Gold Will Trade Below 1,000

I expect gold to go under a thousand at which point I hope I'm smart enough to buy a lot of gold. Before this is over gold is gonna go up a huge amount and whenever people lose confidence in governments or currencies they always have bought gold and silver.

Related trading instruments: 

• SPDR Gold Trust ETF (GLD)
• iShares Silver Trust ETF (SLV)

Nobody Has Ever Won a Trade War

Nobody has ever won a trade war. It's not good for anybody. Everybody who's tried it in the past has learned, let's stop this as soon as we can. But unfortunately Mr. Trump doesn't know history and the people around him are very keen on trade wars.

Currencies: The Yuan Is My Second Largest Holding

I own some Renminbi. It's probably my second largest holding of currency, I mean, it's minuscule compared to my US dollar holdings but I'm already there. Everything may go down against the US dollar when the turmoil comes and the US dollar goes up a lot. Everything will go down against it I suspect that the Renminbi will go down less than anything else.

US Dollar: China & Russia Are Working On A Competing Currency

China and other countries are little tired of being bossed around because of the US dollar so they're looking to develop competing currencies. Russia, China  and other countries as well. 

So it is a process, this usually takes a while. It took many years for the US Dollar to replace the British Pound. But it is now underway, it won't happen this year, it won't happen next year but it's the beginning of another blow for the US dollar.

Trade War: China Will Strike Back

You think the Chinese are sitting idly by, China is a major buyer of US agricultural products, and it is obvious that they will aim for this sector as the most painful for Mr. Trump. 

Related trading instruments: 

• Potash Corporation of Saskatchewan (USA) (NYSE:POT) 
• John Deere (DE)

Bear Market, Trade War

The next bear market in stocks will be the worst in my life, and this is only because of debt. But in the event of a trade war, the situation will be worse than a disaster!

Related trading instruments: 

• SPDR S&P 500 ETF Trust (SPY) 
• Russell 2000 Index ETF (IWM) SPDR 
• Dow Jones Industrial Average ETF (DIA) 
• iShares MSCI Emerging Markets Index ETF (EEM)

Euro Break Up, European Bonds

If the European Union starts breaking up or the Euro starts breaking up that's gonna throw a spanner and a lot of people's works. Nobody's really sort of planned on that. Most of the euro bonds, none of them,  very few of them have any provision for what happens if there is no Euro.  I mean, Italy owns several billion dollars worth of bonds. Suppose Italy pulls out of the Euro and they suddenly says, "okay we're gonna pay you back in Lira". Well that's that's gonna confuse a lot of people and caused a lot more turmoil.