Wed, 21 August 2019
Economic historian par excellence Bob Hoye joined us. Often the answer to what will happen next is found in the past. Bob believes that another credit bust is coming this fall to a financial center near you. That will be good for the US Dollar and gold. We're seeing the flow of funds heading towards highly liquid assets now. And there are no more liquid assets than US Dollars, Treasury Debt and gold. How bad will it get? Bob doesn't know for sure, but believes we could be facing a virtual Twilight Zone. And that means you need to prepare now. Fall is just around the corner. |
Wed, 21 August 2019
Nick appeared on the show on June 24, 2019. At that time he was calling for $1420, when it was around $1350. He came on a month later and made another call that gold was going up, but taking a breather in the interim. The action in the yellow was so strong that that breather only lasted for a few days. As he said, you saw the chart lead the news. Lower interest rates are on the way and so is higher stock market volatility. And continued US Dollar strength. What else do you need. $1485 gold represented a 50 percent retracement from gold's previous high. Now it's getting up to 60% and if it hits that number and keeps, it's Katey bar the door. |
