Gold holding up well in the face of decreased Geopolitical risks

October 17, 2019

With a Brexit deal now past the first step and trade talks sounding like they are going better (the jury is still out on that) it is interesting to see the safe assets still holding up nicely. Brien Lundin joins me to outline why he thinks gold is holding up well and what to watch for as the next major drivers.

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    Oct 17, 2019 17:17 AM

    BBC is reporting Brexit DEAL will probably be voted down on Saturday.

      Oct 17, 2019 17:50 AM

      Brexit is not going through……until the people take to the streets……….jmo

        Oct 17, 2019 17:51 AM

        Parliament is like congress……..a JOKE

    Oct 17, 2019 17:20 AM

    The stock market is dependent on trade deals.

    Oct 17, 2019 17:21 AM

    PART 3: CNN Field Manager: Zucker’s 9am Calls ‘BS;’ “…Totally Left-Leaning…Don’t Want to Admit it”

    Oct 17, 2019 17:30 AM

    Precious metal production cost (and thus profit margins) will be assisted by the apparent future deflationary environment.l

    Oct 17, 2019 17:32 AM

    The gold gains that stick are are due to inflation of the substitute money supply. All other gains are temporary.
    Gains that appear to be due to wars are really due to the deficit spending to fund them.

      Oct 17, 2019 17:34 AM

      Of course, the gold price can significantly lag inflation as long as the economy is doing well.

      Oct 17, 2019 17:47 PM

      The historical lesson of Homestake in the thirties (When gold-price was quasi-fixed) was that deflationary costs went down first then profits rose, then fixed price of gold was raised, then monetary creation eventually caused a little inflation.
      Then WWII really caused inflation.
      REAL SILVER PRICES ONLY TOOK OFF AFTER WWII. (silver was considered precious then)

        Oct 17, 2019 17:54 PM

        The monetary system was very different back then and it is a myth that WWII ended the depression.

    Oct 17, 2019 17:42 AM

    The possible head and shoulders of the GDX would be more dangerous if the volume on the left shoulder was higher than the head’s, but the head’s volume is greater so I am glad I went ahead and bought OR and SSPXF yesterday.

    Oct 17, 2019 17:54 AM

    Trump wins………..peace and ceasefire for 120 hours………get the hell out……lol

      Oct 17, 2019 17:51 PM

      Atlantic Council won’t like that….NATO will go nutso….and old Harlan won’t like that…

      You see this???

      DC’s Atlantic Council Raked In Funding From Hunter Biden’s Ukrainian Employer While Courting His VP Father

      As I recall, our good friend Harlan Ulman is a member of the Atlantic Coucnil….what do you have to say to that???

      Oct 17, 2019 17:52 PM

      If any peace anywhere breaks out to any serious degree Trump will be given the Kennedy treatment.

      And then we will have a President Pence….then we will all live in Penseville…

        Oct 17, 2019 17:10 PM

        Understand , Trump is using Blackrock Security for body guards………that would be the brother of the Education Sect…Amway heir… Betsy YourLoss…

        Oct 17, 2019 17:11 PM

        Penzi Oil……stopped the take over until they get a lock on the OIL…….posted below…lol

          Oct 17, 2019 17:14 PM

          Remember, at the McCain funeral……..old Penzie, got one of those mysbetray letters….lol

            Oct 17, 2019 17:37 PM

            The Deep State and rest of the NWO would love a President Pence….then we would all live in Penseville and would need to be very pensive…

            Don’t know why the Hell Trump picked picked Pense…all that pick did was put an even bigger target on his back…or his head…like JFK.

            Oct 17, 2019 17:15 PM

            He thought he needed the christian(ha,ha) vote…..

    Oct 17, 2019 17:55 AM

    According to James Flannigan, there will be an upward bias to PMs but at least 5-6 years before substantial gains, provided we continue to track the 60 year cycle. Interesting listen but disappointing on his time line. Have a listen:

      Oct 17, 2019 17:00 PM

      When they (the Fake Fed)…..can change the rules anytime they want…..charts are worthless………jmo

        Oct 17, 2019 17:02 PM

        Few of his charts , are historically can …relate at this time……..unless you go back to the Roman Empire…….

          Oct 17, 2019 17:04 PM

          I thought he did a real good job,….until this last round of QE, and REPO…junk

            Oct 17, 2019 17:06 PM

            Bobby M…..thought he was a good follow a couple of years ago……, but, Bobby did write, NOBODY KNOWS ANYTHING…..

    Oct 17, 2019 17:41 PM
      Oct 17, 2019 17:42 PM

      Why should we concerned about the OIL……….lol

        Oct 17, 2019 17:43 PM

        Genie Oil……Wants the OIL…………..