Daniel Ameduri: Marijuana Stocks, Bitcoin, and the Economy: Onward and Upward? david moadel
welcome to looking at the markets with David Modell today my special guest and
actually a repeat guest is mr. Daniel Amadori mr. Amadori is from future money
trends dot-com the link to that is in the description below this video I want
you to visit that also check out mr. Amador EES Twitter account his feed is
at future money trends which you want to check out click on all those links but
first we're gonna say welcome to mr. Daniel Amadori thank you for coming to
my show sir hey thanks for having me on yeah I really appreciate you returning
now boy today is a really interesting day and it's just been an interesting
year 2018 so far for the crypto currencies markets for marijuana stocks
and for the markets in general we're seeing some volatility today finally
it's about time yeah yeah I'd like to cover a few different topics first we
can start with cannabis cannabis in North America boy my audience loves to
talk about the pot stocks what is your outlook on those right now
well in the bigger picture I couldn't be more bullish about the cannabis industry
and I really don't think the federal government is gonna do anything to cause
us problems but the in-house counsels of a lot of brokerage firms and other
regulators could cause some you know slow growth pains because the fact of
the matter is is this is the end of a prohibition so when it comes to Canada
and the United States there we're unleashing a bull market that could last
15 20 years I mean there's so many stages it's so messy and I can tell you
I've been to all these conferences and I and I talked to a lot of these CEOs
because my my partners and I we we do our best to seed around as many of these
companies as we can because I really do believe these things are gonna be you
know monsters in the next few years sure
and there will even be a mania phase just like blockchain had you know six
months ago yeah but it's still it's still very messy and not a lot of
companies are making money I think it's just literally like less than two or
three actually out of all the publicly traded ones because most of the money is
actually being spent on on legal fees and compliance and dealing with because
not only they have to deal with the regular you know actors the IRS the SEC
and and FDIC and all these groups that are you know blocking them from even
opening up a checking account in some instances they also have to deal with
the local city and then the state so I would say with marijuana sucks I
couldn't be more bullish but I would say proceed with a little bit of caution if
you're an American listen to this if you're a Canadian and you're buying
Canadian stocks living in Canada where it's gonna be fully legal legal in on
July 1st you're in good shape but I have talked to several of the big
brokerage houses and just a heads-up to everybody it is possible that some of
these brokerage companies uh stopped allowing cannabis to be traded and I and
I don't say this to scare people believe me because I were suggesting some
cannabis stocks that do business the United States in on future money trends
so it's something that I don't want to happen of course but it is out there so
make sure you keep that cannabis investments into that speculative part
of your portfolio because you know there are some so wild cards out there for us
to be careful of very sage advice there and you know I'm looking on
futuremoneytrends.com right now I'm looking at all that I love the
newsletter which people need to sign up for on the website I love the videos the
free reports there's a report here that says bitcoins future hmm well what is in
bitcoins future what and and blockchain how does that figure into the equation
you know we've been covering Bitcoin since 2012 and you know I through this
process I've had so many aha moments with the blockchain in Bitcoin and the
best example is is when I go when I went to a conference in 2012 it was just a
bunch of dreamers and libertarians and and you know computer guys in 26
tene it was exxon mobil and microsoft hosting the event and i just got back
from the miami one and you know everybody was there I mean even there
was a representative from Goldman Sachs and JP Morgan
there was a DOJ person there Department of Justice so I mean it's taken on a
whole new light Homeland Security and Department of Defense is now using the
blockchain and looking at implementing it for secure communications Nasdaq you
know Comex the CFTC these people are looking at using the blockchain so the
blockchain I think has a very bright future and the crypto currencies I think
they're all speculative every single one of them mm-hmm even Bitcoin but you know
that's something that if you buy a little bit of it and just wait you know
it's one of those ones you can just wait it out and if it becomes something you
know Bitcoin could go to several hundred thousand dollars because of the finite
supply or it could go to zero I don't know because is at the same point in
time when I was in that conference I was like sitting there asking myself is
Bitcoin the AOL of the internet you know like you know remember AOL at some point
in time probably had you know 90% market share I'm just guessing that but I just
know that we all in the in the mid-90s had our al well disk and our al emails
and now nobody does right so I don't know if that's where bitcoins going or
as Bitcoin the ultimate is is it gold does it stand the test of time so I
don't know where bitcoins feature is so we're actually investing in in a lot of
the blockchain companies our top pick is hi blockchain technologies I own that
company so full disclosure and i met with frank holmes the chairman many
times and you know look it's there they're a simple company you can't buy
ETFs really right now or not very efficient ones so this one is basically
they mine and hoard cryptocurrency so that's the closest thing I could get to
an ETF and that's what I was looking for very cool and the ticker for that yeah
I've interviewed mr. Frank Holmes great interview he recommended to me hi of HIV
II as well as geo a you for people interested in the gold or precious
metals sector now I'm looking at again future money trends great articles here
dollar dumping in in 18 it sure has been hey you tried you
tried really hard to warn people about this
I hope they listened can this get any worse what do you think you know I think
the dollars overdue for a snapback rally for sure any and you would be more of an
expert on on on where it's going you know certainly it's not just gonna go
straight down so I think the dollar is going to continue its slide down but I
would say right now if you know the shows being record on January 20th I
would say the dollar is overdue for a pretty significant rally here so it
would not be the time to short it it wouldn't be the time to go to become
bearish as in the short term anyway you know but you can see that you can see
that what's happening in the gold market and what's happening in the currency
markets the dollar isn't a bear market you know the tax cuts are are going to
likely increase the the deficits at least in the near term right government
spending isn't slowing down a bit so and if you look at historically tax cuts
have been you know we caused a weakness in the US currency and I don't think the
Trump administration has made it a secret that they are they are they have
a weak dollar policy you know Trump is trying to you know increase our exports
make us more business-friendly and they believe our dollar will help them do
that and and you know it's more of window dressing right because yes I
guess the perception is if you have more inflation that things are going up but
in reality you're just losing your purchasing power so I'm definitely
definitely you know short the dollar right now for the longford for the long
term I think it's a good chance it's you know mid to maybe even the low 80s into
2018 mmm interesting okay and finally just
wanted to talk about the US economy and the equities markets in general I know
that's a broad question but 2018 is still young even though there's some
volatility today there the VIX readings have been super low you know for the
past year or law are you more than a year since our early 2016 actually was
the last 10 percent or greater correction we've had
so ah boy are we just gonna continue this melt up what do you think
I think the melt up is on I I really do I think this was overdue I think in 2016
because of the election the market was kind of just in a holding pattern even
as late as late 2015 but now it's it's exhaling I think the melt up is on the
Dow Jones will go over 30,000 in 2018 and I and really if you look at the
consumer sentiment if you look at small business optimism all signs point to the
wealth effect is in effect and the wealth effect is that when people feel
good about you know there's their stock account they feel good about their the
price of their house so they're willing to go out and spend some money on a
Friday night into Saturday night they're willing to book that vacation and I
think that's fully in effect for 2018 and a lot of it has to do with the tax
cuts and that and and the deregulation that's been going on and with the Trump
administration so you know fact is is in two weeks people are gonna start to see
bigger paychecks and they're gonna spend that money many corporations are already
spending more money and I just don't think this trend is going to end with
everybody having more money in their pockets and many of the corporations
giving people raises investing more capital bringing home repatriating cash
like Apple spending billions and billions of dollars into our economy so
I I see the Dow Jones you know perhaps having an overdue correction in this
first half of 2018 but I think we're on you know onwards and upwards is the
trend because of what's happening in the in the sentiment of the consumers of the
United States interesting onward but onward and upwards okay very good sir I
love it all right once again the website is futuremoneytrends.com
that link is a dis script in the description below this video click on
that please why not and get some of those free reports free articles videos
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handle on on Twitter all right mr. Daniel Amadori
has been my guest today I hope to have you back as a frequent guest I really
appreciate it and you're welcome back anytime mr. imadori on looking at the
markets was a lot of fun thank you so much thank you for watching please like
comment and subscribe and I'll see you next time
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