-- Published: Sunday, 8 June 2014 | Print | Disqus
Featured Guests
James Turk & David Gurwitz
James Turk, from GoldMoney.com, co-author of the bestseller,The Money Bubble, returns to the show with a gold market update. The ECB surprised investors this week, dropping the benchmark overnight lending rate into negative territory, down to -.1%. James Turk notes that the EU is sending a stark message, that the purchasing power of the Euro currency will be devalued, presenting an ideal opportunity to procure bargain priced precious metals. Central banks are panicking around the globe, their theories are premised on false ontology's and epistemologies, doomed to fail. Central banking officials have forgotten that government does not create wealth, its sole purpose is to facilitate the economic engine and promote the general welfare. Excessive taxation erodes living standards at precisely the time when businesses, families and individuals need assistance the most. China and Russia just signed an energy deal using Yuan and Rubles, further jeopardizing the hegemony of the petrodollar arrangement. Nevertheless, the time may not be too distant when no fiat currency will be accepted as payment for energy imports, at time when gold is the only means to procure crude oil across borders. Since it's virtually impossible to know when the endgame will come to pass, dollar cost averaging into tangible assets such as oil companies, oil wells, mining companies and precious metals investments is advisable.
Working with the head of Nenner Research, David Gurwitz uses advanced mathematical models / algorithms to identify profitable patterns in the market, such as the Fibonacci ratio, the Golden Mean (Phi: 1.618). Their models correctly predicted the gold peak in 2011 and are now forecasting a new gold bull market. Stocks and bonds may be the investments du jour, but soon both markets will enter multi-decade downturns along with the US dollar, all positive events for the precious metals sector. In addition, gold stocks will enter a new bullish cycle as well, after the underlying metals put in a convincing nadir.
Managing Director at Charles Nenner Research. David Gurwitz serves as the Managing Director of Charles Nenner Research. He is responsible for working directly with clients to assess the markets, and has been working hand in hand with cycle forecaster Charles Nenner for almost a decade. The email-based service provides unique analysis of stocks, bonds, currencies, commodities and economic indicators. David speaks regularly with clients worldwide: hedge funds, family offices, pension funds, brokers and private individuals. David is a J.D., MBA and CPA. He graduated from Brandeis University before getting his MBA from NYU. David worked in merchant banking just prior to joining the company. Like Charles, David shares a love of music, is an avid composer and pianist, and is a sought after speaker in the media and at conferences.
James Turk is founder of GoldMoney.com, which operates the leading digital gold currency. He also publishes the Freemarket Gold & Money Report, an investment newsletter he founded in 1987. Previously, after a decade with the international department of Chase Manhattan Bank, he managed the commodity department of the Abu Dhabi Investment Authority. His media appearances include GoldSeek.com, CNN, Bloomberg, CBSMarketWatch, CNBC, Barron’s, the Wall Street Journal, and Financial Sense Online.
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