EPIC GOLD CRASH AND BURN!

EPIC GOLD CRASH AND BURN!

Over the weekend, I read a lengthy and detailed analysis from a money manager who oversees over $200bn for a sovereign wealth fund; he believes gold is going to fall quickly this year into a bear market ($1,650 or lower), as rising rates will bring with them higher real yields.

GOLD WILL PULL-OFF A STUNNER IN 2022!

GOLD WILL PULL-OFF A STUNNER IN 2022!

In the past two days, I’ve cashed up, mostly by selling half of my TQQQ and SPXL holdings. These two ETFs are 3x-leveraged to the upside/downside of the NASDAQ 100 and the S&P 500. I have nothing against the broader U.S. markets, but I think that the Big 10, the stocks that are in charge of most of the index’s gains, are going to take a pause in H1 2022 and the major indices might pull back by 10% and even 15%, suggesting the leveraged ETFs could crater by 30% and 45%.