(L) Gold & Gold Miners⚑ Joe Mac's Market ViewpointsCommodities

Joe Mac’s Market Viewpoint: Four Reasons I Like Hard Assets, Especially Gold

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At the end of 2014 I described myself as a reluctant bear on the U.S. stock market. For a while that position seemed out of touch as stock prices surged to all time highs during the first 5 months of 2015, but the S&P’s 12% correction from its peak in May now suggests otherwise. However, based on extended valuations, lagging small caps, and a more hawkish path toward the normalization of interest rates, the really big decline I have been looking for is, in my view, still lurking dead ...

 

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