January 26, 2012
– Comments (4)
And a Peter Grandich update:
U.S. Stock Market – With QE 2.5 announced yesterday, I continue to believe the least resistance for the stock market until further notice is up. I’m by no means a bull, but it’s not what you make at times but what you don’t lose (and bears have been getting killed shorting since 2009) that matters (And being much more aggressively long in gold and silver has been the best choice).
U.S. Bonds – While the Fed’s 24/7 printing press may keep interest rates low for now, one of these days the bond vigilantes shall conclude the end game is hyperinflation and bonds shall go into the crapper. U.S. bonds IMHO shall be the worse investment for the next decade (and equities the lesser of two evils).
U.S. Dollar – The wimpy bear market rally can’t get much above 80 on the U.S. Dollar Index. While the rabbit didn’t die (U.S. Dollar), it remains in critical condition.
Gold and Silver – What can I say that I haven’t said over and over? Where did all those bearish forecasters (and the media that gives them carte-blance over and over again without questioning their constant wrong forecasts) gone? Back to their little holes and shall return after the next serious correction above $2,000 gold and $50 silver.
Also... Peter Schiff - Rt America - 25 January 2012
the fight continues ...
CNBC 26 Jan 2012