Kitco News, Released on 10/27/17
Ron Paul sees a lot of pain in store for Wall Street. The former congressman and now a chief ambassador to Goldco sees as much as a 50 percent correction in store for equities. “A 50 percent pullback is possible,” Paul said, doubling down on his original June forecast of a 25% correction. If correct, his forecast would cut the S&P 500 Index in half to around 1280, or the Dow Jones Industrial Average to about 11,700.