Friday, August 09, 2019

Dr. Stephen Leeb, Arch Crawford, Chris Waltzek Ph.D. & Robert Ian - August 9th, 2019 - Radio. A Spina-Waltzek Production-©2005-2019 Royalty free music from Google Play. Disclaimer: this show is presented only as informational content.

Aug. 9th, 2019
Featured Guests
Dr. Stephen Leeb &
Arch Crawford

Interview Recap
  • Arch Crawford, head of Crawford Perspectives for 42 consecutive years rejoins the show.
  • Arch's analysis indicates "the best gold buying opportunity in several years... add positions NOW!."
  • If the recent breakout holds as expected, "... the upside could carry gold above $2,000-$3,000+." Slowing momentum in US equities indexes.
  • However, the markets registered the highest nominal peak in national history, typical in a bull market.
  • Arch Crawford suggests that the ultimate peak in US shares indexes could occur on the Labor Day holiday.
  • The host outlines his forecast for NASDAQ 10,000 within 12 months or less if support levels hold.
  • Supporting shares, the new Fed rate-cutting cycle as well as those of global central banks.
  • The discussion veers to the recent trade skirmish between the US and it's largest trading partners.
  • The current Administration may have refuted the long-held hypothesis held by the field of economics of the Smoot-Hawley Act triggered the Great Depression, adding further support for continued success in US shares in 2020.
  • Best selling author and show Mentor, Dr. Stephen Leeb returns with insights on the financial markets.
  • Dr. Leeb is especially fond of the yellow metal, which recently touched a new 6-year record.
  • The BIS changed its stance on gold, which it now views as compared to cash, boosting demand.
  • Ironically, gold is the true cash, while fiat remains merely a shell game attempt to procure more gold!
  • Dr. Leeb finds a floor in the price of gold above $1,300, noting it will adjust, "very, very, very high." In 1971, when the US abandoned the gold standard for good, the inflation genie was unshackled.
  • The duo concurs, every portfolio can benefit from gold as a hedge against fiscal/monetary profligacy. During the interview, a news story noted new tariffs by the US on it's a latest economic trading partner - Dr. Leeb finds the tax counterproductive to domestic/global economic growth.