Milton Berg: I Have Evidence Market Has Likely Bottomed | Why Milton’s Long Semis, Korea, Nasdaq, and More (With Caveats), and Why He Thinks Gold has made a Multi-year Top – Monetary Matters with Jack Farley

Milton Berg: I Have Evidence Market Has Likely Bottomed | Why Milton’s Long Semis, Korea, Nasdaq, and More (With Caveats), and Why He Thinks Gold has made a Multi-year Top – Monetary Matters with Jack Farley — Transcript

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Jack

I am joined once again by Milton Berg of MB Advisors and Milton Berg Edge. Milton is one of the greatest market technicians alive, and he focuses on a lot of things that most technical analysts don't follow. So he's mostly not looking at charts. He's looking at data. He's looking at turning points. Milton, it's great to see you again. Welcome back to monetary matters.

Milton

Thank you, Jack. Nice to be back. We had a nice meeting last time, February 5, right after gold peaked. And now we have a good meeting because it looks like stocks may have bottomed. At least the semiconductors and the cost may have bottomed after really sharp declines. Let's see.

Jack

Yep. You had a great call when you identified the top in in gold and silver. I believe you actually sold your your personal precious metals the day Day

Milton

before the high. Actually, day of the high.

Jack

Day of the high. Day of the high. So, Milton, I know you got a lot of buy signals in early April. We will get into that over 30 buy signals with median projections of between 8,000 and over 10,000 on the S and P. We will get into that in a moment, Milton. But first, where do things stand right now? Oh, tell us about the panic low you saw in July 29, the potential bull readings you see right now, potential readings you see now, and to to what degree your confidence, and why in your various portfolios and model portfolios you are positioned the way you are. So what's your frame what's your posit

Milton

Okay. Well, currently, we're positioned a 100% long. This is our positioning. EWY is a KOSPI index. We're positioned five percent long KOSPI.

Jack

Korea.

Milton

Korea, right? We're positioned not nearly 10% long. The Russell 2,000, 5% long, the S and P mid caps, 10% long, the NASDAQ 100, 20% long, the stocks and 49, nearly 50% long, the S and P 500 through the spy. I'm pointing out, we just positioned long on July twenty ninth and thirtieth because we were short until then. So we actually covered our shorts the day of the low, day after the low and went long. So that's really our position currently. It's really diversified, mainly, you know, in the stocks is an index that lost some over 20%. We'll get to that in a minute. The, and KOSPI of course was

Jack

And

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