Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
Risk/Reward in Silver Favors Buying Now, Not Waiting for Big Moves - 23rd Mar 19
Similarities Between Stock Market Today and Previous Bull Market Tops - 23rd Mar 19
Stock Market DOW Seasonal Trend Analysis - 23rd Mar 19
US Dollar Breakdown on Fed Was Much Worse Than It Looks - 23rd Mar 19
Gold Mid-Tier GDXJ Stocks Fundamentals - 23rd Mar 19
Which Currency Pairs Stand to Benefit from Prevailing Risk Aversion? - 23rd Mar 19
If You Get These 3 Things Right, You’ll Never Have to Worry About Money - 22nd Mar 19
March 2019 Cryptocurrency Technical Analysis - 22nd Mar 19
Turkey Tourist Fakes Market Bargains Haggling Top Tips - 22nd Mar 19
Next Recession: Finding A 48% Yield Amid The Ruins - 22nd Mar 19
Your Future Stock Returns Might Unpleasantly Surprise You - 22nd Mar 19
Fed Acknowledges “Recession Risks”. Run for the Hills! - 22nd Mar 19
Will Bridging Loans Grow in Demand and Usage in 2019? - 22nd Mar 19
Does Fed Know Something Gold Investors Do Not Know? - 21st Mar 19
Gold …Some Confirmations to Watch For - 21st Mar 19
UKIP No Longer About BrExit, Becomes BNP 2.0, Muslim Hate Party - 21st Mar 19
A Message to the Gold Bulls: Relying on the CoT Gives You A False Sense of Security - 20th Mar 19
The Secret to Funding a Green New Deal - 20th Mar 19
Vietnam, Part I: Colonialism and National Liberation - 20th Mar 19
Will the Fed Cut its Interest Rate Forecast, Pushing Gold Higher? - 20th Mar 19
Dow Jones Stock Market Topping Pattern - 20th Mar 19
Gold Stocks Outperform Gold but Not Stocks - 20th Mar 19
Here’s What You’re Not Hearing About the US - China Trade War - 20th Mar 19
US Overdosing on Debt - 19th Mar 19
Looking at the Economic Winter Season Ahead - 19th Mar 19
Will the Stock Market Crash Like 1937? - 19th Mar 19
Stock Market VIX Volaility Analysis - 19th Mar 19
FREE Access to Stock and Finanacial Markets Trading Analysis Worth $1229! - 19th Mar 19
US Stock Markets Price Anomaly Setup Continues - 19th Mar 19
Gold Price Confirmation of the Warning - 18th Mar 19
Split Stock Market Warning - 18th Mar 19
Stock Market Trend Analysis 2019 - Video - 18th Mar 19
Best Precious Metals Investment and Trades for 2019 - 18th Mar 19
Hurdles for Gold Stocks - 18th Mar 19
Pento: Coming QE & Low Rates Will Be ‘Rocket Fuel for Gold’ - 18th Mar 19
"This is for Tommy Robinson" Shouts Knife Wielding White Supremacist Terrorist in London - 18th Mar 19
This Is How You Create the Biggest Credit Bubble in History - 17th Mar 19
Crude Oil Bulls - For Whom the Bell Tolls - 17th Mar 19
Gold Mining Stocks Fundamentals - 17th Mar 19
Why Buy a Land Rover - Range Rover vs Huge Tree Branch Falling on its Roof - 17th Mar 19
UKIP Urged to Change Name to BNP 2.0 So BrExit Party Can Fight a 2nd EU Referendum - 17th Mar 19
Tommy Robinson Looks Set to Become New UKIP Leader - 16th Mar 19
Gold Final Warning: Here Are the Stunning Implications of Plunging Gold Price - 16th Mar 19
Towards the End of a Stocks Bull Market, Short term Timing Becomes Difficult - 16th Mar 19
UKIP Brexit Facebook Groups Reveling in the New Zealand Terror Attacks Blaming Muslim Victims - 16th Mar 19
Gold – US Dollar vs US Dollar Index - 16th Mar 19
Islamophobic Hate Preachers Tommy Robinson and Katie Hopkins have Killed UKIP and Brexit - 16th Mar 19
Countdown to The Precious Metals Gold and Silver Breakout Rally - 15th Mar 19
Shale Oil Splutters: Brent on Track for $70 Target $100 in 2020 - 15th Mar 19
Setting up a Business Just Got Easier - 15th Mar 19
Stock Market Elliott Wave Analysis Trend Forercast - Video - 15th Mar 19
Gold Warning - Here Are the Stunning Implications of Plunging Gold Price - Part 1 - 15th Mar 19
UK Weather SHOCK - Trees Dropping Branches onto Cars in Stormy Winds - Sheffield - 15th Mar 19
Best Time to Trade Forex - 15th Mar 19
Why the Green New Deal Will Send Uranium Price Through the Roof - 14th Mar 19
S&P 500's New Medium-Term High, but Will Stock Market Uptrend Continue? - 14th Mar 19
US Conservatism - 14th Mar 19
Gold in the Age of High-speed Electronic Trading - 14th Mar 19
Britain's Demographic Time Bomb Has Gone Off! - 14th Mar 19
Why Walmart Will Crush Amazon - 14th Mar 19
2019 Economic Predictions - 14th Mar 19
Tax Avoidance Bills Sent to Thousands of Workers - 14th Mar 19

Market Oracle FREE Newsletter

Stock Market Trend Forecast March to September 2019

Find Out What Doug Casey Is Buying Today

Stock-Markets / Investing 2015 Oct 21, 2015 - 02:55 PM GMT

By: Casey_Research

Stock-Markets

By Dan Steinhart

Doug Casey was asked to leave the stage…If you’ve never heard Doug speak, you should. His controversial opinions always rile up the room. This time was no different…

The founder of Casey Research opened our ninth annual Casey Research Summit this weekend in Tucson, Arizona, with a lively talk about “the perversion of words.”


Longtime Casey readers know that Doug insists on precisely defining words. “If you can’t define a word,” Doug says, “then you actually don’t know what you’re talking about. Imprecise language leads to sloppy thinking.”

That’s why Doug was fired up to talk about the perversion of language in the United States…

•  Doug said politicians have tried to change the definition of certain words…

“The politicians use these words to control the conversation…and all the monkeys follow along,” Doug said.

“Take the word ‘stimulate,’ as in ‘stimulate the economy,’” he said. “Where did that term come from? It really just means ‘print up money.’ But calling it what it is sounds bad. Politicians don’t want to say ‘print money.’ So they use terms like ‘stimulate’ and ‘quantitative easing’ instead.”

•  Doug also criticized the way politicians talk about healthcare...

“‘Healthcare’ is something you do for yourself. It’s diet, it’s exercise, it’s prudent habits. That’s what gives you health. Your insurance policy, whether Obamacare or something else, can’t maintain your health,” he said.

“The political classes say ‘healthcare’ because everyone wants to be healthy. But what they’re really talking about is medical care. Of course, they don’t use the term ‘medical care’ because it sounds scary. You think of anesthesia and doctors cutting into you. This is why it’s so easy to sell health insurance to the average chimpanzee. Everybody wants to insure their health.”

•  And Doug debunked the value of diversity…

If you’ve paid any attention to politics in the last couple of years, you know that diversity is a hot topic. According to many politicians (especially Democrats), it’s extremely important for every race and gender to be equally represented in all areas of life.

Doug has a different view…

“Why do we need diversity? I don’t see why every room has to have a few blacks, a few Hispanics, and be half-filled with women. Birds of a feather usually flock together. It’s perfectly natural to have more of one race or gender in a given situation,” he said.

“I form my friendships not based upon diversity or the lack of diversity. I form my friendships on the basis of peoples’ character. The fact that diversity is a priority today…it emphasizes the entirely wrong thing.”

•  Doug even explained why most people misuse the word “factoid”…

“People use the word ‘factoid’ interchangeably with ‘fact,’” Doug said. “Most people think factoid means a small or insignificant fact. But do you know what factoid actually means? An asteroid is something that looks like a star, but isn’t. An android is something that looks like a person, but isn’t. A factoid is something that looks like a fact, but isn’t. It’s a phony, made-up fact. That’s what the suffix ‘-oid’ means.”

•  Doug also took issue with terms like the “Department of Defense,” the modern definition of “inflation,” and many other words with warped meanings…

Doug was so fired up that his talk went 20 minutes long. Ultimately, the conference planners had to ask him to wrap it up.

The audience, however, enjoyed it quite a bit. They even gave him a roaring round of applause as he left the stage.

•  Later in the day, Doug told Summit attendees what he’s buying and selling right now…

During a panel called Economic Crisis: How to Survive and Thrive, Doug said that gold and most other commodities have likely turned up.

He also said that “there are some real opportunities at this moment” in commodities.

Regular readers know that most commodities are extremely cheap right now. The Bloomberg Commodity Index, which measures 22 different commodities, is at its lowest level since 1999.

Doug told the crowd that he’s made bullish bets on coffee and sugar. Coffee is down 42% in the last year. Sugar is down 16% in the last year…and that’s after a 33% rally since September 1.

•  Marc Faber, known as Dr. Doom for his bearish (and often accurate) forecasts, was another popular speaker…

Faber’s main point was that the U.S. and Europe are in decline.

He predicted that a generation of young people in the Western world will earn less money in real (inflation-adjusted) terms than their parents did. And that they’ll ultimately die poorer than their parents.

Faber put a lot of the blame on central banks’ easy money policies. He said, “Interest rates have never been this low for this long in all of human history. I can’t imagine this will end well.”

Regular readers know that the Federal Reserve cut rates to effectively zero in 2008 to fight the financial crisis. And it’s held rates there ever since. We’ve explained how zero percent interest rates have goosed the prices of stocks, bonds, and real estate…and created an “Alice in Wonderland” economy where everything is expensive.

Faber pointed out another negative consequence of rock-bottom interest rates:

Governments have been able to expand and expand at no additional cost. Since 1985, government debt has gone up more than four times. However, the U.S. government’s net interest rate payments haven’t risen at all.

Faber called asset prices “grossly inflated.” And he predicted that the Fed will launch another round of money printing if the S&P 500 drops 20% from its peak.

•  Doug Casey and Marc Faber teamed up for a Q&A session, pictured here…

Doug Casey and Marc Faber at the Casey Research Summit

During the session, Faber said that precious metals and precious metals stocks are his favorite investments today because “they’re the best bargains right now.”

However, he also said he wouldn’t be surprised to see a final “washout” event in commodities that marks the bottom. Faber even speculated that Swiss mining giant Glencore, a company we’ve written about a lot, could go bust.

•  We can’t possibly cover all the great speakers at the 2015 Casey Summit here…

James Altucher, Gerald Celente, and Richard Maybury also gave excellent talks.

During one panel, several gurus answered the question “If you could only buy one single stock today, what would it be?” This was just one of many times throughout the Summit that attendees got to hear about actionable investment recommendations.

If you missed the Casey Summit, don’t worry…we recorded the whole thing. Attendees paid as much as $1,695 to go to the Summit. But, for just a fraction of that, you can listen in on the entire three-day event. Click here to learn more about ordering the Casey Summit Audio Collection.

Plus, if you purchase the Summit audio today, Stansberry Research has authorized us to give you access to the videos of their conference held last week in Las Vegas. The videos include the keynote address from Dr. Ron Paul, and talks from Porter Stansberry, Steve Sjuggerrud, and several other investment gurus. You can see the full lineup here.

People have paid $249 for access to the Stansberry conference videos. But if you purchase the Casey Summit Audio Collection today, you can access them for free. Click here to learn more.

The article Find Out What Doug Casey Is Buying Today was originally published at caseyresearch.com.
Casey Research Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules