Gold & The Most Remarkable Thing I’ve Seen In 50 Years
July 18, 2013
With oil surging to $108, and the Dow Jones hitting all-time highs, today one of the savviest individuals in the business spoke with King World News about gold and the most remarkable thing he’s seen in 50 years. Jeffrey Saut, who is Chief Investment Strategist for $360 billion Raymond James, also discussed stocks hitting all-time highs, the panicked shorts, and included a truly fascinating gold chart along with his comments.
Saut: “Today is day 137 of the longest buying stampede I have seen in my entire 50-year career, and possibly in history. The previous record I have in my 50 years of notes ended at 53 trading sessions.
We have not had four consecutive down days for the Dow so far this year. But I think we are nearing an intermediate-term top….