Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Near Term Outlook

January 23, 2009 by  

Near Term Outlook

A real washout in gold stocks and gold and silver are substantially down. This reminds me of 1973-74. There was blood in the streets.

The long-term commodity bull market is still intact. This bleeding correction has very positive implications. Number one, it will extend the bull market and number two, it is the greatest buying opportunity for gold and silver stocks as well as silver and gold coins. I have not sold anything.

It will take a while for this market to rebuild, but the wait will be rewarded. There is enough credit crisis and real estate collapse to trigger an economic tsunami like the world has never seen. Sentiment is terrible among financial writers.

I repeat that I do not believe that this current credit crisis is to culminate in a great financial collapse as many writers expect. But keep in mind that after this financial season comes the deluge. That is when you had better have your ducks in a row.

The government bailout simply means print more money.

I believe that if it is possible to create enough "money" fast enough, the system will rally a few months hence.

Signs:
1) Look for banking stocks to begin a sustained rise. This is a very strong signal that the bottom is in and a crash has been averted.

2) When central bankers stop fighting inflation (which they caused with printing press money) and begin talking economic growth, this means that the new money floodgates are open.

3) Look for central banks to cut the prime rate and the discount rate.

4) The new administration will make Bush look like an economic conservative. I expect huge expenditures for repair and new infrastructure as well as many other construction projects. There will be another huge "stimulus" giveaway.

Bob Livingston

founder of Personal Liberty Digest™, is an ultra-conservative American author and editor of The Bob Livingston Letter™, in circulation since 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

Facebook Conversations

Join the Discussion:
View Comments to “Near Term Outlook”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.