.

Monday, May 4, 2020

Dennis Gartman still bullish on Gold in 2020

Gartman on Gold
Let us understand that I am not a gold bug. I am actually an optimist. But I do think the monetary authorities, led by the Fed, ECB, Bank of Japan and China, have no choice but to remain expansionary and will be even more expansionary in the future. Gold broke out above $1,700 and will probably go a good deal higher. There are times when you should own gold. There are times when you should not. This is a time where you should.


Best way to own Gold 
You can own Gold Futures but I dont think that is the better way. There are ETF's that one can own and various mining companies. I prefer the ETF's. It is a better way to go. 

Owning Gold is "a bet on the debasement of major currencies" that is the driving force. 


Full audio on Bloomberg Daybreak here

Thursday, April 30, 2020

Gartman would not be a buyer of Crude Oil

The reasons for Oil Price declines

Huge Amount of Crude Oil coming into the US. Supply is increasing and demand is decreasing everywhere. We want to blame the Saudi and the Russians but that is being resolved right now. What I buy Crude Oil ? No Certainly not with your money.


Equities

I think we will go down and test the March 2020 lows. Rarely we get a bear market ending with a V bottom. Dead cats do bounce. I think this rally should be sold into. This is going to be one of the worst recessions. The Fed and Treasury are doing what they should be doing.


Corona Virus

This is the United States. We will defeat the Corona Virus. 


Q1 2020 Upcoming Earnings

It's not going to be pretty


Click here for the full audio on bloomberg Daybreak

Tuesday, March 10, 2020

Dips are not to be bought


"Rallies are to be sold, not weakness to be bought. I'm amused people are willing to buy the dip and I think this dip is far more serious than people think. You want to be long of the gold market, short the stock market, and long the bond market. That’s the trade to have. I have that in my own account and continue to recommend it."

via bloomberg radio daybreak

Tuesday, February 18, 2020

This is not the time to buy stocks





I’m afraid rallies are to be sold into, not weakness to be bought. I’m amused or dismayed at how many people are still willing to buy the dip, and this dip is far more serious than people want to anticipate at this point.

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