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I strongly suspect David Hunter's 'prophesy' will be shown correct. I don't really know why; put it down to intuition, for what that will be worth to you. If you find any plausibility in what he is saying you might at least contemplate some precautionary action, as I will be in the new fy. I will be going to 30% cash July/Aug 2020 and considering a short etf position. This is obviously not advice, as I am proceeding on a hunch and what do I know, I am following. I intend to post his most pertinent ongoing tweets here as well as any interesting links to interviews or articles.
He has been saying that the US market is currently in a 'melt up', on the way to an imminent blow-off top (mere months away - September). There will follow a super rapid 'Global Deflationary Bust' wherein the market will lose 80% from the top. This bust will hit everything except the USD and associated treasuries. It will hit even gold which will halve from its +$2,000 USD top - imagine what that will do to gold stocks. The downstroke of the bust will take 12 months and the markets and hard asset values will start to recover a few months later.
There will follow a recovery cycle fuelled by government and central bank 'limitless' intervention - their final interference. Stocks will recover over the remaining years of the 2020's decade, gold will exceed $10,000 USD, other commodities will inflate and there will be an industrial boom, albeit lumbered with enormous but cheaply serviced debt. Everything will be great for asset holders until the late 2020's by which time extreme inflation will have set in, interest rates will have broken out, unemployment and bankrupcies will soar and there will follow a deflationary economic collapse - the final one, where central banks and governments will be helpless and there will ensue a secular depression.
David Hunter on twitter @DaveHcontrarian
He has been saying that the US market is currently in a 'melt up', on the way to an imminent blow-off top (mere months away - September). There will follow a super rapid 'Global Deflationary Bust' wherein the market will lose 80% from the top. This bust will hit everything except the USD and associated treasuries. It will hit even gold which will halve from its +$2,000 USD top - imagine what that will do to gold stocks. The downstroke of the bust will take 12 months and the markets and hard asset values will start to recover a few months later.
There will follow a recovery cycle fuelled by government and central bank 'limitless' intervention - their final interference. Stocks will recover over the remaining years of the 2020's decade, gold will exceed $10,000 USD, other commodities will inflate and there will be an industrial boom, albeit lumbered with enormous but cheaply serviced debt. Everything will be great for asset holders until the late 2020's by which time extreme inflation will have set in, interest rates will have broken out, unemployment and bankrupcies will soar and there will follow a deflationary economic collapse - the final one, where central banks and governments will be helpless and there will ensue a secular depression.
David Hunter on twitter @DaveHcontrarian