"Kip's VRA financial newsletter is a MUST read for every saavy investor in this country. Disregard it at your own peril. His mantra is my mantra. Kip Herriage's newsletter is my financial Bible."

--Wayne Allyn Root
2008 Libertarian Vice Presidential candidate
Author, "The Conscience of a Libertarian"

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Journal Archive
Twitter: @kherriage

Tuesday
Sep112018

VRA Update: 9/11/01. 17 Years Later, We Still Need Answers.

Today marks 17 years since 9/11/01. Like most, I was in shock in the weeks/months that followed the attacks. Then I saw this picture, with an article signed by several hundred scientists that (engineers, architects) that raised serious doubts as to the official story (the list of expert signatories at ae911truth.org has since grown to more than 3000).

What exactly caused 267 stories (WTC 1, 2 and 7) of steel beams to melt, with concrete pulverized in mid-air, as each building exploded/imploded at free fall speed, into their own footprints?

I have posted the following VRA Update each year, beginning a decade ago (modified each year with updated statistics/facts):

As human beings, we will never be able to agree on everything. When it comes to topics surrounding investing, politics, religion, etc., we each have our own viewpoints and belief systems…just as it should be.
Now…five years following the atrocities of 9/11 (now 17 years), many of us have found that when it comes to processing/discussing the events surrounding “that horrible day” the same situation tends to apply…we have our own beliefs and opinions…and some have a challenge “going there”…it’s
still too soon.

However, there are a few things that I am certain we can all agree to, as it applies to 9/11. We remember exactly where we were on that Black Tuesday…when we first learned of the horrific acts. We all felt the same shock to the system, followed by a kind of indescribable shock/pain, as we witnessed planes flying into buildings. And, we all felt the helplessness and overwhelming grief, as we watched in horror as the buildings fell to the ground.

As I watched the events of the day unfold, mixed with the hopes that this was all just a bad dream, were questions in my mind that would only grow stronger as the years passed. Over these past years I have spoken onstage frequently regarding the questions I continue to have about 9/11, and have invited experts (authors, researchers, architects) to to share their findings, views and concerns.

Some may feel that I am being disrespectful to the fallen by daring to question the official story. To the contrary, I believe that opening a new investigation would be the highest form of honoring our dead. Let me put it this way; if I had lost a loved one that day, I would want to know exactly what really happened to cause their death…I would want to know the truth…and I would not rest until I believed I knew the truth.

In addition, we should consider the direct end-results of 9/11…none of which would have taken place without 9/11; the wars in Iraq and Afghanistan, where more than 6600 US soldiers have died so far…not to mention the 100,000+ that have been injured on the battlefield (a total of more than 400,000 have filed disability claims). To date, we have also spent more than $7 trillion for both wars.The estimates for innocent lives lost in Iraq and Afghanistan fluctuate widely, but the figure can conservatively be placed at 500,000 innocents dead…with more than 7 million people displaced from their homes. And we have the Patriot Act as an end result. Written long before 9/11 and enacted by Congress just days later. The loss of civil liberties from this Act is incalculable…but as long as “we feel safer”, this frontal attack on our constitution can be overlooked.

Regardless of your beliefs, I encourage you to view the following three questions with an open mind. These are (a few of) the same questions that I have struggled with these past many years…maybe you have as well. With half of the country now doubting the official story, it’s clearly an issue thats not going away. I believe that until the truth is known our country will not completely heal.

· Prior to 9/11/2001 not a single steel skyscraper had ever collapsed due to fire. Never…anywhere on the planet…in the 100 year history of steel skyscrapers. But on 9/11, three skyscrapers supposedly did just that. Question: exactly how did two 100+ story steel buildings (WTC 1 & 2), and one 47 story steel building (WTC 7), collapse because of fires? In addition, each building collapsed at free fall speed, with no support whatsoever from the floors below…how is this even possible? Note: More than 2000 architects and engineers have since signed sworn statements that point out the impossibility of the physics of the “official story” surrounding the collapses.

· 19 hijackers, armed with box cutters as we have been told, were able to overtake the crews/pilots of 4 commercial aircraft without pilots alerting ground control. In addition, the flight paths flown by hijackers were incredibly difficult, while the hijackers were all unskilled pilots. Question: Why would highly skilled and trained pilots give up their cockpits to hijackers, when this is the one thing they are taught not to do? Why didn’t the pilots alert ground control to the hijackings? And how did the hijackers, each amateur pilots that had problems merely flying small, single engine aircraft, manage to pilot 4 large commercial aircraft through incredibly difficult/impossible flight patterns?

Here’s the testimony from Capt. Russ Wittenberg, U.S. Air Force — Retired commercial pilot who flew for Pan Am and United Airlines for 35 years. Aircraft flown: Boeing 707, 720, 727, 737, 747, 757, 767, and 777. 30,000+ total hours flown. He had previously flown the actual two United Airlines aircraft that were hijacked on 9/11 (Flight 93, which impacted in Pennsylvania, and Flight 175, the second plane to hit the WTC). Former U.S. Air Force fighter pilot with over 100 combat missions. “I flew the two actual aircraft which were involved in 9/11; the Fight number 175 and Flight 93, the 757 that allegedly went down in Shanksville and Flight 175 is the aircraft that’s alleged to have hit the South Tower. I don’t believe it’s possible for, like I said, for a terrorist, a so-called terrorist to train on a [Cessna] 172, then jump in a cockpit of a 757–767 class cockpit, and vertical navigate the aircraft, lateral navigate the aircraft, and fly the airplane at speeds exceeding it’s design limit speed by well over 100 knots, make high-speed high-banked turns, exceeding — pulling probably 5, 6, 7 G’s. And the aircraft would literally fall out of the sky. I couldn’t do it and I’m absolutely positive they couldn’t do it.”

- Where was the US military…including the Air Force…on that fateful day? Their claim is even more incredible…that they were conducting military exercises against, you guessed it, terrorist attacks on the US. And, that these exercises prevented them from getting jets in the air in time to help/prevent the planes from hitting their targets. The US military, at the time, had a $600 billion ANNUAL budget. In addition, the Pentagon is the worlds most protected building, including a massive defense system of its own (including air defense). Question: why did it take up to two hours (according to sworn testimony) after the first notice of hijackings to scramble military jets. And, where is the footage from any of the hundreds of cameras from the Pentagon that would show American Airlines flight 77 hitting the building? Up until now we have only seen a few frames from a local ATM camera, and in none of those frames is an airplane visible. The following is sworn testimony from Col. George Nelson, MBA, U.S. Air Force (ret) — an FAA certified commercial pilot. He is a former U.S. Air Force aircraft accident investigator and airplane parts authority and graduate, U.S. Air Force War College and has a 34-year Air Force career, FAA certified Airframe and Powerplant Mechanic.

“In all my years of direct and indirect participation, I never witnessed nor even heard of an aircraft loss, where the wreckage was accessible, that prevented investigators from finding enough hard evidence to positively identify the make, model, and specific registration number of the aircraft — and in most cases the precise cause of the accident. The government alleges that four wide-body airliners crashed on the morning of September 11 2001, resulting in the deaths of more than 3,000 human beings, yet not one piece of hard aircraft evidence has been produced in an attempt to positively identify any of the four aircraft. On the contrary, it seems only that all potential evidence was deliberately kept hidden from public view. … With all the evidence readily available at the Pentagon crash site, any unbiased rational investigator could only conclude that a Boeing 757 did not fly into the Pentagon as alleged. Similarly, with all the evidence available at the Pennsylvania crash site, it was most doubtful that a passenger airliner caused the obvious hole in the ground and certainly not the Boeing 757 as alleged. … As painful and heartbreaking as was the loss of innocent lives and the lingering health problems of thousands more, a most troublesome and nightmarish probability remains that so many Americans appear to be involved in the most heinous conspiracy in our country’s history.” http://www.physics911.net
 
In addition, here are a few quotes from top government officials who have raised serious questions:

“[9/11] family members … have said that only a fourth of their well researched questions were answered.” ~~ Former U.S. Senator Mike Gravel, who courageously entered Pentagon Papers into the Senate record
“[There are] serious challenges to the commission’s credibility. No wonder the 9/11 families were outraged by these revelations and called for a new commission.” ~~ Former FBI Director Louis Freeh in Wall Street Journal article
“The official story is so inadequate and far-fetched that there must be another one.” ~~ Andreas von Buelow, PhD, former Minister for Research and Technology of West Germany, 25 years in German parliament
“What’s the 9/11 commission got to hide?” ~~ Curt Weldon, ten-term Republican Congressman
“I think the inquiry has been very shallow, very superficial. We have to try and get the truth.” ~~ Paul Hellyer, former Minister of Defense of Canada
“It [the 9/11 Commission] is a national scandal. One of these days we will have to get the full story, because the 9/11 issue is so important to America.” ~~ Max Clelland, U.S. Senator, former member of the 9/11 Commission
— — -

On this most somber of days, we mourn for the many lives that have been lost, both directly and indirectly. While I was not in NYC on 9/11, my previous firm (Oppenheimer) had its offices in WTC 5. I knew people that lost their lives. The best way that I know how to honor them is with a new investigation. I realize that many reading this may have doubts. I’ll ask you to do what I have asked many to do; spend 5 minutes on AE911Truth.org and read the letters of testimony from scientists that are calling for a new investigation. 
Until next time, thanks again for reading…

Kip

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Thursday
Sep062018

Chess and Investing. VRA Investing System Update and Our Dominant Investment Themes

No doubt, many of you played chess growing up. Many of the worlds best investors do. Chess and Risk, those were our games of choice. If you’ve never played a really good chess player, it’s most similar to playing a good poker player…you feel like they’re renting space in your head. I was decent at playing a few moves ahead, but the great players, they see it all.

Many believe that the best chess player of all-time was Paul Morphy, from the mid-1800’s. As a child prodigy he beat many of the worlds best, from the ages 9–12, after learning the game by simply watching his father and uncle play a few matches. Morphy was born to play chess.

In 1858, Paul Morphy played 10 players at once…while blindfolded. He made 250 moves in twelve hours, an average of 27 per game. This gave two minutes for each move and and forced him to form 570 complete mental pictures in twelve consecutive hours, with each picture representing the exact mode in which all the sixty-four squares in a chess board were occupied.

 

Of course, Morphy won all 10 matches. The event immortalized him as the best ever with the NY Times introducing what may have been one of their first attempts at “fake news” by referring to Morphy as “rumored to be a mystic”. How Morphy must have loved that…

Today, as we battle against Wall Streets computer algorithms and high frequency traders, even a man of Morphy’s talents might come up short. But folks, as we covered in some detail in yesterdays VRA Update, this is why I built the VRA Investing System. This is why I paid close attention some 30 years ago as my mentors taught me how to analyze co’s and personally speak to/get to know CEO’s and mgt teams. Maybe Peter Lynch, the investing legend of Fidelity Magellan fame, said it best; “the best investors invest in what they know.” The VRA System is what I know.

VRA System Update

Labor Day has come and gone…Wall Streets summer break is over. While September has historically been the worst month of the year, lets not forget that the markets just went up 5 months in a row…during some of our most the hostile months, at that (April — August).

So, what happens next…historically speaking…after the S&P 500 goes up 5 months in a row?

Going back to 1954, following 5 consecutive months of gains, the S&P 500 was higher 100% of the time (over the next 9 months) with a median gain of 9.8% and higher 96% of the time (over the next year) with a median gain of 11.5%.

 

 

Yes, the VRA System still sits at “extreme overbought” levels. And yes, from a timing point of view, the time to aggressively buy US broad markets has passed. That time was back in April, when we were pounding the table to “buy buy buy”, once our markets reached “extreme oversold” levels.

Still, as my mentors taught me; “it’s not a stock market…its’s a market of stocks”. And our favorite growth stocks/story stocks remain a “strong buy”.

If you’ve been with us for any length of time at all, you know that we’ve been big-time bullish from the election on. Remarkably, our perma bears continue to tell us that the sky is falling, each time we have an overbought sell-off. Like a broken clock, one of these days they’ll be right. Until then, we will remain long and strong.

 

 

As of today, 9/12 VRA Investing System Screens remain bullish. Yes, we remain at “extreme overbought” levels in VRA short term momentum oscillators, meaning that more downside action is possible. But also know this; in major bull markets…like todays…any pause/correction is typically short lived.

Note: I’m often asked “what’s my biggest concern about the stock markets?” Outside of being blindsided by a “black swan” event…a major terrorist attack, like 9/11….a flash crash…Japan government debt crash, etc., here’s my biggest short term concern; check out the countries with the worst performance over the last year. 10 country ETF’s with 40%+ losses. On this point, I find myself in complete agreement with the perma bears. Should these losses continue to build, my primary working theory that “a rising tide lifts all boats”…the US economy/markets representing the “tide”…could prove to be incorrect. Today, I put the odds at 70/30 that a soaring US economy will lift the rest of the world. The US economy will continue to be be the growth engine for the rest of the planet, just as its been since WW2. But should the losses below accelerate, 70/30 won’t hold for long. Watching closely….

 

To receive our most up to date, in depth analysis Sign up to join us at the close each day for 5 minutes of everything that matters most…but only if you want to crush the markets with us! www.vrainsider.com/podcast

Tyler recorded the VRA Investing System Podcast yesterday, and it so perfectly reflected both my and the VRA Investing System view that we’re including it here this morning. You’ll hear our dominant investment themes along with our continued views for a sharp rally higher, into year end and ‘19.

Until next time, thanks again for reading…

Kip

Since 2014 the VRA Portfolio has net profits of more than 2300% and we have beaten the S&P 500 in 14/15 years.

Also, Find us on Twitter and Facebook

Thursday
Aug302018

VRA Market Update, All Time Highs, Once Again. AAII Still Neutral to Bearish. VRA Investing System Tenets.

Good Thursday morning all. This week’s surge higher in US stock prices was credited to Trumps trade deal with Mexico and as details begin to emerge, we’re learning just how serious Trump has been about “actual free trade” all along. We’ve covered this here often; Trump is (obviously) a nationalist. He ran and won on it. Globalism, as any honest history book will demonstrate going forward, for 3 decades helped to nearly destroy the middle class and US manufacturing, exporting tens of millions of good paying jobs abroad. The Federal Reserves printing press and US dollar purchasing power destruction did most of the rest of the damage.

China has globalism (and insider dealing US politicians) to thank for their ascendancy to the second largest economy on the planet.

But if you want to get an idea of what our trade deals with Canada, the EU and China will look like, look no further than yesterdays deal with Mexico.

Final point on Trump and his “trade wars”. Remember all of the perma bears that said Trump would sink the US economy? Remember the chicken littles that said US stock markets would be crushed? Because I do.

These are the same charlatans that predicted economic melt-downs from; Brexit, Trump getting elected, rising interest rates, inverted yield curve, the Turkish currency crisis, etc, etc, etc.

Folks, be very careful who you listen to. I’m well aware of the fact that scare tactics sell better than optimism, but if you’re paying attention to supposed guru’s that have been consistently wrong, do not let them scare you out of making money in this historic bull market.

It has a long, long ways to go.

VRA Market Update

New all time highs, once again, in S&P 500, Nasdaq and Russell 2000. The (overbought) melt-up continues. VRA System market internals continue to exhibit solid strength; 2:1 advances to declines. 2:1 up/down volume. New 52 week highs/lows: 581–110, another 5:1 day. Stellar.

Outside of hitting extreme overbought levels, zero signs of a reversal.

Granted, short term, anyone that tells you (with confidence) that they know what’s about to happen in the stock market should be avoided. Short term predictions are (mostly) worthless. I say this with one caveat; when the VRA Investing System reaches “extreme oversold” levels in the midst of a powerful bull market, 15 years of VRA history has shown (in all modesty, stock gods) that VRA System reversal signals are highly accurate. We are quite good at calling significant bottoms. But in my 33 years I’ve found no one that can tell me what the market will do in the very short term (day to day). Medium term to long term, that’s a much different story.

And yes, there will come a time (though likely not for years) when the markets will flip from bullish to bearish and we’ll be playing the markets from the short side, as we did during the 2008/2009 melt-down. But today, this market continues to behave like a market that’s in melt-up mode, for the remainder of 2018.

Think back to Bitcoin at $20,000. It was headed to $100,000. Everyone had to own it. This is what investor euphoria acts like. This is what a market peak feels like. And BTW, Bitcoin bulls were not wrong. Bitcoin is headed to $100,000, assuming they stick by their decision to cease mining once they hit 21 million. I first bought Bitcoin at $600 and while I doubt I’ll ever like it as much as I do gold/silver, Bitcoin absolutely has a place in most investors portfolios. It will get red hot again (but I suspect it will first spend a year or two basing, first).

The bigger point I’m making here is that US equity markets are NOWHERE near the euphoria phase. In fact, markets still have more of a bearish than bullish sentiment, as evidenced by last nights AAII Investor Sentiment Survey:

 

Yes, bulls have jumped to 43.5%, a two month high, but in no way can this be seen as overly bullish sentiment. Neutral/bearish investors still total 56%. Stunning.

 

 

Best guess, once we hit DJ 40,000, investor euphoria will take hold. This is when we’ll see Wall Street gurus predicting DJ 100,000 (aka Bitcoin).

But today, still tons of perma bears, many with TDS. They are certain…absolutely certain…that the next market crash is just around the corner. Of course, Trump will be the cause of it.

 

 

Stat of the Day: Going back to 1954, following the mid-terms the S&P 500 has had an average gain of 17% over the next 12 months. It’s also been higher 100% of the time.

I expect we’ll see some nervousness around the mid-terms…the fear of the unknown. And we know the history of Septembers and Octobers. If the market is going to crash, these are the months its most likely to happen.

VRA Investing System; 33 Years in Development. Crushing Mr. Market, Year After Year

As we grow and welcome new VRA Members each month it’s important that we’re all on the same page. That means understanding the VRA Investing System, ensuring that we are positioned to crush Mr. Market.

After my first few years on Wall Street, reality hit me right between the eyes. Fostered by a series of enlightening conversations with my first mentor (RIP Ted Parsons) I discovered that Wall Street analysts primary objective was not to make my clients money. The primary objective of Wall Street analysts was to make the firm money, working hand in glove with investment banking, where the serious money was (and is) made for brokerage firms and their elite clients.

Once this reality set in I had two choices; quit and find another profession or find a way to actually make money for my clients. The VRA Investing System was born out of that decision.

The VRA system was built to uncover the best investments (at the best time) and to remove emotion from my investing. It was built to have us out of the markets in times of turmoil (or short) and in the market when the bull wants to run.

The VRA System combines fundamentals, technicals and investor sentiment…the 3 most important elements of investing (in any/all asset classes). We use broad market positions, employing leveraged ETF’s for maximum returns, combined with my ability to ferret out world class, small to mid-cap “growth stock, story stocks” for the opportunity of several hundred percent to more than 1000% in profits.

I rarely recommend more than 10–12 investments at any one time. If you want to own 30–40–50 stocks, buy an index fund. While I am as aggressive as they come, it is a “controlled aggression”; I know the companies that I recommend. I know their management teams, I know their business model and I know how to pick winners. Period. I also put my own money in the stocks that I recommend. Anything else would be Wall Street-like hypocrisy. Still, my investment style is not for everyone. I would never recommend placing all of your investment dollars into VRA Portfolio buy rec’s. However, for your “risk capital”…those funds that you put aside to make your retirement account everything that it could/should be, the VRA has been designed to get that job done.

I encourage you to resist the temptation to go “all in” on just 1–2 VRA Buy Rec’s. I only recommend 10–12 stocks at a time for a reason. Diversification is a hallmark of successful investors and reduces the risk of becoming emotional about our positions. “Loading up” can also lead to large daily/weekly swings in your portfolio…the kinds of swings that can lead to oversized losses. Emotional investors tend to “buy high and sell low”, or just the inverse of what we’re looking to accomplish.

For our broad market positions in leveraged ETF’s, the VRA System employs “trend following” methodology. The game plan with trend following is to capture 80% of the move, in our investments of choice. It’s not about calling market tops and bottoms (although the VRA has caught NUMEROUS significant market turning points over our 15 years). Instead, we want to capture that middle 80% of the move…that’s our sweet spot…that’s where the most reliable and predictable profits reside. This makes the VRA System most important…its the major predictor as to whether a stock/sector/market is in a bull or bear market. It’s been my primary trend go-to for 30+ years.

The VRA System has 12 Propriety Screens. Today, 9/12 screens remain in bullish mode. 70% of the screens are fundamental and 30% of the screens are technical. Here’s the breakdown of my 12 screens:

This is how the VRA System works…in bull markets or bear. Sure, its MUCH more fun making money in a bull market; making money as we watch the US economy rock and roll and US stock prices soar. This, of course, is the market we are in today. Making money in a bear market means we’re forced to be “pessimists”. And who wants to be pessimistic? I’ve been a glass is half full guy my whole life…its highly likely that 90% reading this identity the same way…but it’s not our job to tell the market what to do, based on our emotions. Our job is to make money. Period. At least when it comes to investing.

We are quite likely the most unique investment advisory you’ll find, as our objective is simple; make money for you…our valued clients…as we crush the markets, year after year. The VRA has outperformed the S&P 500 in 14/15 years. Since 2014 we have more than 2300% in net profits. We are positioned to crush Mr. Market for the remainder of 2018 and going forward.

Investing Tenets and Observations of the Day

My mentors (Ted Parsons and Michael Metz, RIP) were smart, market savvy and most importantly, patient! Here are some of their favorite investing lessons…

1) “Don’t fight the tape, don’t fight the FED”. Yes, the FED has started raising rates…at some point the markets will have to deal with this…but the rising “tape” says we must remain bullish.

2) “The trend is your friend”. When the major averages are in confirmed bull market status (according to the VRA System), we want to be long. Conversely, in a confirmed bear market, we want to invest primarily from the short side. Today, if you’re not long, you’re wrong.

3) “There is no more bullish sign than an overbought market/stock that continues to rise”. This is exactly what we’re seeing today. Overbought markets that continue to rise. Highly bullish

4) “It’s not a stock market….it’s a market of stocks”. One of the best investing lessons my mentors taught me. There’s always an opportunity to make money, by focusing on both VRA fundamental & technical research. This rule is at the heart of the VRA System.

Until next time, thanks again for reading…

Kip

The VRA has featured 2400% net gains since 2014.

Also, find us on Twitter and Facebook

Thursday
Aug232018

VRA Update: Positioning for the Melt Up. VRA Macro Themes. Global Chart Analysis.

Good Thursday morning all. Bit of a pause in US markets yesterday, if you could even call it a pause. Once new all time highs are hit, some consolidation usually takes place. But I don’t expect this pause will last long. We are in the beginning stages of a melt-up in US equity markets. Short term, yes, we’ve reached overbought levels, but I don’t suspect it will matter much. The US economy is just too strong. The US consumer has animal spirits. Stock markets are about to soar.

 

If you’ve been with us a while, you may remember my most important macro themes:

1) Trump is an economic Godsend. Period. I caught a ton of flack for saying this back in early 2016, then finished my book just as the election was taking place. Becoming Wealthy in the Age of Trump, indeed. Strongest US economy in at least a decade and just getting started. 4% GDP will once again become the norm. Boom time, dead ahead.

2) Nationalism is once again replacing globalism…a more powerful worldwide economic movement you’d be hard pressed to find. True global competition is changing everything. The strong should survive and prosper. The weak must learn from their mistakes, or perish. Pretty simple concepts to understand, but for 3 decades our feckless and corrupted political class forced globalism down our throats. And man, did US jobs, middle class and manufacturing pay the price. Bottom line, this is the single biggest reason that Trump won. Americans knew that our greatness was slipping away.

3) A strong US economy equates to a strong global economy. This has, unquestionably, been the case for as long as anyone reading this has been alive. We have the Greatest Generation to thank for this fact. Here’s what this means; as the US economy continues to surge, it will take most all global economies with it. A return to nationalism, fueling the fire. A rising tide lifts all boats…the US economy as the tide.

Lets go through some global charts this morning. I believe they are confirming that a global boom is building. But first, Aramco has supposedly put their multi-trillion $ IPO on hold. As you can see from my tweet, I’m not that surprised. This global economic recovery will take oil past $100/barrel, which would put another $1trillion + in the hands of the Saudis. No rush…but it will still happen.

GLOBAL EQUITY MARKET LEADERS. BULLISH PATTERNS BUILDING

1) Japan’s Nikkei. This well defined triangle is building into one helluva a coiled spring. Japan may have lost some economic luster, but with the developed worlds highest Debt to GDP ratio, the world needs Japan to prosper. This chart tells me that a major breakout move higher is coming. Highly bullish for global markets (equity, debt and currency).

2) EEM (Emerging market index). Trumps takedown of China, plus rising US rates/dollar, have been brutal for emerging markets. Below is a well defined bearish wedge, but should the move higher continue…as I fully expect…once this resistance line is broken we’ll be talking about a falling wedge pattern that has turned to bullish. You know my thoughts here…Trump will strike a trade deal with China prior to the midterms. Likely in the next 30–45 days.

3) Germany. Largest and most important European economy. While I did not draw in the lines here, we see another pattern of higher lows and a developing triangle pattern. Germany has its own share of domestic/political issues, but what they do not have are financial issues. Best balance sheet of any global economic power. Look for Germany to bounce back in a big way.

4) Finally, the STOXX 600, made up of the largest 600 co’s throughout Europe. Again, another well defined bullish triangle, developing into its own coiled spring.

Soon, we’ll be out of August and It’s time to make sure we are positioned for the coming melt-up, I expect we’ll see fireworks!

Until next time, thanks again for reading…

Kip

To receive access to our full VRA Membership and daily updates(including our VRA Portfolio with buy and sell recommendations, featuring 2400% net gains since 2014), sign up to receive two free weeks from the VRA atwww.vrainsider.com/14day

Also, find us on Twitter and Facebook

Saturday
Aug182018

In Memory of Karl Bessey

This past Sunday my phone/email started lighting up, with people asking if I had heard that Karl Bessey had passed away. 
I was, I remain, in shock. I have heard from a great many that feel the same way. Please allow me a few minutes to honor my friend.

Karl and I met in 2000 at an event in Cancun. Karl was a leading, direct marketing superstar in a company called IGP, who was putting 2000 people in the seats at back to back events, with world-renowned freedom speakers like Ron Paul and G. Edward Griffin, wrapped around a business model for entrepreneurs. IGP would serve as an early model for the company that Karl and I would start together, in 2005, Wealth Masters International. WMI would go on to have many thousands of members globally with the business taking Karl and I around the world. Karl built the marketing side…I built the product side…and we had an 8 year run that was an absolute whirlwind of a blast. We met and worked with so many wonderful people, many that became close friends for both of us. So many great things happened in those few, short years. 

And it was Karl that made the business go. Karl that made it fun. Karl that had the drive. We started our days together and often ended our days together. Our early morning call always started with Karl saying…and I can hear his voice as clear as a bell:
“What’s up, ya ole sack?” 

Karl spoke with an “Ephraim drawl”, an accent that you’d only detect in people from the Ephraim, Utah area. It was as interesting as it was endearing. No doubt he had his own thoughts about my East Texas redneck-speak.
After knowing Karl all these years…18 in total…I never met a single person that had a bad thing to say about him. Never. Likewise, I cannot remember hearing him say negative things about others. 


That was Karl. Positive, high character, hilariously funny and just a down-right happy, salt of the earth guy. A better person than I deserved to call a friend. 

My funniest memories with Karl came from our travels together. Our hotel check-ins were a kick. As we walked in and approached the sign-in desk, Karl would announce, with conviction and glee: “you can wipe those worried looks from your brow, cause we're finally here”…
The desk clerks would look at us in the most interesting of ways, with some thinking that with Karl’s good looks he must be a known, global celebrity…some with confusion...but always, with these big smiles on their faces. "Here comes a guy that loves life…how can we not smile ear to ear at that."

Karl’s personality was infectious. At our events, Karl didn't shake hands. Karl hugged. Everyone. If you’re in investment circles you probably know the name Harry Dent, a global macro-economist and best selling author. I happened to walk in as Karl and Dent were meeting for the first time. I had a direct line view as Karl gave him a hug that was almost certainly one of the most uncomfortable moments in Dent's life. Priceless. 

But it was something that happened at an event in Las Vegas that was the epitome of Karl Bessey. We struck a deal with a real estate group with the understanding that they would present their opportunity if they agreed to give away two homes to our attendees.
As it turned out, this group knew the singer/entertainer Marie Osmond, who along with her brother Donny had the #1 show in Vegas. Next thing we know, Marie Osmond is taking photos with us backstage, having agreed to draw the winners names and present the homes to their new owners. 
As we were walking onstage, Karl leaned over to me and said “I’ve loved Marie Osmond forever. What do you think she’d do if I kissed her…in front of God and everybody?”

Yep. The balls on this guy. He did it. Karl and Marie made eye contact, and as he leaned over to kiss her, she actually embraced it. The event center went crazy. She blushed. He smiled, confidently. Another bucket list item checked off. Few could say no to him. Karl fed off of letting others know they were special. He was pure love. We all felt it. 


Karl didn't start off as a marketing rock star. He was a coal miner, from his teens. He raised an amazing family, starting at a young age, working his butt off driving 60 miles + each way, in the worst of weather conditions. I didn’t know Karl then…but man, I know those car pools had to have been an absolute blast. 

This past Sunday, Karl was taken from us after an 8 month fight with cancer. A big part of the shock that many of us feel is because we did not know he was sick. From speaking to his son-in-law, Karl wanted us to "remember him the way that he was". We will and we do, Karl. 
The other big part of the shock that I feel is that Karl and I had not spoken in a few years. I’ll never get the chance to say a proper good-bye to my brother from another mother. That’s on me. Something I need to deal with. But I do have an opportunity to say this, knowing with certainty that if there is a heaven, Karl is up there making people laugh and doing the “Karl dance”, as he jams to classic rock; My friend, thank you for being in my life. Thank you for such amazingly great memories that I would not have had otherwise. Thank you for being yourself. Thank you for the impact that you had on me, and on so, so many that are reading this right now, each with their own unique memories of their time with you. You will be missed, greatly...ya ole sack.

 

 Karl Bessey 1957-2018