RE: Gluskin Sheff's David Rosenberg: Gold Will Hit Respectfully ... Rosenberg is only half correct. The same inflationary forces that drive gold to $3,000/oz will drive world equity markets higher. The DOW and S&P will make new highs by December 31, 2012.
The great inflation is about to be unleashed ... all asset classes are about to go on a significant rally.
Bernanke has to create the illusion of growth ... this will be done by propping up equities ... which will increase corporate and personal spending. Equity markets will not be allowed to crash!!! If they do, we are all friggin' doomed as corporations and consumers go into a shell and hunker down with their spending.
The DOW, worst case, will fall to 12,000MT this summer. This will allow the fast moving averages (50/100 days) a chance to roll over and converge with the 200/300 day moving averages. When the 50/100 day moving averages touch the slow moving averages ... it will form the launch pad for equities ... new highs by the end of the year.
Commodities will also lift off after a brief round of consolidation.
Just my humble opinion. We are close to a bottom here. And me thinks we are finally going to enjoy the junior resource bull market of all time.
Just my humble opinion.
rise1