Ian Gordon, President of Longwave Analytics is sticking by his call that the Dow is headed to 1,000.
We are still in a “Kondratieff winter”, he says, but central bank money printing is delaying the clearance of the enormous debt accumulated over the three former Kondratieff seasons. Natural market forces, however, will overpower central bank interference, there is significant downside risk for stocks, and we will return to “natural” (i.e., gold and silver) money.
This podcast was recorded on 6 February 2013. It can also be heard at Goldmoney - GoldMoney - the best way to buy gold and silver.
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Ian Gordon says Dow to 1,000