Korelin Economics Report

John Rubino – Gold Price To $5-10K, Energy Outlook Negative, Digging Into The Jobs Data

John Rubino, publisher of his newsletter over at Substack joins us to share his thoughts on the gold price in the near term (price floor being $2,000) and longer term ($5,000-$10,000 gold in 3- 5 years). We also discuss why John is now thinking energy prices will struggle moving forward. To wrap up we look back to the US job data, released on Friday, and why John sees many issues with the data looking past the headline number.

 

On the gold investment front, and more short term, John sees $2,000 being a floor for price and should drive better earnings and margins for the miners. Combine this with lower energy prices, potentially generalist investors will take notice and could help the gold stocks play catch up to the higher gold price. 

 

For recent economic data we recap the jobs data from Friday. John outlines why he thinks “things are a mess” and to not just focus on the headline numbers.

 

 

Click here to visit John’s Substack.

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