Financial Sense Newshour
Jim welcomes Ross Hansen, Founder of Northwest Territorial Mint, now America’s largest private mint. Jim and Ross cover a variety of topics, including Ross’ belief that Germany will ultimately opt out of the Euro and go to a gold-back Deutsche Mark. Ross also sees the US on an unsustainable financial path, eventually leading to a dollar collapse. Ross notes that when the music finally stops, you will want to own precious metals.
Jim is pleased to welcome Dave Lauer, a market structure and high-frequency trading consultant to IEX Group. Dave recently testified before the Senate Committee on Banking, Housing and Urban Affairs as to the dangers of high-frequency trading and also suggested potential solutions. Dave’s key points to combat the growing threats to market stability are to level the data-access playing field, reinstate the uptick rule, eliminate the maker-taker business model, and implement a market-wide surveillance system.
Jim welcomes Bud Conrad, Chief Economist for Casey Research. Bud discusses real estate in the economic cycle, and believes it’s now an attractive investment. He also lists where you should have your money now; metals, food, real estate and energy. Bud also talks about what worries him at the moment: rising food prices, Libya and the Middle East, a possible China-Japan conflict, and the massive US budget deficits. Bud and Jim also discuss interest rates, and how they could start rising.
Jim welcomes back energy expert Joe Dancy to discuss how record food prices will likely disrupt energy markets next year, as well as potentially set the stage for more turmoil in the Middle East. Joe also discusses the myth of energy independence in the US and why the energy stocks are the cheapest they’ve been in a decade.
Jim welcomes renowned technician Louise Yamada this week from New York City. Louise advises caution until the significant macro issues (presidential election and fiscal cliff) are resolved and there is more clarity looking out to 2013.
In this week’s Lifetime Income Series, Jim looks at the critical issues of Medicare and Long-Term Care. Jim illustrates many common concerns through a case study: "Mr. and Mrs. Fear- what are you worried about?" Lastly, given the devastating events this week with Super-Storm Sandy on the East Coast, Jim has a follow-up to his recent report on preparedness for natural disasters.
In this week’s first Big Picture topic, Jim discusses "The Wall of Worry - From Crisis to Catalyst." Jim looks at how once a financial crisis is resolved, it becomes a catalyst, and that is how bull markets begin.
In this segment of the Big Picture, the first topic is: "Gold Stocks−time to reap the rewards." Jim looks at how the gold stocks have underperformed the price of gold, and how this may be about to change for the well-run gold mining companies.
Jim is pleased to welcome geologist Keith Barron PhD, founder and Exploration Geologist at U308 Corp. Keith discusses the concept of "peak gold" as five million ounce gold discoveries grow ever more scarce. He also talks about how gold equities have lagged the price of gold due to a lack of new discoveries and problems in replacing gold reserves. Keith also expects to see the price of gold over $2,000 oz. by mid-2013.
Jim welcomes Gregory Weldon, President & CEO of Weldon Financial. Greg and Jim cover a number of topics, including the global bond market as a massive bubble, and how central banks are funding the majority of government spending. Greg also believes QE3 is not effective so far, and expects the Fed to announce additional Treasury purchases in the next few Fed meetings. Greg also sees Japan as the next "black hole" in the global debt crisis, as Japanese citizens have finally exhausted their savings and can no longer buy government debt.