Yes, unfortunately, Rich is not immune. The last two investing reports on “gold and gold stocks” as well as the “US stock market is now priced for good returns” are a little off target, IMO. Gold had broken-down 6 months ago and will continue to break down for a while yet. The US stock market may enjoy this reaction cycle, but it wont last more than a few months before all the overwhelming bad news smashes it to new lows. The best and safest place to be right now is in the US$. This will probably be true for another 6 or more months. Check with Marc Faber and Bob Hoye for a historical perspective on where we’re at and headed. 2009 is going to be one for the record books and I dont mean that in a good way.
