Some observations from him:
- The Fed will be reducing their bond purchases and we can expect some language to that effect today.
- Nobody is making money anywhere in the market right now, stocks/bonds/gold are all doing poorly and that is because investors see Central Banks tightening up liquidity.
- If there was one thing he would buy today it would actually be long-term government bonds because there is no inflation anywhere.
- He expects gold to continue hitting new lows.
Watch the video below for his other comments: