Stock Market Update. InvestWithAlex.com January 27th, 2014

Daily Chart January 27 2014

Summary: Continue to maintain a LONG/HOLD position. 

1/27/2014 – Another down day for the market with the DOW being down 41 points or (-0.26%). The NASDAQ was down 44.5 points or (-1.08%) as it played catch up closing the divergence gap mentioned here last week.

Overall, the short term trend is down, while the long term picture remains bullish. We did identify December 31st, 2013 as the major turning point and the beginning of the bear market that should take us into the 2017 lows.  Yet, we must first wait for a technical confirmation before reversing our long/hold position and going short.

Short term, the market could experience further weakness, before reversing and closing before mentioned gaps in the 16,400 range.  

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The Secret To Becoming A Great Investor

InvestWithAlex Wisdom 14

 

Today’s 5 Minute Podcast Covers The Following Topic: The Secret To Becoming A Great Investor  

    • The secret is finally revealed.  
    • The tools you will need. 
    • The number one thing you must posses. 
    • How long will it take before this approach makes you very wealthy? 

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Jim Rogers On Gold

Daily Ticker Writes: Jim Rogers Forecasts a Drop to $900

gold2 investwithalex

Commodities investor Jim Rogers tells The Daily Ticker that gold, having lost its luster as a safe haven, could drop to $900 or $1,000 in the next 1-2 years. Longer term, he has a very different forecast. Gold will soar to “well beyond $1,900 an ounce,” topping its record $1,920 high reached in September 2011, says Rogers, author of Street Smarts: Adventures on the Road and in the Markets. The reason: “massive currency debasement” around the world. “Every major central bank in the world is printing a lot of money plus war, chaos, riots in the street, governments failing,” says Rogers.

Despite that forecast, Rogers warns investments not to consider gold – or any other investment — safe. “I would never use the word ‘safe’ when I’m speaking about investing.”

There are only a few investors that I listen to when they speak. Jim Rogers is one of them. A brilliant and very interesting guy.  So, when he says something you better listen. I highly recommend that you click on the link and listen what he has to say. The video is just 2 minutes long. 

My stock market timing work kind of confirms his thesis on gold. I already talked about gold in one of my previous posts CLICK HERE and the fact that I don’t really understand it or know how to value it properly.

Jim mentions that he anticipates gold to decline further over the next few years to shake out the bulls before resuming its bull market due to currency debasement and inflation. My work confirms this as a highly probably scenario. 

As the markets and the economy decline over the next few years in a deflationary environment, so should the gold.  As we bottom in 2016 and begin the inflation cycle I talked about before, gold should start appreciating. Perhaps significantly. Just my two cents. 

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