By Nick Rokke | July 25, 2018
Treasuries are on a “suicide mission.”
That’s what Jeffrey Gundlach told investors on a recent webcast.
Gundlach is a man we follow closely here at PBRG headquarters. His peers call him the “Bond King” because of his prescient calls…
In 2007, he warned that the subprime mortgage market would get worse. After his call, the market dropped a spectacular 70% from 2007 to 2009. Despite that, he made a cool $4 billion for his clients in 2009.
In 2015, he warned investors not to be fooled by a rally in oil. He pounded the table and said oil prices would crash. Later that year, oil crashed 42% from its peak, hitting a 13-year low.
In January 2016, he said gold would hit $1,400 per ounce. At the time, gold was trading at $1,050 per ounce. By early May 2016, gold had already hit a high of $1,305.