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(单词翻译:双击或拖选)
So you are drawing quite a bleak1 picture, you've talked about the deflationary environment. Is there anything that's safe? Any assets?
This is a period of great uncertainty2, so nothing is very safe. Gold?
Well, gold is the only actual bull market currently, just made a new high, uh, I think yesterday. And the present circum-stances that may continue. It will be very interesting to see whether there will be a decline in the next few weeks because practically everything that makes a new high almost immediately afterwards reverses and disappoints the bulls. That's ... For psychological reasons, you think? No, I think it's the current situation, uh, so it will be interesting to see. But I called the gold the ultimate bubble, which means that it may be going higher but it's certainly not safe and it's not going to last forever.
1 bleak | |
adj.(天气)阴冷的;凄凉的;暗淡的 | |
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2 uncertainty | |
n.易变,靠不住,不确知,不确定的事物 | |
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