These bozos think you should Dump gold and buy stocks.
While this advice might not be as bad as to buy stocks on margin in October of 1929, it is not that far behind. Now, before I go any further allow me to disclose that I am NOT a gold bug, bull, bear or any other label you can stick on someone. I am simply here to make money through the use of advanced mathematical/timing/fundamental/technical work and a risk averse trading approach.
While I do not own gold at the time (the timing is wrong), to tell someone to sell their “undervalued” gold right before its massive and sustained rally in order to speculate in stocks that have long detached from any reasonable valuation reality is…..well….idiotic.
In fact, if there was ever a trade that I would advice against, this would be it. I had a much more detailed article on Gold over last few days and you can check it out for a better overview As Gold Continues To Collapse, What’s Next? In terms of equity markets, today’s situation is identical to the one at 2000 and 2007 tops and I wouldn’t touch any equity on the long side with a ten foot pole.
What do you think? Would love to see your comments.
