Gold stuck in limbo with the US economy continuing to struggle

Cory

8 years ago

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Last week was dominated by political headlines that shook markets on Wednesday then immediately subsided. When political events move the markets it is crucial to determine if anything really has changed. Far too often these 1 to 2 day moves are simply blips on a longer term chart.

This weekend’s show focuses on hard data for the US economy and the main drivers in the gold price. Even though gold garnered a buy on Wednesday and has stayed above the $1,200 mark it remains in “no man’s land” as George Gero says in segment 7. We have some great guests sharing their opinions this week but we also love hearing from you. Please weigh in on the comment section and send me emails regarding companies and topics that you want to see on future shows – Fleck[at]kereport.com

Segment 1 & 2: Kicking off the first two segments I have Dan Oiliver the Founder or Myrmikan Capital based in New York. We discuss the history of credit cycles and where the US is currently. In the second segment we look at the gold market and what could drive prices in the future.
Segment 3: Valentin Schmid, Business Editor of the Epoch Times weighs in on the fact that the US economy has not improved.
Segment 4: Adrian Day, Founder of Adrian Day Asset Management shares his views on how to invest when interest rates are rising.
Segment 5 & 6: Rick Rule joins me for the first two segment of the second hour. We discuss the change in central bank policies around the world and how this will impact the precious metals and other resources.
Segment 7: George Gero, Managing Partner at RBC Wealth Management updates up on the open interest in gold and why he does not like the fear trade driving the gold price.
Segment 8: Brien Lundin wraps up our show further discussing the fear trade into gold recently.

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