Harry S. Dent was interviewed yesterday on GoldSeek Radio.
He believes that housing, equities, commodities including gold will fall — as any deflationist who understands currencies and markets do, that is 5 people including myself.
And like myself, he believes that currency crisis is far away and that deflation has to run its course for quite some time before we reach that level and that the bond markets will prevent State borrowings to continue and further stimulus (read waste of money) to happen. "If they could, they would" — but they can't do it.
Finally, he hedges his calls by saying that he wouldn't be surprised if gold move to up to $1,300 but that he would recommend selling if that was to happen.
As usual with Harry S. Dent, it's definitely worth listening to what he has to say (direct link to HQ mp3).