Harry Dent: Gold and Silver Bubbles Next to Burst

By on August 9, 2011

Liz Claman of Fox News interviewed Harry Dent yesterday [see video below].  Dent indicated the S&P 500 crossing the 1,130 level was a bad sign for the stock market.  He also pointed out that private indebtedness is triple that of the government and there will be a long period of deleveraging.  He said investors shouldn’t panic, but wait for a significant bounce before they sell their stocks.

Dent considers gold and silver to be in a bubble which investors shouldn’t buy into.  Dent eventually sees the Dow hitting 3,300.

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