I haven’t commented on investment markets thus far (apart from the UK housing market). Doing so now.
So the US Debt Ceiling nonsense is coming to a climax. It is total nonsense. It is as material as Syria and Greece ie not material. But the media make it important. It’s political theatre. Forget it.
Markets are also coming to a head, as we see it.
Gold and Silver and Mining Stocks
We still believe that we will see $1000/oz before we see $2000 (we’ve been largely out for 2 years). However, we see a bounce building here to maybe as much as $1600 (that is not a target). We’re dipping a toe or two here.
As money comes out of US stocks into Emerging Markets, we see USTs as building a significant foundation here.
We see JPYen as strengthening here v US$. This should hit JPY stocks hard and also help bring US / UK etc shares down.
Go get ‘em.
NB. Not one of these is a forever hold. PMs may turn out to be so but that is not our primary view right now.
NB.2 If any of them don’t bite we will not hang around with them.Nothing in this blog may be deemed as advice. The author of this blog and/or his company will not be liable for losses as a result of taking or not taking action due to anything written in this blog. . Copyright Jonathan Davis 2014 Follow this blog (by clicking, up on the right ‘Follow’) to receive new posts straight into your In Box. Show your support and hope for a move to Capitalism and Libertarianism by Following this blog.