The Market Crashing is Transitory

This the kind of picture that we see on CNBC today. The markets are continuing to crash. I keep asking my friends what their financial advisors are telling them and pretty much all of them are telling me that this is all transitory.

Obviously, I completely disagree. This crash was coming a long time ago. Those who know what is going on have been predicting it for some time now and were laughed at. Now that it is finally happening, they are not surprised but the clueless financial community thinks this is transitory. They have no idea how much worse this will get.

Gold, on the other hand, is soaring. It is up $50 in one day and the miners are going up like crazy. Energold is up almost 4 times in a matter of days. Impact Silver doubled. Goldgroup is just starting to move. The only reason why it didn’t move yet is because there were two big sellers unloading shares that were swallowed by the big shareholders and me.

About Mariusz Skonieczny 62 Articles
Mariusz Skonieczny is the founder of Classic Value Investors.