Gold: I Don't Think It Will Breakout

I don't think it's going to be a breakout year for gold. I still think there will be opportunities in the future to buy gold lower. It's been almost seven years since the high. Sometime in the next year or two I certainly expect for gold to make a low and then to start going higher and higher.

Related trading instruments: 

• SPDR Gold Trust ETF (GLD)
• Market Vectors Gold Miners ETF (NYSE:GDX)

US Treasuries: How China Will Play

If I was in Chinese I would say "No, I'm going to wait until I need to play the card to start selling the US Treasuries." If they need to take an action they won't have any bonds to sell. At least if they own a lot of Treasury bonds they can say to America, "If you do that we're going to sell your bonds."

Everybody Should Be Selling US Treasuries

Everybody should be selling US Treasuries. We had a bull market since 1981, that's 36-37 years. I don't own any long term US Treasuries, everybody should be selling them for economic reasons as well as for any other reason that they might have. (iShares Barclays 20+ Yr Treas.Bond ETF (TLT), iShares Barclays 7-10 Year Treasury Bond Fund (IEF))

Market Report: Bitcoin, Crude Oil, Sector Investing

Crude Oil: Known Reserves, Fracking, Price 

In my view, crude oil is making a bottom. It's a complicated bottom. We will look back someday and say, in 2014-2018 crude oil made its bottom. Known reserves of oil everywhere continue to decline except for fracking but the fracking bubble burst a few years ago. Now people know that fracking is not magic and that people can lose money in fracking. 

Bitcoin and Cryptocurrencies:

I repeat what I said about IBM and computers, the people who invent something do not necessarily become the ones who succeed but we do you that the world has a money problem. 

Quote of the Day:

"Historically, you buy stocks when they're yielding 6 percent and selling at eight times earnings. You sell them when they're at 22 times earnings and yielding 2 percent." - Jim Rogers 

Sector Investing: Agriculture

The agriculture sector has been a disaster for 35 years. Things are so bad. The average age of an American farmer is 58, the average age in Japan is 68. And do you know that the highest suicide rate in the UK is in the agricultural sector?

The importance of having a second passport:

“Over the next 20 years, being trapped with only one passport, you could suffer very badly.” - Jim Rogers speaking at the 11th Residence and Citizenship by Investment Conference in Hong Kong 

Crude Oil: Price Outlook, Fracking

In my view, crude oil is making a bottom. It's a complicated bottom. We will look back someday and say, in 2014-2018 crude oil made its bottom. Known reserves of oil everywhere continue to decline except for fracking but the fracking bubble burst a few years ago. 

Now people know that fracking is not magic and that people can lose money in fracking. (Nymex Crude Oil futures, Energy Select Sector SPDR ETF (XLE), Exxon Mobil (XOM), Marathon Oil (MRO), ConocoPhillips (COP))