Not long after you receive this column, I’ll be sharing my thoughts about the markets and the economy with a select group of investors on the 2016 Money, Metals, & Mining Cruise. Then this weekend, I’ll be speaking before an audience in Vancouver about my outlook on gold and the influence of monetary policy on the metal.
I understand if you weren’t able to join me. Not everyone can attend or travel to events like these. And while I certainly can’t cover everything here, as that just wouldn’t be fair to paying attendees, I can hit on a few major points …
* The deflation of the "Everything Bubble" — a multifaceted bubble created by the biggest flood of easy money in world history — is continuing apace.
IPOs. M&A deals. Tech unicorns. Corporate buybacks. Commercial real estate. Auto sales. The massive bubbles in these sectors and others were completely unsustainable, and one by one, they’re popping now. That’s creating huge risks for individuals and institutions that fail to take appropriate, protective steps.
* Meanwhile, investors have been flocking like mad to anything and everything with yield — government bonds, high-grade corporate bonds, dividend-paying stocks, you name it. Stated simply: Safe is "sexy" again, and that presents tremendous profit opportunities for investors who know what to buy and sell, and when.
|Investors have been flocking like mad to anything and everything with yield.|
* Lastly, we’re facing an unprecedented era of monetary policy chaos. Central banks around the world are pulling in different directions, and acting in an increasingly panicked, reactionary manner to every wiggle in the markets and the economy.
That has unique implications for gold. Many are even treating the yellow metal as a "yield" play now, given that $11.7 trillion-and-counting of government bonds have slipped into negative-yield territory.
How does this big-picture outlook translate into concrete investment recommendations? Again, I’ll be going into much more detail in my appearances today and this weekend.
But if you weren’t able to attend, you can to check out my Safe Money Report. That’s where investors like you can get detailed analysis, actionable "Buy" and "Sell" signals, access to the guidance our Weiss Ratings provide, and more.
We’ll also have two more opportunities to get together in person later this year. That’s because I’m speaking at the MoneyShow Toronto, which runs from September 16-17, and the New Orleans Investment Conference, which goes from October 26-29.
You can register for Toronto’s event here, or by calling 800-970-4355 and mentioning priority code "041484". And you can register for the New Orleans gathering here, or by calling 1-800-648-8411 and mentioning my name or Safe Money Report. I look forward to seeing you if possible.
In the meantime, understand that I’d love to be more aggressive or positive or excited about the prospects for the broad averages and the economy. But everything I’ve learned, researched, and seen over my two decades of following the markets closely tells me otherwise.
You simply have to take a much more targeted, tactical approach at this point in the credit and economic cycles if you want to be successful, and grow your wealth in a sustainable fashion. Be sure to keep that in mind before you pull the trigger on your next trade.
Until next time,