Monday, June 13, 2016

Big Names Are Bailing,
More Warnings From Big Investors
John Rubino highlights the growing list of heavy hitters who are saying bad things about this world & its financial markets .. "Of course for every seller there has to be a buyer, so to the extent that these guys are bearish, an equal amount of optimistic capital disagrees with their assessment. Still, between Soros, Druckenmiller, Icahn and Zell there’s about a thousand years of successful, audacious experience, so at a minimum their sudden bearishness should be a comfort to smaller players who have reached the same conclusion. The fact that they see gold as the antidote to crashing financial markets is also reassuring for long-suffering gold bugs. If these and the several other big names now saying scary things (see Bill Gross’s supernova comments) are right, the short stocks/long gold trade is finally about to pay off."
LINK HERE to the commentary

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