Barclays Bk PLC iPath Dow JonesUBS Platinum Subindex Total Return ETN Exp 24th Jun 2038 V.PGM

RE:RE:RE:RE:RE:RE:Mr. Pre-Market

[Welchspring]

I was a big believer in have gold stocks as a safe haven if the market equities when through a correction. In most cases, a small correction 10% - 15% helps gold stock prices increase. During the dotcom period gold stocks were a safe haven and I was very pleased with the investment. 

However, in today's environment there are so many negative issues going on. The major concern is that the equity market is way overvalued and the economy is going in the opposite direction. People aren't facing up to the fact that in order to have growth in the stock market you also need to have a growing economy. Unfortunately the economy is shrinking and with a continued spread in the stock market prices and a shrinking economy we are headed for a major market correction. How much of a correction I have no idea but I do know the more paroblic the stock market the larger the fall when a correction does occur.