Gold: We Will Have A Bull Run Next Year

I think we will have a big bull run next year. I think next year gold will finish the year strong as opposed to having this Trump related sell-off. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG))

We Cannot Stop The Bubble From Popping Nor Should We Try

People are ignoring that the things they think are going to happen are impossible: "Now we are going to get fiscal stimulus, we do not need monetary stimulus." If we get the fiscal stimulus we will need the monetary stimulus more than ever to make it possible. There is no way to finance these deficits unless the Federal Reserve steps up and does it.

Of course, this is a mistake, they should not do it and that is why we are in so much trouble. But I do not think there is any way Trump can fix these problems. They are unfixable! We cannot stop the bubble from popping nor should we try.

The New Year May Start With A Sell-Off

The stock market may start the New Year with a major sell-off, just like this year. What I would do if I was sitting on a bunch of profits , I would maybe sell some S&P futures right now to lock in these prices in case there is a rush to get out in January. (SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), iShares Russell 2000 Index ETF (IWM), SPDR Dow Jones Industrial Average ETF (DIA))

As Interest Rates Go Up, That Automatically Brings Stock Values Down

As interest rates go up, that automatically brings stock values down.

But I think it is also interesting that the same stock traders that were so worried about what would happen to the stock market if Donald Trump won, the minute he won they just started buying. All they wanted to do was to justify a move up.

People are ignoring that the things they think are going to happen are impossible. (Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ))

The Bond Market Bubble Has Already Bursted

The bond market bubble has already bursted. Interest rates are rising and that is going to compound the problems for an already weakening economy. (iShares Barclays 20+ Year Treasury Bond ETF (TLT), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), iShares Russell 2000 Index ETF (IWM))

The Stock Market is Overvalued

The stock market is already overvalued. Its a bubble! And just because we are going to have some tax cuts and regulatory relief, that does not undo that bubble! (SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), Select Sector Financial Select Sector SPDR ETF (XLF))