Precious metals are going to party like it's the 1970s, reckons Albert Edwards [Yahoo! Finance]
SOCIETE GENL FRNCE S/ADR (SCGLY)
NASDAQ:AMEX Investor Relations:
societegenerale.com/en/investors
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Source: Yahoo! Finance
Albert Edwards, the notoriously bearish global strategist from Societe Generale, is bullish on precious metals and thinks that, far from resembling a classic investment bubble, the party might just be getting started. Gen Z would rather cut Social Security benefits for current retirees than pay higher taxes to save the program ‘The stress at my job is getting worse every day': I'm 61, earn $177K, and have a 401(k) with $965K. Do I retire and downsize? In his weekly strategy note published Wednesday, Edwards is especially focused on gold and takes particular issue with the recent warning from the Bank of International Settlements of a “double bubble risk” in the elevated prices of both global stocks and gold GC00. Edwards is on record as explaining the booming gold price as a direct result of what he calls “fiscal incontinence” by governments engaged in unsustainable spending splurges, and the anticipation by markets of both quantitative easing and yield curve control, with QE
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News
- Wall Street Sees a Rare Earnings Streak Brewing -- And the Clock Is Ticking [Yahoo! Finance]Yahoo! Finance
- Societe Generale: Information regarding executed transactions within the framework of a share buy-back programme [Yahoo! Finance]Yahoo! Finance
- SocGen's Overnight Economic News Summary [Yahoo! Finance]Yahoo! Finance
- Currencies on guard ahead of major central bank decisions, U.S. data releases [CNBC]CNBC
- Societe Generale Group (OTCMKTS:SCGLY) had its "buy" rating reaffirmed by analysts at Citigroup Inc..MarketBeat