Pundit's Perspectives – Fri 7 Mar, 2014

Peter Grandich says “I am now a bear on the conventional markets. Listen to hear why.

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Al KorelinPeter Grandich

    • On March 7, 2014 at 2:30 pm,
      Birdman says:

      No market top in sight. Peter will be losing money on this trade.

      • On March 7, 2014 at 2:51 pm,
        richard says:

        Right now my technicals don’t show an eminent downturn. It could be the “go away in May” thesis will be correct this year but in that case, we have a little longer to run. In the Dow, we are up against a bollinger band right now on the daily chart so the market will make their decision on what way to proceed in the near future.

        • On March 7, 2014 at 3:32 pm,
          Birdman says:

          I thought Peter’s advice to his subs to put 50% aside as a short was extreme. It just strikes me as rash when so many other indicators still look positive to me. I would not do it. AII sentiment readings are not enough evidence for me.

        • On March 7, 2014 at 4:30 pm,
          Dick Tracy says:

          What is there to understand, if there is a geopolitical problem like in the Ukraine you print money and bail them out, if the economy shows weakness just keep interest rates low because the debt can’t be paid it can only be serviced at rates close to default.

          Could there possibly be a problem with gold moving higher that’s easy just short the physical with paper gold, but when the rubber meets the road it’s up to the individual because the government has done what it can, to keep the game alive and in the end we all know you can’t spend more than you take in, that’s economics 101. DT

          • On March 7, 2014 at 10:21 pm,
            Birdman says:

            Paper gold and physical will not ever be substantially divergent in price. That is the dumbest most repetitive of arguments heard daily here. Even some people whose opinion I ordinarily respect keep saying it. Just brain dead for they know not of what they speak. It is like the moronic arguments about golds supply and demand. That doesn’t move price even if all the mines were closed for a year. Totally meaningless. I can give you ten metrics that are more meaningful that move gold but S&D is NOT one of them.

      • On March 7, 2014 at 3:07 pm,
        franky says:


      • On March 7, 2014 at 4:51 pm,
        CFS says:

        i was taught never to bet against a bank with bottomless pockets, Birdman.
        The time will come, but I suspect Mr. Grandich is early.

    • On March 7, 2014 at 4:11 pm,
      franky says:
  1. On March 7, 2014 at 1:38 pm,
    franky says:

    Warren buffett is a crook ! SORRY PETER GRANDICH the market will not claps ! you keep looking TV

    • On March 7, 2014 at 7:17 pm,
      Bobby says:

      Yeah! Keep lookin tv

  2. On March 7, 2014 at 2:01 pm,
    franky says:
  3. On March 7, 2014 at 2:07 pm,
    proud canuck says:

    Where does peter see gold and silver in the next 1-3 months?

    • On March 7, 2014 at 7:18 pm,
      Bobby says:

      Who cares what he says, He has been wrong for years

  4. On March 7, 2014 at 4:26 pm,
    Francis Murphy says:

    I started reading the Grandich Letter after his market crash forecast in August 1987 and his market will be back to new all time highs within two years comment the day after the 87 crash. Since then he forecasted the 2000 market top, the 2008 top and the 2009 bottom like a day from it and now says short again. If not for his work with junior resource companies his market calls would be among the best I have seen and I’m glad he left the junior business.

    • On March 7, 2014 at 5:13 pm,
      Birdman says:

      We will see Francis. The thing is that markets are quite distorted and little fundamental reasoning is working. The Rooster will surely crow eventually but I have my doubts it will happen during 2014.

  5. On March 8, 2014 at 8:08 am,
    thinker says:

    more money to be made going short,,lolll,,,everyone talking and betting the farm on stocks is dangerous,,,,china just announced a deficit in trade,,,,russia flexing its muscle and will not back down to the usa…..its military is cash rich while the us is bankrupt,,,europe will not touch russia,,,,they are scared of missles heading their way..now w got a housing bubble gone bust to a new bubble mania in stocks trading at 90 times,,,,this story will end up ugly as the pensioner loses its life savings to old to work,,,the us created a forced investment in stocks as it held down the 10 yr note,,,