If you missed it, I reached out to some of the smartest minds in the investment world on Friday to find out how they’re trading the “Brexit” referendum.
Today, master speculator (and brilliant political philosopher) Doug Casey weighs in…
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From Doug Casey, chairman, Casey Research: I’m extremely gratified—albeit quite surprised—that this happened. With any luck, it signals a major change in political trend, rhyming with the rise of Trump in the U.S. and the election of Macri in Argentina.
It could be this is also the pin that pops the worldwide asset bubble… almost everything is down except for gold and silver.
We’re exiting the eye of an economic hurricane… and the trailing edge of the storm is going to be much worse, much different, and much longer-lasting than the leading edge.
What to do now? Stay long precious metals. Go short most stocks… and especially bonds. Stay away from real estate. Look to go long almost all agricultural commodities.