Financial Sense Newshour on the Markets
Frank Holmes: Bet on America – There Are Always Opportunities Out There
Gold Stocks Still Significantly Undervalued
Jim welcomes back Frank Holmes, CEO and chief investment officer of U.S. Global Investors. Frank and Jim cover a number to subjects, including the gold market, gold stocks, the stock market and the opportunities that still abound in America for investors. Frank notes the...
Conference Board’s Ken Goldstein: U.S. Economy Speeding Up
Very Little Risk of Recession
Cris Sheridan, Senior Editor of Financial Sense welcomes Ken Goldstein, an economist at the Conference Board since 1971. Ken tells Cris the slow and uninspiring 2% growth that the U.S. has been stuck in for so long may now be coming to an end.
Richard Duncan: Prepare for Correction Once QE3 Ends
We’re Now Operating Under “Creditism” not Capitalism
Cris Sheridan, Senior Editor of Financial Sense, welcomes Richard Duncan, Chief Economist at Blackhorse Asset Management in Singapore. Richard explains how the markets and economy are now purely driven by credit growth and liquidity, which is bad news for both when the Federal Reserve’s third quantitative easing program is expected to...
Jim Puplava’s Big Picture: U.S. Real Estate – The Good, Not So Good, and The Bad
Also, “What the LEI’s Tell Us About the Rest of the Year” and “Respecting the Message of the Markets”
Jim’s first Big Picture topic covers the state of the U.S. real estate market. He finds that real estate reports have been mixed, and as usual it boils down to location, location, location. Jim also notes that the real estate market is interest rate driven, and it cooled off considerably as mortgage rates rose in the second half of 2013.
Louise Yamada: Market Still Climbing a Wall of Worry – Backed by the Fed’s Continued Easing
Also, Ryan Puplava, Erik Townsend and Rob Bernard
Jim welcomes back Louise Yamada CMT, Managing Director of Louise Yamada Technical Research Advisors. Louise notes that the market has continued to shrug off bad news, which is a characteristic of structural bull markets. She also notes that the market will likely continue to climb its wall of worry as...
Axel Merk: Stocks Are In Bubble Territory – Central Banks Have Compressed Risk Premiums
Interest Rates Not Going Up Anytime Soon
Jim welcomes back Axel Merk, President and Chief Investment Officer of Merk Investments LLC. Axel and Jim discuss the stock market, where Axel sees a “buy the dips” mentality. He believes the market is reaching bubble territory, as central banks have compressed risk premiums through QE stimulus injections.
James Kostohryz: Stocks Likely Moving Into Bubble Phase Over Next Year or Two
Market Bubble More Probable Than Market Crash
Cris Sheridan, Senior Editor of Financial Sense, welcomes global investment strategist James Kostohryz. James has accumulated over twenty years of experience investing and trading virtually every asset class across the globe. He argues that, instead of a massive market crash...
Avi Gilburt: Gold Stocks Are My Favorite Sector – But Not Sure the Bottom in Gold Is Here
We Could See a Break Below $1,000 in Gold
Jim welcomes Avi Gilburt, founder of ElliottWaveTrader.net. Avi emphasizes a comprehensive reading of charts and wave counts that is free of personal bias or predisposition. Avi and Jim discuss the gold market, as well the larger indexes, the dollar and interest rates.
Richard Dickson of Lowry Research: No Signs of a Major Top – Still in a Bull Market
Also, Ryan Puplava, Erik Townsend and Chris Puplava
Jim welcomes back Richard Dickson, Chief Market Analyst at Lowry Research. Richard discusses the chances of a 10%+ correction in the market, as well as current levels of buying demand and selling pressure. He still sees no signs of a major top in the market.
Ned Schmidt: Wall Street Is Wrong on Gold
No Relief in Beef
Jim welcomes back Ned Schmidt CFA, Publisher of The Value View Gold & The Agri-Food Value View Reports at Schmidt Management Company. Jim and Ned discuss the gold market, which Ned believes has bottomed.
Jeffrey Saut: Correction of 10-12% Still Likely, But Bull Market Remains Intact
Corporate Earnings Can Continue to Grow
Jim welcomes back Jeffrey Saut, Chief Investment Strategist at Raymond James Financial. Jeff and Jim discuss the likelihood and timing of the long-anticipated market correction. Even if it should occur, Jeff believes the long term bull market is still firmly intact.
Marc Chandler: There Is No Compelling Alternative to the Dollar
The Dollar Is on One Side of 87% of All Trades in the Foreign Exchange Market
Jim welcomes back Marc Chandler, author and Global Head of Currency Strategy at Brown Brothers Harriman. Marc and Jim discuss the dominance of the dollar as a global currency and the reasons why it is unlikely to collapse or be replaced by an alternative currency.
Technician John Kosar: The Odds Favor a Correction in the Third Quarter
Also, Ryan Puplava, Erik Townsend and Tom Smith
Jim welcomes back John Kosar CMT, Director of Research at Asbury Research LLC. John sees the odds favoring a correction in the third quarter and advises to have a plan in place to take advantage of any corrections. John also notes that the market will be more vulnerable to mishaps after the Fed taper ends later this year.
Ronald Stoeferle: Gold - The End of the Bottoming Process
In Gold We Trust – 2014 Report
Jim welcomes back Ronald Stoeferle CMT, CFTe, Managing Director at Incrementum AG to discuss his eighth annual “In Gold We Trust” report. Ronald likes the fact that the consensus considers the gold bull market over. Gold is now a contrarian investment.
Joel Kurtzman: Unleashing the Second American Century: Four Forces for Economic Dominance
Four Transformational Forces Will Provide the Foundation for a much Stronger Economy in the Future
Jim is pleased to welcome author Joel Kurtzman, Senior Fellow at the Milken Institute and author of the new book “Unleashing the Second American Century: Four Forces for Economic Dominance”. Joel makes the powerful argument, that while America faces many challenges, our best days are ahead of us.
OMFIF’s David Marsh: Worldwide Shift by Central Banks Into Stock Market
The Beginning of a Longer-Term Trend
Cris Sheridan, Senior Editor of Financial Sense, welcomes David Marsh, co-founder and Managing Director at the OMFIF (Official Monetary and Financial Institutions Forum) in London, who is also an expert on central banking policy and trends. David notes that thirty to forty central banks worldwide are currently...
Technician Tom McClellan: Don’t Look for a Bear Market Soon – Sentiment Is Bullish
Also, Ryan Puplava, Erik Townsend and Rob Bernard
Jim welcomes back Tom McClellan, Editor of McClellan Financial Publications. Tom doesn’t see a bear market anytime soon. He notes that the Fed's balance sheet is still getting larger, and that is still bullish for the stock market.
Dave Lauer on HFT, Broker-Routing Conflicts, and Dark Pools
Conflicts of Interest Feeding the Dark Pools
Cris Sheridan, Senior Editor of Financial Sense, welcomes Dave Lauer, President & Managing Partner at KOR Group LLC. A substantial amount of trading is done every day off-exchanges in what are referred to as “dark pools”. Why?
Jim Puplava’s Big Picture: Peak Oil – Delayed But Not Resolved
Also, “OPEC’s New Competition” and “Missing the Boat”
Jim’s first topic on the Big Picture this week is “Peak Oil – Delayed but Not Resolved”. Jim lays out the issue of Peak Oil in depth, and quotes studies that believe it could still arrive by the end of this decade. Jim also looks at the Shale Revolution in the US and discusses how long the shale story may delay the onset of Peak Oil.
Technician Shelley Moen: Looking for a Pull-Back Soon, But Still a Bull Market
Also, Erik Townsend and Tom Smith
Jim welcomes back Shelley D Moen CMT, Senior Market Strategist at Vermilion Technical Research. Shelley expects some volatility from second quarter earnings, and expects a market pull-back as well, but is not sure of the catalyst; it could be an economic event, or perhaps geopolitical.