Alan Greenspan is very bullish on the price of gold. He talked favorably about the price of gold. Yet the one thing that Greenspan still does not want to do is to accept any responsibilities. He does not want to accept the blame for all the bad things that he now thinks are coming. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))
Feb 22, 2017
The Stock Market Is Going Way Down In Gold Terms
A good way to measure the stock market is in terms of gold. Let's say right now the Dow jones Industrials Average (DJIA) is worth about sixteen ounces of gold. Let's say the stock market gets cut in half, them it is worth eight ounces of gold or the stock market stays the same and gold prices double from here, it's worth eight ounces of gold too. The stock market in terms of gold is going way down! I think it's going a lot lower than eight. (SPDR Gold Trust ETF (GLD), SPDR Dow Jones Industrial Average ETF (DIA))
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