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Doug Casey’s Investments To Avoid for 2019 (Part2)
Although cannabis stocks have been considered “hot” money, Doug Casey, founder of Casey Research, said that this sector is currently overbought, as is the overall equities market.
“I don’t like the overall stock market…point number two, I’ve been involved in these marijuana stocks, I think that you could never go wrong in two ways: underestimating the stupidity of the American public, or underestimating their desire for vice,” Casey told Kitco News on the sidelines of the Silver & Gold Summit in San Francisco, “unfortunately, it’s become a bubble, and it’s peaking.”
On commodities, Casey thinks that there is more upside still, saying that he is “a commodities bull.” (show less)
Although cannabis stocks have been considered “hot” money, Doug Casey, founder of Casey Research, said that this sector is currently overbought, as is the overall equities market.
“I don’t like the overall stock market…point number two, I’ve been involved in these marijuana stocks, I think that you could never go wrong in two ways: underestimating the stupidity of the American public, or underestimating their desire for vice,” Casey told Kitco News on the ... (read more)
Silver and Gold Summit 2018
The Silver and Gold Summit facilitates discussions and debates on precious metals trends, geopolitical risk and investment opportunities within the natural resource economy. Gathering the top thought leaders, CEO’s, investment professionals and retail investors from around the world, the Silver and Gold Summit provides an unmatched opportunity for investors to get a behind the scenes look at how to make money investing in the resource industry. Tremendous wealth will be created in this new resource bull market.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
