-- Published: Sunday, 5 October 2014 | Print | Disqus
Featured Guests
Bill Murphy & Bob Hoye
Bill Murphy Summary:
Bill Murphy lives near Ebola ground zero, only 3-4 miles away from the first domestic case of Ebola.
The virus incubation period is not widely known, one source indicates that 21 days after exposure are required before symptoms emerge, making containment a challenging affair and the threat of a pandemic more probable.
Although solid US sanitation / health care facilities could limit the extent of the potential epidemic, the 50%-70% death rate combined with warnings from the UN of potential airborne transmission warrants close monitoring.
Liberia has reported 13% inflation, and empty grocery shelves due to panic - the economy is in shambles; citizens are afraid to shop, travel or even commute to work in some cases.
The host suggests purchasing Tyvek suits, gloves and N95 masks, costing less than $10; keeping in cars and at home - stockpiling several months of canned goods, medicine, toiletries, batteries, solar power, radio communications, cash and precious metals is advisable.
Bill Murphy suggests that Ebola could significantly curtail mining operations, putting upward pressure on price.
Bill Murphy notes that when silver dropped below cost of production the open interest skyrocketed, implying that the smart money is quietly accumulating in anticipation of much higher prices.
At 71, the gold to silver ratio pendulum has hyperextended, making silver a phenomenal relative value.
Bob Hoye Summary:
The gold / silver ratio has leaped to 71, presenting a relative bargain opportunity for silver investors.
Gold and commodities would be flying skyward were it not for the coordinated efforts of global central bankers.
Bob anticipates an advantageous buying opportunity for precious metals investors in the next few weeks.
Gold aficionados can discount dollar strength, using the precedent set in the 1970's, where gold equities ascended despite dollar appreciation
The economic recovery was merely smoke and mirrors; as the fact becomes more widely disseminated, capital will flow from paper assets directly into gold and silver, nurturing and fostering the most exciting phase of the bull market.
With a degree in geophysics and a number of fascinating summers in mining exploration, one winter in "the bush" quickly led Bob into the financial markets. This included experience on the trading desk and in the research department of a large investment dealer, which led to institutional stock and bond sales.
Bob's review of financial history provided the forecasting models designed to anticipate significant trend reversals in the sometimes alarming volatility typical of the transition from rampant speculation in tangible assets to fabulous speculation in financial assets.
In anticipation of the latter opportunity, a monthly publication for financial institutions was started in January 1982.
This competently covered the stock market, the yield curve, credit spreads as well as metal and energy prices.
In 1998 the Institutional Advisors website was started as a forum for unique and reliable financial research.
Bill Murphy, GATA Chairman Murphy grew up in Glen Ridge, N.J., and graduated from the School of Hotel Administration at Cornell University in 1968. In his senior year he broke all the Ivy League single-year pass-receving records. He then became a starting wide receiver for the Boston Patriots of the American Football League. He went on to work for various Wall Street brokerage firms and specialized in commodity futures. He began as a Merrill Lynch trainee and went on to Shearson Hayden Stone and Drexel Burnham. From there he became affiliated with introducing brokers and eventually started his own brokerage on 5th Avenue in New York. He now operates an Internet site for financial commentary, www.lemetropolecafe.com.
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