Below there is a post from 9 years ago, which I originally wrote to counteract the tremendous amount of misinformation, at that time, as to WHY all markets, EXCEPT FOR BONDS, will rise tremendously because of the end of the US$ reserve currency status. There were constantly calls for a stock market crash, and bullish gold calls were almost nonexistent. I was very early with my warnings about the US$ on purpose, but at the same time I warned people that it will be well into the next decade, (meaning after next year 2024+), before that reserve status becomes very tenuous. And I also warned that the US$ will approach Almost all assets are priced in US$s, (meaning the denominator), so as that denominator falls those assets will rise in value – commodities, precious metals, stocks, real estate – and collectibles will do very well.
For perspective the charts of gold, the dow jones and the US$ are below. At the time of that writing in Aug 2014 my belief was the US$ was going to 120, it “only” went to 115. The DJI is going to 100k and gold is going to 3600 minimum. Those are still to come. The $ is headed much lower. I will update all of these markets in a video post soon. The blue arrow indicates where markets were at the time of the 1st writing – click chart to view –
The original post is below –
For 5 plus years, the geniuses who have claimed that the stock market is about to crash — they are now getting more frantic and strident. There is almost a 0% chance of a crash anytime soon. Since 2009, my friends at ____ have called me every nasty name, as I repeatedly stated that the March 2009 low in stocks is a generational low and stocks are going massively higher. The Dow is eventually headed to 100K, but with several huge selloffs along the way.
Gold currently is in the accumulation phase. Accumulation is simply a market going from weak hands to very strong hands. A market under accumulation resembles a filled beach ball. You can push it down, but it pops right back up, because the demand is overpowering the supply. So, listen to Andrew and accumulate gold into weakness only.
Gold will continue to trade in this range, but around this time next year gold will do a major catch up to the outperformance of the Dow. Continued patience and please ignore the perpetual doomsayers.
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