2035CRASH

 

Derek Webb,  a speaks-plain english guy managing money from san francisco.

 

watch the

2 minutes from 11:35 to 14:00

of the clip

 

some good bigger-picture general comments re: precious metals and “monetary inflation” are made.

  

short term i expect  a correction in gold stocks.  right now everyone is ga-ga over gold but short term it is likely overdone and there could be a 10-20% correction from here. if there is, (likely april-jun09), that would be an opportune time to position oneself.

 

longer term, hard assets such as precious metals are a no-brainer hold everyone should have a core position in precious metals. probably the ideal time to establish a position will be may2009 from now thru may2009 i expect gold stocks to tread water

 

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some of the information cited at 11:40 of the clip from sprott asset mgmt.