Gary Savage – Thu 20 Mar, 2014

We are in a wait and see period for the metals and the dollar

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Featuring:
Cory FleckGary Savage

Comments:
  1. On March 20, 2014 at 9:09 am,
    CFS says:

    Yeh, But…..
    The dollar is going down and Gold is going up.

    • On March 20, 2014 at 2:48 pm,
      Big Al says:

      Well, not today.

  2. On March 20, 2014 at 9:30 am,
    CFS says:

    We are just about to get hit with significant inflation.
    The Fed will be powerless to stop the rise of inflation, because they no longer have the power to raise interest rates.
    It is this rise in inflation (price inflation) that will start the rise in money velocity.
    It is the rise in velocity which will drive us into Hyperinflation in a few years, unless the economy totally collapses.
    http://www.mybudget360.com/soft-default-central-banks-push-rates-lower-ponzi-style/

    • On March 21, 2014 at 3:53 am,
      Shad says:

      Great Interview guys. Gary’s insights have been spot on lately and the price of gold did go down and bounce right off 1320 as predicted and have swung back up and held the close at 1329-1330. Overnight gold is back up in the mid 1330’s so that seems like it is confirming the upswing.

  3. On March 20, 2014 at 9:37 am,
    CFS says:

    The Thug gets his highest approval rating in 5 years.
    http://en.itar-tass.com/russia/724554
    The Obamination rates as lower than Angelina Jolie in influence, or even the chairman of Renault motors, and does not even make it into the top 50 most influential people in the world.

    • On March 20, 2014 at 10:30 am,
      The" OWL COINLAND" REPORT.......O^OTB...WOOT says:

      but….He is No. 1…in KENYA

      • On March 20, 2014 at 10:54 am,
        CFS says:

        If only he would go there (and not come back)

        • On March 20, 2014 at 10:55 am,
          The" OWL COINLAND" REPORT.......O^OTB...WOOT says:

          ditto…………..

          • On March 20, 2014 at 11:00 am,
            The" OWL COINLAND" REPORT.......O^OTB...WOOT says:

            Maybe……he could just head out and lead the expedition for the missing plane MH370, (or what ever the number)

        • On March 20, 2014 at 11:31 am,
          irishtony says:

          THEY DONT WANT HIM……what go & wreck their country too….I would not impose him on any country….except maybe …HADES…..is that a country ?

          • On March 20, 2014 at 11:41 am,
            The" OWL COINLAND" REPORT.......O^OTB...WOOT says:

            Might be that tunnel You opened up last year under the WHITE HOUSE.

        • On March 20, 2014 at 7:35 pm,
          Matt says:

          He is loved in Indonesia.
          His wife would love it here.

          • On March 21, 2014 at 12:36 am,
            irishtony says:

            Matt……Sorted then.

  4. On March 20, 2014 at 9:40 am,
    Mike Miller says:

    Rates up, tapering means Gold down. You guys calling for a market crash (I believe possible too) but what if we muddle along for a few more years and when the Republican and Democrat nominees are known, this economy booms b/c there will be light at the end of the tunnel for the Obama presidency! Capital will be unleashed!

    • On March 20, 2014 at 11:45 am,
      GH says:

      The problems go much deeper than just Obama!

      • On March 20, 2014 at 12:33 pm,
        irishtony says:

        GH…..correct.

      • On March 20, 2014 at 2:50 pm,
        Big Al says:

        Yes, GH, they certainly do go much deeper!

    • On March 20, 2014 at 12:15 pm,
      Bird Man says:

      I was thinking we had a big market sell off coming, Mike. That was yesterday after the strange market reaction to Yellen’s speech. I just got a really uncomfortable feeling watching the tapes. Today the mood seems to have switched again though. My instinctive reaction is probably wrong in retrospect. Next week won’t likely bring the bad news I initiially thought was coming. Gold is sure being pressured though. Its declines look to be arrested for the moment. This was a four day fall though so no surprise there and some bounce back looks to be in the cards. I am nowhere near as bullish gold as I was a month ago. Especially after seeing how much damage was done to silver. It was within cents of hitting 20 bucks again. Ouch!

  5. On March 20, 2014 at 10:58 am,
    CFS says:

    I’m not calling for a market crash. Way too much money sloshing around financial system.
    (I expect random meandering to up slightly, depending on if the Fed ever withdraws money.)
    I do not expect significant real improvement in the economy.

    • On March 20, 2014 at 12:17 pm,
      Bird Man says:

      Good point CFS. There is a lot of money sloshing about.

      • On March 20, 2014 at 12:36 pm,
        irishtony says:

        Yeah…..Wish somebody would slosh some of it in my direction……..

  6. On March 20, 2014 at 4:47 pm,
    b says:

    Garry, I think yesterday you mentioned that 1320-1318 might be the time to take a shot at gold/shares.
    You could not have been more accurate.(with my shares anyway)
    EXTREMLY good call.