Michael Shaoul: This could be 2008 for the gold market

Michael Shaoul is a PhD and CEO of both Marketfield Asset Management and old school brokerage firm Oscar Gruss & Sons. And a very smart motherfucker.

He draws a parallel between gold falling from 1900 to as low as 1150 and the S&P’s peak to trough collapse in 2008 yesterday on Bloomberg TV:

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