Bob Hoye, of Institutional Advisors, discusses gold, the stock markets and his outlook for a variety of asset classes.
We’re very bullish on the long-term for gold and for the gold producing stocks and the whole sector. But, I think the shake-out here will include gold stocks.
Mr. Hoye seems to have a similar opinion to what we discussed in Why Gold Can Still Go Down and what Karl Denninger wrote about in A Sober Reminder on Black Friday, suggesting that any negative hit to the stock market will also affect precious metals to the downside. When this will happen is certainly a matter of speculation, but it seems that the inverse correlation between the dollar and gold/stock markets will remain (for now) in the event of a rapid and violent down-turn.
For those waiting for a good price to stock up on more precious metals assets, keep your eye out, because if/when it does happen, it may be the last opportunity to move into sub-$1000 gold for a long time.
Listen to the audio interview with Howe Street to get an understanding of why and how Mr. Hoye comes to his conclusions.
It Took 22 Years to Get to This Point
The head of the Canadian province of Ontario, Doug Ford, has warned that it will retaliate against...
Iowa's governor Kim Reynolds has extended that bird flu "disaster declaration" after the virus was...
President-elect, Donald Trump has announced that he will enforce tariffs on Mexico, Canada, and...
This article was originally published by Tyler Durden at ZeroHedge. While it had been reported in...
Commenting Policy:
Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.
This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.
“Goodbye, Dubai.”
Nice.
Bob, is very good. Been reading and listening for years.  Though his timing is more for position trades and bigger institutions. His historical perspective is right on and he had the crash pegged near to the day on the 1929 30 pattern.