What John Howell said in this video:
- Oil & Energypositive for stocksThe host briefly reiterates that the energy sector remains king, consistent with his earlier posted view on energy.Source
- Othernegative for stockslong-termThe host's year-long core thesis: the gold bull market is over, a head-and-shoulders breakdown is playing out, and he expects at least a 50% retracement with downside to $3,500, possibly $3,000; any bounce is a sucker rally.Source
- Othernegative for stocksshort-termThe host warns that any near-term bounce in gold is not a bottom but another sucker rally in a bear market that should be sold into.Source
- Othernegative for stocksmid-termThe host says silver has been crushed and is approaching his first target near the $40 resistance level, and he actually expects it to go somewhat lower.Source