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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

is an ultra-conservative American who has been writing a newsletter 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.

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  • s c mailen, jr.

    Bob, you’re right on target – again. If people would UNDERSTAND that our “leaders” remain clueless, and that overpaid lobbyists and career, hack politicians and their pals are still in control (and care NOTHING about us) perhaps we might have a chance.
    Anyone who is at least 25 years old and has a functional brain DARE NOT look at big government as a savior. Our government is, and will remain, T H E problem.
    Obama has already made serious, tragic blunders. The Great Prostitute Media won’t talk about it (or admit it). Anyone with a dime’s worth of common sense can see what’s going on in DC. Once again ‘the new boss is the same as the old boss.’ Change? This is NOT change. This is absolute protection of the prostitute STATUS QUO that got America where it is now.

    • http://www.personalliberty.com LA Williams

      Dead on S C- Pelosi, Reid and Co. ARE the problem, not the solution! And I agree, Obama is just going to fumble, and stumble, into the same old liberal traps we’ve seen in the past. His appointment to Sec. Treas. certainly inspires no confidence. His stated determination to drive an entire sector of the energy infrastructure out of business is downright maddening to anyone with a modicum of intelligence! Here in KY we just experienced the coldest Dec. in recent memory. Must be that dread Global Warming I keep hearing so much of!!! And our new Ruler wants to emasculate the coal industry. Long Live the King, our much ballyhooed New Messiah. Forgive me if I prefer to continue to worship the only True Messiah, Jesus Christ, My Lord. I personally will bow to NO man. Chris Matthews notwithstanding, MY leg hasn’t experienced any thrills. The only feelings I’m getting over the new administration are: inexperience, unworthiness, and quite possibly imminent danger to our nation’s security and well being!!!

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