I don’peter schiff bitcoin connect bitcoin and gold at all. Bitcoin is not transparent and it uses an enormous amount of power, contributing to global warming.
Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. Bob Hoye of Institutional Advisors rejoins the show with upbeat commentary on the PM’s sector. If the current price hike trend continues with two more anticipated by the FOMC this year, the inversion could portend trouble for the financial markets. Our guest notes that the US has two previous failed experiments in trade tariffs, first “The Tariff of Abominations of 1825,” and the 1930 Smoot-Hawley Act. Both Tariff Acts were accused of exacerbating the unemployment, slowing economic growth and curtailing global trade. Officials are advised to proceed cautiously with the current trade tariffs to avoid crushing global economic contraction, collapsing global trade and widespread unemployment.
Stagflation has positive implications for the PMs sector, as illustrated by the 1970’s gold bull market, case study. Fed policymakers will reverse hawkish rate hikes and resume dovish rate cuts to restore normalcy to the markets. According to some economists, this exacerbated the Great Depression. The duo examine if the current trade war could be combine with higher rates to foment a new Great Recession. Our guest outlines a possible case for hyperinflation, similar to Venezuela, where the Bolivar went from near parity with the US dollar, to virtually zero, requiring tens of millions of Bolivar to purchase a single ounce of gold.
Head of The Morgan Report, David Morgan rejoins the show with comments on the PMs sector noting that gold remains a “free lunch” diversification asset. The most negatively correlated asset to the US stock market is gold. The new trade war resembles the Smoot-Hawley Tariff Act of 1930, which ultimately lead to losses in US jobs and exports abroad. 88 years later, the US economy has hemorrhaged 500,000 top paying manufacturing jobs per year for over one decade, over 5 million fewer jobs. Our guests applies Elliott Wave analysis to the gold market, noting that the early I and II waves have passed. III is now gaining momentum to send the market to new record figures.
2,500, our guest suggests a blow-off phase could commence sending the precious metals higher by several fold. Building a solid portfolio with balanced betas combined with portfolio alpha-boosting services like the Alpha Stocks Newsletter can enhance profits. Head of The Morgan Report, David Morgan rejoins the show with comments on the PMs sector noting that gold remains a “free lunch” diversification asset, “the most negatively correlated asset to the US stock market. The financial sector tends to lead the market, which is a bad omen for bulls as many financial stocks continue to underperform. The Dow Utilities Index, a perennial favorite leading-indicator remains close to the April highs. If price closes above 711, the current stock market weakness may represent a passing anomaly. 30 blue chip stocks currently indicates an upside limit of 28,000.
The lower limit of 23,000 and the highest probability of 25,000-26,500. Using financial history as a playbook the current 9-year secular bull-market could extend beyond the imagination and margin of the most ardent bears. OPEC announced lower than expected daily oil output of 600,000 barrels per day, sending the price soaring this week. US trading partners have recycled trillions of US dollars vis-à-vis the massive trade deficit, by way of buying US Treasuries, resulting in the longest bond bull. The four decade theme could be reversing on reports that the BRICS nations are dumping US debt, including Russia, which just sold half of its US Treasuries. 75 million Bolivars in just a few months time.
75 Million Bolivar – Hyperinflation in Ven. Rich Dad expects for most investors to relinquish gains via illiquid assets such as sluggish mutual funds. The investor herd has little knowledge of key alternatives to equities, which will further exacerbate the dilemma. Gold remains the ideal hedge against inflationary economic policies and unscrupulous activities. In 2000, the US dollar was the de facto currency to own – today investors have many alternatives, such as the Euro, Bitcoin, PMs, etc. Gold is the best financial portfolio insurance policy, the only money official sanctioned from above, “Gold is God’s money. For investors seeking income, dividend yielding US equities are advisable, notes our guest.
What could drive PMs prices higher? Our trading “partners” are already starting to make it clear that they don’t need us. Tensions between the US and key nations continues to ratchet up on the heels of Group of Seven nations talks in Canada this past weekend. The trade feud between Washington and Canada, Mexico, Europe, and China is intensifying.
French President Emmanuel Macron proposed the US is wrecking global diplomatic relations, calling for the US to be removed from the G-7 group. According to Labor Department report, US jobless claims fell slightly this month, with the number of layoffs in the U. Initial weekly jobless claims dropped 1,000 to 222,000 for the week ended June 2. The number of Americans filing for unemployment benefits unexpectedly declined indicating tighter labor conditions.