Goldseek Radio, Released on 11/10/24 (Recorded on 11/8/24)
Bob Moriarty says gold shares continue to climb the wall of worry within a new bull market. The interview includes a review of the weekly charts of gold, PM’s shares, US stock and bond indexes.
– Bob thinks $2,700 gold is a great price for the king of currencies.
– After months of new high prices, gold bulls need a break to build momentum for the next big advance.
– The S&P 500 index exploded to a new record level on interest rates and exuberance following the election.
– With interest rates sharply higher, investors continue to avoid debt, which is deeply within a 4 year bear-market, in favor of US shares.
– The Gold Bugs Index, the HUI continues to make impressive gains.
– Are geopolitical risks as elevated as some think or is the equities market uptrend suggest fears are overblown?
Bob Moriarty is the founder of 321gold.com, a popular website which features articles, editorial opinions, pricing figures and updates on current events affecting precious metals. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 international aviation records. He is the author of Nobody Knows Anything and Basic Investing in Resource Stocks.