Bill Murphy ofGATA.orgreturns to the show with fresh insights on the recent PMs shares rally that continues to parallel the success of the US shares.
One positive contrarian indicator, coin shop owners are telling our guest that demand remains sluggish, despite the strong upward market activity.
John Q. Public has yet to jump on board the gold rush, a big indication of enormous pent-up future demand for the metals, a coiled spring.
The price action is wildly bullish, for 4 consecutive weeks amid an epic rally the bears failed to maul the market.
Every pullback resulted in resiliant price action, an extremely bullish sign that typically occurs most frequently in nascent bull markets.
Our guest is convinced that the PTB pulling the strings behind the market curtain, manipulating the price via dumping enormous tons of gold and silver.
Key strategic price points are running low on bullion to sell, just as demand is reviving.
This combination punch could present PMs bulls and the public a key opportunity to procure bullion at a reasonable valuation.
Key takeaway, silver remains the most important industrial PM and the 2nd most important semi-precious metal behind only copper selling around the cost of production or lower, making the current price at over 90:1 gold to silver ratio could be viewed as a firesale in the years to come.
Bob Hoye, Editor & Chief Investment Strategist of Bob Hoye.comrejoins the show with his view on why gold is the "go to" asset of the next decade.
Bob Hoye notes authoritarian forms of governance are struggling to salvage the global economy using outdated draconian economic measures.
He and his colleague define 3 key measures of market bubbles: momentum, pattern and sentiment.
Financial history rarely repeats, but it certainly rhymes according to our intrepid duo.
History reveals that financial market manipulation and human psychology combined with leverage rarely ends well.
The market bubble theme echoes throughout history even today, resulting in the greatest financial bubble of all time, threatening global hegemony.
Chris encourages investors to invest wisely via portfolio methods, instead of falling into the trap of forecasting, to outsmart millions of sharp investors.
The odds competing with up to a billion competitors in virtually any field is at least a wasteful endeavor.
Instead, a portfolio with diversified asset classes in a long-term uptrend with annual new cash put into low priced beta-balancing assets is preferable.
Solid undervalued assets include silver, the ideal investment formula for 99% of investors.
Bob Hoye and the host concur, a lengthy gold bull market is imminent, full speed ahead! Bob Hoye notes silver remains in tight demand conditions.
Silver represents a solid portfolio beta-balancing asset, especially given that recent 95:1 gold to silver ratio, and that the natural rate is approximately 15:1.
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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-receiving 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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