Click here to post your comments …
First, if you missed our crucial strategy update or want to watch it again, this is the last week to do so. Just turn up your computer speakers and click this link.
Second, your opinion matters to us — more than you could possibly imagine. I would personally appreciate it if, after viewing the full video, you give me your thoughts or any follow-up questions. Just click this link to leave a comment.
Third, we created the Weiss Global Forum expressly for you, part of our ongoing commitment to help you avoid hidden investment dangers and seize emerging profit opportunities.
However, if there’s someone you trust who is also looking for similar information, you have our permission to invite them to view this unprecedented strategy update as well. Simply send them a link to this blog post or give them the link below — before it’s taken offline later this week.
http://weiss.streamlogics.com/Aug13-09/
I am truly grateful for your friendship and support. If there’s anything further we can do to help you, please let us know at any time.
Best wishes,
Larry
Related Posts
- Thank you VERY much! (08/14/09)
- 64 minutes to change your financial life … (08/18/09)
- Wall Street’s Achilles’ heel: How vulnerable are you? (01/25/10)
{ 1 trackback }
{ 65 comments… read them below or add one }
I spent time in Singospore recently. The economy there is robust. You have not mentioned opportunities there. Please bring up an opinion on the (etf) EWS.
Larry Edelson Reply:
August 28th, 2009 at 12:28 pm
Yes, Singapore is very resilient. I am waiting for a pullback there, which should occur soon.
Larry,
I just started reading your informatin about 6 weeks ago and your advice is great. I received your recommendations on purchasing Gold ETF and Gold Mining companies. But i also received your information on buying short on Gold - before I purchased the gold stocks. For someone who does not yet own a significant holding in gold and gold mining stocks purchase them now or should they waint for a near term decline? Is there a buy signal either in the positive or negative direction now? Gold has been bouncing around the $930 mark now for a few weeks.
Tom
Larry Edelson Reply:
August 28th, 2009 at 12:29 pm
I would wait for my next signal, to either lift the hedge on gold that I recommended, and/or buy more mining shares.
I enjoyed the world wide perspective.
Larry Edelson Reply:
August 28th, 2009 at 12:29 pm
Thanks!
I signed up for Uncommon Wisdom primarily for Larrys opinion and information. However, his information is given by video which my laptop cannot download and watch.
Is there a transcript for his issues? If not, why not?
All the other contributors do their comments in print form and I feel I am missing out on information that might be vital to me.
I also subscribe to Safe Money and Real Wealth but want/need the daily input by the Weiss group.
Larry Edelson Reply:
August 28th, 2009 at 12:31 pm
My print column comes out every Monday. I do not give any suggestions in the video, just market updates. I do not provide a transcript as I am often travelling, or record the videos just before they are posted, so they are timely. Hence, no resources are available to do a transcript, and I do not script them myself.
I enjoyed the Forum. It was less useful to me than perhaps most as I’m with the choir on those issues. They are longterm issues.
The difficulty for most (me) may be more immediate. How is it possible to sift through the technical indicators when Traders like Goldman et al are front-running their computer trading against their clients, which massively inflates the volume and flattens the value of things such as sentiment and MFI & RSI. Even upside/downside volume seems to be less prescient.
Therefore, my question is more: when will these bankers be satisfied with their upside, long, profits and go for the really big killing they’ll make going short against theiri clients?
Regards, Rhys
Larry Edelson Reply:
August 28th, 2009 at 12:33 pm
In the end, no one can manipulate the markets and, it backfires on those who do. I would not be surprised to see GS go the way of Lehman or BS some day.
WOW! Love the new site! You guys really rock! Larry I’m a subscriber. Finally I get to thank you and Martin Weiss for helping me to stay safe and make money in what has to be the scariest/confusing trading climate ever. I post your links all of the time on Yahoo finance boards, so that others can see how much value you guys can bring to the investing table. Please keep up the good work! Hugs! Trish
Larry Edelson Reply:
August 28th, 2009 at 12:33 pm
Thank you!
Larry, with the current, slight pull-back in China would you recommend an entry point for a new investor in EDU?
Larry Edelson Reply:
August 28th, 2009 at 12:34 pm
Stay tuned to Real Wealth Report!
Hey Larry,
Thanks for your continuing advise. If the dollar tumbles down to “zero”, what effect will that have on an etrade account? What account would be the best to have under those conditions. If etrade goes bankrupt, do I lose the stocks? Never invested in stocks. Why not have a program for new money? Any good reads on the subject?
David:)
Larry Edelson Reply:
August 28th, 2009 at 12:35 pm
Zero is not likely. As for a brokerage account anywhere, a declining dollar should not have a major impact on the health of financially strong brokers such as e-trade.
Hi Larry
Very many thanks for really great and interesting global forum.
I believe you once said in response to a question from someone else in UK, that irrespective of the exchange rate it was advisable to hold some gold, which I have. Does that follow for your oil and future Asian recommendation on Uncommon Wisdom and Real Wealth Report? - I believe they are all also denominated in US dollars.
Is it appropriate for us this side of the pond to follow your buy/sell advice timings or would the exchange rate sometimes negate the benefits and be something we need to monitor and work out for ourselves?
If possible, would you please advise roughly what percentage of one’s investments you consider OK to be dollar denominated for someone just retired, living full time in UK.
With many thanks
Samantha
Larry Edelson Reply:
August 28th, 2009 at 12:36 pm
Hi Samantha, yes, the gold should be held irrespective of what your home currency is. As to how much currency to hold in dollars, my opinion is as little as possible, especially if you are not living or working in the U.S.
Super report this morning, Thurs., 8/20. Thanks for explaining all about the dollar. We don’t often hear the basic academics explained as simply as you did today. Appreciate so much your sharing the results of your work. I wish there were a sort of lottery in which the grand prize would be to spend a day with you.
Larry Edelson Reply:
August 28th, 2009 at 12:47 pm
Wow, that’s quite a compliment. Thank you!
i have alot of questions/ i am a DAV so the only tax i have to pay is on my ss which is below 11,000 i tried to make some money with monex big mistake not because i lost very much but the way they turned in taxes to the irs/ cost me 200 to show the irs that i made no money next year if i make some money what is the best way to call this and ivestment orsomething else/ so far just about breaking even mostly because of your information / which i wish to THANK YOU for/ Victor levane
Larry Edelson Reply:
August 28th, 2009 at 12:50 pm
I’m no tax expert. Best to talk to one who is.
Hi Larry,I look foward to viewing your thoughts everyday,I read everything you print and listen to everything you say in your videos,thanks so much for all of your information.I am retired and my main interest is in gold and silver, please give me your long and short term thoughts on this kind of investment,Thanks again for shareing your vast knowledge with us less informed.
Ken.
Larry Edelson Reply:
August 28th, 2009 at 12:52 pm
Thank you. All my views can be found every Monday in my column in Uncommon Wisdom and in my monthly Real Wealth Report.
Hello Larry,
I very much enjoyed the Weiss Global Forum. I have watched it twice now to capture the details. On one of the recommendations, DGW, I did a little research that confirmed the strong growth pattern, but noticed a recent decline in earnings (-33.7% EPS TTM), despite top line and gross margin growth. I noticed from the Reuters report dated 8/13/09 that the effective tax rate had increased for DGW from 22.0% CY-08 to 41.7% TTM. I was wondering if you or your experts could comment on this. It would appear the Chinese Govt wants to take back some of the profits thus hurting the earnings after tax.
Thank you for putting together such an interesting forum.
Cheers,
Ben McLeod
Larry Edelson Reply:
August 28th, 2009 at 12:54 pm
I’m not aware of any official tax assessments that would cause that. I’ll check it out.
Hello Larry,
I love reading everyone’s daily updates and learning a lot. Earlier you mentioned that crude oil will bottom out around 55-60 in mid August and then steadily rise and also that gold will drop below 900? Could you give us an update on what happened and where does the cycle point to?
Larry Edelson Reply:
August 28th, 2009 at 12:58 pm
No changes there. Oil is looking bullish, gold is still bearish, but the long-term bullish forces in gold are negating the short-term bearish signals.
Great forum. The German & Hedge Fund manger were very informative.
I know Jim Rogers likes Asia fpor the long term, I am just not sure they can grow without the big USA buying all the stuff.
Thanks
Larry Edelson Reply:
August 28th, 2009 at 1:11 pm
Well, they are GROWING without the U.S.
I found the Weiss Global Forum to be very well presented and very informative. Thank you for the information.
Larry Edelson Reply:
August 28th, 2009 at 1:11 pm
And thank YOU!
Thanks a million for sharing your presentation and panel discussion about strategic issues and internationally relevant economic and political developments. It was so interesting and extremely informative. I had to watch it twice because it was so interesting but also to ensure I picked up and absorbed the facts thoroughly. If it happens to be still available, I would like to watch it a third time.
Thank you again and more power to your Uncommon Wisdom and the Weiss Foundation.
Larry Edelson Reply:
August 28th, 2009 at 1:12 pm
You’re welcome, and thank you for attending!
Thank you for sharing with the public your valuable insights into world investments. I especially appreciated your European revelations - good information. I’ve already made some worthwhile
Asian commitments, S. America and Australia. You’ve validated my global instincts. Thank you -
excellent production. I’ve passed it along to others.
Larry Edelson Reply:
August 31st, 2009 at 6:16 pm
Thank you, Margaret!
Larry, Great job on the video conference. One of the best conferences I have seen and I help some local people do them. The technology is very tricky and Streamlogics must have worked night and day to make it work. But the best part was that the content was just as good as the technology. Thanks for a job well done. Is it possible to download the Quicktime of your video conference?
Nate
Larry Edelson Reply:
August 31st, 2009 at 6:18 pm
Thank YOU!!
I really found the web cast interesting and took a lot of notes. It certainly makes sense to me. My real challenge is to get my broker to buy stocks rather than mutual funds. I’ll keep working on him because I think you’re on the right track.
Larry Edelson Reply:
August 31st, 2009 at 6:19 pm
Thanks for the comments!
I enjoyed the video and thought it to be undestanding and educational as to what is going on around the world finanically. so thanks…
Larry Edelson Reply:
August 31st, 2009 at 6:20 pm
Thank you, Reggie!
The Global Forum presented important information, insight and company names–thank you. My critique would be that I could not see the right side of the screen because the biography of the speakers remained on the left side of the screen throughout the presentation. The clear picture and logical flow of discussion is appreciated as well. Good work, well done to all.
Larry Edelson Reply:
August 31st, 2009 at 6:22 pm
Thank you, Steve!
thank you for the webinar. much more than i expected i must listen a sfcond time with pencil & paper in hand
Larry Edelson Reply:
August 31st, 2009 at 6:23 pm
Thanks.
Larry,
The forum was awesome. I’ve known for some time that Asia is on the rise, but with the combination of people talking not just in general terms, but also specific companies, I’m going to do some adjusting to my 401K. Thanks for the insight as well on the housing market, as we’re in the process of buying a house. Once again, thanks for the info and keep up the great work.
Larry Edelson Reply:
August 31st, 2009 at 6:23 pm
Thanks, Ben!
The Weiss Global Forum was first class — speakers were knowlegable and to the point. Nicely done and I will watch the next one.
gf mansur
Larry Edelson Reply:
August 31st, 2009 at 6:25 pm
Thanks very much!
Larry,
As a result of the video and your comments concerning China’s future growth vs the US, I took advantage of the lastest downturn, and moved some money into my fidelity Southeast Asia fund and the Latin America Fund.
The video was great and I was super glad to see that it was readily available because I was unable to actually hear the comments at the original time. I wanted to hear more from you and Tony. In fact Tony was quite subdued. I look forward to viewing many more of these extremely informative presentations.
Larry Edelson Reply:
August 31st, 2009 at 6:27 pm
Thank you, Robert!
I am a new investor and I believe it is important to always
view the big picture. Your experts did an excellent job of
making me aware of China.
Thanks for a great program.
Mary
Larry Edelson Reply:
August 31st, 2009 at 6:27 pm
Thank you, Mary!
Larry. That was a great forum.The guests were very accurate in what I consider to be the current situations in the US & World economies.Most people would consider this kind of dialogue awkward and uncomfortable and prefer the head in the sand attitude. I found the forum to be quite enlightning and the discussion held my interest the entire 60+ minutes.Thanks for the great perspectives.
Larry Edelson Reply:
August 31st, 2009 at 6:28 pm
Thanks, Robert!
Hi Larry; Thank You for your including us in your Program! I enjoyed the Wiess Foums and their content. It further gave insght to what is happening Globaly! It basically conforms to my percetions.
Keep up the good work and we look forward to “more”.
Regards, Jane
Larry Edelson Reply:
August 31st, 2009 at 6:29 pm
Thank you, Jane!
Larry,
Your August 31 Uncommon Forcast may just be worth its weight in gold. Most interesting.
Thanks,
Martha
Larry Edelson Reply:
September 4th, 2009 at 6:47 pm
Thank you, Martha!
Larry, I fully understand the idea of the market losing its value through the devaluing of the dollar and inflation, etc. I have joked about DOW 45,000 due to the printing presses of Dr. Ben (Helicopter Ben). But, to take it further down a windy road, there is one major potential flaw or dangerous variable not being added to your mix (IMO). Something never seen before or, for that matter, even imagined is occurring.
You have said it yourself; the dollar will most likely fail and have to be replaced. You have also said “It may take a couple years. BUT, it is coming.” Will it definitely happen? Nobody knows for certain. What is for certain, unless things in Washington change, the dollar will continue to weaken. The level in which the dollar is reaching is dangerous and getting worse. It is entering a crisis phase (reason to be fearful).
It appears we are on the edge of a potential correction. The dollar may make one last extremely large bounce during a corrective flight to safety. It is the pattern we witnessed on each recent dip. Why would this pattern change?
We already know the foreigners have stopped buying our debt. The Brazilians were given a bribe with a multi-billion dollar drilling loan and Russia is inheriting a small cluster of islands surrounded by oil. Who knows what the Chinese and Koreans were given? Bernanke is cleverly playing the slight of hand with his treasury buying. He should stay out of Vegas! He seems to keep getting caught.
After the next leg down appears to bottom, the government would most likely have thrown another couple trillion dollars at it. Money printed out of thin air. The fed’s balance sheet is sending red flags everywhere. Bernanke and Obama are hailing themselves as heroes. That kind of arrogance never ends well. Life goes full circle, and it will this time as well.
Human emotion, IMO, will cause a run on the stock market at some point like a bank. No rational behavior will ensue at this point. Everyone ultimately will tie the markets to the dollar and will panic upon its death. The world’s largest economy and credit is dead and not coming back. As you have said yourself, the dollar is the stock of a large corporation called The United States. Markets react when large businesses fail. Too big to fail? Who will bail it out?
I personally see the new flight to safety will not only be the gold play but all hard assets. The Chinese are rapidly moving into all forms of precious metals and other commodities as an alternative to the dollar. The new world currency, IMO, has already moved away from the dollar and back into traditional (ancient trading) assets. No new basket of currencies through the IMF is necessary. The days of currency manipulation through print presses are at or near an end. We have returned to the basics. The dollar is dead, long live the new (old) currency.
I could go on, but you already know the facts and it would be redundant and take up too much of your time. Just know, status quo is not at work here. We are entering into unchartered territory.
Carey Morgan
Morgan Wealth Management
President/CEO/CIO
Larry Edelson Reply:
September 4th, 2009 at 7:24 pm
All good points. However, they’re almost too obvious, and that alone is reason to doubt them. More importantly, there has never been a fiat currency that has survived a massive debt crisis.
And even more importantly, in past major crises, the dollar was viewed as a flight to safety because that’s where the gold was. The U.S. had 76% of the word’s gold reserves in the 1930s. So when Europe defaulted on sovereign debt, money came rushing into this country for safety, pumping up the dollar, compounding the deflationary impact of the burst stock market bubble. Today, you no longer have gold backing the dollar. Today, the monetary system is EXACTLY opposite the monetary system in the 30s. Today, fiscal policy is also exactly opposite of what occurred in the 1930s. So how could one expect the same results?
Hi Larry, been closely following you since economy collapsed and I agree with your claims.
One quick question: What is you opinion on natural gas?
It’s about $3 right now and it may go down to $2 but I doubt it. I plan to buy UNG between
10 to 12 for long run.
hero
Larry Edelson Reply:
September 4th, 2009 at 7:26 pm
Long-term will pretty much follow oil, higher.
Larry, I have a good understanding of your views on owning gold, and gold denominated assets. Can you please sum up your view(s) on holding physical silver and silver denominated assets?
Larry Edelson Reply:
September 4th, 2009 at 7:26 pm
I’m not that much of a fan of silver. When everything hits the fan, gold is more the monetary metal.
Larry,
Can you give us a breakdown of what you consider “our due diligence” before investing. I hear this stated by all of the Weiss advisors and I am not sure if I’m doing my due diligence.
Thanks,
Martha
Larry Edelson Reply:
September 4th, 2009 at 7:27 pm
Hm. That would require an entire book to answer. My best recommendation in this regard though is “If it sounds too good to be true, it probably is!”
Larry,
What is TechSignal daily showing for gold?
Larry Edelson Reply:
September 4th, 2009 at 7:28 pm
Short-term weakness, then a rally into a major high in 2012.
Larry, Can you trust the economic numbers being released by the Communist Chinese government ? I have read that they are rigged. Thanks.
Larry Edelson Reply:
September 4th, 2009 at 7:30 pm
Probably so. But do you think Washington’s figures aren’t massaged?
Re: Closely watching gold and the dollar.
Brilliant analysis of gold. The new software worked fine.
I’m a bit cautious of “head and shoulders” and other chart analysis techniques when used in isolation. There seem to be four means of market analysis:
1. Technical analysis (charts, etc.)
2. Cycle analysis (Kondratiev cycles, etc. http://en.wikipedia.org/wiki/Business_cycles)
3. Fundamental analysis (price/earnings, etc.)
4. Environment analysis (economic picture, government movements)
Warren Buffet failed last year because he did not regard the economic trends. He is making the same mistake this year.
My gut feeling is that all these techniques must be used together. Currently, giving extra weight to the environment analysis would seem to be wise.
I’m very excited about your use of cycle analysis.
Best wishes, Earl Greer
Larry Edelson Reply:
September 4th, 2009 at 7:31 pm
Thank you, Earl.
Larry,
Your recent message about Gold and the trend lines was excellent.
Thanks for taking the time to explain the chart.
I have enjoyed your weekly messages and hope you continue helping the small invester.
Larry Edelson Reply:
September 4th, 2009 at 7:32 pm
Thanks, Fred!
Larry, I’ve been reading and listening to your comments and insights for a number of months now, and I just wanted to say that I find your discussions of cyclical patterns very interesting.
I know you expressed some concern about being a newbie with the new software you are using, but rest assured that from my point of view, the video you put out today with the charts upon which you drew trend lines and for which you offered explanations, was totally clear, understandable and helpful.
Thank you. Susan
Larry Edelson Reply:
September 4th, 2009 at 7:33 pm
Thanks for your feedback!
I wanted to express my appreciation of your email video today and your excellent presentation of the gold analysis. The graphs came through just fine and was so enlightening.
I want to say “THANK YOU” for allowing me to see into your thinking, and then explaining “WHY” you think that way.
Please continue with this format whenever it is practical. I do follow your analysis closely as I have for several years. Best Regards, Frank
Larry Edelson Reply:
September 4th, 2009 at 7:33 pm
Thanks very much, Frank!
Hi, Larry:
Just wanted to comment on your latest Uncommon Wisdom video - Closely Watching Gold and the Dollar. I was very impressed with this new format and the detailed technical analysis you shared. This is exactly the type of education and insight into the markets that I am looking for. I encourage you to continue this approach and look forward to becoming a more knowledgeable investor from your teaching. Your Uncommon Wisdom videos along with your Real Wealth newsletter provide me with all the tools I need to succeed in this market. Thanks for sharing your knowledge and experience with us in this forum.
Chris
Larry Edelson Reply:
September 4th, 2009 at 7:34 pm
Will do. Thanks!
Dynamite, Larry, RE: Thurs., 8/27, video. Thank you so much for sharing your new software/insights with us.
Larry Edelson Reply:
September 4th, 2009 at 7:35 pm
Thanks, Cande!
Hello Larry,
I’ve just finished watching your new video. I think it was great, it now gives me a chance to understand your thought and decisions related to the maket.
I want more, to understand more of your techical analysis techniques and the video with the charts helps greatly
thanks
Brad
Larry Edelson Reply:
September 4th, 2009 at 7:36 pm
Thank you. Expect more!
Larry:
Your video of 8/27/09 showing cylical trendlines and patterns was excellent and glad to hear you plan on more of this type of training.
Larry Edelson Reply:
September 4th, 2009 at 7:36 pm
Thanks! You’re welcome.
Larry Edelson Reply:
September 4th, 2009 at 7:42 pm
Thanks! You’re very welcome.
larry,
your new chart software and your commentary was outstanding this Thursday morning!
Excellent job!
Jeff
Larry Edelson Reply:
September 4th, 2009 at 7:36 pm
Thanks, Jeff!
Enjoyed the video–thanks. I would love to see the same analysis used on the silver market.
Larry Edelson Reply:
September 4th, 2009 at 7:39 pm
Thank you, Lon.
Thank you Larry for your video of 8/27 with the charts on gold. I am learning so much from you and really appreciate your years of experience. I subscribe to RWR and look forward to the next few issues.
Larry Edelson Reply:
September 4th, 2009 at 7:41 pm
Thanks, Sherry!
Larry:
Your video of 8/27/09 showing cylical trendlines and patterns was excellent and glad to hear you plan on more of this type of training.
Hey, Larry,
Just watched your latest video with your new software. That was great, and I thought you did a great job. I found it much more interesting and meaningful than previous ones. I also like your, and to some extent Weiss in general, approach to teach - to doctor (which is teaching in health care), if you will, us tiny (and no doubt much larger) individual investors, struggling to make ends meet. At least that’s where I’m coming from! - trying to get my meager retirement savings to appreciate so I have something to live off for my remaining retirement years; so probably not your typical client.
David..
Larry Edelson Reply:
September 4th, 2009 at 7:44 pm
Thanks for your comments David!
Larry,
Great job on the latest Gold and Dollar video. The new presentation software helped me clearly understand the cycle analysis and the need for a gold hedge. Your information has played a large role in maintaining the family portfolio in the black.
I would like to extend big thank you to you and your team for keeping us out of harms way during these tough econmic times.
Rob
Larry Edelson Reply:
September 4th, 2009 at 7:45 pm
Thanks for your feedback, Rob!
Larry,
I have read your comments about Gold and the Dollar for the last couple of months and have always disagreed with your fundamental position. As I read your comments about Gold today I observed the spot price hit $998.00 decisively going through your trend line of resistance. What say you now? Are the technical signals the same? Where do we go from here if we are to rely upon your advice?
Thomas Bergstrom
Larry Edelson Reply:
September 9th, 2009 at 9:58 am
Hmm. I am very bullish gold and long from much lower prices. So, we’re only referring to the short-term, for which I opted to recommend a hedge that did not work out. But it was a small price to pay considering the profits on the open recommendations.
Hi Larry,
I’ve been following your comments for more than 2 years, I really apreciate them and I’m interested on applying for your Real Wealth Report.
My question is: As I’m Portuguese and my base currency is the EUR, how should I play your recomendations taking into consideration the EURUSD exchange rate moves and that the US Dolar might fall a lot as stated by your other colleags on Common Wisdom.
Thanks
Larry Edelson Reply:
September 9th, 2009 at 9:59 am
The recommendations are made based on U.S. dollar forecasts, so, I don’t believe there’s any reason for you to worry about the exchange rates. After all, a much lower dollar – and much higher euro – would still work in your favor, even if asset prices were flat. Conversely, if asset prices in general go down, that would imply a stronger dollar and weaker euro. So, your dollars would gain against asset prices, purchasing you more.
Larry,
I just received the latest Foundations reco, and am really confused. You and Richard have been saying, both from a technical and a cycle perspective, that the equities market (i.e. the S&P 500) should be entering an up-trend in early September, and that the up-trend should last for at least a month. And then today I get a Foundations reco to short the S&P 500! Am I missing something?
Richard Kiger
Larry Edelson Reply:
September 9th, 2009 at 9:59 am
The Foundation reco you refer to is only for the very short-term. Both the Foundation and myself are forecasting a short-term decline, followed by another major leg up.
Larry,
I have exited all of your recommendations for the short term, except DGZ. While I’m 100% on board with your long term views, it looks like gold, gold mining will get bashed as the dollar rallies and China is getting hit as we speak. I am in cash as I ride out the near term turbulance. When do you think the commodites market and China start to decouple ffrom the US stock market?
Larry Edelson Reply:
September 9th, 2009 at 9:59 am
I think they’ve already decoupled, though not 100%.
Dear Larry
I have followed the advise of you and Martin Weiss for years, then stupidly I stopped and began using the advise of others.
I have paid a hefty price for that.
Thank you so much for all you and the Weiss Research team provide.
Eleanor Schwank
Larry Edelson Reply:
September 9th, 2009 at 10:13 am
Thank you, and you’re welcome!
hello larry;
A FIX for global fiat money chaos:
Re-introduce the gold standard using the “gram unit at $1000 per gram” to replace troy ounces and lower taxes.
A simple change in mass-weight units leaving the current price intact is an acceptable strategy.
As there are 31.104 grams per troy ounce ($31104) there is a match with the total amount of gold worldwide.
Larry,
I recently came upon your website, money and markets, and have began to use more often as a research tool. Last week I watched the Forum and am pleased to say that I have exposure to Asia. That said, how does one get more exposure to the Asian markets that is not directly trough ETF’s? I already own FXI and EWT.
Larry, I’m a recruiter. Early this year I started warning clients and candidates that I suspected wealthy individuals were leaving the U.S. - or at least reallocating away from the U.S. - and taking their companies with them. Quarterly reports consistently show multinationals sustaining higher year over year growth offshore vs. in the U.S. It appears the goal is not so much to get cheap labor, but instead to participate in a growth market. I started following you and your team, and your reports seemed to confirm as much. I interrupted a trip to catch your excellent web presentation. I am a hair trigger away from investigating international opportunities for highly skilled (and very bored) U.S. engineers. I am stunned at how definitively our government is shutting down opportunities. I talk to unemployed candidates who love their country but can’t feed their families. I’m about ready to load ‘em all up and take them where they’re wanted. I’m extremely interested in your thoughts. Thank you.
No, I did not miss your video. I am on the slowest dial-up in the country I guess and I hear two or three words and then by the time I hear two or three more I have forgotten what you were talking about. I have to wait for the printed page to come out. Anyway, Larry on one of your recent info’s that you sent out, unless I misunderstood you. You said that the U.S. government might make it illegal for us to own gold as they did in the 30’s. If this looks like the possibility, why buy gold now? I don’t have a lot of money to invest anyway and if it’s going to be taken away, wouldn’t I be better off investing in some company in China instead of gold? While I’ve got your attention, I also would like for you to answer another question. If I remember correctly someone was talking like you could invest in companies (as an example) in Europe and your money would be in Euro’s instead of the dollar. I don’t understand this (among many other things). I thought that the only way I could buy stocks from other countries was through ADR’s and if I tried any other way it would be to much trouble to mess with, much higher fees, etc. Could you clear this up for me and which other currency would you recommend? Thanks so much for your time. Like I said, I’m and old Okie living out in the sticks, just trying to make ends meet. Thanks again! Terrell
t
Hi Larry,
Appreciate and always look forward to your weekly commentary. Great insight! When do you anticipate getting back into the China market?
David
Harry Dent disagrees with your analysis on the dollar saying the following: I’d like to get your comments: ” But again, few analysts and economists get
the logic of deflation. Assets in US dollars are going to
continue to deflate in value and much more in loans
and credit are going to be written off between 2010
and 2012. This actually reduces the amount of dollars
in the world and makes them more valuable. The U.S.
will see the most deflation, then Europe, then Asia
and emerging countries – hence, the dollar will tend
to rise, not fall. Most bearish forecasters are betting
on inflation and a collapsing dollar. You should be
betting on deflation and a rising US dollar. The
commodities that may see one more rally into late
2009 or early 2010 are the “crisis” commodities:
gold, silver, oil and natural gas” Thanks JS
Larry….I’ve been following you before the recession began..
You are really COOL!!!!
hero
Larry…How about some info on Barrick Gold. Should we sell or what? Thanks
Larry,
I am a new Real Wealth subscriber. I noticed you don’t have any silver holdings. Since you have a strong metals background I was wondering if you could comment on why you don’t hold it.
Thanks,
Dan
please give some comments on the position canada wil be in after the come home to roost thank you