Resource investors should be protected to the downside for the short term
Sorry for the late posting… I forgot to click “Publish” before heading out to a golf tournament this afternoon. The interview was recorded at approximately 9am PDT.
Chris Temple joins us today to discuss some of the short term risks to the downside that resource investors need to consider. These include the rising US dollar (and reasons why it is moving up) as well as expectations for what the Fed will do next.
Click download link to listen on this device: Download Show
Replace “from” with “drop” above. Sorry.
Learn on http://radio.goldseek.com/nuggets/leeb.07.20.16.mp3
Leeb on gold
Platinum up $15
HUI….Big hit yesterday. DOWN $15
Looking like gold getting it’s legs back@11:00
Gold will do a small bounce while the market takes a rest and then below 1300.
Last wednesday was the time to take profits in oil and yesterday was the time to get back in. Oil stocks appear to be signalling a bottom has been reached.
Total common sense from Chris.
With all central banks taking it in turn to pump in money, there is and will be too much money in the system until something breaks.
Chris right about the dollar, because of the relative health of world economies……..there really is no better place to go.
Too much money means overvaluation, of bonds, of stocks, eventually of everything. Until something breaks.
There is theory out there that says to prevent a recession, as boom turns to bust, it is necessary to from interest rates by 3%. That is why the Fed wants to raise rates, but raising dates on a shaky economy will create a bust, so they simply cannot.