$1,500 GOLD
Markets look like they are trying to mount a comeback as the internals flip green again and show 500 more winners than losers. Small caps look like the place to be as they are green and outperforming all the major indexes. Oils, biotechs and metals now leading the way with internets, trannies, GOOG and Indian equities bringing up the rear.
Howard Rosencrans on CNBC calling for $1,500 gold and lower stocks prices with a nice chart of cash levels at mutuals funds and what a good predictor it may be of future stock prices.
I am not sure I agree with the gold call but $1,000 sounds good enough as I own lots of precious metal equities. Unfortunately, Howard did not give us a when for his forecast, so maybe Sue can get him back and get a time frame(lol).
Howard Rosencrans on CNBC calling for $1,500 gold and lower stocks prices with a nice chart of cash levels at mutuals funds and what a good predictor it may be of future stock prices.
I am not sure I agree with the gold call but $1,000 sounds good enough as I own lots of precious metal equities. Unfortunately, Howard did not give us a when for his forecast, so maybe Sue can get him back and get a time frame(lol).
posted by DAVID at
12:43 PM
3 Comments:
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