The Entire World Is Being Turned Upside Down In 2014
January 27, 2014
On the heels of unprecedented actions being taken across the globe, today a 40-year market veteran sent King World News which warns that the whole world is being turned upside down in 2014. He also discusses how savvy investors are positioning themselves ahead of the coming turmoil. Robert Fitzwilson, who is founder of The Portola Group, put together the following tremendous piece below exclusively for King World News.
By Robert Fitzwilson of The Portola Group
January 27 (King World News) – The Entire World Is Being Turned Upside Down In 2014
January is continuing to produce a mirror image of the start to last year. From January 1st to January 24th in 2013, the popular equity indexes rose between 4% and 6%. The Amex Gold Bugs Index, the HUI, fell 8% and gold slid 1%. The divergence between asset classes was quite striking.
For the same time period in 2014, the divergence has been equally striking. The HUI has risen 11%, while the popular indexes are off between 1% and 4%. Gold has also generated a respectable 5% return….