Over a hundred interview were produced by Yahoo's Tech Ticker with some of the world's finest analysts, but Howard Davidowitz of Davidowitz and Associates, is the audience's favorite guest for the year. His end of the world forecasts is still not clear, however what he lacks in fortune telling skills he makes up for in entertainment value.
In an interview to Bloomberg hedge fund manager and chief executive of Sprott Asset Management Eric Sprott expects stock prices to drop 40%, as the economy remains in recession while the Standard & Poor’s 500 Index will drop below its 12th March closing low of 676.53.
Dow is selling for about 10500 below its year 2000 price. Gold is selling for over 1100, four times its year 2000 price. So what does that tell us? Gold has represented the standard for wealth for over 5000 years. Consequently the above tells us that the Dow and the stock market have failed to conserve our wealth. Even in the face of all the bad-mouthing, how is it that gold has risen from 280 to 1100? Clearly, some investors have been buying the precious metal, all the while ignoring the nonsense spewed by the anti-gold elements.