Don’t Be Spooked by Market Volatility—Opportunity Is Still Knocking!
By Frank Holmes
One of the greatest fears this October—possibly the most volatile month of the year—has been the correlation between the S&P 500 Index’s ascent in the first three quarters of the year and the possible ramifications of the end of quantitative easing (QE).
It’s well known that Japan and Singapore have been buying their countries’ blue chip stocks with their excessive money printing. Today, about 1.8 percent of the Japanese market is owned by the Bank of Japan. American investors fear the Federal Reserve might do the same and take away the punch bowl, so to speak.
I have heard Frank speak at several conferences, most recently in YVR last July. He is with out a doubt the best sales person I have ever heard. It does not surprise me at al that his firm is quite successful.
I thought he is the one of the level headed guys in gold bulls. I haven’t listened to him much so not much to say.
And he stands behind his bullish outlook too with a whopping!!! 5 % suggestive weighting in gold, now that’s a guy who puts his money where his mouth is…5% !!!!….NOT!! if that’s bullish, well, lol
Maybe he is conservatively bullish 😉
LOL, very conservative
I think every guru should be screened, how many wouldn’t bother to show up at these speakers conferences if they were introduce truthfully.
Mr X has been dead wrong for 3 years now, but lets hear what he has to say today…..lol…or this speaker suggest buying XYZ yet he owns none himself!
Damn Straight there, JJ!
An equally interesting article came down on Bloomberg news about 2 hours ago. My computer is messed up so I can’t hotlink it. It is entitled “Changing Global Silver Fix was just the start for Crowell”
Crowell is the new, very young, female, Yank lady who is now in charge of the London PM market fix and who of among other things has vowed to protect the silver market whatever that may mean. The implications of the article are above my pay grade to fully understand but perhaps some of our in house resident experts and/or cerebral readership may have a good take on the article…………
I came across the article quite by accident when trying to find out what impact, if any, the new Shanghai PM exchange will have on the London fix and which fix may ultimately prevail.
Anyone?
Thanks Chips.
Thanks John and Chips…………………………
CROWELL only has 7 years experience…wow……….a lot of bullion experience there…
Yes, thanks John and you’re welcome, Dai Uy and J……..
Yeah J…….. That’s a sh-tload of experience, heh.
John E here is a repeat of my fundamental bear case for silver article, maybe you are not familiar with it. This might clear up some things. Food for thought.
Of course she will “defend”silver…
The Fundamental BEAR CASE for SILVER.
For centuries now silver has served as a medium of exchange, a store of wealth, an industrial instrument , a household utensil, and an ornamental heirloom.
And yet as we speak an ounce of silver hovers slightly above $21 an ounce.
The price would hardly indicate that this precious metal is indeed rare, unique, sought after, or indispensable.
And yet that is what we are supposed to believe?
I think not. Fool me once shame on you. Fool me twice shame on me.
The new siren call for silver, like the boardwalk carnival barkers, is the fabulous wealth opportunity silver has to offer for those savvy investors who have the patience to wait and the ability to see way into the future. Rubbish I say.
We are to believe that all these technological and industrial uses for silver will some day make it indispensable and by correlation outrageously expensive. Hog wash I say.
The nature of economics, business and technology in particular has always been to find a better way. A more practical way. A more efficient way. A more economical way.
This always has been and always will be.
Like the dinosaurs, new business models spring up, old ones die a natural death.
It is survival of the fittest. And this is how it should be.
Right now digital content management, 3D printing, NANO technology are a few of the latest technological innovations that are creating paradigm shifts in the way we process, distribute, and organize content, how we manufacture, how we develop medical procedures, point of sale, identity security… On and on it goes.
Whenever there is a challenge, technology finds a solution.
Cheaper, faster, smaller.
This will never change
And so are we to believe that businesses, industries, governments will become increasingly more dependent on a metal that is becoming more and more rarer and more and more expensive?
Never, never in a thousand years. And funny that’s almost as long as it’s been.
Technology will find a way. New approaches will be taken. Synthetic chemicals will be tried, new business models will be entertained. Substances not even yet discovered will replace older materials. This is the track record of history. It will not change.
Does anyone really think if we need silver that badly, businesses and governments will let the price increase substantially?
Again no. They will keep it down. They will keep it affordable. This is only logical.
I would also add anyone who is predicting what the future holds, 10, 20, 30 years out is rather foolish. And anyone advocating holding onto silver that long waiting for some payout is all together mad.
Just look backwards thirty years from today. It wasn’t all that long ago.
Did you expect to see cars that drive themselves?
Did you expect to see storage capacity that can hold a cities worth of data in something no bigger than a grain of rice?
Did you expect to see content from the entire globe delivered to your computer in the time it takes to say “Google”
To think that 20 years from now will not be radically different from what we are living in today
is folly. Innovations, devices, platforms we can’t even dream of today will be common place.
To think that somehow silver will play a part in this is incredible.
Can silver play a role as a monetary metal?
Absolutely. It can serve in this capacity.
But again the price will always be encumbered by government, business, industry.
To sum it up –
If you like silver, hold silver. Enjoy silver in all its forms.
But to wait decades for some expected payout is not the best use of ones time or capital.
We do not have decades. We are not going to live forever. Life is too short.
I for one regret more and more each day I didn’t sell out at $48
I even wish I had sold out at $40. Even $30 is looking good.
Did I lose anything? Not monetarily, no. But time is money!
Everyone needs to do what they feel is right. But I hope this gives you another perspective..
So basically james your saying all the years you’ve been following Al’s site it never helped you understand that you should have sold at least 50% of your holdings
….buy and hold only works in a bull market just as fundamentals only apply in a bull market everything today must be traded are your portfolio’s worth will follow that of poor james ….I feel for you man all the time you spent here listening and reading opinions and you never sold…I guess this site is for Bulls only?
jj…anyone who uses the information on this site to either buy or sell is a loser anyway…..one doesn’t base their financial decisions on rhetoric from a blog site…or do they…..
Gator, you mean HH and Revy and Matty and SandiegoM and all the other perma gold and silver bulls don’t rah, rah, rah each others losing positions all based on being “great guys”
And all the guests that Al brings on are just for amusement purposes that what they suggest is not to be followed regardless of everyone knowing this is not investment advice but just what is it?
I use the chart only to invest what do you use?
jj I’m not a ‘great guy’ – far from it. Just someone who looks, listens and learns and whose current lousy returns on gold stocks are, for me easily explained by what the manipulators are doing. Truth is no-one knows where PMs are heading in the immediate or even mid-term future. Nor am I a PM ‘bull’ in that I’ve not got enough cash kept in reserve to buy a house which my wife and I are currently now doing – one of the reasons for restricting my current involvement on this site.
sure blame it on the manipulators because they trade your account, not you
enjoy your new home
jj…I use charts..RSI indicator and MACD…..Don’t need anything else….Those three will tell you bull or bear trend and when to enter and exit….combine this with good money management and you will stand a good chance of being successful…..IMO…..
Well I can only speak for my account, if your making great gains this year than what your using works, good for you!
Thanks jj. No point in even entering the stock market if it’s the manipulators you fear
Gator,
jj seems to think a computer time machine is the answer to everything lol
at least I give credit where its due and not copy someone who has been correct for 3+ years suggesting its my idea
jj,
did you read my previous post to your nonsense comments on yesterdays show? here i will give it to you again..
jj,
I really don’t want to answer any of your post but I will this one time. Im not out to prove to anyone my worth and my work. I don’t follow anyone person nor do I follow a computer that was built by man. Has marty been good with his calls? no doubt.. But he has also been poor in calling any rallys in the short term etc. He has changes is timeline as well in the past.
If you had any sense of what you post yo would know its full og ignorance and stupididty. You come on here and attack anyone that is not in agreement with you. You hide behind your computer and alias when gold goes up and re- appear when gold heads down. Your a premadona/bipolar tool.
Everyone in here knows from my track record that I’ve called for lower oil prices since gary and bird where bullish and that goes a while back. I’ve been consistent with the 78 target for the longest time. It’s not a number I pulled out of my arce. I’ve been consistent with 78/80 gold/silver ratio for quite sometime is marty calling for that? I said we would hit that 78/80 target in oil and if it failed we would head lower. If I gave you 72-75 is a normal retracement call anyone can see that. 57/60 is very obvious longer term call that even rick called for. But if you had a little bit of memory you would know I called for 35/40 wti oil eventually long time ago. Now go do what your good at and retrieve my old calls and post them for us.
And how about in the future you stick out your neck and show some targets or numbers or make a call when you buy and sell? Let me guess your pride is worth to much along with your ignorance.
cheers
May you be caught with your shorts nice and tight to your knees lol.
Reply to this comment
jj,
And by the way your the master of the cut and paste so please don’t go there.
sorry glen but you’ve mistaken me for someone who cares what you think about anything, I don’t
Then why do you respond to my posts? I’ve asked you politely not to respond. And if you do at least don’t make yourself look like a complete idiot. Do some back round checks on my previous post and stop picking at one or two and coming up with bogus statements.
Sounds to me like lady silver tongue is wanting people to think silver won’t be going up soon. But some of us are far from being sheep.
Just three of the black swans circling this month:
Catalans to defy Spanish courts by voting for independence this weekend.
Deutsche Bank leading the charge in seeking to repel a succession of legal challenges.
Swiss referendum on the 30th to make their national bank responsible for buying back a proportion of their gold.
great points Andrew…………………..
JJ Als sits never helped me understand anything.
On the contrary when it was still in the 30s no one no this site thought we entered a bear.
They clinged to this is only a cyclical bear market in a secular bull all the way down
I agree but, this week (at least) I’m looking at this:
http://scharts.co/1x7DTqd — NYSE McClellan Oscillator
We look a tad overbought.