Is History Preparing to Repeat Itself?
Is there an Epic Market Crash looming on the horizon?
What steps can you take to protect your assets?
Find out Thursday, Sept. 2nd @ 3:30PM CDT
Join us for an in-depth analysis and interview with Garrett Jones as he explains why he believes this may well be the most dangerous period in market history since the Great Depression.
Garrett initially entered the industry as one of only ten people annually accepted on a worldwide basis for Merrill Lynch’s prestigious JET program in 1970 – where he had an opportunity to briefly work in the technical analysis department of the legendary Robert Farrell. He was involved in building up three successful money management firms during his career. All three of these firms were recognized for robust performance, aversion to risk and strong performance in down markets. Mr. Jones is a recognized expert in gold, technical analysis and the long wave economic cycle.
After reading Harry Browne’s classic, How You Can Profit from the Coming Devaluation, Jones was captivated by gold and international economics. He began buying gold stocks for clients when gold was selling at $35/oz. and sold near the highs in late 1974. In 1978, he became vice president with Guild Investment Management, Inc., one of the first money management firms in the U.S. to specialize in international asset allocation — including gold, currencies and foreign markets, in addition to the U.S. markets. While with Guild, he again caught the move in gold and currencies and was instrumental in providing the technical opinion resulting in selling gold at $864/oz. on the precise day of its all time high (at that time).
During the 1980s, Mr. Jones formed Evans & Jones with Don Evans. Their management company was a pioneer firm in market timing utilizing mutual fund switching. Evans & Jones primarily managed funds for large pension accounts and wealthy individuals. In 1990, Mr. Jones assisted in the founding of FX 500, Ltd., a firm utilizing S&P 500 futures contracts as an investment and hedging vehicle. In a matter of a few years, FX 500 Ltd. became the largest domestic firm trading exclusively in S&P 500 futures contracts – trading as many as 4,000 contracts per trade when the full size contract traded at $500 per point.
Mr. Jones developed a proprietary trading system that received national recognition in the US Trading Championship with a return of 98.6% for the 4th quarter competition in 1989. He traded exclusively in the S&P 500 futures, but found the system to be highly effective in the currency and precious metals markets, as well. He later developed a long term indicator for the stock market that has proven to be very effective in its goal of keeping the investor in for the trend (both in up and down markets) with a minimum of whipsaws.
Jones entered the brokerage industry during a bear market period and has developed an uncanny ability for spotting approaching bearmarkets. He forecast the 1987 collapse at the ISI international monetary conference in August of 1987 – two weeks prior to the market top. He is on record for calling the top in the stock market in 2000 (the all-time valuation top) and the all-time market top in October of 2007 to the exact week as well as the orthodox July 2007 top to the exact day. He has continued his focus on the refinement of trading systems and research on technical and other indicators for defining turning points in the markets.
Over the years, he has been a featured speaker at a number of international monetary conferences both domestically and abroad. Mr. Jones has written numerous articles for domestic and international financial publications and participates in radio, TV and media interviews when time permits. He is currently working on a follow up to his 1988 presentation of An In-Depth Analysis of the Long Wave Cycle. The original work was highly acclaimed for its content and coverage of the sequence of events in the economic cycle. Mr. Jones states that “by knowing the sequence of events in the cycle, one can determine where we are in the cycle and know what is next to come. Such information allows one to plan for these coming events as opposed to being surprised by them.”
(Note: Tomorrow we will publish 2 articles written by Garrett complete with charts.)