Robin Griffiths: We Are “Very Early Days” Into a Precious Metals Bull Market

Jim welcomes back Robin Griffiths, Chief Technical Strategist at the ECU Group in London. Robin’s work indicates the US markets are overvalued and entering bubble territory. He stresses there is nothing wrong with the companies, just the valuation basis. Technically, Robin sees characteristics of a bear market, but he believes Federal Reserve intervention is keeping valuations in record territory. Robin also discusses the bull market in precious metals, which he believes is in “very early days”, as major gold miners begin to perform and institutional money begins to enter the precious metals equities as a hedge against a market at all-time highs. Robin advises investors to be more risk averse in the next few months and wait for the election results. Also in this segment, Ryan Puplava has this week’s Market Wrap-up and David Morgan of the Morgan Report discusses the precious metals markets with Jim.