ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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ajtj99

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To: The Ox who wrote (74320)	12/1/2022 2:49:09 PM
From: Lee Lichterman III	2 Recommendations Read Replies (1) of 97958

I kind of agree with most of what he said. I haven't fleshed through everything yet but I did mention yesterday I'm leaning towards being heavy defensive industry next year. It's looking like we are heading towards a wide spread global recession next year and that usually leads to instability and governments trying to divert attention away from the economy to some poor random enemy. Onshoring/nearshoring plans, currency wars etc will make playing the metals complicated so not sure where I stand on them yet. One concern I do have is now that Biden militarized the dollar as the reserve currency, will China proceed with the rumored replacement. There has been a lot of gold accumulation this year by both China and Russia. India was also a big buyer. They could be gearing up for a dollar competitor. OPEC would likely play along. Even if I'm wrong, there already have been two 10 billion dollar contracts announced recently for Qatar and Taiwan. Add in Ukraine needs and there should be enough revenue stream for a while.

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