Financial Sense Newshour
Jim welcomes back commodities analyst Ronald Stoeferle of the Erste Group in Austria to discuss his 2012 Gold Report. Ronald sees multiple drivers for higher gold prices, among them negative interest rates, financial repression, central bank monetizing of government deficits, and significant emerging market demand for gold. He also sees the fundamentals for gold mining shares as the best in the last four years, and believes we will see a wave of acquisitions ahead as major producers seek to replace depleted reserves.
Jim welcomes Bud Conrad, chief economist at Casey Research. Bud discusses the big future in natural gas, and how to play this market. He notes the current cost of natural gas production is above the market price, meaning natural gas prices won’t remain this low indefinitely. Bud also discusses the recent jump in grain prices (corn, wheat and soy beans) and believes this will be bad news on the inflation front looking ahead.
Jim welcomes technician Bert Dohmen, founder of the Wellington Letter, back to the program. Bert discusses major economic issues not covered in the presidential campaign, and sees the Libor scandal getting much bigger.
In a special Big Picture segment, Jim digs into the real cost of government, and looks at many key issues not addressed in the current presidential campaign. As to the issue of taxation, Jim makes the case...
In this segment, Jim speaks with FSN Foreign Correspondent Erik Townsend from Spain, getting a closer look at the European debt crisis. In the Lifetime Income Series, Jim looks at a financial planning case study of the Stein family; "From Birth to Birthright." Jim also answers your Q-Calls in this segment.
Jim welcomes John Hofmeister, former president of Shell Oil and founder of the non-profit association Citizens for Affordable Energy. John speaks about the ongoing frustration of special interest groups and politics trumping sensible energy policy. John also discusses the "four mores" of energy: more energy from all sources, more infrastructure, more environmental protections, and more technology for energy efficiency.
Jim is pleased to welcome noted silver expert David Morgan of the Stone Investment Group. David offers the case for precious metals equities, as he sees the long consolidation coming to an end. David also discusses the impact of the Sprott Silver Trust on the price of silver, as well as suggesting his investment portfolio allocations (by cap size) in the metals market.
Jim welcomes back Axel Merk, Founder and portfolio manager at Merk Investments LLC. Axel sees a continuation of excessive spending and money printing by governments around the world. Austerity is not a popular policy and is very difficult to sustain.
Jim welcomes back noted technician Charles Nenner to the program. Charles sees one more test of S&P 1400, which he believes will fail. He also sees a war cycle to begin at the end of 2012 or beginning of 2013.
On the Big Picture this week, Jim looks first at "Recession, Depression and Recovery" and then does a "reality check" on the Obama Administration’s tax policy in "Get It Straight- Obama’s Tax Plan vs. Reality."