Taking a longer term outlook, Leibovit thinks "we're in for five or six years of hell," with the Dow tumbling to about 2,000. So where should investors put their money? Consider cash and gold.
Read Whole Story
One of the catalysts for higher gold prices is a significant flip-flop by central banks, which have switched from gold sellers to gold buyers. As a result something above $1,000 an ounce is shaping up as a new floor for the metal.
Interestingly, September -- not as widely thought, October -- produced the single greatest monthly crash on a percentage basis.
The precious metal, many gold traders gripe, is not getting the respect it deserves. A surge to new highs is just around the corner.
Get top stories and blogs posts emailed to you each day.