Wednesday, October 31, 2018

Tiger Brokers Is Planning a U.S. IPO

Tiger Brokers, the Chinese online brokerage is planning a U.S. initial public offering that could raise about $200 million according to Bloomberg News:

Latest Jim Rogers-Backed China Online Brokerage Is Said to Plan IPO

Tuesday, October 30, 2018

Trade War: Trump Thinks He Is Smarter Than History

"He (President Trump) thinks he he himself is smarter than history and who cares about history history is bunk and I can beat history I know he cannot you I guess you know we cannot history shows he cannot but he thinks he can and that's the dangerous kind of people."

Monday, October 29, 2018

Markets: The Central Bank Will Do Something

The central bank is gonna do something, cut interest rates, buy assets, who knows what they will do and the market will have a rally. The market will rally because people will say "Ah, they've come in they're saving us again". But after that, that's when the real horrible part of the bear market is going to come. So, be worried!

Nasdaq: Worst Monthly Decline Since The Financial Crisis
Stock Market: The Downtrend Is Intact

Thursday, October 25, 2018

Gold Will Dip Below 1,000

That's my view but I've made a lot of mistakes in my life. So, don't rely on me for your market timing, I'm the worst short-term trader in the world. But I expect gold to go under 1,000 dollars/ounce and if it does, I hope I'm smart enough to buy a lot more. If it doesn't, I've got plenty of gold already.

Wednesday, October 24, 2018

The Appeal Of Socialism

Not many people in the world want to be socialist anymore because socialism has failed, communism has failed. Certainly nobody wants to be a communist and if they want to be a socialist, they want to be a rich socialist.

There are people, it's often inexperienced younger people who don't know the history of socialism and how it has never worked -  it's a good story communism, the problem is it's the story that doesn't work. No communist nation or a communist country has ever succeeded. They always fail but it's hard to explain that to somebody who's 23 years old and who's never seen much of the world.

Other interesting articles and market updates:

Stock Market: The Downtrend Is Intact
The Box That The Federal Reserve Has Placed Itself In

Tuesday, October 23, 2018

Everybody Should Have Some Gold In Their Portfolio

I own gold at the moment and I have for many years. I have not bought serious gold in a long time and I'm not buying it now. But if and when it goes down, I expect if it goes under one 1,000 USD per ounce, I hope I'm smart enough to buy a lot more gold.

Everybody should have some gold in their portfolio as an insurance company of nothing else.

Monday, October 22, 2018

Stock Market: It's Not Going To End Well

Many of the stock markets in the world are not doing nearly as well as U.S. stocks because they don't have this gigantic fiscal boost that we have from Washington. It's not going to end well, you know, someday we're gonna have to pay the price for it.

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