I don't have a crystal ball short term. Mid term I have a stat and long term I have common sense.
Short: Climb continues over fear of Feds stimulus program which stays in place because housing recovery isn't all that great, only certain sectors and demographics are doing well.
Mid: Congress is a mess and the US People need to do something fast or we will suffer and anarchy will arise before resolutions. China is trying to take the World off of US currency and that is a bad thing. It will create borrowing issues for the US mid term. Lots of civil stuff as we know it will be compromised like 20-25 dollars for a gallon of milk. Gold will be at its peak, 6000 dollars. 4x in relation to the dollar devaluation of a typical commodity like dairy or oil as I just showed. China has been buying Gold. China wants the World back on Gold as a currency, because it is limited and they already have a lot. You see the trillion they want to spend? Backed by gold.
Long term: After this market correction which will be worse than the last. See history. Banks will close. There will be some protests worse than Occupy Wallstreet, businesses will close, mail will be delivered once a week and by part time Fed employees, gold will be restricted, the US will be broke and we will end up in 1. war with China because China will not need us as consumers anymore (China presses Canada to reject US dollars that is the Cuba effect), or 2. the US threatens like a spoil child to floor the World with oil and that causes the Arabs to tell the Chinese they are forced to continue with the way things were or at least in part. Anyway you cut it, our life quality goes down 40-50%. forget about sending our kids to college here. Better learn Spanish or Portuguese and fast. People will not forget and even as things improve 20 years down the line with energy as the new US business to boost the economy anyway, gold will be always bought as a safety net. Kind of like the way grandma used to clean the chicken bones and save the elastic bands and be real cheap because she knew what it was ike to stand in the bread line in 1929.
Three ways to take advantage of this bubble. 1. I am doing ETF's for the quick short 100% cash out. 2. Gold stocks which will take a hit and drop with everything else then climb faster than anything else (look at the 2008 crash Sept., Etf's Mountain, Gold stocks, Valley. Understand? 3. Buy some silver brick at least 5-10k of it now while its cheap and hide it in your house or somewhere else where no one knows except you and your neighbor can't find it with a metal detector. Now am I talking like it's the end of the World? No. This will blow over, but there will be a tough 5-8 yrs ahead of us and if you plan it right you can come out wealthier than when you went in. By the time people will have this figured out, it's too late. My aunt told me about the day when she went to the bank and it was closed due to the feds taking everyones money. I recommend hiding it from them or converting it....because the US Feds only care about their own survival, you and I are nothing. And many wars post North Korea are BS and my uncles died for BS. And I served for BS. Understand?
AI
