This article was contributed by Tom Beck of Portfolio Wealth Global. Are you waiting for Jerome Powell to pull a RABBIT out of his HAT? There’s a presidential debate tentatively scheduled for the 29th, so don’t expect the central bank to MEDDLE in the MARKETS between now and then, since there’s absolutely no chance they want to be appearing to be TAKING SIDES. For the next few weeks, we have freer markets, so PRICE DISCOVERY will be real. The Federal Reserve won’t do much to offer artificial support. We saw a run to cash, but institutional money looks to be COMFORTABLE with buying the DIP at this point, with the S&P 500 in correction mode (-10%), on top of the NASDAQ 100. Courtesy: Zerohedge.com The global markets have GOTTEN USED TO government debt rising perpetually, so no one is TOO ALARMED by this, but when global GDP is at 252%, the REAL MEANING of it is that there are GUARANTEED VICTIMS in the sovereign restructuring in the years to come. Portfolio Wealth Global believes that both gold’s and silver’s PUKE yesterday shows that there’s BIG SUPPORT at the $1,900/ounce area, so we are eager to see if a NEW UPTREND is starting, after this BLOODBATH WEEK. The majority of people are vaccine-biased, which means that they won’t return to FULL CONFIDENCE until we “beat the corona.” Many industries are GOING BACK 5-10 years and even worse than that, in terms of demand for their products and services, facing massive default waves and I’m telling you that this is where BIG MONEY will be made. Hoteling, real estate, aviation, office space, healthcare – you name it and it’s in REBUILDING MODE. What are you doing to capitalize on this? Consumers, corporations, and governments need you to innovate and you can make a fortune on the way. Courtesy: Zerohedge.com EVERYONE is betting on technology, but the value is in the BEATEN-DOWN sectors. The markets have SHAKEN OUT the people who aren’t ready for volatility, but September isn’t over, nor is this SECOND WAVE scare. Personally, I follow our WATCHLISTS, which have come out in the past few months. The first is from late March and delivered HUGE RETURNS – click HERE! The second came out right before the June 8th peak – click HERE! The third came out JUST RECENTLY to address the September massacre – click HERE! Just a few days ago, when NASDAQ peaked, we published this (so timely) – click HERE! FEAR LEVELS are up; this is when contrarians act. We’re like nocturnal animals – we wait for everyone to sleep and then WE HUNT. I feel the same way about gold; this week’s dump to just over $1,900 took care of the LEVERAGED TRADERS. Courtesy: Zerohedge.com It’s LITERALLY IMPOSSIBLE to be looking at these charts and not allocate funds into precious metals. I ask people from the U.S., from Europe, from Central America, from Asia, and from Australia; the answer is the same: NO TRUST in government. Gold is essential and the fact remains that the uptrend is IN PLACE. President Trump is Breaking Down the Neck of the Federal Reserve! He wants zero rates and QE4! You must prepare for the financial reset We are running out of time Download the Ultimate Reset Guide Now!
This article was contributed by Tom Beck of Portfolio Wealth Global. It’s been a WILD RIDE since the March lows; economies have opened-up, newcomers have entered stocks, central banks have bought BILLIONS OF DOLLARS in assets every single hour since March and markets have SOARED BACK! Literally, it’s been one heck of a move and we’ve participated in the fun, but we have to remember that it was A PARTY, not something that could last more than a short while. I call it a party since it looks like investors came to HAVE A GOOD TIME, not to own businesses. They’ve been using options, which WORK WELL in raging bull markets but are bad ideas the rest of the time (88% of options expire worthless). Courtesy: Zerohedge.com When EVERYONE is this bullish and you’ve made short-term bets, you ought to consider booking gains. I’m not talking about long-term portfolio holdings, which you plan on owning for decades. Central banks now own $25tn in assets; that’s a TREMENDOUS AMOUNT of equities and it puts a floor on prices, since they’re not quick to sell. Markets have changed. Capitalism has changed and you MUST change with them. I was watching the Formula 1 qualifying session yesterday and when these machines go 300KPH on the straight, then brake hard and go from eighth gear to second gear, inside the cockpit the G-FORCES applied on the body are 3-5 times one’s body weight. But as soon as the driver takes the corner, he IMMEDIATELY ACCELERATES again and goes on to the next piece of road. That’s how the markets are behaving; it’s a bull market, but since it’s going SO FAST, when the brakes are applied, it SEEMS FURIOUS, but there’s acceleration on the other side of it. Bonds are the real bubble, not stocks, generally speaking. Courtesy: U.S. Global Investors My point is that there are STILL many opportunities left in the market; so many companies are trading WELL BELOW their fair value, if their industries return to full activity, without Covid-19 restrictions. From what we’re hearing about gold, MORE AND MORE wealthy individuals are realizing they just NEED SOME; it’s beginning to go mainstream and I love it. Citigroup came out and raised their target to $2,500/ounce, so I think that we’re IN A GOOD SPOT! There’s $6tn in CASH out there in Money Market Accounts and in private hands. This is a world that is driven by EXCESSIVE LIQUIDITY and that isn’t changing. Consumer savings is still 17%, which is DOUBLE what it was in February, so there’s pent-up demand and both auto sales and real estate starts have been SUPRISINGLY-STRONG, so we see further recovery in the months to come. Central banks have raised the risk, IRONICALLY SPEAKING, for both high inflation and deadly deflation. Because they REFUSE TO ALLOW any cycle to play out, they’ve created artificial conditions, which is the reason it’s so confusing to see some market veterans POUNDING THE TABLE that a bear market is coming, while others believes stocks are attractive. These artificial conditions create wealth and income gaps, giant debt overhangs and social unrest. Gold, TRIED AND TRUE, is the antidote. President Trump is Breaking Down the Neck of the Federal Reserve! He wants zero rates and QE4! You must prepare for the financial reset We are running out of time Download the Ultimate Reset Guide Now!