Alex Wallenwein goes schlock Gothick:
Employment figures, the Thornburg collapse, Carlysle Group troubles, sky-high oil prices, rampant inflation, the dollar-crash, and neverending Fed bailouts of fast failing super banks are pounding the stake deeper and deeper into the global debt-vampire's heart. He will find his much-deserved rest before long. Unfortunately, the portfolios of careless and gullible retail investors, consisting largely of Dracula's debt-spawn, will die along with their master.
I'd give him a "Highly Commended" in the Sackerson's Prose Prize competition for that first, rolling sentence. But he gets pretty apocalyptic, too:
The next Dow-bottom will plumb depths not seen since the early 1990's, maybe even the 1980's!
The early 90s saw the Dow around the 3,000 - 5,000 range. Eat that, Robert McHugh.
Then he shoots for the moon:
... gold can easily go past $3,000 per ounce this year
- and makes a reckless recommendation:
If anyone still has money in any stocks or mutual funds, it's time to exit.
Overstated, I think - but completely wrong? Maybe not.
1 comment:
I read most of Alex Wallenwein articles and found him exremely khowledgable in gold and silver and the history of gold and its political economics based on facts! and that is what I had verified and please with his writings. So I suggest to all to make sure own gold and start protect themsleves. GOLD AND SILVER IS GOD's money! and the currency papers have no value! Anyone can print papers! But can you print GOLD!
Post a Comment