Financial Sense Newshour
In this segment Jim looks at the catalyst for global QE. He also continues with Part Two of "Keeping the Faith" and talks about when to sell, when to hedge, and what to do now with gold stocks. Jim also answers more of your Q-Calls.
Jim is pleased to welcome Steve Forbes, Chairman and Editor-in-Chief of Forbes Media. Steve and Jim discuss a number of important topics, from a new gold standard, to tax reform, to Ben Bernanke and the Federal Reserve. Steve believes the only way out of the mess we are in is a return to free markets and true capitalism. The combination of a low-tax system and a gold-backed currency worked well for much of our history, and Mr. Forbes believes we must return to those basic policies.
Jim welcomes back Joe Dancy to discuss the energy markets. Joe sees the completion of new pipeline projects in Texas narrowing the spread between WTIC and Brent crude, which could lead to price hikes in gasoline prices. Joe also expects crude oil and food prices to remain highly correlated, and up-trending over the next several years, which should be a very positive environment for companies in both sectors.
Jim welcomes Jeremy Gray, Managing Director and Head of Global Resources at Standard Chartered Bank. Jeremy is looking for a squeeze in the resource shares after the recent 3-month underperformance. He finds that gold shares look especially attractive for a major bounce. Jeremy also sees China playing a major role in future gold consumption, as both its central bank and vast populace continue to buy physical gold for a variety of reasons.
Ned Schmidt CFA, Publisher of The Value View Gold Report joins Jim this week to discuss the gold market. He sees the long term bull market still intact, but short-term weakness and volatility this summer. Ned believes you should calmly begin to identify what you want to own, and before the end of the summer, pull the trigger. In addition, when Jim Cramer says it’s time to dump gold, that’s the signal to start buying.
Jim welcomes noted technician Charles Nenner to the program. Charles sees further correction in the stock market, with S&P 1325 a critical level. He also believes the gold and silver bull market is still intact, but we could see lower levels this summer.
In this segment Jim tackles an issue regarding volatile markets and investor sentiment, "The Death of Equities: the difficulty of being a bull when you’re surrounded by bears." Jim also answers some of your Q-Calls this segment.
In this segment, Jim looks at the emotional toll of holding gold stocks in a difficult market, and why you should keep the faith. Jim also has this week’s Market Bill of Health and takes more of your Q-Calls.
Jim is pleased to welcome back Dr. Jim Walker, Founder and Managing Director at Asianomics Limited in Hong Kong. Walker sees a likely hard landing for China, and severe trouble ahead for Europe. He also believes that gold will not react until after the November presidential elections, when the fiscal realities of 2013 take center stage.
Jim welcomes Barry B. Bannister CFA, Managing Director at Stifel Nicolaus, to discuss the US equity outlook and the global macro environoment. Barry also discusses the Four Major Mistakes investors are making in today’s investment environment.