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Rob Isbitts:
Gold is kind of been [zero] the last three years, I mean a three year return of GLD, which is a one of the prominent ETF that tracks the price of gold, is actually slightly down over three years, close to flat through the first four months of this year. And you know, I think at some point the inflation fears will be stoked, but who the heck knows went up. So, and, and I think, look, there's two reasons why people would, I think look to own gold- two common reasons to me. You either want an inflation hedge or you want to invest in something that is perceived to be a currency. And if you're US based investor, like many of our listeners and readers are. Well, if the US dollar were to ever start to weaken, you know, gold and other foreign currencies, or I should say gold and foreign currencies become a viable alternative for part of the portfolio, almost even as something you might use in place of a cash balance. However, I think you have to have either running inflation or fear of inflation or you have to fall in US dollar and we don't have it either right now.

Investment markets can be confusing. To try to cut through the chatter and investment slang, we present this monthly view to you from TheStreet's Contributor Rob Isbitts. Isbitts is the chief investment strategist for Sungarden Investment Research and also contributes to TheStreet's Retirement Daily.

In this month's report. Isbitts says "It's quiet. Too quiet." He adds, "The current stock market environment reminds me of a hurricane. Specifically, the eye of the hurricane -- the sunny, calm respite between the front and back sides of the storm. The month of April did nothing to change my mind."

In this episode of TheStreet's Retirement Daily podcast Isbitts takes a look at the current state of the stock market, the bond market, key market stress points and an actionable plan. Read it all here: May's Market Outlook: It's Too Quiet Out There.

Listen to the audiogram above where Isbitts tackles Gold and oil ETFs and whether it's right for your retirement planning. 


Need help preparing for retirement? Check out Retirement Daily.