Friday, March 04, 2016

James Turk & Bob Hoye

March 4, 2016
Featured Guests:
James Turk & Bob Hoye

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Summary:
  • Chris welcomes back Bob Hoye, senior investment strategist at Institutional Advisors.
  • His new peak momentum indicator tends to identify market zeniths and subsequent new bear markets.
  • It currently suggests gold and silver correction could soon pass, clearing the path for a new primary bull market.
  • His work on the silver market ranging from the 1500’s to today indicates that the current divergence in silver relative to gold could portend a financial crisis.
  • Bob Hoye is convinced that restoring confidence in the global currency system due to profligate policymaker decisions will require a global gold standard.
  • Canada officially has sold 100% of its gold reserve stockpile, near the bottom of a multi-year bear market.
  • Homes are overpriced in many towns, especially McMansions.
  • Junk bonds and many stocks are entering bear market.
  • Gold stocks are positioned to benefit from the financial volatility.
  • James Turk of GoldMoney.com returs to the show - he's watching the gold / silver ratio closely.
  • The current reading near 80:1 may represent a significant relative value for silver, especially given the naturally occurring, geological 10:1 ratio.
  • Were silver to merely return to the traditional level, the price would leap to three digits, even if the price of gold remained static.
  • Just five years ago, the gold / silver ratio approached 30:1 - a similar figure would put the silver price 2.5X's higher, approximately $35 per ounce.
  • Due in large part to negative lending by global central banks, the cost of storing gold is negligible, relative to the cost of negative savings rates.
  • Investors are understandably more concerned by the return of their funds than by the return on their funds (Will Rogers).
  • James Turk's inflation forecast suggests that millions of PMs investors will benefit from the outcome.

Show Host
Chris Waltzek
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