The market is now significantly overbought. The PE ratio of the S&P 500
index is up to 84 times earnings as a result of Fed programs. This is
where inflation lies. If the ratio was at normal levels, then the S&P
500 index would be more in the 400 to 600 range. This balloon is
unsustainable. A monthly close on the S&P 500 above 1080/1100
would signal a buy in stocks which can only occur if inflation has begun in
which case I would prefer Gold & Silver to anything else.
Remember Stocks, Bonds and paper currencies are all debt instruments
they are loaded with debt and liability conversely tangible gold has no
debts or liabilities.
DISCLAIMER: All of the provided information is believed to be accurate, however errors are possible. The opinions in the Commentary section do not necessarily reflect the opinions of GoldIRAS.com. Past performance of any investment is no guarantee of future performance. All investments have risk.
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