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Fred Hickey - Ask The Expert - High Tech Stocks to Gold
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Fred Hickey is the editor of the High Tech Strategist, a newsletter originally devoted to tech stocks, but has broadened its focus to the idea of money printing by governments around the world leading to no good, and sees gold as a good place to secure one’s financial future. His newsletter is one of the most subscribed publications of its kind in alternative investment media. Fred’s insight into precious metals investing and tech stocks are widely sought after in the investment world, and he often makes appearances on Bloomberg News and Business News Network.
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We haven't seen the bottom in gold yet, but the current bear market rally should last another month or two and carry the yellow metal up to the 1400 range (mmaybe more) before running out of steam and turning back down.
http://www.globaldeflationnews.com/gold-elliott-wave-update-for-week-end...
Fred is one of the few that gets it right.
I think Fred is on the mark here, but we should all remember that the last bear market in Gold (as he states in this interview) lasted 20 years, and we are barely 4 years into this bear market. The banksters can drag this scam out for a lot longer than most people think possible, and with 99% of the planet still having full faith in phony "money", there is very little prospect of any significant rally in PM's for the foreseeable future.
I disagree. I don't think gold's in a real bear market- I think it's manipulated lower so that the sheep won't start trading currency for gold. I also think that just because the last bear was 20- certainly doesn't mean this one if it is one- will last 20.
When people's wealth gets truly threatened by fake money and debt- the rush into gold will be spectacular. You will either already have been invested there or you will be left behind- trying to pick some up while enduring 3 and 4 digit moves higher.
This bear market is no different than the last one. Do a little research on Barrick Gold and Peter Munk if you want to see what fake really is. The last bear ended when the fed ran out of physical Gold to lend. This one will end when faith in the printing press is lost. The way the markets hang on every word uttered by the fed, we are a very long way from that realization. For now, the printing press rules the world, and 99% of the population sees it as a saviour, not a threat.
"we are a very long way from that realization"
Bullshit. A China/Russia/India/Brazil aliiance, or simply a new trade alliance not involving the dollar could change that overnight. Don't be such an arrogant douchebag.
99% of what population? LOL!!! Yes, moral hazard and demographics are a real motherfucker.
Nice ad hominem. Can you form an argument without name calling?
China doesn't do things "overnight". None of TPTB anywhere in the world want a hasty disruptive reset. But a reset is coming, just not an imminent one. Like it or not, the tenticles of the Fed run very deep into ALL the Central Banks in the world, and that will take quite awhile to unwind. The Fed is not without ammuntition of it's own as they have the most powerful military and spy apparatus in the world in their corner, and you can be sure all the Western leaders know only too well how disposable they are in this grand game. You think China/Russia/India/Brazil can dominate world trade and finance when challenged by Europe and the u.s. combined? Do you think Europe wants another WW fought on it's soil for a third time? Do you think China and Russia want to destroy all that they have struggled to accomplish in the last 20 years? I think they will continue to play the long game and that means things will unfold slowly in the big picture.
All my "arrogant" opinion, of course.
ur right. If china thought it would rise faster than its rivals from the ashes of an overnight reset, it wouldnt be calling profit takers in its sharemarkets 'irrational' and banning all bearish commentary
Fred is steadfast in his convictions. He is usually early, but rarely wrong. Been subscribing to his letter for 6 years now. Very sharp guy who speaks truth. Rare these days.
Good interview, thanks.
Very logical. Gold and gold mining stocks will be the next and quasi unique great investment.
Good to see Fred back in action. - Ned