Gold & Silver Will Continue To Be Under Pressure

The U.S. Dollar is going to go higher as the turmoil increases worldwide. As the Dollar goes higher, gold and silver will probably continue to be under pressure, they often have historically, not always.

Tickers: iShares Silver Trust ETF (SLV), SPDR Gold Trust ETF (GLD)

Precious Metals: There Will Be A Better Opportunity To Buy

I haven`t bought gold and silver for a long time. I still expect better opportunities to buy gold and silver. Precious metals may well turn into a bubble but in the meantime I expect a better opportunity to buy. (SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV),)

Global Turmoil Is Bullish For The U.S. Dollar

As the turmoil gets worse, my theory is that more people will buy the U.S. Dollar and it will go higher and higher. They are not going to buy the Yen, they are not going to buy the Euro. They will buy the U.S. Dollar. That is the same reason that some people are diversifying into the United States.

Does It Matter Who The Next U.S. President Will Be?

Whoever becomes President, their friends will be better off, there is no question about that. But most of us are not going to be better off. The debt is going to go higher, the absurd interventions worldwide are going higher, the interventions domestically are going higher too. So, no. I do not think it matters much at all.

I Might Buy More Russia

I might buy more Russia (Market Vector Russia ETF Trust (RSX)) but there are not many things that are really depressed at the moment and do not like buying things making new highs or going through the roof.

The Stock Market Could Turn Into A Bubble Before Its Over

The central banks are not giving up. The central banks are continuing to panic and put more money into the system. So the stock market could turn into a bubble before its over. I am very cautious and I am not really rushing out to buy a lot of things at the moment.

Global Markets: I Am Very Cautious and Worried

Mainly I am worried. It has been six and a half years since the bull market has started in the United States and therefore in the rest of the world and it is unusual. Every four to seven years through out American history we had setbacks and consolidations or some other form of economic problems. So we are overdue.

It is all based on staggering amounts of money printing and debt, not just in the U.S. but worldwide. So I am very cautious and worried.