- Bo Polny: Stocks Cut in Half & Gold Doubles in 2016
by Greg Hunter’sUSAWatchdog.com (Early Sunday Release)
Market cycle analyst Bo Polny says stocks are going to take a beating, and gold is going to shine in 2016. Polny contends, “What we’ve seen happen so far in gold is just a warm up. We are not even close to see movements in gold, this is just the start. . . . What’s coming is a transfer of wealth. When you are looking at a transfer of wealth, it means a huge financial shift in the landscape. . . . You are going to have the stock market crash this year of a minimum of 50% . . . and gold will double. A $5,000 stock investment, after it is cut in half, will only buy you one ounce of gold that will be $2,500, and that will happen this year.”
Polny says the timeline is “between now and October of this year.” The crash will happen long before October, and Polny goes on to explain, “When you have a falling or crashing stock market, it is really a loss of faith, and the crash will complete the cycle. These cycles go back hundreds of years. . . . This cycle is a currency cycle, and it ends with a cycle low in the year 2016. This is a currency cycle. When this currency cycle completes, gold becomes money again . . . it always was money. The world will always run to gold because it is money, and it is the only money that has been around for 5,000 years. . . . Gold will restore the balances that were destroyed all these past years.
Polny says don’t look for safety in the bond market. Polny explains, “When the markets crashed in 2007 to 2009, the world bought dollars and bonds because they were security. That’s what happened last time and you were protected, and it wasn’t as bad as it could have been. Now, let’s go to this cycle. What happened in August? Stocks crashed, and what did the dollar do? It crashed with the stock market. That was how assets both fell together, and they are both paper. That was not supposed to happen, and it did not happen in 2007. The same thing happened in December. When you look at the dollar, and you are looking at a market collapse and a massive crash . . . the dollar will not be a safe haven.”