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Crisis Outlook for Gold, Euro, S&P 500

CNBC.com
Monday, 6 Oct 2008 | 12:54 PM ET
S&P, Euro, Gold to Fall Further
More downside for the S&P 500 index, at least for the short term; further weakening for the euro, all the way down to $1.30 and possibly lower; and gold could drop back toward $750 before rallying towards $1,400, Robin Griffiths from Cazenove Capital said Monday.

Three market predictions: Robin Griffiths at Cazenove Capital told CNBC he sees the euro/dollar falling to $1.30 — and possibly lower; the S&P 500 will continue to plummet; and gold may slip to $750 — before rallying toward $1,400.

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Currencies ETFs:

- PowerShares DB US Dollar Index Bullish
- PowerShares DB US Dollar Index Bearish Fund
- CurrencyShares Euro Trust ETF

Gold ETFs:

- Market Vectors Gold Miners ETF
- SPDR Gold Shares

Disclosures:

Disclosure information was not available for Griffiths or his company.

Disclaimer

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