Gold: The Correction Is Not Over

In my view, and I have a little bit of experience, when there`s a lot of bad news and something like gold does not go up, it means its not going to go up. The correction is not over for gold.

Related trading instruments:

• SPDR Gold Trust ETF (GLD)

I Don't Think This Is The Beginning of World War 3

I don't think this is the beginning of World War 3 (WW3) but be worried because certainly in the next couple of years Mr. Trump could do something. I'm worried anyway, I'm watching closely.

Gold: I Expect It To Go Under a Thousand

I'm the world's worst market timer, I'm a horrible short-term trader but I expect gold to go under a thousand at which point I hope I'm smart enough to buy a lot of gold.

Currencies: I Don't Want To Own The Euro Currency

You're gonna see a lot of strange gyrations but I own the Renminbi. I don't want to own the Euro currency I don't want the British Pound I don't even want to own the Swiss Franc. You know most currencies are very seriously flawed compared to the Renminbi which also has flaws but in the meantime I own it now.

Stocks: Bear Market Later This Year

We'll have a rally and it could be a big rally but then that will be the last rally and then we start going into the bear market later this year or next year. It's been ten years or nine years depending on how you count since our last bear market and that's an unusually long period of time.

Related trading instruments:

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

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.