Our guest notes he is a "Real gold bull... haven't been this bullish on gold in 34 years."
Expect a new record gold price to unfold in less than two years.
His service was one of a few to warn US equities investors of the recent plunge, weeks in advance.
Peter Grandich advised readers / subscribers of, "The most precarious stock market conditions in his 34 years on Wall Street," noting further that he added short positions in US shares.
The current equities index price rebound may be short-lived; investors are advised to batten down the hatches and prepare for continued rough seas.
Inflation fears are a growing concern to stock / bond markets, encouraging further investment in underpriced safe haven assets.
Heavyweight financial institutions, such as pension / endowment funds, are significantly under-invested in PMs, by less than half of one percent (Barisheff, 2013).
A tidal wave of demand will inevitably pour into the safe haven assets.
Fund managers should feel compelled to fulfill their fiduciary responsibility to shield their clients retirement accounts from impending market exposure.
Seth Klarman notes in the must read, Margin of Safety; just as Roman architects were obliged to stand underneath their constructions as the final scaffolding was removed.
So should money managers should be compelled to insure the safety of their clients funds via precious metals exposure.
Arch Crawford, head of Crawford Perspectives, continues to caution US equities investors that the correction could continue in 2018.
His analysis indicates summer could present the most market volatility. The opening salvo began with the Carillion fiasco in the UK (figure 1.1.).
The British construction behemoth was the most shorted company at the time, which promptly plunged into bankruptcy recently.
The collapse of Carillion shares from $300 to $14 represents a 95% plunge.
The disaster cost investors hundreds of millions in losses, and will result in thousands of much needed jobs in the UK.
What if the entire mess was avoidable, months in advance?
A new 52 week low registered on the chart and price entered a pronounced downtrend, under both the 50 / 200 period moving average.
According to Nassim Taleb’s Anti-Fragile and my Enhanced MPT via Bayesian Analysis, 100% of investors / employees / contractors would be advised and encouraged to purchase puts.
The recent 95% collapse of the short volatility ETF (XIV) caught many investors off guard, as volatility soared over 100% in a single week (figure 1.1.).
Arch Crawford notes a 5 year bottoming pattern that could lead to new highs in the PMs as soon as this year.
Current themes in artificial intelligence, robotics and related technologies are examined via intriguing real-world examples.
Guest Bios
Arch Crawford
Stockmarket Cycles
Arch Crawford cut his technical analysis teeth as first assistant to top Wall Street technician Robert Farrell at Merrill Lynch in the early 1960s. In 1977, following Arch’s extensive research into astrophysical phenomenon, astrology and its correlation to market performance, he edited and published the premiere issue of Crawford Perspectives market timing newsletter.
Today, nearly 40 years later, Crawford Perspectives continues to bring readers one of the most highly regarded and consistently accurate market timing newsletters available.
About Peter Grandich Managing Member, Grandich Publications, LLC.
With no formal education or training, Peter Grandich entered Wall Street and within three years was appointed Vice President of Investment Strategy for a leading New York Stock Exchange member firm. He was the editor and publisher of four investment newsletters, and appeared on national TV and radio over 400 times.
Labeled the Wall Street Whiz Kid, Grandich gained national notoriety by being among the very few who not only forecasted the 1987 stock market crash just weeks before it happened, but on the very next day he predicted that within a year the market would reach a new all-time high which it did. Proving his 1987 forecast was no fluke, Mr. Grandich said in January 2000 that the year 2000 will go down as the year the great mega bull market of the 80s and 90s came to an end.
He speaks at numerous major investment conferences worldwide and was awarded Best Speaker Award eight times by the International Investors Conferences.
Grandich is the founder and managing member of Grandich Publications, LLC. Grandich Publications publishes The Grandich Letter. First published in 1984, it provides commentary on the mining and metals markets. In addition, the company also provides a variety of services to publicly-held corporations on a compensation basis.
In addition, Grandich is a member of the National Association of Christian Financial Consultants, and a long-standing member of The New York Society of Security Analysts and The Society of Quantitative Analysts.
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