Jeremy Grantham predicts selloffWho is Jeremy Grantham---who knows, some kind of sage person so they say on Blumberg; anyway he says the bubble is ripe to burst (where have I heard that before). One of his main points seems to be that the Fed would not have much ability to jump in and stop the carnage; were the Fed to up Quanititative Easing it would be like pouring gasoline on inflation---the Fed is no the verge of raising interest rates in March to fight inflation. etc etc, JG obviously has his detractors, just saying what I heard. Also I saw the CEO of Sprott on BNN and he seemed confident that more and more will be going to safe haven precious metals.
I think we're ok, I think OGC is a steal at these prices. Have a good weekend. IMO