With the markets tanking, and the world’s financial markets seemingly coming unglued, by far the most important thing you could do right now is keep your ammo dry and don’t let the short term fool you!
Look, I’ve been analyzing and trading these markets for 30 years, and let me tell you, this is NOT the time to be aggressive, in any market. No way. No matter how tempting it may be.
This is a time to be patient and to keep the intermediate- and long-term view in focus.
Right now, commodities are getting hit hard. But as crazy as this may sound, all of my indicators strongly suggest that all natural resources remain in long-term bull markets, even the short term may be bottoming for several commodity markets. In particular, gold, oil, corn and wheat.
Be that as it may, now is not the time to get aggressive. But it is the time to own gold. I can’t say it enough, I consider gold a “must own” in this environment.
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I am similarly confused as to how you define devaluation.Normally this would mean that the old currency is worth less,e.g. I New Franc equals 100 Old Francs or in the U.K’s example;one Pound equals $2.80 as opposed to $4.00 as
historical examples.Please explain. Thanks. David
That 77.3% is based on stats from the World Gold Council.