Financial Sense Newshour
Jim is pleased to welcome back CNBC’s Rick Santelli to discuss how many large states such as California and Illinois are increasing both deficit-spending and taxes, driving out job creators to more business and tax-friendly states. Rick notes that if the light bulbs don’t come on soon for many state legislatures, the lights of commerce will continue to go off, or move to a more welcoming state.
Jim welcomes back David Morgan to discuss the metals markets. David believes we have seen the bottom in gold stocks, or are very near the bottom. He believes investors must now decide the amount they wish to invest, and then focus on what to buy. David also discusses the battle between the paper and physical markets, and how the paper market is losing the battle.
Jim welcomes back Brian Pretti this week to discuss three major macro events that could move the markets in June. The Federal Reserve could announce the next round of QE, the Greek elections could change the political landscape in Europe and the Supreme Court decision on health care legislation could impact the elections in November.
Jim is pleased to welcome back noted technician Louise Yamada this week. Louise still prefers the US markets as the best alternative, but urges caution if you are investing. Louise also mentioned that the best companies usually don’t fall under the old motto "Sell in May and go away," but trade on their individual strengths.
In this segment Jim tackles the topic "In Search of the Holy Grail: Is there a perfect investment in this environment." Jim will also answer some of your Q-Calls.
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.