He's also urging investors to be vigilant in the cryptocurrency space. Tice, who came into the year as a bitcoin bull, turned bearish on"We had a bitcoin position when bitcoin was at $10,000," Tice said. "However, when it got to $60,000 we felt like that was long in the tooth... Lately, there's been a lot more uproar from central bankers, Bank for International Settlements [and] the Bank of England have made profound negative statements.
Due to his overall bearishness, Tice co-founded hedge fund Morand-Tice Capital Management almost exactly a year ago. It's devoted to metal and mining stocks. Tice, a long-time gold and silver bull, believes it's a once in a decade opportunity for investors. "You look at this lack of discipline in monetary and fiscal markets. Gold is truly the place to be," said Tice. "Over 5,000 years, gold and silver do very well asGold closed at $1,812.50 an ounce on Friday. It's down 4% so far this year and up 28% over the past two years. Tice expects the precious metal to rally 10% to $2,000 by December.
"I would be owning gold, especially gold and silver mining companies. These companies have never been cheaper. Many are at single digit multiples yet have potentially 15 to 20% growth rate in earnings even with this flat gold price," Tice said. "But then you add on what we think is going to be a 20% annual increase in the gold price, and these companies are going to be outstanding opportunities.
The only way this dude David Tice makes money is through these paid advertisements..I mean articles. Who would listen to him?
Basically … What he’s saying is , don’t buy anything & let him make money on his short positions 😂
LMAO long term loser you mean...
Crypto is always a good investment because in the longterm you are always in profits.Think Longterm
That mean it’s about to explode……🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀Its all opposites big volatility over the next 72hrs then boom send it…..BTC ETH XRP XLM
Sure, this is coming from a bear, what else is he supposed to say?
Dangerous? Like Covid?
Made the mistake of listening to clowns like this last summer. Never again. I recovered. 🖕
Agree 'Bitcoin is very dangerous to hold today' thats why I put $1 in it few months ago its now $0.82. I'm fine with my Vanguard_Group fund VIGAX being up over 60% & other safer smart contract altcoins I got at coinbase I keep cryptocurrency 5% no extreme losses here
remindmetweets 2 years from now.
Don't let anyone tell you anything don't believe anything they say, remember do your due diligence meaning do your own research and invest in AMC stock remember stay focused
This is nonsense. The best time to invest in the market is when you have the money. Don’t try to time the market, it’s TIME IN the market that will lead to LONG TERM financial success.
How long has this dude been a bear lol
Once again this network is trying to manipulate the price of stocks . As the S&P is in oversold territory as well as a slew of other stocks and securities. But hey, let’s report FUD so they can help the hedge fund short sellers
Bears are fuk
“Long time bear” and the market isn’t far off all time highs. How’s this guy been doing for the last few years (actually any time frame, except maybe 1 week)
Oh whatever CNBC nobody buys your garbage anymore
Bitcoin, right now and forever!
US banks will collapse if government stimulus checks stop. Banks need those deposits to keep the dollar scam going.
With that being said. Which stocks and coins should I be buying? Sell the news, buy the rumor
How long has this guy been wrong
So bonds, commodities, real estate and gold then? Those aren’t safe either.
Who invited captain obvious. CNBC always cutting-edge reports 🤣🤣🤣
🤡
It’s not “stocks”, it’s businesses?
Unless you’re invested in shorting stocks and Bitcoin. 🤣😂🤣
🐮 💩
It's not dangerous for me to invest in $CVP
Not going anywhere near gold. No way. It’s over for the dumb rock. Listen to the youth. bitcoin
He and Peter Schiff have been wrong for decades.
Short some stock , don’t short the market
He’s been bearish for 30 years and the market is up 10 fold
They yelled wolf wolf from April 2020-July 2021, every week there’s another guy, someone has to be right once when he’s flipping the coin many times, but you can’t invest that way
The lower the stock price the better the time to buy.
Agree. Stock market is overvalued and Bitcoin is only first generation crypto technology. Change to new and better tech and trading is on the horizon with DeFi.
Nobody likes a negative person
Did he say anything about NFT investing? The investors always finds an open door like NFT
This is true. If you're getting into buying stocks these days, hold onto your ass. Things are about to get crazy!
Imagine being a long-term bear
Not holding cash. Not matter how much you shill cash.
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“Long term bear” wants stocks to fall. Also water is wet.
Guy is down 62% last two years. Rather get advice from magic 8 ball
But inflation is a good thing? I'm starting to think you all hired Paul Krugman as your editor in chief.
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Ain't no body got time for him. He's been losing capital for years.
Not as dangerous as investing in his fund