“I am an Austrian believer and say that the magnitude of the decline is proportional to the excess that occurred during the previous boom. I was in 1998, 1999, 2006-early 2007 … it When it breaks, it’s going to break violently. ”
“Currently there is a Biden administration with a Senate and a House of Representatives. They are likely to enact a great many anti-capitalist policies,” he said Friday. “They have already raised the minimum wage. That will hurt their bottom line in terms of cost.”
Known for making bearish bets throughout his career, Tice had his share of misfires. In fact, the AdvisorShares Ranger Equity Bear ETF HDGE Currently he is an adviser, has lost about one-third of its value in the last three months.
However, the fund is designed to profit when the market is hit, and Tice believes that day will come. He said the problem was piled up, whether it was an expensive valuation or perhaps an over-reliance on gaining pandemic control.
“Vaccines aren’t really a panacea,” Tice told CNBC. “We’ve had a lot of optimism about it, but there are new strains of the virus and there are certainly risks in the future.” So what should investors do in this climate? Tice is bullish on gold
“Gold is dramatically undervalued by individuals and portfolio managers,” he said. “I don’t think Bitcoin can be ignored. I’ve seen Bitcoin prices rise from $ 10,000 to $ 40,000, which potentially predicts what will happen with gold. think.”
His comments are as follows:
When the bull market collapses, it “is likely to collapse violently,” warning long-standing bears that investors are overly confident in vaccines.
http://www.marketwatch.com/news/story.asp?guid=%7B21005575-02D4-D4B5-4572-D22457F28549%7D&siteid=rss&rss=1 When the bull market collapses, it “is likely to collapse violently,” warning long-standing bears that investors are overly confident in vaccines.