If Scotland leaves the United Kingdom, the British Pound can go to $0.80. The Scots have a lot of Oil and if they leave they are going to take the oil with them. (Nymex Crude Oil futures, United States Oil Fund LP ETF (USO), British Pound Futures)
Friday, March 31, 2017
Thursday, March 30, 2017
The Federal Reserve has no clue on what they are doing. They will ruin us all. Why? Because they have driven interest rates to levels which have never seen before and the rest of the world followed. This is all going to end very, very, very badly!
You are supposed to buy hated markets, you buy what is hated, you do not buy the popular stuff, you buy the depressed stuff.
Wednesday, March 29, 2017
I am not buying Russia at the moment but as soon as Crude Oil prices stop going down, I hope I am smart enough to buy a lot of Russian Rubles, a lot of Russian government bonds and maybe a lot of Russian equities. (iShares MSCI Emerging Markets Index ETF (EEM), Market Vector Russia ETF Trust (RSX))
Tuesday, March 28, 2017
At the moment, Silver (iShares Silver Trust ETF (SLV)) is cheaper than Gold (SPDR Gold Trust ETF (GLD), I mean, historically Silver is down 70-75% from its all-time high, Gold is not down so much. At the moment if I was buying one, I would buy Silver but I am not buying either.
Monday, March 27, 2017
I am skeptical about the Japanese Yen. It will be stronger than the Euro, or less weak, but I would not buy the Japanese Yen.
The U.S. Dollar is going to go higher and may even turn into a bubble before this is over if things get as bad as I think they will.
Thursday, March 23, 2017
The Euro will continue to go lower, I`m afraid. Of course, there will be rallies along the way, nothing goes straight up and nothing goes straight down. Basically, I would not own the Euro.
Wednesday, March 22, 2017
I am skeptical about the Japanese Yen. Some people consider the Yen as a safe haven when compared to the U.S. Dollar. It will be stronger then the Euro Currency (EUR) or less weak than the Euro, I should say, but I would not buy the Yen either. There is some money that goes to the Yen on the mistaken view that it is a safe haven too, but the Japanese have gigantic debts as well, their internal debts are higher than in the U.S. and it is not a place to put money.
Monday, March 20, 2017
There is no question that interest rates are going to go higher all over the world. We have a very artificial situation with interest rates at zero, negative interest rates in some places. That is not normal and it will not last!
Friday, March 17, 2017
Thursday, March 16, 2017
Agriculture has been a disaster worldwide for 30 years, that`s the reason I am optimistic now. Agriculture is down 31 percent in the last 19 years.
Wednesday, March 15, 2017
Some parts of the U.S. real estate market are now in a bubble but some parts of the American property market are very attractive and there are great opportunities. (iShares Dow Jones US Real Estate ETF (IYR))
Monday, March 13, 2017
If there is a trade war I assure you we should all be very, very worried. Trade wars through out history have never worked, nobody has ever won a trade war. (iShares FTSE/Xinhua China 25 Index ETF (FXI), SPDR S&P 500 ETF Trust (SPY))
Tuesday, March 7, 2017
One of the places where I will probably put more money is the Renminbi and/ or China. The Renminbi will probably be convertible by then (when the U.S. Dollar gets overvalued and turns into a bubble) which will make it much more attractive to international investors.
Friday, March 3, 2017
Unfortunately I am afraid that the use of Bitcoin or any other digital currency will not be very successful because in the end governments are going to decide which electronic money you use.
Thursday, March 2, 2017
If we do not have trade problems and we do the good things (tax cuts, infrastructure spending and deregulation) that he wants to do, it could be fabulous! (SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA))
Wednesday, March 1, 2017
My largest currency holding is the U.S. Dollar because I expect turmoil in world financial markets. When there is turmoil, investors will be looking for a safe haven. What will happen is that the U.S. Dollar will first get overpriced and if it keeps going, the U.S Dollar may even turn into a speculative bubble.