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Tanzanian Royalty Exploration Corp. Message Board

  • jj719903 jj719903 Apr 25, 2013 11:33 AM Flag

    Warning! Stocks to Crash, Gold to Top $10,000: Albert Edwards

    CNBC Thursday April 25, 2013

    Gold prices will top $10,000 per ounce, the stock market will tank and Treasurys will yield less than 1 percent, Societe Generale's Albert Edwards forecast in a trademark bearish report on Thursday.

    Sliding Yen Could Herald New Asian Currency Crisis: Albert Edwards)

    "My working experience of the last 30 years has convinced me that policymakers' efforts to manage the economic cycle have actually made things far more volatile… The current round of quantitative easing will be no different," said Edwards in a weekly strategy report.
    "We have written previously, quoting Marc Faber, that 'The Fed Will Destroy the World' through their money printing. Rapid inflation surely beckons. But that will not occur without firstly a Japanese-style loss of confidence in policymakers as we dive back into recession and produce dislocative market moves."

    Marc Faber: If I Were Bernanke, I Would Resign)

    In the note, Edwards said central banks' stimulus measures will drive the world towards global recession, soaring inflation and a "Japanese-style" loss of confidence in policymakers.

    "We may have seen the peak of nominal U.S. GDP growth for this cycle. An unfolding recession should see 10-year bond yields dragged ever lower and the Fed moving to QE infinity (squared)," he said.

    Edwards advised investors to take refuge in gold, and added that gold's current fall-off was still in sync with his ultra-bullish outlook on the precious metal.

    "Gold corrected 47 percent from 1974-1976, before rising more than eight times to $887 per ounce in 1980. A steep correction is normal before the parabolic move…Holding gold is a bet against central banks competency and given their track record that is certainly a bet I'd be happy to still take," he said.

    Sentiment: Strong Buy

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    • Gold corrected 47 percent from 1974-1976, before rising more than eight times to $887 per ounce in 1980. A steep correction is normal before the parabolic move
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      too bad Sinclair didn't warn you guys. "stop trading" "emergency meeting" etc etc

      • 1 Reply to keepshorting
      • too bad Sinclair didn't warn you guys. In 1980, the fractional reserve gold ponzi scheme was not known. History never repeats exactly! A 32% correction that Monty Guild called was healthy. Which country is going to hope it corrects 47% a possibly miss out on unprecedented physical demand. Do you think they will wait like germany, for the gold to be mined?

        Sentiment: Strong Buy

 
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