Arch's analysis indicates "the best gold buying opportunity in several years... add positions NOW!."
If the recent breakout holds as expected, "... the upside could carry gold above $2,000-$3,000+." Slowing momentum in US equities indexes.
However, the markets registered the highest nominal peak in national history, typical in a bull-market.
Arch Crawford suggests that the ultimate peak in US shares indexes could occur on the Labor Day holiday.
The host outlines his forecast for NASDAQ 10,000 within 12 months or less, if support levels hold.
Supporting shares, the new Fed rate-cutting cycle as well as those of global central banks.
The discussion veers to the recent trade skirmish between the US and it's largest trading partners.
The current Administration may have refuted the long held hypothesis held by the field of economics of the Smoot-Hawley Act triggered the Great Depression, adding further support for continued success in US shares in 2020.
Best selling authorand show Mentor, Dr. Stephen Leeb returns with insights on the financial markets.
Dr. Leeb is especially fond of the yellow metal, which recently touched a new 6-year record.
The BIS changed its stance on gold, which it now views as comparable to cash, boosting demand.
Ironically, gold is the true cash, while fiat remains merely a shell game attempt to procure more gold!
Dr. Leeb finds a floor in the price of gold above $1,300, noting it will adjust, "very, very, very high." In 1971, when the US abandoned the gold standard for good, the inflation genie was unshackled.
The duo concur, every portfolio can benefit from gold as a hedge against fiscal / monetary profligacy. During the interview, a news story noted new tariffs by the US on it's latest economic trading partner - Dr. Leeb finds the tax counterproductive to domestic/global economic growth.
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Arch Crawford cut his technical analysis teeth as first assistant to top Wall Street technician Robert Farrell at Merrill Lynch in the early 1960s. In 1977, following Archs extensive research into astrophysical phenomenon, astrology and its correlation to market performance, he edited and published the premiere issue of Crawford Perspectives market timing newsletter.
Today, nearly 40 years later, Crawford Perspectives continues to bring readers one of the most highly regarded and consistently accurate market timing newsletters available.
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