Jeff Gundlach Says Stay Long Gold, as Top Citi Analyst Turns Bullish on Commodities

from King World News

Jeff Gundlach says stay long gold and he also discussed why stocks are headed much lower. There is a note included from top Citi analyst Tom Fitzpatrick.

Here is a portion from Art Cashin’s note today: Gundlach On The Markets – Jeff Gundlach of DoubleLine Capital caused some ripples with a webcast he did yesterday. Here are some highlights from a Bloomberg piece on the webcast:

The Standard & Poor’s 500 Index has about 2 percent upside and 20 percent downside, making for a lousy risk-reward trade-off, according to money manager Jeffrey Gundlach.

Betting on stocks is a “big losing proposition,” Gundlach said Tuesday during a webcast. The recent rebound is a “bear market rally,” he said.

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