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The US dollar, gold and the US election

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Steven Saville profile picture

I graduated from the University of Western Australia in 1984 with a degree in electronic engineering and from 1984 to 1998 worked in the commercial construction industry as an engineer, project manager and operations manager. I started investing in the stock market 2 months before the stock market crash of 1987 and thus quickly learned about the downside potential of stocks. A little discouraged by the rather inauspicious timing of my entry into the world of financial market investing, my interest in the stock market has grown steadily over the years. In 1993, after studying the history of money, the nature of our current fiat monetary system, and the role of banks in creating money, I developed an interest in gold. Another very important lesson soon followed: gold may be the ideal form of money for those who believe in free markets and a wonderful hedge against the inherent instability of government-imposed paper currencies, but it is not always a good investment. By mid-1998, the time and money involved in my financial market research/investment had increased to the point where I was forced to make a decision: reduce my involvement in the financial world or quit my day job with day. The decision was actually quite easy to make and so in early 1999 I started investing/trading full time. My major concern in deciding to pursue a career where I devoted all my time to my own investments was that I would miss the personal interaction that had been part of my business management career. The Speculative Investors (TSI) website was launched in August 1999 as a means for me to interact with the world by making my analysis/ideas available on the Internet and inviting feedback from others with similar interests. For the first 14 months of operation, the TSI website was free, but due to the growing popularity of the site, we changed it to a subscription-based service in October 2000. Its popularity continued to grow, although I remained — and remain to this day — a professional speculator who happens to write a newsletter, as opposed to someone whose primary goal is to sell newsletter subscriptions. My approach is “top down”; specifically, I first find out general market trends and then use a combination of fundamental and technical analysis to find individual stocks that could benefit from these broad trends. This approach is based on my experience that it is much easier to pick a winning stock in a market or market sector that is immersed in a long-term bullish trend than to do so against the backdrop of a general downtrend. bear market Fortunately, there is always a bull market somewhere. I have lived in Asia (Hong Kong, China and Malaysia) since 1995 and currently live in Malaysian Borneo.

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