I like him because he speaks reason and logic, unlike most other so-called experts who keep spinning the same QE-permabull-moon-rocket propaganda. The above take on potential lows and subsequent momentum also suggests he actually understands markets.
"Hiccup" means what? (1) it will grow much higher and this is just a small jump? (2) this is an illusion for higher prices - is jumped a bit, but will fall back fast after
Meaning that this is merely a temp spike up and that probably, there will be a new low setting in somewhere between soon and the summer of 2015 (or even 2014). Either way, the bear trend is the correction rather than the bull trend is what seems to be the prediction..
Of course it is a hiccup.... Obama is going to raise the debt ceiling in September and all requirements for needing pms as a safe haven will be prolonged for a few more years.....It may be wiser to just keep your cash in the bank and earn interest on it for at least a few months then buy when it all crashes after the debt ceiling is raised......maybe?
For all those interested in perhaps seeing a different view please try Martin Armstrong. Read his website and understand the man and what he has to say. He has in my opinion the most complete understanding of markets and how they operate and synthesis with each other. His explanation on why the U.S. will never have hyperinflation is a real eye opener. How many so called economists and Gold peddlers were stating that hyperinflation was around the corner and you needed to purchase Gold now. His analysis and I call it that, not predictions, are extremely accurate. you need to purchase his reports in order the get the most benefit overall. His Gold report sells for $300.00. "The End" what you have posted is accurate in so far as keeping your money in a bank at least here in OZ until 2015.75. Armstrong has said that Gold will drop in the third quarter of 2015 and either meet the 2013 June low or beat it slightly. After that the Bond market will finally realize that America is doomed and cannot meet it's financial obligations. This is when Gold will be energized and enter what he calls the "Phase Transition" and have a doubling effect over time. At this point is when finally Gold will reach unheard off prices somewhere around 2017-2019. Now, according to Armstrong first Europe will go then Japan and then finally America. This is how they will sink the ship, all capital will migrate there and then the bottom will be pulled out destroying unheard of people. The big question for all concerned around here is what will each respective government do regarding Gold holders? You have seen what India has done and is continuing to do. You know what various countries in the E.U. have done. What will the U.S do? What will Australia do? The Rudd government has just put forward that in the 2016 budget all bank accounts with more that $250,000 will be taxed at 0.5%. I can assure by then this figure will go up. And if you have Gold, what will they do? We are headed into unprecedented waters and the scum elite and their puppet politicians will do anything to stay in power and extract as much money from anybody to keep this rotting ship afloat.
That's probably about right because Jim Rogers has just recently said that the USG CANNOT quadruple their balance sheet again like they have in the last 5 years so, the printing will only last so long....He says 5-6yrs is all they got which aligns with Armstrongs ideas......I'm really glad we are narrowing all this information down to the pointy end where we can take advantage of the elite and not end up on the street like so many will that don't know whats really going on! And theres no doubt that these elite scum make their moves ever so slowly and probably even sometimes delay things for a few years so its not all done so obviously to everyone..... The Euro was done ten years ago....They just take a bit here, add on a bit more tax there, change a few laws that take a few years to come round, create housing bubbles etc etc.....But eventually they will own bloody everything....They're shifty turtle-heading mongrels that's for sure!
It is immaterial if the beard man Bernanke tapers or not. If he does the market will collapse, it currently runs on free money. If he doesn't taper we are still doomed. By continuing to purchase bonds it expands the Fed's "balance sheet," by increasing the amount of bonds it owns it also makes it impossible some time in the future for the Government to meet it's obligations once interest rates rise. This will begin to happen according to Armstrong in mid to late 2015 and reach a crescendo approx 2017-2019. The whole QE nonsense was only implemented to save the banks not you.
