QUESTION:
Dear Martin,
I have been following your blog for years now. I am not a trader or
financial person in any sense of the word but I take a keen interest in
the economy and try to keep myself educated re current science theories
for my own interest. I love your blog and your fundamental theory re
cycles and how the West thinks differently to the East. I feel you have
given me an an insight into how the world functions in a way i couldn’t
hope to find else where and you generously put your blog out for free
which is a public service that I am deeply grateful for so thank you
very much for that. I am English and live in England and I have a very
modest amount to invest and i wondered if you would recommend either
(a)waiting for gold to change trend and investing in that and or
(b)waiting for the Dow to possibly go through 23000 and invest in that.
ANSWER:
There is little doubt that we stand at the threshold to some chaotic
period ahead. I have warned governments behind the curtain of what is to
come. It seems as if at times I am the old person who has ever read a
history book. I point out that 99% of all revolutions begin with the
abuse of taxes. No matter how many times I show this is the trend and
all the countless rebellions in ancient, medieval, and modern times
(within the last 309 years) such as the American Revolution (no taxation
without representation) or France (let them eat cake), I am just one
person and I cannot move a mountain. So I do this blog as a public
service realizing that we must crash and burn and thus it is up to us at
that brief opening in the clouds to push for the freedom we deserve for
our posterity.
We know where the trend changes from gold at 1362 to the Dow at
23,000. We have not yet missed anything. The boat has not left the dock.
Patience is required along with a clear head. Never act emotionally. Be
clam and poised. Remember there must always be the false move before
the slingshot move.
It is the fool who rushes in assuming he will miss the move before
key points are exceeded. That is when losses are always the greatest.
Rallies in gold are up to the next bank of Reversals as is support in
the Dow. Keep in mind that September is a turning point in gold and
August was key for the Dow. The two are not yet aligned. That may not
unfold until next year.
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