Friday, January 27, 2017

Ralph Acampora and Bill Murphy

Jan. 27, 2017
Featured Guests
Ralph Acampora and Bill Murphy

  • Top Wall Street Chartered Technical Analyst (CTA), Ralph Acampora of Altaira Wealth Management returns with his outlook on US equities and the PMs.
  • With the Dow Jones Industrials over 20,000, a new record, our guest outlines why stocks could still be undervalued by 10% and even surprise the bulls.
  • Pushing shares higher, expectations of an economic renaissance fomented by the new Administration.
  • The promise of reduced corporate regulations and stringent import levies could make US exports more competitive, boosting corporate profits and US shares. Relatively high domestic interest rates compared to the PBoC's -3.5% and Europe's -1.00% rates makes US dividend payments enticing.
  • Amid hawkish comments from the Fed Chairperson last week, one of the biggest beneficiaries of higher rates will continue to be US financial institutions.
  • In addition, US home construction firms and related sectors such as concrete, lumber to home repair businesses could benefit from infrastructure rebuilding.
  • The risk of higher rates continues to weigh heavily on the US Treasury indexes, currently unwinding from a 30 year bull market.
  • The net result is an inflow of billions of dollars into US equities and the PMs.

  • Bill Murphy of and the host discuss the prospects for the PMs sector in 2017.
  • According to Bix Weir, a 1/1 gold / silver ratio is merely a matter of time as emerging technologies increasingly rely on silver.
  • Case in point, silver is key to smog correction devices, which are in high demand in China due to the rise of the increasingly affluent middle class.
  • Just as the Dow Jones Industrials sets a new all time benchmark of 20,000, weak dollar comments from the new Treasury Secretary Steven Mnuchin.
  • The new Administration has plans on the table to revamp the crumbling domestic infrastructure.
  • Raw material purchases and related jobs / activities could boost national price levels to the benefit of PMs investments.
  • The technical case supports the nascent silver bull market thesis - the silver index is nearing a Golden Cross on the weekly chart.
  • The XAU is leading the metals charge on a relative basis - another indication that institutions are anticipating a multi-year PMs price advance.
  • Once silver closes above $21 with conviction, Bill Murphy expects new bull market records, echoing Paul Wong, of Sprott Asset Management.

Show Host
Chris Waltzek Ph.D.
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Friday, January 20, 2017

David Morgan, Bob Hoye & Listener's Q&A

David Morgan, Bob Hoye and Listener's Q&A                            

Show Highlights
  • Bob Hoye of Institutional Advisors rejoins the show with positive insights on the PMs sector noting a nascent cyclical bull market in the PMs miners.
  • Now that the first significant correction is passing, increased exposure to enticing gold / silver stocks is advisable.
  • Adding to the appeal of PMs investments, increased tensions between member nations and the EU, such as France, Italy, Portugal and Spain.
  • The discussion includes key research on the PMs sector from renowned investor, Doug Casey.
  • Using data from the World Gold Council, the Middle East is the third largest gold consumer, eclipsing even the US.
  • For the first time in modern history, the region could surpass India and even China as the top gold consumer.
  • Beginning in March 2017 new gold-friendly opportunities could facilitate sizable purchases of gold, silver and related commodities without violating Sharia law.
  • The duo discuss the implications of the sea change event for the PMs sector. Although the Fed retains carte blanch authority to absorb toxic debt, the threat of higher rates / yields is jeopardizing even their deep pockets.
  • The broad proliferation of exchange traded funds (ETFs) continues to flood the US equities market - company shares no longer dominate their own exchanges.
  • The Bitcoin ETF (GBTC), the brainchild of the infamous Winklevoss Twins, of Facebook, Social Network fame, remains the sole means to invest via markets.
  • GBTC is a regular Alpha Stock Newsletter candidate that has outperformed the market since added to the list.
  • The latest Listener's Q&A segment includes comments from longtime listener, John from San Diego.
  • John notes that market manipulation makes technical analysis obsolete. The host points to Wealth Building Strategies (Waltzek, 2010) and his PhD dissertation.
  • Enhanced Modern Portfolio Theory via Long-Memory Regimes (Waltzek, 2016), proves the point through statistical analysis with a high confidence level.
  • Technical analysis hinted at a murder of crows circling Lehman Brothers shares, as well as Bear Stearns and even the general equities markets in 2007-2008.
  • A caller from San Francisco expresses appreciation for the Radio program.
  • The show includes an encore performance from the Silver Investor, David Morgan.

Show Host
Chris Waltzek Ph.D.
About Chris
Contact Host: