Financial Sense Newshour
Louise Yamada CMT provides insights on the Dow/Gold ratio from 1979 to present as well as Japan Nikkei 225 monthly activity since 1989. John Kaiser provides the Financial Sense Newshour with global gdp and military spending and the boom and bust bubbles of gold and silver since 1970.
Jim welcomes Professor Steve Hanke, Professor of Applied Economics at The Johns Hopkins University in Baltimore. Professor Hanke is also a Senior Fellow at the Cato Institute in Washington, D.C. Jim and Professor Hanke discuss his recent article “Hyperinflation? No. Inflation? Yes.” He sees better growth ahead in the second half, perhaps as high as 3%, but also growing inflation as well. Professor Hanke notes that the US has had periods of high inflation in its history, including the Civil War, but never hyperinflation. He does not believe we will see it in the US in the foreseeable future.
Jim welcomes back Ned Schmidt CFA, Publisher of The Value View Gold & The Agri-Food Value View Reports. Ned discusses the top performing commodities in 2013: oats, cotton, eggs and butter. He notes that the global population keeps growing and everyone needs to eat. Ned also discusses his four “Best of Class” stocks in the agriculture sector. He advises not to buy them now, but wait until the seasonally weak summer period, when prices will likely be lower. Ned also discusses how he got into studying and writing about the agriculture sector. It turns out it was a play on China.
Jim welcomes back Axel Merk, founder and portfolio manager at Merk Investments LLC. This week Axel discusses some of the downside of currency wars, including a loss of competitiveness in domestic economies, growing social unrest, and in extreme cases, war.
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”.
In this week’s edition, Jim and Cathlyn discuss the reasons to formulate retirement and estate plans early, and why this can be very beneficial later on in retirement. They look at a case study and offer specific solutions for creating a more successful retirement.
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 the first Big Picture topic this week, Jim looks at the Federal Reserve’s exit strategy from its extreme low interest rate policy. Jim lays out the reasons why rates will not likely rise anytime soon, and then only slowly.
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.
Major price and RS reversal in natural gas. Also, Erik Townsend touches upon consolidation patterns impacting the gold price.