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Bill Blain’s Morning Porridge/8-17-2020
“Something feels… very unreal about current market levels. … Therefore, I’d stick with an investment strategy that plays both to the promises of Central Bank “whatever it takes” market support, alongside building a clear Risk-Off base. (Basically – the strategy is to arbitrage Central Banks juicing markets while preparing your bunker for the market equivalent of nuclear winter…) “
USAGOLD note: Blain echoes what many are thinking these days – dance with the stars but be sure to hedge your bets. It’s all about maintaining the proper balance. He ends with some thoughts on the upcoming election saying “It’s noise – but its important noise as its likely to dominate the next 78 days.”