David Tice: S&P Falls To $1,000, Gold Rises To $2,500, Likes Silver Even More (Video)

Img: FoxBusiness.com
Here's some doom and gloom for your morning. In an interview with Fox Business on 3/20, David Tice, president of Tice Capital, and founder/former manager of the Prudent Bear Fund (acquired by Federated Investors), said the S&P will fall to $1,000 in the next 18 months, and gold will rise to $2,500 as central banks (Fed, ECB and... BoJ?) "destroy their currencies." Keep an eye on the long term chart of gold. He said he liked silver more than gold, and sees big problems ahead when interest rates rise.

"It's really irresponsible how short our duration is of our government debt. The administration is going out and borrowing at 80 basis points for paper under 2 years. And when rates do go up, and rates are going to go up, our fiscal deficit is going to explode."




Source: Fox Business, hat tip Business Insider.

Here's another post you might find interesting on the Dow falling to 6,000 (featuring Charles Biderman).

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