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December 11, 2020 | Markets in Asia are Red Hot
Bob Hoye
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.
Do Gold Miners have bad spending habits?
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Bob Hoye Archives December 11th, 2020
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Hi Jim. Bob, I have a question. It looks like we are experiencing a blow-off top in equities and I’m waiting for that black swan to show up. This market bubble reminds me of a carnival game where kids try to pop the balloon with a pop gun. As I “read the tap” this morning, that Rolling Stone’s song “Gimme Shelter” starts playing in my mind. Particularly the lyrics: “Ooh, a storm is threat’ning / My very life today / If I don’t get some shelter / Ooh yeah, I’m gonna fade away.” Bob, Is the market top “Just a shot away” and, if so, how do we find “shelter” so that our portfolios don’t “fade away”?
I have two questions for Bob. Pearl Harbor Day came and went this year without anyone noticing; instead, everyone seems to be caught up in this vaccine-induced market euphoria. The only mention of Pearl Harbor this year seems to be in regard to the sinking of the US dollar. The short sellers are torpedoing the USD with record shorts. Bob, is the US dollar about to capsize? Second question: I understand that this is the seasonal period to begin to add to our PM positions. If the dollar, now at multi-year lows, suddenly reverses from here, then will it delay the seasonal advance in the PM sector? Can you see a situation where everything sells off in January as it did in January 2018?