February 28, 2020 | What Event Last Summer Predicted This Week’s Market Plunge?

Bob Hoye has been in investment business for some 50 years, making him one of the more experienced researchers. His historical work has been thorough providing the first recognition of the fascinating transition from speculation in commodities to speculation in financial assets. It was controversial when Bob observed that “No matter how much the Fed prints, stocks will outperform commodities”. In January 2000, the research team concluded that the Dot-Com Bubble would peak in March 2000. In early 2007, the team outlined that the credit markets would reverse in May-June 2007. They did and the stock market followed. The latest was the call in early October for the Bitcoin Bubble to complete in December. Bob’s essays and speeches on political change and on actual climate change have been widely circulated.
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Bob Hoye Archives February 28th, 2020
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I was hoping Bob would discuss the counter cyclical quality of precious metal miners. They were hit just a short while after the main markets dropped, but that would have been temporary as traders release funds to pay the margin clerk.
I am watching the s&P:GDX ratio to find an entry point into miners.
Does Bob agree with this tactic, and does he expect the gold miners to retest Friday’s low? Please thank Bob for his continued valuable insights.
John Fuller, Liverpool, England
Question for Bob:
With a further decline in the major markets, are you predicting a similar decline in the gold mining stocks despite the price of gold??
I see that the GDX dropped sharply with the markets and then bounced back with the S&P.
What will be the signs that an actual sustained bull market in the mining stocks has begun that will not just follow the major markets?
Thanks.