These Are Historic Times

Written by James Dines
Posted April 20, 2020

Publisher's Note: Today we're bringing you an excerpt from The Dines Letter from April 6, 2020.

Mr. James Dines has been an unparalleled source of research and analysis for decades and it's never been a better time to hear from "The Original Gold Bug."

Call it like you see it,

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Nick Hodge

These are historic times, like a new war, with unknowable consequences, and many books will be written about it. The Wuhan virus brings not just a severe flu — it is a new disease. One of our numerous predictions on what the new plague would look like was that it would be “very contagious”; now we learn that it is three times more contagious than the flu. Humanity is still up against a formidable enemy, and the war is not yet over.

Here’s the hard truth, as we perceive it: you can’t suddenly close down the world as would a speeding vehicle against a brick wall without that smashing halt injuring its occupants. This generation hasn’t lived through a pandemic like this before, and luckily it arrived at a time of advanced medicine. The world is studying what the consequences might be, and will hopefully discover how to mitigate them.

We’re all in this together, and wisdom would be helpful — realistically preparing for the mutating of the virus, believe the unbelievable or not. Yet again, in The Dines Letter’s role as a “sentinel” for many subscribers, we had come across news that had received virtually no publicity: that a pet dog in Hong Kong had tested positive for the virus. But our eagle-eye specialty is detecting new trends, as often as possible. Indeed, yet a second dog has caught it, again in Hong Kong. Plus, NOW A TIGER IN NEW YORK CITY! Plus other cats, and a pangolin carries related strains.

We all must do our duty; in this case, veterinarians could also be sentinels. We are particularly alarmed by all three of those events because one of our earliest predictions (7 Feb 20 TDL, page 2) was that the new virus would cross into another species and bring back to humans its alien illnesses! The “species barrier” has been penetrated, which truly alarmed us in January ’20, and if the Wuhan virus picked up Ebola, for example . . . it is too harrowing for us even to contemplate. Still rampant in central Africa, lurking, milling unobtrusively, waiting for a breakout opportunity, there should be a world program to do everything possible to extirpate Ebola right now. The world needs to start anticipating crises, preparing for them, not after they arrive rudely; ignoring early warnings is a Mass Psychological expression of “the secret desire to lose,” described in chapter 7 of our Mass Psychology book.

So far today, the odds are against the worst, so hoping for the best is still realistic.

As for our longstanding prediction of “The Coming End of the Age of Travel,” the virtual shutdown in the travel industry — from ships to airlines and hotels — is sadly coming true. We repeatedly recommended doing your “must-go” travel, without unnecessary delay. Now it is too late. More in a future issue of The Dines Letter, for the “all clear.”

Finally, as predicted on page one of The Dines Letter's 2020 Annual Forecast Issue, gold bullion proved itself “the ultimate haven.” The yellow metal is in a solid uptrend, holding firmly at its high, even having risen during general market selling; that was not commented on by the mass media, which was bullish for the precious metals. By Mass Psychology. Subscribe now for the latest recommendations from "The Original Goldbug."

James Dines is legendary for having made correct forecasts that were in complete contradiction to the rest of the financial community. He is the author of five highly regarded books, including "Goldbug!," in addition to his popular newsletter, The Dines Letter, and videotaped educational series. Dines' highly successful investment strategies have been praised by Barron's, Financial Times, Forbes, Moneyline, and The New York Times, among others.

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