Clifford Bennett pro Gold and pro Stocks

finicky

finicky

Well-Known Member
Silver Stacker
http://forums.silverstackers.com/message-355799.html#p355799

2012-05-23

Do you ever think that the ASX might have bottomed? I haven't given it much thought, and have assumed it will have further to go - maybe a lot further. But this guy reckons it bottomed 3 trading days ago = Friday 18 May, at 4079.40 on the All Ords. He thinks the Index could end the year up around 5000! He says he has a March 11, 2009 feeling about his call. This is when he publicly called the bottom of the GFC crash! All this on Peter Switzer last night - he has a big reputation to protect. What if he's right?

"Clifford Bennett - 11 March 2009
Ring the Bell" call on national television for a new grand bull market to last 5-15 years, Dow Jones rallied 100% in first year"
http://whitecranegroup.com.au/
Click to expand...

Clifford Bennett is worth a hearing

He spoke on Peter Switzer's round-up program on business channel tonight, and true to form he was making unequivocal predictions. The old prediction quoted above and posted here late May 2012 was not borne out precisely, but basically was dramatically right I think. Remember there was much gloom about the stock market back then and most had some bearish bias at the least. Not this guy - he was full on bullish, talking about the birth of a 'grand' secular bull market. The chart appended shows how close he was - so far. He was 2 weeks off calling that bottom and the market did in fact rise from around 4000 to 5000 but it took 1.5 months longer to do so than his prediction.

So does he have a view on Gold? While gold might be weak short term, he said it's a buy while below $1600 and he figures it will go over $2000 within a few years.

He thinks the stock markets - I believe he was referring to the US and ASX - are consolidating to go higher for years, not fading out and topping.

He thinks the Euro will be strong because the Europeans, unlike the Americans, have faced their problems and taken remedial action!

[imgz=http://forums.silverstackers.com/uploads/1893_all_ords_apr_2013.gif]
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He's not talking about gold stocks, but the metal and general stocks as represented by the main indices. Without going back over it I think he tipped the ASX200 to reach 5700 this year with a spurt in the second half and possible slump in the middle. I think he's unwaveringly projected a Dow of 20,000 in 2016, and that was a call he first made a few years ago
 
Just saw Clifford Bennett in person speak for an hour at a business lunch in Melbourne.

Takeaways I jotted down on my phone's text editor:

* Gold price prediction for end of 2013 - $1650 USD
* Gold price prediction 1-2 years - $2150 USD
* AUD prediction - back above parity before years end
* USD prediction - lower over the long term
* ASX prediction - 5700 by years end
* "New First World" is Asia and Latin America - look to their performance, not Wall St, as the US will not regain #1 position again
* EZ will be more resilient than expected - Greece won't leave, as no-one wants a Russian naval base there :)
* US recovery is real, as there was still an increase in GDP despite sequestration hitting govt and military spending
* Euro, Yuan and USD are likely to all become reserve currencies - apparently Putin explicitly criticised Bennett in a recent speech for not saying four including the ruble
* US exports only make up about half of China's export economy, so China is becoming more reliant on Asia, not the US
* Very bullish on South America from 2014 onwards
* China is a supply-led economy, not a demand-led economy, so don't let some empty cities on 60 Minutes make you think their economy is doomed - they build schools and hospitals before they need them, not after they need them like the West, and occasionally there will be mistakes
* "Buy gold for positive reasons" - don't buy it because of QE or inflationary fears, buy it because that's what China and India are doing, and as their populations become more affluent, there will be a groundswell of demand from citizens
* Gold bull market is not over
* Finally, we're still in the commodities boom, it's not over

Almost something about the RBA being a complete bunch of numpties :)
 
Bloody hell Jim Rogers says Golds goin to 1000 and this guy reckons 2150............what am I supposed to do?
 
TheEnd said:
Jim Rogers says Golds goin to 1000 and this guy reckons 2150...
Click to expand...

Maybe have a bob each way? Jim Rogers always waffles and never risks a precise call. He affects modesty and says he's a lousy timer and bottom caller. He's probably just hedging his bets and avoiding getting nailed to a failed call. If you do what he says he's doing you'd actually be gradually accumulating because he says he was buying at 1300, will buy more at 1200, and more at 1000, and so on .. bleech
C Bennett in contrast is a completely reckless maniac prognosticator always putting his reputation on the line.

Calls the RBA the Reverse Bank of Australia.
 
P.S. ... if the commodities boom isn't over imagine what will happen to those pulverised mining services stocks?
Not that I'm saying buy them, I wouldn't have a clue what the commodities will do any more - I'm stuck in a few Min Serv companies though: Decmil, Sedgman, Imdex
 
Two relevant articles on this page if you want to take the 21 day free trial

http://www.eurekareport.com.au/contributor/clifford-bennett

Clifford Bennett

US dollar bubble
12 JULY 2013 Good news for equities, commodities, and the Aussie.

The aggressive play is gold
5 JULY 2013 The case for buying gold and gold mining stocks.

Also ...

Clifford Bennett Presents at Investorium.tv

Published on Jun 24, 2012
FINANCE VIDEO: Clifford Bennett, Chief Economist at White Crane Group presents to Sydney Capital Markets at Investorium.tv. He gives a quick overview of the current global macroeconomic status, forecasting a robust economic growth and strong demand for commodities in 2012.

Clifford believes that the "New First World" - Asia and Latin America - has overtaken the "Old First World" - the United States and the Europe - to drive the global economic growth. The United States no longer leads the economic cycle and the US dollar will continue to devalue. He is confident about the outlook of the Australian resource sector and the European fashion sector, as they have markets in the "New First World".

[youtube]http://www.youtube.com/watch?v=wX-KjKO7Cjs[/youtube]
 
Clifford Bennett should always come on with some theme music: Good Day Sunshine (Beatles), Lovely Day (Bill Withers), New Morning (Dylan), Feeling Groovy (Paul simon), Eight Miles High ....

He's become more optimistic. China's not in any trouble, Europes out of recession, USA firming, We've begun the second wave of a major upswing in commodities, Synchronized global growth, Dow now to go to 24,000 not 20,000, Bull market to go 10-25 years not 5-15 years (from Mar 2009)

http://switzer.com.au/video/bennett-20130820/
 
Reminds me of Abbey Joseph Cohen during the late 90s stock market boom
 
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