Bob Moriarty – Thu 23 Oct, 2014

Bob’s take on the markets.

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Al KorelinBob MoriartyCory Fleck

  1. On October 23, 2014 at 11:21 am,
    franky says:

    Day will destroy all western religion and philosophies and economics !

  2. On October 23, 2014 at 11:22 am,
    Chips says:

    Great interview! I agree, Cory, opinions are great– People have to think for themselves in these roller coaster markets. As far as roller coasters go, there are thrill rides and kiddie rides. My gut feeling is volatility is creaking toward the top… Sort of like an old fashioned American Eagle wooden roller coaster. It gets you to the top then takes you on a nasty-curved, noisy thrill ride. I guess it’s only fun if you know what to expect… Thanks guys!

  3. On October 23, 2014 at 11:41 am,
    bb says:

    Bob figures we go to qe to infinity.

    I watched a Maloney video the other day, he agrees with Bob.
    Taper = market down, to keep it up will require the creation of almost infinite dollars.
    Eventualy western people will remember gold and why.
    We have a vote coming up in Switserland. 45% in favour the other day.
    I like to recall the statement of counting gold/silver in onces not dollars.
    Bobs advice some years ago if I recall correctly was first aquire what a person feels is enough physical, then shares.

    What can I say Bird? I figure gold will shine again before we get to a digital world.

    Another point some people might find interesting, silver doc? I believe is reporting we are down to just a few days left of copper reserves.
    Interesting story.

    • On October 23, 2014 at 12:09 pm,
      Birdman says:

      I had not heard that story about copper. I will definitely check it out. I don’t actually follow copper that closely but do know that China has one hell of an inventory that was built up over the past years. Should their housing bubble continue to deflate I imagine demand will fall and thus no global shortage materialize.

      About QE to infinity….well I disagree of course. It will not happen because it cannot happen. The main reason is that QE no longer delivers a sufficient bang for the buck and all of the past efforts at monetary expansion mean that the tinder box is already fully loaded and ready to burn.

      This idea has been discussed at length by various Fed Presidents and it is already recognized as a threat. If there is any further interventions I suspect they will be fiscally oriented and designed to be self funding meaning that projects might be undertaken that will bring a return and pay themselves off over the coming years.

      This was what the ideas of infrastructure programs were really about. Projects need to be justified based on the revenue streams they can create in the future and that is a model that is favoured.

      • On October 23, 2014 at 12:23 pm,
        bb says:

        The articles discuss Chinese inventories of copper.
        The question is with so much in reserve why do they continue to buy with gusto.
        Remember the backing with these inventories? The court cases of fraud?
        They may not of had the inventories they claimed.
        In any case, I believe the articles are at silver doc.

        I see your point concerning qe, maybe your right, but if the guys writing articles are right about the only thing these guys understand is printing?

        Is Rickards wrong about requiring structural changes?

        • On October 23, 2014 at 12:49 pm,
          Birdman says:

          I have always felt the Chinese were hoarding copper for strategic reasons in the same way they have withheld much of their critical stock of exotic and rare earths metals from buyers in Japan and the US. It could be that there is a smell of conflict in the region and they do not want to be caught short. Long term thinking perhaps. They remain the number one buyer and user of copper though and so it stands to reason their economy would suffer the most should they come up short. Honestly, if i were them I would be hoarding supply too.

  4. On October 23, 2014 at 11:53 am,
    chris says:
    • On October 23, 2014 at 12:15 pm,
      Birdman says:

      Very doubtful, Chip. Casey research has been off the mark for quite awhile now where gold, silver and stock markets are concerned. It has gotten to the point I cannot rely on them for reliable or timely information so I rarely bother reading anything they publish. I think they are 100% wrong on this stock crash call. It does not jive with anything that I follow.

  5. On October 23, 2014 at 4:55 pm,
    J........THE LONG....................OOTB says:

    BOB M………… spot on………………fact not fiction………..

  6. On October 24, 2014 at 8:23 pm,
    Ebolan says:

    Dang, when did he get in there. Didn’t see this interview yesterday.