-
Tog Wajale E.R.
- Member+
- Posts: 9947
- Joined: 31 Oct 2019, 15:07
-
Tog Wajale E.R.
- Member+
- Posts: 9947
- Joined: 31 Oct 2019, 15:07
Re: Mighty Amara People, ABEN, ASRAT Media & Mighty Orthodox Christianity Are Evolving In Ethiopia!!!
All markets, even gold, are about to crash says investor in all cash
David Lin David Lin
Tuesday September 29, 2020 11:04
Kitco News
Markets will see a major correction soon, most likely before the presidential election, said Clem Chambers of InvestorsHub, who has allocated all his holdings into cash.
“I got a warning from the market about ten days ago…so I cleared the decks because I think it’s highly likely, not absolutely certain, but too likely to be in the markets that we’re going to be in for a crash,” Chambers told Kitco News. “Normally before a crash, I experience what I call a market malfunction where my portfolio just doesn’t behave as it should.”
Chambers added that he has a 65% to 70% certainty of a market selloff of over 25% happening in the coming weeks, and under such conditions, it’s best not to be long on particular equities.
“It’s like a piano falling out of a window, you just don’t want to be under it,” he said.
Under such a “flash crash” scenario, most assets have a positive cross-correlation and tend to fall together.
“When it happens, there will be so many margin calls that pretty much all assets are going to get smacked, just as they did in the crash earlier in the year. Gold got smacked, crypto go smacked, it all got smacked because when the market crashes, it’s the people that get margin calls that get causes the knock-on vicious circle,” he said.
Under normal market scenarios where a major market sell-off is not expected, Chambers would recommend an equal allocation of 33% cash, 33% stocks and 33% gold and cryptocurrencies.
On the economy, the full effects of the pandemic have not yet been felt, and the increased money supply from quantitative easing is going to drive up prices and create inflation.
“We’ve got a massive deficit situation where governments can’t afford their budgets, and that’s an absolutely textbook example of what creates hyperinflation, let alone inflation, it’s when governments can’t cover their budgets, they just print money. We’re seeing the beginnings of that, not the end,” Chambers said.
By David Lin
For Kitco News
Contact [email protected]
www.kitco.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Our Community
3,399 Comments posted on Kitco this month
Comment
AdChoices
Sponsored
AdChoices
Sponsored
Conversation
47 Comments
Your Username
Log In
Your Username
Newest
OrangeTree
4m ago
All the banks and big players bought whatever gold the people had during covid , now they want to sell it back to you at 1,500 an ounce ------ suuurree. Yeahhh... Players dont buy at 1700 to sell at 1900 , they sell at 2,000+ , else they just keep it in the safe , heaven knows there isn't much of it , you know -- the actual metal!!!! Yep... 2,000+ soon...
Reply
ferux
9m ago
A safe haven portfolio with 100% cash. The guy is nuts !
Reply
BlueScooter
31m ago
Let's check the 5hit indicator - Give a 5hit [--------------------------------------------<|>--] Don't give a 5hit
Reply
no market
1h ago
There is no "market". The casino crashes itself when it wants to crash itself. Market forces don't exist. Only casino interventions exist.
Reply
Tim Janssen
1h ago
OK, a market crash is in the offing but where are investors going to turn? Precious metals and/or bitcoin, that's where.
Reply
PurpleRaindrop
1h ago
markets are artificially propped up right now with all the Stimulus money. I agree I see another crash coming. I also think the silver and gold premiums will just be larger when it does crash again. I’m still buying physical. More free money coming in soon
Reply
linda569
PurpleRaindrop
1h ago
Change Your Life Right Now! Work From Comfort Of Your Home And Receive Your First Paycheck Within A Week. No Experience Needed, No Boss Over Your Shoulder... Say Goodbye To Your Old Job! Limited Number Of Spots Open... Find out how HERE!...................easyrox.com
Reply
don't know
1h ago
33 for eyes that see
Reply
GreenBike
3h ago
Cash is handy to have during these times as it allows you to buy good deals, fast. Not only in gold, silver, stocks, etc, but items you can flip and resale at 2-3 times (or more) what you paid for it due to a desperate seller can easily net you more cash during these times. Pawn shops seem to be full and frequently there are people selling whatever they can find and in those cases, cash is king.
And having cash on hand for emergency use also provides a nice peace of mind. But with inflation and potential hyper inflation on the horizon don't hold on to too much cash, especially for too long.
Reply
MadJoe
GreenBike
2h ago
So what do you suggest we hold on to other than cash for long term?
Reply
Show 1 more replies
It's trew
3h ago
David Lin has that look that he wants to punch this guy in the face so bad he can't concentrate on what he's saying.
Reply
GreenBowtie
3h ago
Bring it on, make sure you let that physical market of gold and silver move in line with the paper one:I'm ready!
Reply
Show More Comments
TermsPrivacyFeedback
Kitco
Home
All Metal Quotes
Charts & Data
Markets
News
Commentaries
Mining
Connect
About Us
Kitco Media
Careers
Contact Us
Advertise With Us
Tools
Kitco Gold Index
Interactive Gold Chart
Bitcoin in USD
Currency Converter
ScrapIt!
Mobile Application
Site Map
Online Store
Be Informed of our special offers, alerts and news.
SIGN UP
David Lin David Lin
Tuesday September 29, 2020 11:04
Kitco News
Markets will see a major correction soon, most likely before the presidential election, said Clem Chambers of InvestorsHub, who has allocated all his holdings into cash.
“I got a warning from the market about ten days ago…so I cleared the decks because I think it’s highly likely, not absolutely certain, but too likely to be in the markets that we’re going to be in for a crash,” Chambers told Kitco News. “Normally before a crash, I experience what I call a market malfunction where my portfolio just doesn’t behave as it should.”
Chambers added that he has a 65% to 70% certainty of a market selloff of over 25% happening in the coming weeks, and under such conditions, it’s best not to be long on particular equities.
“It’s like a piano falling out of a window, you just don’t want to be under it,” he said.
Under such a “flash crash” scenario, most assets have a positive cross-correlation and tend to fall together.
“When it happens, there will be so many margin calls that pretty much all assets are going to get smacked, just as they did in the crash earlier in the year. Gold got smacked, crypto go smacked, it all got smacked because when the market crashes, it’s the people that get margin calls that get causes the knock-on vicious circle,” he said.
Under normal market scenarios where a major market sell-off is not expected, Chambers would recommend an equal allocation of 33% cash, 33% stocks and 33% gold and cryptocurrencies.
On the economy, the full effects of the pandemic have not yet been felt, and the increased money supply from quantitative easing is going to drive up prices and create inflation.
“We’ve got a massive deficit situation where governments can’t afford their budgets, and that’s an absolutely textbook example of what creates hyperinflation, let alone inflation, it’s when governments can’t cover their budgets, they just print money. We’re seeing the beginnings of that, not the end,” Chambers said.
By David Lin
For Kitco News
Contact [email protected]
www.kitco.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Our Community
3,399 Comments posted on Kitco this month
Comment
AdChoices
Sponsored
AdChoices
Sponsored
Conversation
47 Comments
Your Username
Log In
Your Username
Newest
OrangeTree
4m ago
All the banks and big players bought whatever gold the people had during covid , now they want to sell it back to you at 1,500 an ounce ------ suuurree. Yeahhh... Players dont buy at 1700 to sell at 1900 , they sell at 2,000+ , else they just keep it in the safe , heaven knows there isn't much of it , you know -- the actual metal!!!! Yep... 2,000+ soon...
Reply
ferux
9m ago
A safe haven portfolio with 100% cash. The guy is nuts !
Reply
BlueScooter
31m ago
Let's check the 5hit indicator - Give a 5hit [--------------------------------------------<|>--] Don't give a 5hit
Reply
no market
1h ago
There is no "market". The casino crashes itself when it wants to crash itself. Market forces don't exist. Only casino interventions exist.
Reply
Tim Janssen
1h ago
OK, a market crash is in the offing but where are investors going to turn? Precious metals and/or bitcoin, that's where.
Reply
PurpleRaindrop
1h ago
markets are artificially propped up right now with all the Stimulus money. I agree I see another crash coming. I also think the silver and gold premiums will just be larger when it does crash again. I’m still buying physical. More free money coming in soon
Reply
linda569
PurpleRaindrop
1h ago
Change Your Life Right Now! Work From Comfort Of Your Home And Receive Your First Paycheck Within A Week. No Experience Needed, No Boss Over Your Shoulder... Say Goodbye To Your Old Job! Limited Number Of Spots Open... Find out how HERE!...................easyrox.com
Reply
don't know
1h ago
33 for eyes that see
Reply
GreenBike
3h ago
Cash is handy to have during these times as it allows you to buy good deals, fast. Not only in gold, silver, stocks, etc, but items you can flip and resale at 2-3 times (or more) what you paid for it due to a desperate seller can easily net you more cash during these times. Pawn shops seem to be full and frequently there are people selling whatever they can find and in those cases, cash is king.
And having cash on hand for emergency use also provides a nice peace of mind. But with inflation and potential hyper inflation on the horizon don't hold on to too much cash, especially for too long.
Reply
MadJoe
GreenBike
2h ago
So what do you suggest we hold on to other than cash for long term?
Reply
Show 1 more replies
It's trew
3h ago
David Lin has that look that he wants to punch this guy in the face so bad he can't concentrate on what he's saying.
Reply
GreenBowtie
3h ago
Bring it on, make sure you let that physical market of gold and silver move in line with the paper one:I'm ready!
Reply
Show More Comments
TermsPrivacyFeedback
Kitco
Home
All Metal Quotes
Charts & Data
Markets
News
Commentaries
Mining
Connect
About Us
Kitco Media
Careers
Contact Us
Advertise With Us
Tools
Kitco Gold Index
Interactive Gold Chart
Bitcoin in USD
Currency Converter
ScrapIt!
Mobile Application
Site Map
Online Store
Be Informed of our special offers, alerts and news.
SIGN UP
-
Tog Wajale E.R.
- Member+
- Posts: 9947
- Joined: 31 Oct 2019, 15:07
-
Tog Wajale E.R.
- Member+
- Posts: 9947
- Joined: 31 Oct 2019, 15:07
-
Noble Amhara
- Senior Member
- Posts: 11717
- Joined: 02 Feb 2020, 13:00
- Location: Abysinnia Highlands
Re: Mighty Amara People, ABEN, ASRAT Media & Mighty Orthodox Christianity Are Evolving In Ethiopia!!!
Ante Bantu Facebook arbegna when will you shutdown your camera before you embarrass the whole ethnicity’s ante woregna
-
Tog Wajale E.R.
- Member+
- Posts: 9947
- Joined: 31 Oct 2019, 15:07