PG here, Daniela Camboni ITM Trading. Rosenberg Nails It: Called for “Humungous” Dips in Gold, Silver — $6,000 Not Off the Table https://www.youtube.com/watch?v=vcgvrPRtt-E Veteran economist David Rosenberg delivers a sobering diagnosis of market euphoria, warning of parabolic excess and a looming reality check. Rosenberg frames the frenzied energy at the Vancouver conference as a dangerous sign, noting it feels like “a tech conference back in 1999.”
He points to silver’s wild surge and gold’s relentless climb past his own targets as signals of an overheated market, stating, “When anything goes up, vertical, completely vertical, like asymptotically north, you got to be wondering what's going on… These are not normal moves.” “Successful investing… is you play the middle 60% of the cycle. You don't try and time the lows or the peaks… I’ve never met anybody that can do it.” Watch his perspective on the U.S. dollar, the S&P, and the outlook for the metals market.