QUESTION: Marty, would you do an replace on the Dow? As you’ve typically mentioned, when the Dow leads the NASDAQ, it’s sometimes an indication that institutional and international capital is shifting into the market. Socrates known as the July low, and the Directional Change through the week of July 27 turned the market again up.
You’ve additionally defined in your podcasts that when geopolitical tensions intensify, international capital tends to hunt the relative security of the USA. With three main elections approaching and geopolitics returning to the forefront in August, does this nonetheless help the standard sample of an August excessive adopted by weak spot or perhaps a September crash?
You had been additionally right in calling each the July turning level and gold’s decline regardless of heightened geopolitical tensions. What’s Socrates saying now about the place the Dow and the broader markets are headed from right here? Are we approaching time to purchase gold?
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ANSWER: These are necessary questions. August has been our key goal geopolitically. Some markets will decline and different will rally due to that. I’ve determined to launch two Institutional Reviews on these issues at a decreased price for most of the people. I perceive that the gold-bugs are at a loss and people calling for the crash of the century have been fallacious for greater than a yr. All of this has been the byproduct of domestically confined evaluation. They by no means look past the shores. As you’ll be able to see, we’re at a 17-year excessive within the Dow main the NASDAQ. This has been the development that oddly the overwhelming majority by no means see as a result of they’re simply home analysts.
We additionally simply acquired the video from the Convention and can put up the books on the market that had been handed out on the convention. These are busy instances.
