Saturday, February 27, 2016
Wednesday, February 24, 2016
Legendary Investor Eric Sprott Shares the Greatest Financial Lesson He’s Ever Learned
In Sprott's words, the sheer brazenness of the silver fix smash "Reeks of Desperation".
The discussion offers a unique look into the mind of the Billionaire Asset Manager, as Sprott shares insight into the thought process on how he evaluates whether a market is experiencing a bottom, and the legendary investor also shares the greatest financial lesson he's ever learned...
- Source
Monday, February 15, 2016
A Worse Crisis Then 2008 Is Coming
"Government revenues are going to plunge coupled with stocks falling; 2016 is not looking very bright."
It is a very tough situation because of oil prices are so devastating foreveryone but particularly devastating for US and Canada. People are going to take all sorts of losses and reclaiming former capital. It is a dark hole where weaknesses are being amplified unless there is an outside influence to turn things around.
"Seeing all the previous crisis happening from the Dot.com to the 2008 crisis you can see what is likely to happen here; it has just been postponed. But I suspect it will be worse, it will be global and it will not be as easy to fix as it was in 2008 because now it will have to be coordinated."
It is a question of whether people believe or don't believe in the market. Everyone realizes after what has happened is that there is a vulnerability in the market that people didn't expect. Hopefully we will see signs of precious metals going up that will indicate the importance of focusing on the real issue in the financial system is today.
"All indicators are telling you that there is no recovery happening here anytime soon. It may just keep going down and potentially get violent. In the midst of all this the key thing is to focus on mitigating your losses."
It is a very tough situation because of oil prices are so devastating for
"Seeing all the previous crisis happening from the Dot.com to the 2008 crisis you can see what is likely to happen here; it has just been postponed. But I suspect it will be worse, it will be global and it will not be as easy to fix as it was in 2008 because now it will have to be coordinated."
It is a question of whether people believe or don't believe in the market. Everyone realizes after what has happened is that there is a vulnerability in the market that people didn't expect. Hopefully we will see signs of precious metals going up that will indicate the importance of focusing on the real issue in the financial system is today.
"All indicators are telling you that there is no recovery happening here anytime soon. It may just keep going down and potentially get violent. In the midst of all this the key thing is to focus on mitigating your losses."
- Source
Friday, February 12, 2016
The Focus For Investors
The most important thing is that roughly 97% of stocks are in bear markets throughout the world."
Originally only a few stocks in the US were holding things up, and now they're all getting crushed. In 3 months it would be no surprise to see every stock in the world being in a bear market. Furthermore it's unbelievable to think you have a stable economy when oil prices are under 30. There are so many areas of falling prices; hitting or nearing all-time record lows.
"I do not have much hope for the economy right now; the stock markets are reflective of that."
The whole issue of medical care in the US is being swept under the carpet; there are significant expenses for too many people. We need to be very careful about equity and bond investments. If you begin with the premise that the US is broke, you have $85 trillion of unfunded liabilities and a GDP of 18 trillion that says enough right there; it's a joke.
This is why I preach to own precious metals because they will survive a financial meltdown. Risk mitigation is critical, but you have to understand all the elements of risk. It is phenomenal the risk that you will be taking in turn for the yield you're expecting.
Originally only a few stocks in the US were holding things up, and now they're all getting crushed. In 3 months it would be no surprise to see every stock in the world being in a bear market. Furthermore it's unbelievable to think you have a stable economy when oil prices are under 30. There are so many areas of falling prices; hitting or nearing all-time record lows.
"I do not have much hope for the economy right now; the stock markets are reflective of that."
The whole issue of medical care in the US is being swept under the carpet; there are significant expenses for too many people. We need to be very careful about equity and bond investments. If you begin with the premise that the US is broke, you have $85 trillion of unfunded liabilities and a GDP of 18 trillion that says enough right there; it's a joke.
This is why I preach to own precious metals because they will survive a financial meltdown. Risk mitigation is critical, but you have to understand all the elements of risk. It is phenomenal the risk that you will be taking in turn for the yield you're expecting.
- Source, The Market Oracle
Tuesday, February 9, 2016
2016: What Lies Ahead
"There is nothing constructive to say about the financial Ponzi we have gone through since QE and negative interest rates were initiated."
By knocking interest rates down to zero and in some cases they're negative, savers are getting crucified. They get no return on their money. They have to buy the slimiest of assets, US bonds receiving 2%.
QE, printing of money will not do anything for the economy. We saw this with japan for the last 30 years. QE was only in place to inflate assets prices and we are all going to pay the consequences for that. It's shocking that the market has held up as long as it has, and even more shocking is that during this whole process policies are so irresponsible that precious metals are not getting enough attention. I feel like a lone wolf believing that people should be in precious metals to protect themselves against this recession.
By knocking interest rates down to zero and in some cases they're negative, savers are getting crucified. They get no return on their money. They have to buy the slimiest of assets, US bonds receiving 2%.
QE, printing of money will not do anything for the economy. We saw this with japan for the last 30 years. QE was only in place to inflate assets prices and we are all going to pay the consequences for that. It's shocking that the market has held up as long as it has, and even more shocking is that during this whole process policies are so irresponsible that precious metals are not getting enough attention. I feel like a lone wolf believing that people should be in precious metals to protect themselves against this recession.
- Source
Friday, February 5, 2016
Rick Rule: 2016 Will Be Painful for Commodities
- Source
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