Why is Morgan Dollar numismatic value dropping?

I'm not seeing that, but I wouldn't bet big against it.

Oh, wait, I guess I actually am betting big against it, by not selling everything now. Okay, then.

 

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Look him up. Brilliant Dutchman that has determined algorithms for most things, including wars. He called the $1900 top on gold in 2011 within a coyple of days, and $5 when it was in the $600 range.

 

On the DJIA ????

That's a loss equating to the 1929-32 collapse. That was a multi-year collapse in GDP; this is at worst 1-2 quarters of negative GDP growth.

Goldman forecast a 25% (!!!!!!!!!!!!!!!!) drop in real GDP in Q2. There are no quarterly data prior to 1947, but the real GDP fell 13% in 1932, the 3rd consecutive year of negative real GDP growth. Nominal GDP fell even faster -- about -23% (because prices fell faster).

We had 4 consecutive negative years of GDP growth and a collapse of 25% in real GDP and 50% in nominal GDP. Nothing like that now, so I think the lower bound is the 2008 Financial Crisis.

That's the "worst case" -- I can make a case we are bottoming here or S&P 2,000.

Or not........

 

P.S. ...nominal GDP eclipsed the 1929 high by 1936; real GDP did so in 1941.

So again.....an 89% loss in the DJIA is simply not justified unless you are looking at economic apocalypse until 2025 or so.

 

How many companies are not going to survive the shutdown? Too many variables we can't even see or image right now.

We don't know what we don't know.

 

People that predict collapses year after year after year can eventually get lucky and be right. Same is true if you make enough predictions hoping something sticks to the wall.

 

I need to see this guy's track record on an annualized basis.

I know people who called The Crash in 1987 and over a few years their track record stunk. You would have been better off being fully invested DURING the Crash than following their advice.

 

Quick search showed he'd been predicting this since at least 2014 and has had some other gems with a return to the gold standard with 60k an ounce gold. Even claimed he's never been wrong before about markets.

https://finance.yahoo.com/news/charles-nenner-whos-warning-market-230034490.html

Not someone I pay any attention too

Edited to add that link is from 2014 just to see how long the claims were made

 

He's a fraud.

 

https://www.businessinsider.com/2009/2/never-wrong-charles-nenner-was-a-bull-in-2008