Grinch Grandich?

Posted by on November 27, 2017 - 9:14 am

I know, I know, we could be twins!

Well, I’m not going to be called “Grinch Grandich” as previously noted, but I do find this article today most worthy to dare suggest reading during the “Don’t Worry, Be Happy” crowd’s most “Holy Days.”

Make no mistake about it, Bitcoin is now fully parabolic. It could blow up today, or double or triple; but make no mistake about it, it’s a bubble.

But Bitcoin is nothing compared to the biggest bubble of them all – shorting the VIX. If I didn’t find Jesus both spiritually and investing-wise, I would be screaming from the rooftops to go long the VIX. But since I now call myself a “former” Wall Street Whiz Kid (anyone who makes and loses millions not once but twice, should never be called a whiz of anything), I’ll just go back to my foxhole and await the outcome.

P.S. And despite being long-gold and feeling like the “Maytag Repairman” in my bullishness for it, my confidence that gold is in the earliest stages of a new bull market that will reach new, all-time nominal highs by 2020 (if not sooner) has increased. 

Posted in: Matters of Finance, News
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