Our
guest
says
a
new
cyclical
PMs
bull
market
is
underway
-
he
favors
the
PMs
shares.
US
dollar
weakness
may
indicate
a
top
is
in
place.
The
FOMC
has
lost
control
of
the
economy,
backpedaling
on
rate
hikes
and
returning
to
a
more
dovish
stance.
Seasonal
factors
are
positive
for
both
commodities
and
the
energy
sector.
The
host
suggests
increasing
investment
portfolio
weighting
in
the
PMs
and
energy
sectors.
Listeners'
Q&A
(callers)
-
Chris
Waltzek
-
March
24,
2016.
To
download
this
show
in
Mp3
format,
please
click
here.
Recap.
Chris
opens
up
the
phone
lines
for
another
Listener's
Q&A
Segment.
Longtime
listener
George,
is
concerned
by
the
monetary
policymaker
decisions
at
the
BOJ
/
EU,
in
particular
negative
lending
rates
and
quantitative
easing.
The
host
notes
that
policymakers
seem
to
be
relying
on
gimmicks
to
keep
the
global
economic
house
of
cards
from
imploding.
Debt
monetization
and
negative
interest
rates
are
desperate
measures
of
last
resort.
Negative
rates
force
investors
to
make
malinvestments
in
paper
assets
in
pursuit
of
risky
capital
gains,
while
simultaneously
punishing
retirees.
What
few
economists
are
willing
to
concede,
the
global
economy
is
irreparably
damaged.
Case
in
point,
QE
operations
can't
rebuild
a
decimated
industrial
base.
Another
long
time
listener
John
disagrees
with
one
of
our
favorite
guests,
whose
indicator
suggests
higher
prices
ahead
for
US
shares.
The
host
notes
that
stocks
could
still
climb
to
new
heights
from
a
technical
vantage
point,
however,
P/Es
are
extremely
overvalued
on
a
fundamental
basis.
It
is
advisable
to
maintain
a
solidly
diversified
portfolio,
that
includes
precious
metals.
Chris
opens
up
the
phone
lines
for
another
Listener's
Q&A
Segment.
Longtime
listener
George,
is
concerned
by
the
monetary
policymaker
decisions
at
the
BOJ
/
EU,
in
particular
negative
lending
rates
and
quantitative
easing.
The
host
notes
that
policymakers
seem
to
be
relying
on
gimmicks
to
keep
the
global
economic
house
of
cards
from
imploding
-
debt
monetization
and
negative
interest
rates
are
desperate
measures
of
last
resort.
Case
in
point,
negative
rates
force
investors
to
make
malinvestments
in
paper
assets
in
pursuit
of
risky
capital
gains.
While
simultaneously
punishing
retirees
who
and
savers
who
rely
on
passive
income
for
basic
necessities.
The
concept
is
based
on
the
economic
fallacy
that
eventually
the
economic
structure
will
right
itself.
But
what
few
economists
admit
is
that
the
entire
foundation
is
irreparably
damaged,
such
operations
cannot
rebuild
the
industrial
base
that
is
lost,
and
rebuild
the
middle
class
that
was
the
backbone
of
society.
Next,
another
long
time
listener
John
disagrees
with
one
of
our
favorite
guests,
whose
indicator
suggests
higher
prices
ahead
for
US
shares.
The
host
notes
that
stocks
could
still
clime
to
new
highs
from
a
technical
vantage
point,
however,
P/Es
are
extremely
overvalued
on
a
fundamental
basis
-
as
the
old
market
axiom
notes,
stocks
can
remain
irrational
longer
than
one
can
maintain
their
margin.
Therefore
the
it
is
advisable
to
maintain
a
solidly
diversified
portfolio
that
includes
precious
metals.
Harry
S.
Dent
Jr.
&
Chris
Waltzek
-
March
22,
2016.
Harry
S.
Dent
Jr.,
says
gold
is
far
more
appealing
that
US
stocks
on
a
valuation
basis,
noting:
"I
would
buy
gold
over
US
shares
any
day
of
the
week."
Thanks
to
Fed
rate
tapering,
funds
have
been
redirected
into
commodities,
especially
gold.
Our
guest
notes
that
gold
is
the
best
inflation
hedge
available
to
investors.
Given
that
the
future
is
rarely
100%
knowable,
a
10-20%
gold
/
silver
investment
portfolio
component
is
advisable.
The
recent
stock
market
gyrations
could
indicate
a
crash
is
imminent,
similar
to
the
2008
meltdown,
but
perhaps
even
worse.
Unlike
cash
in
the
bank
earning
negative
interest
rates
around
the
world,
gold
does
not
carry
the
burden
of
a
negative
interest
rate.
The
host
/
guest
share
different
opinions
regarding
the
inflation
/
deflation
debate
-
the
host
notes
the
recent
anti-deflationary
plunge
in
the
US
dollar.
Mr.
Dent's
ontology
indicates
that
central
bankers
are
deleveraging
the
greatest
debt
bubble
in
global
history.
US
stock
indexes
will
drop
at
least
70%
in
the
next
few
years,
according
to
Mr.
Dent.
Eventually
a
second
Great
Depression
is
inevitable
Although
policymakers
are
delaying
the
day
of
reckoning,
eventually
the
FOMC
will
resume
QE
efforts
with
gusto.
The
Fed's
current
balance
sheet
indicates
zero
signs
of
tapering,
plateau
at
best
(Figure
1.1.)
Best-selling
author
Harry
S.
Dent
Jr.,
says
gold
is
far
more
appealing
that
US
stocks
on
a
valuation
basis,
noting:
"I
would
buy
gold
over
US
shares
any
day
of
the
week."
Thanks
to
Fed
rate
tapering,
funds
have
been
redirected
into
commodities,
especially
gold
which
is
the
top
performing
commodity
of
the
22
listed
on
the
Bloomberg
index.
Our
guest
notes
that
gold
is
the
best
inflation
hedge
available
to
investors.
Given
that
the
future
is
rarely
100%
knowable,
a
10-20%
gold
/
silver
investment
portfolio
component
is
advisable.
The
recent
stock
market
gyrations
could
indicate
a
crash
is
imminent,
similar
to
the
2008
meltdown,
but
perhaps
even
worse.
The
host
points
out
an
oftentimes
ignored
benefit
of
gold
/
silver
ownership
-
unlike
cash
in
the
bank
earning
negative
interest
rates
around
the
world,
gold
does
not
carry
a
negative
interest
rate.
The
host
/
guest
disagree
on
the
inflation
/
deflation
debate
-
the
host
notes
the
recent
plunge
of
the
US
dollar
relative
to
6
leading
currencies,
falling
under
key
support
levels,
which
markedly
lowers
the
odds
of
an
FOMC
rate
hike,
and
is
anti-deflationary.
Nevertheless,
Mr.
Dent's
ontology
indicates
that
central
bankers
are
deleveraging
the
greatest
debt
bubble
in
global
history.
As
a
result,
US
stock
indexes
will
drop
at
least
70%
in
the
next
few
years,
according
to
Mr.
Dent.
Eventually
a
second
Great
Depression
is
inevitable,
if
his
forecast
comes
to
fruition.
Although
policymakers
are
delaying
the
day
of
reckoning,
eventually
the
FOMC
will
resume
QE
efforts
with
gusto
and
even
push
the
benchmark
lending
rate
into
negative
territory.
One
look
at
the
Fed's
current
balance
sheet
indicates
zero
signs
of
tapering,
just
a
plateau
at
best
(Figure
1.1.).
Bill
Murphy
from
GATA.org
kissed
the
Blarney
stone
on
St.
Patrick's
day,
which
evidently
sent
silver
flying
higher
by
5%.
The
gold
to
silver
ratio
plunged
from
a
recent
high
of
83
to
79
-
AG
is
poised
for
an
explosive
advance.
Our
guest
says
the
PMs
cartel
has
lost
control
of
the
metals
markets.
There
has
been
a
100%
retracement
of
the
2011
rally
to
$50,
which
subsequently
ignited
a
three
stage,
Saturn
V
rocket
launch
into
orbit.
Our
guest
is
watching
$18.50
resistance
-
if
breached,
silver
bulls
could
run
the
world's
most
useful
precious
metal
to
as
high
as
$25
in
short
order.
Bill
Murphy
expects
$100+
silver
in
the
coming
years,
an
epic
advance
that
might
have
already
begun
in
earnest.
The
host
outlines
a
Fibonacci
retracement
from
the
$50
peak
to
the
recent
$13.50
nadir.
The
following
targets
are
possible:
$21,
$30
and
$37
followed
by
$50
and
then
triple
digits
in
the
coming
years.
Bill
Murphy's
takeaway
point:
why
worry
about
a
few
dollars
on
the
downside
if
the
rally
fades
when
the
upside
is
triple
digits
for
silver
bulls?
Bill
Murphy
from
GATA.org
kissed
the
Blarney
stone
on
St.
Patrick's
day,
which
evidently
sent
silver
flying
higher
by
5%;
the
gold
to
silver
ratio
plunged
from
a
recent
high
of
83
to
79
-
AG
is
poised
for
an
explosive
advance,
our
guest
says
the
PMs
cartel
has
lost
control
of
the
metals
markets.
There
has
been
a
100%
retracement
of
the
2011
rally
to
$50,
which
subsequently
ignited
a
three
stage,
Saturn
V
rocket
launch
into
orbit.
Our
guest
is
watching
$18.50
resistance
-
if
breached,
silver
bulls
could
run
the
world's
most
useful
precious
metal
to
as
high
as
$25
in
short
order.
Nevertheless,
that
could
be
just
the
opening
salvo
-
he's
calling
for
$100+
silver,
an
epic
advance
that
might
have
already
begun
in
earnest.
The
host
outlines
a
Fibonacci
retracement
from
the
$50
peak
to
the
recent
$13.50
nadir
that
suggests
the
following
targets:
$21,
$30
and
$37
followed
by
$50
and
then
triple
digits
in
the
coming
years.
Bill
Murphy's
takeaway
point:
why
worry
about
a
few
dollars
on
the
downside
if
the
rally
fades
when
the
upside
is
triple
digits
for
silver
bulls?
Dr.
Stephen
Leeb
&
Chris
Waltzek
-
March
16,
2016.
Chris
welcomes
Dr.
Stephen
Leeb,
best
selling
author
and
head
of
The
Complete
Investor.
After
a
string
of
7
best-selling
financial
tomes,
Dr.
Leeb
is
writing
his
magnum
opus
on
the
gold
market,
which
he
refers
to
as
the
last
great
bull
market.
Our
guest
notes,
"Gold
is
a
metal
that
attracts
paradoxes
-
gaining
over
300%
as
the
leading
major
index
class
compared
to
a
40%
gain
in
the
S&P
500."
Unlike
stocks
/
bonds
that
typically
require
brokerage
accounts
and
intermediaries,
gold
and
silver
can
be
purchased
and
held
on
hand.
Rare
earths,
graphite,
germanium
and
related
minerals
could
also
boost
investment
portfolio
returns.
He
makes
the
uncharacteristically
bullish
gold
forecast,
noting
the
king
of
currencies
could
climb
to
as
high
as
$10,000-$20,000,
in
the
coming
years.
The
duo
outline
a
portfolio
opportunity
with
even
greater
expected
return
and
perhaps
a
superior
risk
/
reward
ratio.
Chris
welcomes
Dr.
Stephen
Leeb,
best
selling
author
and
head
of
The
Complete
Investor
-
after
a
string
of
7
best-selling
financial
tomes,
Dr.
Leeb
is
writing
his
magnum
opus
on
the
gold
market,
which
he
refers
to
as
the
last
great
bull
market.
Our
guest
notes,
"Gold
is
a
metal
that
attracts
paradoxes
-
gaining
over
300%
as
the
leading
major
index
class
compared
to
a
40%
gain
in
the
S&P
500,
approximately."
Unlike
stocks
/
bonds
that
typically
require
brokerage
accounts
and
intermediaries,
gold
and
silver
can
be
purchased
and
held
on
hand,
without
any
monitoring
whatsoever,
giving
he
holder
greater
freedom
and
peace
of
mind.
In
addition,
rare
earths,
graphite,
germanium
and
related
minerals
could
also
boost
investment
portfolio
returns.
He
makes
the
uncharacteristically
bullish
gold
forecast,
noting
the
king
of
currencies
could
climb
to
as
high
as
$10,000-$20,000,
in
the
coming
years.
But
perhaps
even
more
exciting,
the
duo
outline
a
portfolio
opportunity
with
even
greater
expected
return
and
perhaps
a
superior
risk
/
reward
ratio
-
be
sure
to
listen
closely.
Dr.
Chris
Martenson
&
Chris
Waltzek
-
March
10,
2015.
Chris
welcomes
Dr.
Martenson
from
PeakProsperity.com
-
the
co-author
of
Prosper!
is
watching
the
crude
oil
market
for
signs
of
a
double
bottom
pattern.
Gold
is
higher
by
about
15%
so
far
this
year
and
remains
strong,
rebounding
sharply
from
oversold
conditions.
Gold
fundamentals
continue
to
impress
-
last
week,
Blackrock
halted
issuance
of
new
gold
ETF
iShares
$7.7
billion,
due
in
part
to
insatiable
demand.
Gold
is
best
positioned
to
benefit
from
a
major
paper
money
zenith
-
global
monetary
policies
virtually
guarantee
success.
The
domestic
economy
is
weak,
built
on
flimsy
monetary
policy
and
enormous
corporate
debt.
The
huge
P/E's
ratios
and
sluggish
growth
increases
the
odds
of
a
serious
US
equities
decline.
Dr.
Martenson
highlights
his
self-sustaining,
solar
water-heater
that
pays
remarkable
dividends
in
the
form
of
energy
savings
family
as
well
as
benefits
society
with
a
lowered
carbon
footprint.
Chris
welcomes
Dr.
Martenson
from
PeakProsperity.com
-
the
co-author
of
Prosper!
is
watching
the
crude
oil
market
for
signs
of
a
double
bottom
pattern
despite
record
domestic
supply.
In
addition,
gold
is
higher
by
about
15%
so
far
this
year
and
remains
strong,
rebounding
sharply
from
oversold
conditions.
Gold
fundamentals
continue
to
impress
-
last
week,
Blackrock
halted
issuance
of
new
gold
ETF
iShares
$7.7
billion,
due
in
part
to
insatiable
demand.
His
work
shows
that
gold
is
best
positioned
to
benefit
from
a
major
paper
money
zenith
-
global
monetary
policies
virtually
guarantee
success.
The
domestic
economy
is
weak,
built
on
flimsy
monetary
policy
and
enormous
corporate
debt.
In
addition,
the
huge
P/E's
ratios
and
sluggish
growth
increases
the
odds
of
a
serious
US
equities
decline.
In
their
ongoing
discussion
on
homesteading
and
self-sufficiency,
Chris
asks
Dr.
Martenson
to
outline
his
self-sustaining,
solar
water-heater
that
pays
remarkable
dividends
in
the
form
of
energy
savings
family
as
well
as
benefits
society
with
a
lowered
carbon
footprint.
The
Silver
Investor
David
Morgan
and
the
host
discuss
the
best
annual
start
in
the
PMs
sector
in
35
years,
according
to
The
Economist
magazine.
Our
guest
expects
the
short
covering
bonanza
to
continue
for
a
month
or
two
as
retail
investors
regain
confidence
and
push
their
chips
back
into
the
market.
His
work
indicates
a
new
bull
market
is
underway
-
however,
additional
gains
could
be
tame
as
investors
slowly
accumulate
new
long
positions.
The
massive
debt
implosion,
as
outlined
by
the
economist
Schumpeter:
"creative
destruction"
virtually
insures
better
times
to
come
for
PMs
investors.
When
gold
is
priced
in
terms
of
global
currencies
such
as
Canadian
dollars,
the
gold
bull
market
never
ended.
Our
guest
reminds
the
audience
of
the
classic
words
of
JP
Morgan,
"Gold
is
money
and
everything
else
is
credit."
By
this
logic,
dollars,
pounds,
euros,
yen
and
yuan
are
all
unbacked
paper
promises;
only
gold
and
silver
are
true
wealth.
Just
as
the
BOE
gold
sales
of
1999-2002
marked
the
end
of
the
bear
market,
the
recent
sale
by
the
bank
of
Canada
is
a
positive
indication.
The
Silver
Investor
David
Morgan
and
the
host
discuss
the
best
annual
start
in
the
PMs
sector
in
35
years,
according
to
The
Economist
magazine.
Our
guest
expects
the
short
covering
bonanza
to
continue
for
a
month
or
two
as
retail
investors
regain
confidence
and
push
their
chips
back
into
the
market,
to
the
delight
of
gold
/
silver
aficionados.
His
work
indicates
a
new
bull
market
is
underway
-
however,
additional
gains
could
be
tame
as
investors
slowly
accumulate
new
long
positions.
Plus,
the
massive
debt
implosion,
virtually
insures
better
times
to
come
for
PMs
investors.
When
gold
is
priced
in
terms
of
global
currencies
such
as
Canadian
dollars,
the
gold
bull
market
never
ended.
Our
guest
reminds
the
audience
of
the
classic
words
of
JP
Morgan,
"Gold
is
money
and
everything
else
is
credit."
By
this
logic,
dollars,
pounds,
euros,
yen
and
yuan
are
all
unbacked
paper
promises;
only
gold
and
silver
are
true
wealth.
Just
as
the
BOE
gold
sales
of
1999-2002
marked
the
end
of
the
bear
market,
the
recent
sale
of
the
entire
gold
stockpile
of
the
Bank
of
Canada
is
a
positive
contrarian
indication.
Chris
welcomes
back
Bob
Hoye,
senior
investment
strategist
at
Institutional
Advisors.
His
new
peak
momentum
indicator
tends
to
identify
market
zeniths
and
subsequent
new
bear
markets.
It
currently
suggests
gold
and
silver
correction
could
soon
pass,
clearing
the
path
for
a
new
primary
bull
market.
His
work
on
the
silver
market
ranging
from
the
1500s
to
today
indicates
that
the
current
divergence
in
silver
relative
to
gold
could
portend
a
financial
crisis.
Bob
Hoye
is
convinced
that
restoring
confidence
in
the
global
currency
system
due
to
profligate
policymaker
decisions
will
require
a
global
gold
standard.
Canada
officially
has
sold
100%
of
its
gold
reserve
stockpile,
near
the
bottom
of
a
multi-year
bear
market.
Homes
are
overpriced
in
many
towns,
especially
McMansions.
Junk
bonds
and
many
stocks
are
entering
bear
market.
Gold
stocks
are
positioned
to
benefit
from
the
financial
volatility.
Chris
welcomes
back
Bob
Hoye,
senior
investment
strategist
at
Institutional
Advisors.
His
new
peak
momentum
indicator
tends
to
identify
market
zeniths
and
subsequent
new
bear
markets
-
it
currently
suggests
gold
and
silver
correction
could
soon
pass,
clearing
the
path
for
a
new
primary
bull
market.
His
work
on
the
silver
market
ranging
from
the
1500s
to
today
indicates
that
the
current
divergence
in
silver
relative
to
gold
could
portend
a
financial
crisis
is
imminent.
Bob
Hoye
is
convinced
that
restoring
confidence
in
the
global
currency
system
due
to
profligate
policymaker
decisions
will
require
a
global
gold
standard,
the
de
facto
reserve
currency.
For
instance,
Canada
officially
has
sold
100%
of
its
gold
reserve
stockpile,
near
the
bottom
of
a
multi-year
bear
market.
In
addition,
homes
are
overpriced
in
many
towns,
especially
McMansions.
Plus,
hes
concerned
by
Junk
bonds
and
also
sees
the
early
stages
of
stock
bear
market,
but
gold
stocks
are
positioned
to
benefit
from
all
the
volatility.
Chris
welcomes
James
Turk
of
GoldMoney.com
-
he's
watching
the
gold
/
silver
ratio
closely.
The
current
reading
near
80:1
may
represent
a
significant
relative
value
for
silver,
especially
given
the
naturally
occurring,
geological
10:1
ratio.
Were
silver
to
merely
return
to
the
traditional
level,
the
price
would
leap
to
three
digits,
even
if
the
price
of
gold
remained
static.
Just
five
years
ago,
the
gold
/
silver
ratio
approached
30:1
-
a
similar
figure
would
put
the
silver
price
2.5X's
higher,
approximately
$35
per
ounce.
Due
in
large
part
to
negative
lending
by
global
central
banks,
the
cost
of
storing
gold
is
negligible,
relative
to
the
cost
of
negative
savings
rates.
Investors
are
understandably
more
concerned
by
the
return
of
their
funds
than
by
the
return
on
their
funds
(Will
Rogers).
James
Turk's
inflation
forecast
suggests
that
millions
of
PMs
investors
will
benefit
from
the
outcome.
Chris
welcomes
James
Turk
of
GoldMoney.com
-
he's
watching
the
gold
/
silver
ratio
closely;
the
current
reading
near
80:1
may
represent
a
significant
relative
value
for
silver,
especially
given
the
naturally
occurring,
geological
10:1
ratio.
Were
silver
to
merely
return
to
the
traditional
level,
the
price
would
leap
to
three
digits,
even
if
the
price
of
gold
remained
static.
Nevertheless,
just
five
years
ago,
the
gold
/
silver
ratio
approached
30:1
-
a
similar
figure
would
put
the
silver
price
2.5X's
higher,
approximately
$35
per
ounce.
Due
in
large
part
to
negative
lending
by
global
central
banks,
the
cost
of
storing
gold
is
negligible,
relative
to
the
cost
of
negative
savings
rates.
Put
simply,
investors
are
understandably
more
concerned
by
the
return
of
their
funds
than
by
the
return
on
their
funds
(Will
Rogers).
Once
the
CRB
commodities
index
reverses
course,
resuming
the
uptrend
-
James
Turk's
inflation
forecast
suggests
that
millions
of
PMs
investors
will
benefit
from
the
outcome.
Bill
Murphy
from
GATA.org
says
the
gold
cartel
has
lost
the
ability
to
suppress
price
due
in
part
to
record
physical
demand.
The
HUI
advanced
as
much
as
70%
in
merely
six
weeks.
Fed
officials
and
their
BOJ
/
EU
colleagues
have
turned
markedly
dovish,
sending
a
signal
to
investors
of
the
potential
opportunity
in
the
PMs
market.
While
gold
market
represents
an
incredible
valuation
opportunity,
Bill
Murphy
thinks
silver
is
the
most
undervalued
asset
in
history.
Our
guest
makes
the
bold
silver
forecast
of
$100-$150,
representing
a
10
fold,
1000%
expected
return.
As
the
CRB
commodities
market
finds
a
floor,
silver
investors
could
benefit
from
not
only
the
monetary
aspects,
but
the
industrial
applications.
Once
the
full
monetary
strength
is
realized,
a
10:1
gold
/
silver
ratio
could
catapult
the
price
of
the
remarkable
metal
to
well
over
three
digits.
The
unsustainable
P/E
ratios
of
US
shares,
such
as
Apple
Computer
500
P/E
ratio
will
eventually
revert
to
the
mean,
sending
hundreds
of
billions
of
dollars
into
the
PMs
sector.
Bill
Murphy
from
GATA.org
says
the
gold
cartel
has
lost
the
ability
to
suppress
price
due
in
part
to
record
physical
demand
as
evidenced
by
the
startling
PMs
shares
rally
of
2016
-
the
HUI
advanced
as
much
as
70%
in
merely
six
weeks.
Plus,
Fed
officials
and
their
BOJ
/
EU
colleagues
have
turned
markedly
dovish,
sending
a
signal
to
investors
to
expect
lower
rates,
dollar
weakness
and
PMs
opportunity.
While
gold
represents
a
remarkable
valuation
opportunity,
Bill
Murphy
thinks
silver
is
the
most
undervalued
asset
in
the
history
of
global
finance.
Our
guest
makes
a
bold
silver
forecast:
$100-$150,
representing
a
10
fold,
1000%
expected
return.
As
the
CRB
commodities
market
finds
a
floor,
silver
investors
could
benefit
from
not
only
the
monetary
aspects,
but
the
industrial
applications.
Once
the
full
monetary
value
is
realized,
a
10:1
gold
/
silver
ratio
could
catapult
the
price
of
the
remarkable
metal
to
a
price
of
well
over
three
digits.
In
addition,
as
astronomical
P/E
ratios
such
as
Apple
Computer
revert
to
the
mean,
hundreds
of
billions
of
dollars,
Euros,
Yen,
Pesos
and
Yuan
will
pour
into
the
comparatively
minute
PMs
sector.
Monty
Guild
&
Chris
Waltzek
-
Feb.
25,
2016.
Powered
by
Podbean.com
To
download
this
show
in
Mp3
format,
please:
click
here.
Chris
welcomes
back
Monty
Guild
of
Guild
Investment
-
his
sources
insist
that
China
is
accumulating
huge
gold
reserves
under
the
table
at
deep
discounts.
Canada
and
many
other
countries
have
sold
much
of
their
gold
reserve
stockpiles
to
raise
funds.
The
myopic
decision
will
backfire,
ultimately
requiring
the
repurchase
of
gold
reserves
at
much
higher
prices.
Monty
Guild
expects
the
PMs
shares
to
outperform
the
underlying
metals.
Distrust
in
government
officials
and
bargain
prices
could
set
the
base
for
much
higher
PMs
prices.
An
oil
market
price
floor
could
unfold
in
coming
months
due
in
part
to
recent
OPEC
member
supply
limits.
US
and
international
paper
assets
such
as
stocks
and
bonds
are
far
less
appealing
in
2016.
Although
equities
P/E
ratios
indicate
overvaluation,
our
guest
likes
shares
in
Google
(GOOG).
The
head
of
Guild
Investment
outlines
3
key
geoeconomic
themes
in
the
US,
EU
and
China:
The
burden
of
enormous
national
debt
will
limit
US
economic
prospects.
China
is
in
far
better
economic
shape
than
anticipated;
Banking
sector
in
the
EU
is
facing
insolvency
issues
-
a
Russia
/
Turkey
showdown
seems
imminent.
His
exceptional
grandson
is
a
high
school
mathematical-prodigy,
who
penned
a
remarkable
book,
Physics
Reforged,
available
at
Amazon.com.
Chris
welcomes
back
Monty
Guild
of
Guild
Investment
-
his
sources
insist
that
China
is
accumulating
huge
gold
reserves
under
the
table
at
deep
discounts
from
major
oil
producing
nations.
In
addition,
Canada
and
many
other
countries
have
sold
much
of
their
gold
reserve
stockpiles
to
raise
funds
-
the
myopic
decision
will
backfire,
ultimately
requiring
the
repurchase
of
gold
reserves
at
much
higher
prices.
Monty
Guild
expects
the
PMs
shares
to
outperform
the
underlying
metals.
Distrust
in
government
officials
and
bargain
prices
could
set
the
base
for
much
higher
PMs
prices.
An
oil
market
price
floor
could
unfold
in
coming
months
due
in
part
to
recent
OPEC
member
supply
limits.
US
and
international
paper
assets
such
as
stocks
and
bonds
are
far
less
appealing
in
2016.
Although
equities
P/E
ratios
indicate
overvaluation,
our
guest
likes
shares
in
Google
(GOOG).
The
head
of
Guild
Investment
outlines
3
key
geoeconomic
themes
in
the
US,
EU
and
China:
The
burden
of
enormous
national
debt
will
limit
US
economic
prospects.
China
is
in
far
better
economic
shape
than
anticipated;
Banking
sector
in
the
EU
is
facing
insolvency
issues
-
a
Russia
/
Turkey
showdown
seems
imminent.
His
exceptional
grandson
is
a
high
school
mathematical-prodigy,
who
penned
a
remarkable
book,
Physics
Reforged,
available
at
Amazon.com.
he
outlines
stocks
that
have
run
too
far,
too
fast,
that
may
require
hedging
amid
extremely
volatile
conditions.
Louis
Navellier
has
the
best
record
for
calling
bull
/
bear
markets
in
stocks
during
the
show's
10
year
run,
including
the
2009-2015
bull
market
and
more
recently
the
top
in
US
stocks.
So
it's
somewhat
surprising
to
hear
his
less
than
sanguine
comments
on
shares.
Our
guest
outlines
the
only
commodities
stock
in
his
portfolio:
Cal-Maine
an
agricultural
stock
in
Mississippi:
(CALM).
When
the
stock
market
rebounds,
he
likes
(ULTA)
and
(HD).
Every
investor
must
own
precious
metals
-
the
time
is
right
to
increase
gold
allocation.
Jeffrey
Nichols
&
Chris
Waltzek
-
February
5,
2016.
Jeffrey
Nichols
of
Rosland
Capital,
returns
to
the
show
with
his
latest
insights
on
the
precious
metals
sector.
A
new
uptrend
suggests
the
multi-year
selloff
may
be
reversing
course.
With
signs
of
sluggish
economic
output,
our
guest
suggests
that
Fed
policymakers
could
back-peddle
on
the
new
interest
rate
policy.
The
inflation
adjusted
or
real
interest
rate
may
already
be
negative,
depending
on
the
source
examined.
Investors
should
brace
for
either
a
new
wave
of
QE
or
a
novel
approach
to
boost
economic
growth.
But
even
if
the
Fed
maintains
a
hawkish
stance,
gold
will
likely
rise
anyway,
due
to
supply
shortages.
Gold
could
soon
eclipse
the
2010
zenith,
ascending
above
$2,000
per
ounce
as
soon
as
the
end
of
next
year,
yielding
100%
profits.
If
our
guest's
forecast
is
correct,
the
yellow
metal
could
climb
as
high
as
$3,000-$5,000,
within
seven
years.
Jeffrey
Nichols
of
Rosland
Capital,
returns
to
the
show
with
his
latest
insights
on
the
precious
metals
sector.
A
new
uptrend
suggests
the
multi-year
selloff
may
be
reversing
course.
With
signs
of
sluggish
economic
output,
our
guest
suggests
that
Fed
policymakers
could
back-peddle
on
the
new
interest
rate
policy,
reversing
the
upward
course,
eventually
moving
rates
into
negative
territory,
similar
to
the
ECB
and
BOJ,
for
the
first
time
in
national
history.
The
inflation
adjusted
or
real
interest
rate
may
already
be
negative,
depending
on
the
source.
In
addition,
investors
should
brace
for
either
a
new
wave
of
QE
or
a
novel
approach
to
boost
economic
growth.
But
even
if
the
Fed
maintains
a
hawkish
stance,
gold
will
likely
rise
anyway,
due
to
supply
shortages.
Gold
could
soon
eclipse
the
2010
zenith,
ascending
above
$2,000
per
ounce
as
soon
as
the
end
of
next
year,
yielding
100%
profits
to
investors
who
accumulate
the
metal
at
currently
discounted
prices.
If
our
guest's
forecast
is
correct,
the
yellow
metal
could
climb
as
high
as
$3,000-$5,000,
within
seven
years.
US
equities
could
be
entering
a
bear
market,
given
media
reports
of
a
domestic
retail
"Apocalypse",
with
hundreds
retail
store
closings.
Now
that
gold
has
recovered
by
nearly
$100
from
the
recent
lows,
gold
and
silver
investments
represent
the
best
portfolio
insurance
currently
available.
Gold
/
silver
equities
could
present
an
excellent
contrarian
opportunity,
relative
to
overpriced
sectors.
Mines
are
lean
and
mean,
due
to
lower
crude
oil
prices
and
related
expenses,
prepared
to
tackle
exciting
new
opportunities.
Cash
rich
firms
can
procure
properties
with
the
most
potential
at
a
fraction
of
the
cost.
The
host
and
guest
concur
that
long-term
portfolio
investing
is
the
safest
and
most
profitable
way
to
build
a
solid
financial
future.
Chris
welcomes
back
Bob
Hoye,
senior
investment
strategist
of
Institutional
Advisors.
US
equities
could
be
entering
a
bear
market,
given
media
reports
of
a
domestic
retail
"Apocalypse",
with
hundreds
of
retail
store
closings.
Now
that
gold
has
recovered
by
nearly
$100
from
the
recent
lows,
gold
and
silver
investments
represent
the
best
portfolio
insurance
currently
available.
In
addition,
gold
/
silver
equities
could
present
an
excellent
contrarian
opportunity,
relative
to
overpriced
sectors.
Mines
are
lean
and
mean,
due
to
lower
crude
oil
prices
and
related
expenses,
prepared
to
tackle
exciting
new
opportunities,
while
cash
rich
firms
procure
properties
with
the
most
potential
at
a
fraction
of
the
cost.
The
host
and
guest
concur
that
long-term
portfolio
investing
is
the
safest
and
most
profitable
way
to
build
a
solid
financial
future.
CEO
Marin
Aleksov
&
Chris
Waltzek
-
January
28,
2016.
Chris
welcomes
back
to
the
show,
Marin
Aleksov,
CEO
of
Rosland
Capital.
Our
guest
says
the
recent
market
volatility,
domestically
as
well
as
in
Asia,
which
could
lead
to
a
2008
style
market
crisis,
halting
the
FOMC
rate
hikes.
In
addition,
the
collapse
would
increase
appeal
of
safe
haven
assets
such
as
precious
metals.
Marin
Aleksov
is
primarily
concerned
with
the
return
of
his
wealth
and
less
so
with
the
return,
on
his
portfolio.
Our
guest
advocates
a
gold
allocation
of
20%-30%
per
investment
portfolio.
Investors
may
be
placing
too
big
an
emphasis
on
near-term
performance.
Gold
is
still
higher
by
over
25%
since
2008.
With
gold
priced
at
bargain
levels,
the
risk
/
reward
is
enticing.
Millions
of
investors
worldwide
are
seizing
the
opportunity
to
increase
exposure
with
limited
downside.
Chris
welcomes
back
to
the
show,
Marin
Aleksov,
CEO
of
Rosland
Capital,
who
says
the
recent
market
volatility,
domestically
as
well
as
in
Asia
and
Europe
could
lead
to
a
2008
style
market
crisis,
halting
the
FOMC
rate
hikes,
while
increasing
the
appeal
of
safe
haven
assets
such
as
precious
metals.
Marin
Aleksov
is
primarily
concerned
with
the
return
of
his
wealth
and
less
so
with
the
return,
on
his
portfolio;
our
guest
advocates
a
gold
allocation
of
20%-30%
per
investment
portfolio.
Investors
may
be
placing
too
big
an
emphasis
on
near-term
performance.
Nevertheless,
gold
is
still
higher
by
over
25%
since
2008.
With
gold
priced
at
bargain
levels,
the
risk
/
reward
is
enticing;
millions
of
investors
worldwide
are
seizing
the
opportunity
to
increase
exposure
with
limited
downside.
He's
convinced
that
the
yellow
metal
has
completed
the
bear
market,
which
is
why
he's
directing
funds
to
the
gold
safe
haven.
Investors
are
advised
to
ignore
the
dollar
price
of
gold
and
silver
and
focus
instead
on
the
number
of
ounces
in
their
stockpile.
"The
biggest
risk
is
not
owning
it
(gold)."
He's
watching
the
price
of
oil
closely.
He
leaves
the
listening
audience
with
a
warning
-
an
epic
financial
crisis
is
imminent,
much
worse
than
1929,
2001
or
2008.
Chris
welcomes
Robert
Kiyoaski,
America's
'Rich
Dad'
back
to
the
show,
author
of
the
Bestseller,
Second
Chance:
for
Your
Money,
Your
Life
and
Our
World
(2015)a
book
for
every
investor
level
with
graphs
to
help
readers
gain
much
more
than
the
price
of
the
book.
The
Rich
Dad
book
series
author
expects
the
US
share
slide
to
continue
in
earnest.
He's
convinced
that
the
yellow
metal
has
completed
the
bear
market,
which
is
why
he's
directing
funds
to
the
gold
safe
haven.
Investors
are
advised
to
ignore
the
dollar
price
of
gold
and
silver
and
focus
instead
on
the
number
of
ounces
in
their
stockpile:
"The
biggest
risk
is
not
owning
it
(gold)."
He's
watching
the
price
of
oil
closely
-
if
the
price
plunge
continues,
key
BRICS
nations
may
start
to
prepare
for
a
major
global
conflict
-
another
reason
to
hold
safe
haven
investments.
He
leaves
the
listening
audience
with
a
warning
-
an
epic
financial
crisis
is
looming,
much
worse
than
1929,
2001
or
2008,
as
outlined
in
his
latest
must
read
book,
Second
Chance.
CEO
of
Brazil
Resources
(BRI.V),
Amir
Adnani
makes
his
show
debut
-
Mr.
Adnani
has
a
reputation
for
moving
projects
rapidly
into
production.
Fortune
magazine
lists
Mr.
Adnani
in
the
prestigious
ranks
of
40
Under
40,
Ones
to
Watch
North
American
executives.
A
top
investment
fund
owns
17%
of
BRI
shares
-
legendary
precious
metals
investor,
Rick
Rule
of
Sprott
Asset
Management.
Mr.
Adnani
has
partnered
with
Mario
Garnero
of
Brazilinvest,
the
top
merchant
bank
and
financial
partner
in
Brazil.
His
success
strategy
involves
a
two
prong
approach:
identifying
exceptional
partners
and
employees
as
well
as
acquiring
discounted
properties.
As
a
BRICS
nation,
Brazil
is
the
eighth
largest
economy
in
the
world
where
officials
have
nurtured
and
fostered
a
mining
friendly
reputation,
including
a
reasonable
gold
royalty
rate
of
1%
(The
World
Bank,
2015).
The
Sao
Jorge
project
is
100%
owned,
includes
paved
highway
access,
a
nearby
workforce,
and
a
hydroelectric
power
source.
The
Cachoeira
project
benefits
from
a
solid
infrastructure
and
convenient
highway
access.
Brazil
Resources
has
a
uranium
ore
property
in
Alaska
-
the
Whistler
project
has
the
unique
benefit
of
$10
million
in
previous
exploration
by
major
firms
in
the
industry,
providing
a
treasure
map
left
by
earlier
exploration.
CEO
of
Brazil
Resources
(BRI.V),
Amir
Adnani
makes
his
show
debut
-
Mr.
Adnani
has
a
reputation
for
moving
projects
rapidly
into
production.
Fortune
magazine
lists
Mr.
Adnani
in
the
prestigious
ranks
of
40
Under
40,
Ones
to
Watch
North
American
executives.
One
top
investment
fund
owns
17%
of
BRI
shares
-
legendary
precious
metals
investor,
Rick
Rule
of
Sprott
Asset
Management.
Mr.
Adnani
has
partnered
with
Mario
Garnero
of
Brazilinvest,
the
top
merchant
bank
and
financial
partner
in
Brazil.
His
success
strategy
involves
a
two
prong
approach:
identifying
exceptional
partners
and
employees
as
well
as
acquiring
discounted
properties.
As
a
BRICS
nation,
Brazil
is
the
eighth
largest
economy
in
the
world
where
officials
have
nurtured
and
fostered
a
mining
friendly
reputation,
including
a
reasonable
gold
royalty
rate
of
1%
(The
World
Bank,
2015).
Two
key
mines
are
located
in
northern
Brazil,
the
Sao
Jorge
project
and
the
Cachoeira
project.
The
Sao
Jorge
project
is
100%
owned,
includes
paved
highway
access,
a
nearby
workforce,
and
a
hydroelectric
power
source.
In
addition:
The
property
is
located
near
major
gold
deposits,
Is
in
the
proximity
of
an
operational
mine,
Government
incentives
include
a
75%
reduction
in
income
tax
during
the
first
ten
years
of
the
project.
The
second
project,
Cachoeira
benefits
from
a
solid
infrastructure
and
close
a
nearby
highway,
three
deposits
with
near
surface
mineralization,
previously
examined
and
consolidated
by
major
producers:
Kinross
and
Luna
Gold
Corp.
Brazil
Resources
has
a
uranium
ore
property
in
Alaska
-
the
Whistler
project
has
the
unique
benefit
of
$10
million
in
previous
exploration
by
major
firms
in
the
industry,
providing
a
treasure
map
left
by
earlier
explorers.
In
addition,
the
geological
strata
share
similarities
with
key
uranium
discoveries.
Nick
Barisheff
&
Chris
Waltzek
-
January
20,
2016.
Nick
Barisheff
of
Bullion
Management
Group
(BMG),
notes
the
Tobin
Q
ratio
and
the
Shiller
index
indicate
a
high
probability
of
a
50%
stock
market
correction.
The
scenario
presents
an
interesting
contrarian
opportunity
for
inventors
to
exchange
overvalued
stocks
for
undervalued
gold.
He
compares
the
current
PMs
correction
to
the
late
1970's,
when
gold
ascended
by
750%.
If
the
prediction
unfolds
in
similar
fashion
a
gold
price
of
approximately
$8,000
-
10,000
could
unfold.
Our
guest
makes
the
startling
revelation
that
gold
performs
best
during
periods
of
economic
deflation.
A
key
study
spanning
300
years
of
financial
data
revealed
that
gold
soars
in
purchasing
power
relative
to
most
alternatives
amid
monetary
contractions.
Our
guest
chiefly
recommends
bullion
PMs,
which
provide
the
best
safe
haven
characteristics
in
a
world
awash
in
paper
assets.
Chris
welcomes
Nick
Barisheff,
Chairman
of
Bullion
Management
Group
(BMG);
he
cites
the
Tobin
Q
ratio
and
the
Shiller
index,
which
indicate
an
impending
equities
market
correction
of
up
to
50%.
The
scenario
presents
an
interesting
contrarian
opportunity
for
inventors
to
exchange
overvalued
stocks
for
undervalued,
gold.
He
compares
the
current
PMs
correction
to
the
late
1970's,
when
gold
ascended
by
750%.
If
the
prediction
unfolds
in
similar
fashion,
a
gold
price
of
approximately
$8,000
-
10,000
is
possible.
Our
guest
makes
the
startling
revelation
that
gold
performs
best
during
periods
of
economic
deflation
when
compared
to
inflation.
A
key
study
spanning
300
years
of
financial
data
revealed
how
gold
soars
in
purchasing
power
relative
to
virtually
every
alternative.
So
analysts
have
unwittingly
ignored
one
of
the
most
appealing
safe
haven
characteristics
of
the
yellow
metal.
Our
guest
chiefly
recommends
PMs
bullion,
which
offers
the
best
safe
haven
characteristics
in
a
world
awash
in
paper
assets.
Figure
1.1.
Nick
Barisheff
-
Empire
Club
2015
-
Sell
High,
Buy
Low
Professor
Burton
Malkiel
&
Chris
Waltzek
-
January
15,
2016.
Dr.
Burton
Malkiel,
Professor
from
Princeton
University
returns
to
the
show
to
discus
the
11th
edition
of
his
magnum
opus,
A
Random
Walk
Down
Wall
Street.
His
outlook
for
2016
is
somber
-
equities
and
most
asset
classes
seem
overvalued.
The
CAPE
P/E
ratio,
currently
near
23
in
the
US,
which
indicates
US
shares
are
overpriced
relative
to
global
shares,
on
a
historical
basis.
When
valuations
are
extended,
diversification
is
most
necessary,
buffering
the
impact
of
increased
volatility.
Although
the
professor
agrees
with
the
host
that
2016
will
be
a
year
of
Fed
rate
hikes,
tame
economic
conditions
will
likely
hold
policymakers
in
check.
The
idea
of
market
unpredictability
is
comparable
to
quantum
mechanics,
where
Einstein
could
not
accept
quantum
theory.
Instead
of
predicting
price
outcomes,
probability
theory
facilitates
enhanced
portfolio
return.
Even
the
Oracle
of
Omaha,
Warren
Buffett
has
publicly
denounced
active
investing,
instructing
his
heirs
to
engage
in
passive
index
investing.
The
professor
offers
his
favorite
index
fund
with
a
low
expense
ratio,
the
ETF:
(VTI),
with
a
remarkable
expense
ratio
of
1/20th
of
one
percent,
0.0005%.
Using
such
low
expense
ETFs,
the
typical
individual
investor
can
easily
outperform
virtually
all
top
money
managers
and
hedge
funds.
Adding
bonds
to
stock
index
funds
is
advisable.
Dr.
Burton
Malkiel,
Professor
Emeritus
in
Economics
from
Princeton
University
returns
to
the
show
to
discus
the
11th
edition
to
his
magnum
opus,
A
Random
Walk
Down
Wall
Street.
His
market
outlook
for
2016
is
somber
-
equities
and
most
asset
classes
seem
overvalued
given
the
CAPE
P/E
ratio
currently
near
25
in
the
US.
US
shares
are
overpriced
relative
to
global
shares,
on
a
historical
basis.
Nevertheless,
when
valuations
are
extended,
diversification
is
most
necessary,
buffering
the
impact
of
increased
volatility.
In
addition,
economic
conditions
are
currently
more
stable
than
noted
by
most
in
the
extreme
blogosphere
-
he
sees
no
collapse
on
the
horizon.
Although
the
professor
agrees
with
the
host
that
2016
will
be
a
year
of
Fed
rate
hikes,
tame
economic
conditions
will
likely
hold
policymakers
in
check,
limiting
the
extent
of
their
operations.
The
idea
of
market
unpredictability
is
comparable
to
quantum
mechanics,
as
Einstein
could
not
accept
quantum
theory,
his
colleagues
embraced
the
idea,
creating
a
vibrant
new
field,
which
culminated
in
the
Silicon
Valley
revolution,
computing
and
the
internet
.
In
similar
fashion,
instead
of
predicting
price
outcomes,
probability
theory
facilitates
enhanced
portfolio
return.
Even
the
Oracle
of
Omaha,
Warren
Buffett
has
publicly
denounced
active
investing,
instructing
his
heirs
to
engage
in
passive
index
investing.
The
professor
offers
his
favorite
index
fund
with
a
low
expense
ratio,
the
ETF:
(VTI),
with
a
remarkable
expense
ratio
of
1/20th
of
one
percent,
0.0005%.
Using
such
low
expense
ETFs,
the
typical
individual-investor
can
easily
outperform
virtually
all
top
money
managers
and
hedge
funds.
Adding
bonds
to
stock
index
funds
is
advisable.
Dr.
Marc
Faber
&
Chris
Waltzek
-
January
14,
2016.
Chris
welcomes
back
Dr.
Marc
Faber,
a
widely
respected
economist
and
editor
of
the
GloomBoomDoom
report.
Our
guest
expects
the
Fed
to
backpedal
with
the
new
rate
hike
policy,
with
the
announcement
of
a
new
wave
of
monetary
expansion
this
year,
QE
4.
Policymakers
are
pushing
on
a
string
-
monetary
expansion
is
far
less
affective
with
each
installment.
Although
the
equities
indexes
are
being
buoyed
by
a
few
key
shares,
the
majority
of
stocks
are
in
bear
market
territory.
Dr.
Faber
questions
the
veracity
of
official
US
economic
figures,
noting
a
high
likelihood
of
a
recession
in
early
2016
despite
official
indications
to
the
contrary.
After
years
of
stagnation,
gold
shares
are
outperforming
most
sectors,
as
their
relative
value
encourages
wise
investors
to
allocate
funds
into
the
XAU.
Dr.
Faber
recently
added
to
his
gold
position,
using
weakness
as
an
opportunity
to
procure
sound
money
at
a
discount.
The
storage
cost
for
physical
gold
bullion
is
low
making
the
yellow
metal
an
ideal
asset
to
outperform
other
commodities
amid
a
2016
rebound
rally.
Chris
welcomes
back
Dr.
Marc
Faber,
a
widely
respected
economist
and
editor
of
the
GloomBoomDoom
report.
Our
guest
expects
the
Fed
to
backpedal
with
the
new
rate
hike
policy,
with
the
announcement
of
a
new
wave
of
monetary
expansion
this
year,
QE
4.
Policymakers
are
pushing
on
a
string
-
monetary
expansion
is
far
less
affective
with
each
installment.
Although
the
equities
indexes
are
being
buoyed
by
a
few
key
shares,
the
majority
of
stocks
are
in
bear
market
territory.
Dr.
Faber
questions
the
veracity
of
official
US
economic
figures,
noting
a
high
likelihood
of
a
recession
in
early
2016
despite
official
indications
to
the
contrary.
After
years
of
stagnation,
gold
shares
are
outperforming
most
sectors,
as
their
relative
value
encourages
wise
investors
to
allocate
funds
into
the
XAU.
Dr.
Faber
recently
added
to
his
gold
position,
using
weakness
as
an
opportunity
to
procure
sound
money
at
a
discount.
The
storage
cost
for
physical
gold
bullion
is
low
making
the
yellow
metal
an
ideal
asset
to
outperform
other
commodities
amid
a
2016
rebound
rally.
The
dollar
was
on
the
verge
of
collapse
during
the
credit
crisis,
but
was
saved
by
the
bailout.
The
next
decline
will
require
the
formation
of
an
entirely
new
currency.
Chairman
of
SchiffGold.com,
Peter
Schiff
returns
to
the
show
with
dire
warnings
of
a
looming
currency
crisis,
that
could
make
the
previous
"Great
Recession"
seem
tame
in
comparison.
The
multi-year
bull
market
in
stocks
may
be
viewed
in
retrospect
as
a
Fed
fomented
bubble,
which
crushes
million
of
retirement
portfolios.
Artificially
low
rates
inspired
large
corporations
to
repurchase
their
shares
via
cheap
debt,
which
can
only
end
badly
for
investors.
Although
US
retail
sales
are
solid,
better
leading
economic
indicators
like
the
Dallas
Manufacturing
Index
and
the
US
Weekly
Leading
Index
are
rolling
over
(Figures
1.1.
&
1.2.).
The
dollar
was
on
the
verge
of
collapse
during
the
credit
crisis,
but
was
saved
by
the
bailout
-
our
guest
is
convinced
that
the
next
decline
will
require
the
formation
of
an
entirely
new
currency.
His
work
indicates
that
eventually,
momentum
will
return
to
the
gold
market,
making
$100+
days
commonplace
culminating
$5,000
gold.
Figure
1.1.
Dallas
Manufacturing
Index
(Leading
Economic
Indicator)
Figure
1.2.
Leading
Weekly
Index
(Leading
Economic
Indicator)
Note:
Data
/
graphs
courtesy
of
ycharts.com.
Jim
Rogers
&
Chris
Waltzek
-
January
6,
2016.
Powered
by
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download
this
show
in
Mp3
format,
please
click
here.
Summary
Chris
welcomes
back
Jim
Rogers
from
his
Singapore
office,
who
says
a
financial
crisis
is
imminent.
His
largest
currency
position
remains
the
US
dollar,
which
will
likely
rally
into
a
bubble
which
eventually
implodes
in
spectacular
fashion.
Although
not
a
safe
haven,
the
US
dollar
seems
impervious
relative
to
most
global
currencies,
for
the
moment.
He
continues
to
monitor
the
gold
market
for
signs
of
capitulation,
to
add
to
his
stockpile.
Russian
and
Chinese
firms
present
appealing
investment
opportunities.
Jim
Rogers
holds
short
positions
in
US
shares,
in
anticipation
of
further
volatility
on
the
heels
of
the
Fed
rate
hikes.
The
zinc
market
is
off
over
90%,
making
ETF
shares
(ZINC)
a
potential
turn
around
candidate
in
the
coming
weeks
/
months
/
years.
Chris
welcomes
back
Jim
Rogers
from
his
Singapore
office,
who
says
a
financial
crisis
is
imminent.
His
largest
currency
position
remains
the
US
dollar,
which
will
likely
rally
into
a
bubble
which
eventually
implodes
in
spectacular
fashion.
Although
not
a
safe
haven,
the
US
dollar
seems
impervious
relative
to
most
global
currencies,
for
the
moment.
He
continues
to
monitor
the
gold
market
for
signs
of
capitulation,
to
add
to
his
stockpile.
Russian
and
Chinese
firms
present
appealing
investment
opportunities.
Jim
Rogers
holds
short
positions
in
US
shares,
in
anticipation
of
further
volatility
on
the
heels
of
the
Fed
rate
hikes
and
more
hikes
expected
in
the
new
year.
If
a
meaningful
correction
does
not
come
to
pass
and
shares
blast
to
new
records
perhaps
doubling
from
current
levels
as
top
analysts
have
forecasted,
the
final
economic
endgame
could
follow,
leading
to
a
crisis
of
epic
proportions.
The
guest
takes
interest
in
a
contrarian
investment
-
the
zinc
market
is
off
over
90%,
making
ETF
shares
(ZINC)
a
potential
turn
around
candidate
in
the
coming
weeks
/
months
/
years.
Chris
welcomes
back
Bob
Hoye,
senior
investment
strategist
of
Institutional
Advisors,
who
wishes
every
listener
a
Happy
New
Year.
The
economic
endgame
could
be
near
-
central
bank
policymakers
are
using
every
method
possible,
including
negative
interest
rates
and
QE.
His
models
suggest
a
paper
asset
crash
is
inevitable,
it
is
merely
a
matter
of
time.
Timing
the
event
is
challenging
and
will
represent
a
sea-change
in
economics
worldwide.
The
tipping
point
could
stem
from
the
Junk
Bond
market,
where
soaring
yields
have
crushed
prices,
potentially
threatening
the
higher
rated
debt
market.
Our
guest's
key
takeaway
point:
a
financial
maelstrom
of
epic
proportions
will
crush
debt
instruments
and
even
shares
-
hard
assets
will
be
essential
to
economic
survival.
Chris
welcomes
back
Bob
Hoye,
senior
investment
strategist
of
Institutional
Advisors,
who
wishes
every
listener
a
Happy
New
Year.
The
economic
endgame
could
be
near
-
central
bank
policymakers
are
using
every
method
possible,
from
negative
interest
rates
and
QE,
to
hold
up
the
global
house
of
cards.
His
models
suggest
a
paper
asset
crash
is
inevitable,
it
is
merely
a
matter
of
time.
However,
timing
the
event
is
challenging
and
will
represent
a
sea-change
in
economics
worldwide.
The
tipping
point
could
stem
from
the
Junk
Bond
market,
where
soaring
yields
have
crushed
prices,
potentially
threatening
the
higher
rated
debt
market.
Our
guest's
key
takeaway
point:
a
financial
maelstrom
of
epic
proportions
will
crush
debt
instruments
and
even
shares
-
hard
assets
will
be
essential
to
economic
survival.
Martin
Armstrong
&
Chris
Waltzek
-
December
30,
2015.
Chris
welcomes
back
Martin
Armstrong
ofArmstrong
Economics,
the
subject
of
a
new
riveting
documentary
The
Forecaster
(2015).
Watch
the
theatrical
trailer
video
(Figure
1.1.).
At
the
heart
of
his
investing
methodology
are
international
money
flows.
The
recent
FOMC
rate
hike
could
actually
be
a
boon
for
US
equities
indexes,
as
investors
direct
funds
from
sluggish
international
zones.
The
discussion
includes
the
threat
posed
by
a
cash-less
society,
an
economic
ontology
gaining
momentum
domestically
and
worldwide.
The
Forecaster
shares
his
stock
market
forecast:
expect
26,000
-
27,000,
with
a
potential
for
40,000
on
the
Dow
Jones
Industrials
followed
by
extreme
volatility
into
2017-2020.
The
dialogue
returns
to
the
domestic
economy
-
up
to
70%
of
the
national
debt
stems
from
interest
on
debt.
Westerners
could
learn
much
from
the
economic
miracle
in
Japan
-
following
WWII,
Japan
became
the
2nd
largest
economy
worldwide.
Since
then,
China
has
followed
its
own
path,
capturing
the
title
of
second
largest
superpower
by
building
up
the
infrastructure.
The
chat
concludes
with
an
interesting
discussion
on
the
nature
of
market
forecasting,
expert
systems
and
genetic
algorithms,
useful
for
improved
prognostication.
Happy
Holidays
and
Happy
New
Year.
Chris
welcomes
back
Martin
Armstrong
ofArmstrong
Economics,
the
subject
of
a
new
riveting
documentary
The
Forecaster
(2015),
which
sold
out
in
theaters
across
Europe
-
watch
the
theatrical
trailer
video
(Figure
1.1.).
At
the
heart
of
his
investing
methodology
are
international
money
flows
-
his
models
suggest
when
policymakers
dictate
slowing
economic
conditions
by
raising
rates,
geopolitical
instability
inevitably
follows.
By
holding
rates
artificially
low,
the
banking
system
cannot
effectively
direct
interest
benefits
to
borrowers.
Nevertheless,
his
work
indicates
that
the
recent
FOMC
rate
hike
could
actually
be
a
boon
for
US
equities
indexes,
as
investors
direct
funds
from
sluggish
international
zones
in
pursuit
of
higher
US
rates.
The
discussion
includes
the
threat
posed
by
a
cash-less
society,
an
economic
ontology
gaining
momentum
domestically
and
worldwide.
The
Forecaster
shares
his
stock
market
forecast:
expect
26,000
-
27,000,
with
a
potential
for
40,000
on
the
Dow
Jones
Industrials
followed
by
extreme
volatility
into
2017-2020.
The
dialogue
returns
to
the
domestic
economy
-
up
to
70%
of
the
national
debt
stems
from
interest
on
debt,
which
could
have
been
directed
instead
to
productive
uses,
such
as
the
fragile
infrastructure
and
improved
education.
Westerners
could
learn
much
from
the
economic
miracle
in
Japan
-
following
WWII,
the
nation
of
few
natural
resources
and
a
crushed
industrial
base,
rose
to
economic
prominence,
the
2nd
largest
economy
worldwide
by
importing
most
of
the
required
resources
as
well
of
as
the
efforts
of
well
meaning
policymakers
who
understood
the
importance
of
supporting
industry,
business
and
the
entrepreneurial
spirit.
Since
then,
China
has
followed
its
own
path,
capturing
the
title
of
second
largest
superpower
by
building
up
the
infrastructure,
instead
of
just
accumulating
massive
debt
level.
The
dialogue
concludes
with
an
interesting
discussion
on
the
nature
of
market
forecasting,
expert
systems
and
genetic
algorithms,
useful
for
improved
prognostication.
Figure
1.1.
The
Forecaster
(2015)
-
Story
of
Martin
Armstrong