Jul 11, 2022
Summary:
With the dollar going higher and precious metals going lower, the
markets are crazy. Here to analyze this is Bob Hoye, who uses
historical trends in financial markets to evaluate what is
happening in the contemporary economy. The current patterns within
precious metals and interest rates are indicative of a great
financial bubble. Tune in to hear Bob’s perspective, and data
driven predictions on what’s to come.
Highlights:
-The markets are crazy; the dollar is going higher and precious
metals are going lower
-Bob has looked at extensive history on financial markets, and over
time we’ve seen patterns with financial bubbles
-With the conclusion of a great bubble, copper’s real price goes up
and gold’s real price goes down
-In July 2020, the precious metals sector got completely
overbought
-In a financial bubble, gold deflated goes down; then it stabilizes
and goes up
-Bob has been specifically looking at the rise of gold’s real price
in relation to the CPI
-If you’re in the mining business, get out of base metals and into
the gold business
-Gold, base metals, and real long interest rates have done what
they are supposed to—indicating that the bubble is over
-The Fed has tried to inflate in previous crashes
-The dollar is going to keep going up
-In China, base metal mining and gold mining have soared
-High prices for metals build capacity
Useful Links:
Financial Survival Network
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