PartTimeGenius

$BITCOIN $GOLD $(BULLISH!) - $SPY $DOLLAR (BEARISH!) 2020 Vision

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AMEX:SPY   SPDR S&P 500 ETF TRUST
Team, Welcome to another overview of the long term landscape of the Economic markets. We first went officially bearish on the the overall market at the just before August (you can see our post from JULY 30th) and although nothing seems to have happen yet, I just want to say that NOTHING HAS CHANGED *** WE STILL HAVEN'T SIGNED A TRADE DEAL *** (STILL BEARISH!).


* TAKE AWAY FROM POST: We're expecting to see
  • A Weaker Dollar (CALL FROM OCT 20th)
  • A Rise in Gold Prices (CALL FROM OCT 20th)
  • A significant market pull back (CALL FROM OCT 20th)
  • A NEW SURGE IN BITCOIN /CRYPTO assets (NEW CALL)

The calls made in OCTOBER,
We're now starting to see the weaker dollar play out and expect this trend will continue.

A rise in GOLD prices, we believe this is just the beginning and that this trend will boost gold prices as equities fade.

Significant market pull back Equity pull back, this has been a very resilient trend; however, we still see many of the same issues we saw when we first went bearish and many more and other simply deteriorating despite everything you might have heard from the Media or Trump himself. For instance

*WE STILL HAVEN'T SIGNED A TRADE DEAL (not a phase 1 or whatever you wanna call it, we still have to wait til JAN 15th (for now))
*FEDs pledging to add over $2 Trillion into the market
*PMI numbers are still crumbling
*The Un-inversion of the yield curve
*CEO Vacancies
*Continued Selling in the broad market (Although this hasn't started showing up in prices yet, makes you wonder who's buying???)

Finally, our new call is BITCOIN
We believe that a new bull phase of crypto assets has started based on our cycle and expect this cycle to go all the way through to DEC 2021.
We are also strong believers in blockchain technology and the role it will play shaping our world moving forward.

And as always...
***Let's talk about it...***

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