Welcome again my friends. I want to first point out the opinion of Dr. Stephen Leeb foremost Economist out of the University of Pennsylvania Wharton School. The 71 year old Leeb whom I've followed for at least thirty years has an amazing track record for accuracy.
Leeb manages as well a large cap growth portfolio since 1999 and is ranked repeatedly in the top five for performance.
Above: Dr. Stephen Leeb.
Leeb has strong "connections" in China and insists (as I've been reiterating here) they have had it with US paper and do not like our debt situation at all. Throw into the mix another example of the Trump bulldozing tactics, 50 billion in tariffs just placed on Chinese imports. China says they will retaliate. Interest rates must head higher and inflation as well. You have been lied to about the inflation numbers, incidentally.
Do you really think the dollar will remain the world's reserve currency when China has the upper hand and is preparing for "gold supremacy"? China is loading up (as is Russia and others close to them) on gold. China expects gold to be thousands of dollars higher than it is currently. Absurd you say? We'll see. This is China's game plan for world economic supremacy!
We say use this current and seasonally expected weakness to buy gold and silver before summer turns to fall.
THE DOW JONES: SENTIMENT told me to issue sell in Jan. at 26,000 plus. We said BUY in April, at 23,500. I'd be a seller again (if you did not in Jan.) at last weeks 25,400! The numbers I study and compare to market performance (a bit of psychology) show me the "don't worry be happy" crowd is out in force! There are better places to put your money than this FAKE equity market. Their "game" is about to end. Don't worry, the Plunge Protection TEAM is not finished, but are about out of "ammo". Give them two-three more months to attempt to prop up the market and kick gold around before its over. Fiat currency and the dollar are both doomed. Watch the Italian crisis unfold as well as the Chinese vs. Trump issue (above). I do believe, incidentally, the Crypto market will heat up again, but SENTIMENT has a ways to go..just STAY TUNED!
Thank you!
UPVOTE/FOLLOW/RESTEEM. Remember due your own 'due diligence'. The opinions above are mine alone!