Friday, April 21, 2017

Crude Oil may already have bottomed

Crude is in the process of making a bottom—it is a complicated bottom—we are going to look back in a few years from now and say that in 2015, 2016 and 2017, crude made its bottoming pattern. I will not sell crude now, especially if Trump is going to throw some more bombs around.

Sunday, April 9, 2017

History has shown that trade wars will not be good for the world economy

If Mr Trump starts trade wars, the whole world’s going to collapse... I mean that’s it – it’s over. History is very clear about that. If he does the other things – cuts taxes, builds infrastructure, brings the money back to the US, gets rid of regulations – the market will like it and the market will go up for a while. I wouldn’t say more than a few months but it would certainly go up for a while. But if he starts all of those other things that he promised us he would do, you should be very worried.

Sunday, April 2, 2017

Scotland leaving the UK

If Scotland leaves the United Kingdom, the British Pound can go to $0.80. The Scots have a lot of Oil and if they leave they are going to take the oil with them. 

Jim Rogers

Warren Buffett

Nouriel Roubini