You don’t need to hear anymore from me on the subject, but I strongly encourage long-term investors and perhaps anyone over the age of 40 to pull up a chair, sit back in front of your beautiful hi-res monitor, get comfy and watch the following video.
Jim Rickards is an extremely intelligent and highly regarded professional in his field, with a unique ability to take very complicated and confusing elements of the global financial system, simplify them, and explain their implications/ramifications – making it very easy to understand.
From the coming fall of the Petro Dollar to China’s interest in buying gold, Mr. Rickards cuts through the bull and provides a very clear picture of what investors can expect in the years to come.
I strongly recommend you take the time to familiarize yourself with the information and principles outlined, as there is absolutely no question it will be of considerable value to you.
Unfortunately there is nothing new in that video that many do not already know.
Unfortunately it’s very difficult to trade such a long term strategy unless you are a long term investor. As a trader, had you followed the strategies outlined in the video, you’d be sitting on very heavy losses (he mentioned going long Euro when it was 1.35 ish)
Yes, the US is in serious trouble when you consider it’s debts etc but then so is the rest of the world. The type of fall that is expected in the video, even if you get in 5% after the fall ha started, you’d still make money. Why bother to go short Risk at all until that happens? You’d just get wiped out as the worlds CB’s are now fully engaged in keeping the House of Cards up and it could be months before we get even a hint of what is truly to come.
It’s not a short term trade suggestion – obviously….by way of the title.
You’ll have to appreciate that the vast majority of long term investor / older people seriously have no idea how any of this works, and for the most part still depend on their bank or brokerage “trusting” that they will be fine.
The information at this site is generally meant to keep people informed / make people aware of things they may not normally have exposure too.
There is no suggestion of “a trade to make”.
I understand there was no trade suggestion.
It’s just that in the past, I always too this to me more a short/medium term “trading site” than a long-term macro fundamental one so just wanted to state the obvious really.
I haven’t taken a trade in weeks if not ” a few small feelers” in months so….
I’m still planning on catching the entire move when USD tops out here in the next week.
Then you’ll see / understand my current trade plans.
Me either, decided to stay well clear of the Xmas shenanigans.
How do you expect risk to react should US$ start to fall? The current pattern where every news is spun positively could be that a fall is US$ would be seen as positive for commodities (especially Oil). Should Oil start to rise on the back of a falling US$, this will be seen as positive for US stock markets so again, not really a major risk off.
We seem to have risk falling off in sporadic bursts in various markets. What we are lacking is a risk off across all markets at the same time.
Not in this case Madness…
As much as it’s been a long grind here with the CB’s continued effort, we are finally at a time and place where enough “other factors” will finally see fundamentals reflected in markets.
USD down will also see risk come off, and I know for most people it is just “so impossible to imagine”, but that’s the idea.
You’re supposed to believe its “impossible” – that means the media machine is doing it’s job.
The fundamental data however tells a completely different story….and we have finally come to that place where this will be seen.
usd will now do some pullback from 90 handle but it will be a correction kong!!!! To load up on usd again big picture!!
It most certainly will be yes.
Nice to see you coming around.
It’s a bull market in U.S equities and Dollar. That’s the bottom line. Also Kong your trades on audited not even on myfxbook.
Are you suggesting that I “justify” my trading / view of markets?
Do you have any idea at all – the last time I posted / made a trade?
Perhaps you should just stick to your own ideas and I truly hope you make millions, but the day I spend a single minute on “My blog” to justify / defend my view of markets is the day this thing shuts down.
I encourage you to buy, buy, buy , buy USD as well U.S Equities if that is where your head is at. It’s not a competition.