Interview with Palisade Radio: No Major Pullbacks in Sight
Talking points from this week’s interview:
• Gold stocks have just got out of the worst bear market in history
• Gold is an indicator of inflation
• You do not get a second major recession following a major recession
• The Fed is impotent to help the economy
Gold has performed well this week but there is resistance at the $1300 mark. There are many factors in play causing volatility in the gold price but this has not effected the stocks which have performed well without any significant corrections.
Gold stocks have touched their key 2014 resistance point, are overbought and have been underperforming compared to gold. We could see some consolidation in the short term. Gold stocks are following a pattern we have seen in other markets, a 20% correction in gold stocks is equivalent to a 10% correction in mainstream stocks and so we are still very much in the long term bull market trend.
A major market crash is not likely, instead we can expect a series of slow growth and minor recessions. The Fed is impotent to help the economy and we will still see a huge increase in government spending as that is what people vote for. This is when we will see inflation really pick up.
Jordan’s model portfolio is up over 300% in the last 7 years, he advises to take advantage of the current volatility, if we get a 10 or 15% correction, buy the weakness and in 2, 4, or 6 months you are going to be happy with that entry point.
Source: http://thedailygold.com/interview-with-palisade-radio-no-major-pullbacks-in-sight/
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