Gold To Trade Flat, S&P Could Reach 2100: Belpoint Chief Strategist

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Kitco News speaks with Belpoint Chief Strategist David Nelson about stocks and the U.S. economic recovery and what it could all mean for gold. Nelson says the bond market is the big “elephant in the room” for investors now because he expects interest rates to rise. “I do think we will see a U.S. recovery though and we even saw some evidence of that in today’s ADP numbers. They were outstanding,” Nelson says. “I suspect that gold will probably not decline from here but probably be flat with the fear that the Fed is going to taper. And I’m pretty certain that’s going to happen sometime next year.” With regards to the stock market, Nelson says that although he can make the case that it is overbought, he is still bullish on equities for most of next year. “I am probably going to stay fully invested,” he adds. Nelson also shares his thoughts on one investment to avoid next year. “Long-dated bonds for sure, just avoid that!” Tune in now to hear how he would invest his money in 2014. Kitco News, December 4, 2013.

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