Become A Wealth Machine
Today’s letter encapsulates our overview of how markets may react to the all-important news flow, which is coming our way and what might happen in December. We’ve gone over this from all angles and my main conclusion is this: risk of a correction is high, but potential for a boom is high as well.
After Barack Obama’s long era in office, America was desperate for change. It wanted a newcomer, a person that wasn’t part of the “swamp,” but who could enact real reform in many of America’s key political agendas.
A record turnout of voting is happening around the United States. The ease of mail-in votes is allowing many more people to express their opinions, where they might otherwise just stay home, be indifferent about it and avoid the crowds.
Since June 2019 (the past 16 months), 8 gold and silver companies that have enjoyed triple-digit gains have been featured in these pages. Among them, one company has even rallied over 1,000% — companies that we’ve been following for 3-4 years have seen 600% and 700% appreciations, while others have been up-listed to the NYSE. Truly, in the past 16 months, we could do no wrong.
In the past two weeks, we believe we’ve seen both GOLD AND SILVER bottoming.
In one month, approximately ONE HUNDRED AND THIRTY Million Americans will vote, if past is prologue. They can either elect the sitting president, Mr. Donald Trump, or his adversary, Mr. Joe Biden. As we speak, Trump has tested positive for coronavirus, has been whisked to the hospital and is SUFFERING MILDLY and working through the disease.
September has been HARD to STOMACH; the NASDAQ 100, S&P 500 and the Dow Jones Industrial Average have all been THROUGH THE WRINGER. A proper correction is in place, just like we’ve been WARNING ABOUT since the end of August.
I’m currently in Tel Aviv, where the government has just approved a SECOND LOCKDOWN, more flexible than the one in March/April but still EXTREMELY PAINFUL for businesses (which are forced to shut down again), families (which are now tasked with parenting their children 24/7), the NATIONAL DEBT, which is reaching new highs not seen in decades, and for morale and spirit of individuals, who have seen the COVID-19 virus impact A TINY NUMBER of people compared with the comprehensive response the government is imposing — this is the REAL ISSUE here — the tradeoff between not overwhleiming hospitals (which are short of staff and on beds) and halting the lives of the millions, who will not impact statistics, since they’re not at risk.
I know many want to hear that silver is ON ITS WAY to hitting $50/ounce at the SNAP OF A FINGER, but it might take a while for that to occur.
You need to exert a HIGH LEVEL of fortitude to come out on the other side of September with your LIMBS INTACT.