Let’s recap the Federal Reserve’s policy for the past 10 years, as we transition into a new era.
Even though the overwhelming majority of investors hate gold right now, the bounce hasn’t happened yet. But despite their hatred, it’s time to start looking at gold again. The bear market is not over, but the risk/reward ratio is becoming stunningly favorable.
I’ve been spending considerable time over the past 90 days going over 24 books and 129 chart patterns that deal with late-cycle investing.
I don’t like the level of risk tolerance investors have at the moment – it looks to me like the rich have determined that the governments and central banks of the world will not allow stocks to fall dramatically, so they’re using leverage without proper consideration of the risks involved.
In the past week, my partners and I have spent considerable time in our annual strategy session, laying the groundwork for the new economic cycle, the de-dollarization of the world.