I am now bearish on gold because the bulls are bullish for all the wrong reasons, and the price action is supporting my position. In my opinion, gold is being supported by pillars of sand - 19 in total - and the tide is coming in.

Everyone and their mom is expecting long-term interest rates to rise now that the Fed is tapering its bond buying programs. I have a couple of problems with this line of thinking because, although it seems like reducing demand for a security (i.e. tapering QE) would result in a drop in price, when you really think about how quantitative easing works this makes no sense and, secondly, the market is telling us this makes no sense. Let me explain.

Gold has a long and impressive record of warning of trouble ahead in the global economy. It has usually been right in the past — and it is telling us right now that the outlook is much less secure than the market assumes. You ignore it at your peril.

Now marketing himself as a “rogue economist,” Harry Dent is forecasting “gold down to $750 an ounce, housing down 35%, oil down to $10 a barrel, the Dow down to 6,000, [and] a war between inflation and deflation” this year. His swami-like predictions in the past have been truly dreadful but, unlike most of his ilk, Dent has perhaps offered something actionable, if not in the way he intended. Let me explain.

Canada’s housing market is the most expensive in the world - 60% overvalued by historical standards - and one simple reason explains it.

Most people deal in the present, rarely questioning the future beyond what they consider to be the very next event. The great majority of people...cannot imagine...a disastrous collapse as being in any way possible because surely, somehow, the governments of the world will fix things. The number of people whose eyes have been opened seems to be growing, however, and many of them are asking what the collapse will look like as it unfolds. What will the symptoms be? Here is how we see it.

The Canadian housing market is headed for a significant bust, in my view. It's going to be a repeat of the 2008 mortgage bubble deflation. Only it's happening to the north. People will lose a lot of money but those who understand and are properly positioned may gain fortunes.

Some of the most respected prognosticators in the financial world are warning that what is coming in 2014 and beyond is going to shake America to the core. Many of the quotes that you are about to read are from individuals that actually predicted the sub-prime mortgage meltdown and the financial crisis of 2008 ahead of time so they have a track record of being right. Does that guarantee that they will be right about what is coming in 2014? Of course not. In fact, as you will see below, not all of them agree about exactly what is coming next but, without a doubt, all of their forecasts are quite ominous.

It appears that the American economy — capital management division — has found the long-wished-for magic alternative energy source: horseshit. It is fueling the conversation all over the Web and over the senile mainstream media megaphones. [Let me explain.]

With the stock market up over 20% since we forecast in July, 2012 that we would see the Dow at 20,000...[by the end of the] decade, our forecast seems less ambitious than back then. US stocks are not overpriced or overleveraged, and remain more attractive than at prior peaks. As such, based on current conditions, we now project that...the Dow will reach 20,000 by late 2018.