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Gold will continue to rise and U.S. stocks remain cheap

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We recently had a chance to ask Tom Yorke of Oceanic Capital where he sees markets headed through the rest of 2012. Tom’s brief response:

Here are details on the three Oceanic Capital models on Covestor: Global Diversified Conservative, Global Diversified Moderate and Global Diversified Aggressive.

A transcript of Tom’s remarks:

Briefly, for 2012 I see some changes coming afoot.

First of all I think gold is going to figure significantly more this year than last and continue its eleven year uptrend.

I think U.S. equities are probably the cheapest equities out there. I’m still very nervous on international equities because I don’t think their problems are quite solved and I think the international crisis is going to cause the emerging market equities to kind of lag as well.

So at this stage I’m very bullish on gold, I’m most bullish on U.S. equities and I think commodities are going to be a quasi-play – that is, you probably need to have some, but it’s probably not going to be the best performing asset class this year.

AUTHOR

Tom Yorke
Tom Yorke
Oceanic Capital Management, LLC is a registered investment adviser based in New York. I am Tom Yorke, Oceanic’s Managing Director. I founded the company in 2008 after a 25-year career in institutional markets. Previously, I worked as Managing Director at Tokai Securities, and as a Vice President at Lehman Brothers. I believe that actively managed investment in alternative asset classes can potentially generate above average returns. My goal is to help create generational wealth through the use of longer-term investment strategies, diversification of assets, and a controlled-risk profile. As Managing Director at Oceanic, I maintain several securities registrations including registered representative, general securities principal, equity trader, options principal, and a registered investment adviser representative.

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