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Daniel Greenwood – Chief Investment Officer of Balfour Capital Group. “We are seeing divergences in the global markets. Without question the impact of electricity cost in countries like France, in which the public is being told to rationing electricity, Germany rationing hot water, dimming street lights is obviously not a good sign for the psychology of the markets.”
“Markets are about forecasting psychology, true value , and timing. Institutions and Sovereign Wealth Funds are unloading Gold, and Silver, they simply need liquidity. Obviously alternative investments like Bitcoin, simply aren’t liquid enough .”
“We are reiterating a sell on China, we see the Hang Seng breaking 18,000 , and the European markets like the Dax hitting 11,000, the United States Dow Jones hitting 30,000. The next 60 days with earning coming out will be critical globally.”
