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EC SD | Well - his prediction on Copper and Gold during August is not happening. The metal miners are having fantastic earnings and their stocks are going higher and higher. US treasuries are holding steady, nothing alarming happening there either. The USD has been weakening all year but seems stable now at a very normal level historically.
I am not surprised that China markets are in turmoil given the restructuring of world trade this year.
It is quite interesting to read these "the sky is falling" articles, but after some decades you come to realize that we have been living in a highly prosperous time, nearly continually since WWII ended. Panic selling is a recipe for huge losses. Not participating in financial markets, because risk is considered too high, is denying oneself one of the most proven and easiest paths to financial success.
If you believe the dollar is going higher, as the article suggests, then go long on the dollar. Don't try to guess the effects of a higher dollar, and the secondary effects, and the tertiary effects, and then place your bets there. Any flaw in the prediction, its effects analysis and its cascading of effects analysis will likely bring you losses.
I will stick with stocks, bonds, gold, silver, etc. for my investments outside of agricultural production and land and leave currency speculation to the global big boys... | |
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PM’s A BEARISH OPINION
