Doc and Chris comment on gold and the markets
Doc and Chris team up today with their comments on gold and the conventional markets. Chris and Doc see gold continuing to move up for the short term but in slightly different fashion.
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Agreed, its been a long time since Ive heard a correct call from any of them. Over a year in fact.
Actually, I disagree.
I think Doc, Gary, and Rick have been pretty good in their predictions for gold and oil. But when it comes to the conventional markets, I definitely sense a negative bias in Doc, Rick, and Al against the stock market and the economy, which I think influences their outlook on the conventional markets. Thus, I don’t think those three in particular are being objective when they look at the conventional markets.
what r u talking about Dave– Garys been correct..
I think Doc, Gary, Rick, and Al will all be wrong about this big correction they are expecting in the conventional stock market. The current p/e ratio for the S&P 500 is about 21. That’s slightly high but anything close to being in a bubble. Given the near zero interest rates, it is justified that the p/e ratio should be higher than normal. The biggest component of the S&P 500 is Apple. It has a p/e of 13. How is that a bubble?