Financial Sense Newshour

Jim is pleased to welcome back Don Coxe, Chairman at Coxe Advisors LLP. Don sees an emerging shale oil and natural gas boom in the US, which will make it a cheaper place to do business. He sees American ingenuity overcoming government interference. As to commodities, he sees a rally in the dollar impacting commodity prices short term, but he lays out the fundamental case why commodity prices will rise in the longer term. Don doesn’t see the Euro as a viable alternative to the dollar, as Europe’s problems mount. Lastly he notes that Ben Bernanke’s implicit message to investors is “get out of cash”.

Jim welcomes back David Nicoski CMT, Director of Research at Vermilion Technical Research LLC. David sees no sign of a top, with financials, energy and industrials doing very well and the transports confirming the uptrend. He believes that blue chip stocks are still cheap, and US economic growth is right now the best on the planet. Also, Ryan Puplava has this week’s market update, Erik Townsend and Jim discuss commodities, and Rob Bernard has the Fixed Income Report. 

In this segment Jim gives his reasoning why gold prices can head higher without a crisis situation, or economic Armageddon. Jim sees many fundamental economic factors that could push gold and commodities higher, without the need for an “end of the world” scenario. The next topic is “On The Record”, as Jim is interviewed by John on a wide range of topics, including his macro views, investment topics and the content of the program. Jim also answers more of your Q-Calls in this segment of the program.

Jim welcomes Doug Short, VP of Research at Advisor Perspectives. Doug sees the US markets as having room to grow and are above trend. He also discusses the Alternate CPI statistics, which Doug believes do not add up, and are out of sync with reality. Given the alternate CPI inflation levels, Doug notes that the current S&P 500 would be considerably more undervalued than in 1982. However, he notes that it still feels like a recession, since comsumer income has not kept up with inflation. Median household income is down 8.4% since 2000. This is among the reasons that many investors are scared, and remaining on the sidelines.