Bizarro World Podcast,
with Nick and Gerardo
Aug. 12, 2024
Is the selloff over?
With volatility spiking to levels only seen before in 2008 and 2020, you don’t want to mess this up.
In fact, the VIX had its biggest single-day move on record.
This isn’t something that goes away overnight.
And it’s something that, while we didn’t know the full extent of it, we had subscribers tuned into and positioned in such a way that they didn’t take the brunt of the force head-on like so many index investors and trend chasers.
Gerardo was discussing woes in the Japanese currency market as a negative market catalyst weeks ago in Investing in Bizarro World.
This week, we talk about how long the selloff can last and other factors that are driving it in the 281st episode of Investing in Bizarro World.
Gold & Gold Stocks Break Out
Assassination attempts and political infighting.
When uncertainty strikes, investors reach for the cold comfort of gold.
It is at an all-time record high price near $2,500 per ounce.
Gold stocks are now breaking out to 52-week highs.
This one is leading the pack and will continue to.
We also talk about where your capital is being rewarded while some sectors and companies are being decimated. For example, I’ve had readers getting bigger in utility and REIT positions since earlier this summer, and they are the S&P’s best-performing sectors of late.
We’ve also still been in a large — and zero-risk — cash position that is yielding over 5%.
We also own gold in multiple forms. And it has been a great performer. Over the past month, gold has hit new all-time record highs above $2,480. December contracts have hit $2,500. It is up 25% over the past year, now outperforming the S&P on an annual, year-to-date, six-month, three-month, and one-month basis. It is bullish with new highs possible.
At Foundational Profits, we’ve had over 10% of our portfolio in gold, which has not only insulated us but is now delivering outperformance.
At Junior Resource Monthly, Gerardo has been telling you to buy this gold stock for months now. It has more than doubled since he shared this info with you. And it also has new highs in the cards not just because of gold prices, but because of an upcoming policy decision. Details here.
That’s what we help you do: Self-manage your portfolio with different strategies that can have you crowing while Wall Street is cowering.
Those topics take up the first half of this week’s podcast.
We also keep you ahead of and informed about emerging market, geopolitical, and policy trends that affect you, your family, and your household’s well-being and bottom line.
That comprises the second half.
We get into changing food, agriculture, and aquaculture trends through the lens of Pepsi earnings, as well as how fish farmers are shooting sea lice with underwater lasers.
And we talk about how politics — including the election — could lead to extended volatility through the fall.
It’s all in the 281st episode of Investing in Bizarro World.
0:00 Intro
2:20 Is the Selloff Over?
8:50 Gold Has Been a Rock
15:20 Commodity Context: Uranium & Copper
23:49 Political Volatility
32:45 Changing Food Industry Trends
47:46 Market Watching: Aftershocks