It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford

Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin

The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Saturday, 25 April 2015


interesting interview,he says the 5th year of a decade is usually very strong ,as discussed here (Gann's 5th year of a decade),but that the first 2 quarters are often weak so he is looking for a 2nd half breakout
he expects years 6 and 7 to be weak and that the next western boom wont happen till 2020 when generation Y starts to take over from the baby boomers
he says most tried and tested styles of investment are not working :-)
very keen on India also China but China currently frothy..
US bonds still ok for now because low and negative real rates here to stay
some european markets and japan ok but you have to hedge the currency (unlike India or China)

Expects gold to move within the next few months....it is already in a bull market in non dollar currencies and is outperforming the S&P if you measure from 2000. Gold mining stocks look to have bottomed

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