Gold can easily go to $400 an ounce if the Fed is really stopping QE.
Have you considered that gold in fact is very overpriced now that quantitative easing is over? You can realistically make a case for $400 an ounce.
Go get some.
Wow today is going to be even worse than I thought. Grantham is sticking to his guns, saying we straight up for 2 more years. He still thinks only 2350 area for the high but heck we've done 200 points in 2 weeks, 2350 is low IMO. We could be 3000 by then. HSGFX would be 6.66 or so which might be appropriate. Interestingly Grantham is not long stocks, he thinks we go to 2350 then 1150. Even if that happened HSGFX would be lower than the current price after a drop to 1150. The Fed absolutely beat the bears forever.
Well, we have two things on our side. Absolute level of VIX doesn't matter as long as we have contango, and the Fed will never allow a meaningful correction in stocks as we saw recently. Personally I think you will see the S&P at 3000 and XIV at 150 in 24 months. We'll see how it plays out.
It does look safe at least for quite a while. The Fed is now "all in", the Fed cannot and will not ever raise rates, and this is a positive season for the markets. Should hit 205-210 by Christmas. From 182 that'll be an insane 15% rise in 10 weeks. LOL!
LOL the boys sure are getting fancy now.
Well, when SPY was 150 I heard a lot of people saying it should go back to 130. Then at 170, it was 150. Now it's 180. Soon I expect SPY will be 250 and people will be wanting it to go back to 230. That's just how bubbles work.