Al and Brien Lundin On The Past Week’s Gold Market
Al and Brien Lundin discuss the movements of the gold price over the past week, and what they see for gold in the future.
Brien Lundin serves as president and CEO of Jefferson Financial, a highly regarded publisher of market analyses and producer of investment-oriented events. Under the Jefferson Financial umbrella, Brien publishes and edits Gold Newsletter, a cornerstone of precious metals advisories since 1971; he digs into not only small caps of every type but also macroeconomics and geopolitical issues that ultimately affect every resource investor. Brien also hosts the New Orleans Investment Conference, the oldest and most respected investment event of its kind, which each year attracts the brings the giants of investing, economics and geopolitics.
To learn more, visit:
http://www.neworleansconference.com
As of this mornin the spread on oil between Brent and WTI hit $25, and some european analysts are suggesting the spread could reach $40.
This despite the fact that UK has just permitted another $5 billion North Sea exploitation field, whereas the US will not allow any new drilling off-shore.
Any comments?
I realized on October 5 that October 4th had been a pivotal day in the US stock market, so I stored about 24 Gbytes of data and have been analysing it. (It has been causing my computer to run a bit slow!)
The biggest anomaly I see is that the top 24 most active stocks were bank stocks and all dropped in value. Con Coxe often says bank stocks are a leading indicator for the economy.
Any comments?
Above: After 5 put ” I realized”
Oops scratch that last comment……one of the problems of being almost blind, is that I did not see the “I realized” starting the sentence.
Last Question:
I think everyone one realizes we are in a volatile period.
I believe this is caused by the fact that essentially zero interest rate money is available to the big speculators. Any comments?
(I also feel that the goverment is stealing from pension funds and older folks by holding interest rates so low)
Big Al,
Haven’t thrown my two cents in lately. But all I can say it is that it is going to take trillions, yes, trillions to recapitalize the banking infrastructure globally….leaving everything else out of the equation…social strife, unrest, financial scandal, etc. paper money is going to continue to get ABSOLUTELY CLOBBERED…am I right or wrong….trillions and trillions of paper chasing fewer and fewer goods and services……can anybody say HYPERINFLATION…you guys tell me – am I crazy?…if I am…..I will run back into financials, tech, blue chip stocks, fun, games and frivolity.
I will tell you what……this not fun and games for me….I am held responsible for my families financial health…..I have been entrusted with hard earned money that my Dad/Uncle made and sweated for….I BETTER be right! I don’t see ANYONE bailing me out and saying “Oh, poor Marc”
What do you think?
Marc
Don’t know if Mr Lundin reads these comments, but he recently spoke about Rare Earths, more specifically Medallion Resources (MDL.V).
His comment:
””Medallion Resources Ltd. is a rare earth play with an interesting new twist on building its property portfolio. . .the company has decided to attempt to form a series of joint ventures with mineral sands processors. Medallion’s new strategy has the potential to pay huge dividends for shareholders. . .the company could be the next big play in this space”
I would like to know more about his thoughts on this company.
Thanks 🙂
Big Al;
A few months ago Greek bonds were yielding 15%. Now it is clear, return of capital is important and in doubt.
Some California bonds have now hit 15%. Any comments?