Waiting for Gold’s Next Turn

Brien Lundin and John Rubino return on this week’s program.

The Fed seems to be dead-set on tightening into a recession, come hell or high water, which has never been done before. While gold, silver, and other tangible assets have been hit, we’ve seen periodic rallies in the U.S. stock market as most of today’s traders (who have grown up watching the Fed rescue them at every downturn) have like Pavlov’s dog, been eager to rush back in to buy the dips after every significant sell-off. Might David Stockman be right when he opined that there will be no pivot by the Fed any time soon because the worst inflationary problem since the 1970s isn’t going away so quickly and the masses are mad as hell and are demanding prices stop rising? In other words, according to Stockman there will be no pivot from QT to QE because the Fed is going to have to do whatever it takes to stop inflation dead in its tracks.

Brien talked about his views on the Fed’s monetary policy as well as other factors impacting markets and explains what he is looking for in the gold markets to provide a green light to back up the truck to buy extremely undervalued gold and silver stocks.  John provides his market insights and comments on Alasdair Macleod’s recent article titled: “Geopolitics: The World is Splitting in Two.” That article maintains that due to some very bad geopolitical and monetary policies the western world is in decline while Russia and the Asian world is an ascending power. That will lead to rapidly declining purchasing power of the dollar and rising interest rates for years to come.

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With a career spanning three decades in the investment markets, Brien Lundin serves as president and CEO of Jefferson Financial, a highly regarded publisher of market analyses and producer of investment-oriented events. Under the Jefferson Financial umbrella, Brien publishes and edits Gold Newsletter, a cornerstone of precious metals advisories since 1971.

He also hosts the New Orleans Investment Conference, the oldest and most respected investment event of its kind. Mr. Lundin holds a Bachelor of Science from Louisiana State University.

John Rubino is the founder of the popular financial website DollarCollapse.com. He is co-author, with GoldMoney’s James Turk, of The Money Bubble: What To Do Before It Pops, and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), The Collapse of the Dollar (also with James Turk), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street(Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications.

About Jay Taylor

Jay Taylor is editor of J Taylor's Gold, Energy & Tech Stocks newsletter. His interest in the role gold has played in U.S. monetary history led him to research gold and into analyzing and investing in junior gold shares. Currently he also hosts his own one-hour weekly radio show Turning Hard Times Into Good Times,” which features high profile guests who discuss leading economic issues of our day. The show also discusses investment opportunities primarily in the precious metals mining sector. He has been a guest on CNBC, Fox, Bloomberg and BNN and many mining conferences.