Calibre Has Some Safety in the Storm
Source: Bob Moriarty for Streetwise Reports 03/01/2020 Bob Moriarty of 321gold discusses a company he sees as a safe haven amid economic chaos. Last week provided a glimpse into the future of the stock market. Only a glimpse. It is going to get a whole lot worse. On January 1, I said in an article I titled Beware the Stock Market, “As the Everything Bubble pops, the financial system will destroy most investors because they are unprepared.” Lest my readers misconstrue what I meant, I followed that up with another article on January 27 where I repeated, “Now would be a great time to be prepared for a disaster bigger than any in history.” The two biggest measures of metals stocks would be the XAU and HUI. Both peaked on the 24th of February and began to tumble. I wrote another piece a couple of days later and said, “The Greatest Depression is going to have negative effects on everyone. No one will escape entirely no matter how well prepared you are.” When the metals shares fell out of bed I got fifty emails essentially asking why I hadn’t warned my readers. Sigh!! One of the smartest people I follow thinks the stock market is going to drop by 50%. I like David Collum a lot but this time he’s dead wrong. Another very bright financial investor named John Hussman believes not only that the Fed is powerless, he says the stock market is going to collapse by 67%. Both … Continue reading →
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