The report gold shorts wasn't just from BOA but also JPM reported the same. Every bank will be reporting the same in fact. I didn't do the stripping out, its a way that all professional gold traders look at spec trading in gold.
Look we obviously have different views & that's what a market is about.
And yes not all equities are over valued, some may do ok, however its my view in general that they are by quite some margin considering the economic backdrop & even better performing stocks will be dragged down by the others as sentiment wanes on equities. Again its my view & I'm trading to it.
Gold stocks I trade have all PE's under 10 & most of them around 4-5.
Obviously they will perform or not relative to the POG & the currency that impacts them.
In regards Rickards etc I am not a fan so although we may agree on some things its more than likely coincidental.
