Palisades Gold Radio, Released on 6/19/21
Tom welcomes a new guest to the show, Gary Savage. Gary is a Retired Entrepreneur and Investor.
Talking Points From This Episode
– Expectations for the equity markets.
– Bubble Patterns and Blow-Off Tops
– US Dollar outlook and Federal Reserve
– Commodity outlook, energy, and metals.
https://youtu.be/wkLLHEswurQ?t=23
Time Stamp References:
0:00 – Introduction
0:35 – Equity Markets
1:53 – Fed & The Dollar
5:09 – S&P Bubble Chart
8:00 – Patterns & Bitcoin
13:05 – Regression Analysis
17:50 – Gold Markets
23:02 – Gold Market Drivers
24:19 – News & FOMC
26:16 – Technicals & Manipulation
27:47 – Silver Chart & Timing
31:50 – CRB Index Chart
35:44 – Rules for Managing Risk
40:30 – Cash Holdings
42:04 – Equities & Risks
43:15 – T.A. Resources
44:58 – Wrap Up
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Gary discusses the broader equity markets and why the S&P is signaling another leg-up culminating in an explosive blow-off top. The recent moves in Bitcoin are typical of a bubble market, and he anticipates a long-sell-off and bottoming period before it recovers.
The Fed wants to control when and where inflation moves, and they will do whatever they can to keep inflation out of commodities. This is why trading metals is often tricky, as they are regularly manipulated. They will try to keep the inflation contained within the stock markets. It’s going to take a few months before gold makes the next leg-up.
Technical Analysis can be complex when markets move in surprising ways due to manipulation, but the long-term trend usually holds.
Silver is showing considerable strength, and he expects an eventual break out in the metal. Manipulators are having an increasingly difficult time as physical prices push the market.
Gary gives some advice on how to play market cycles via investing in three asset classes. You want to be unleveraged in this type of market and use caution. You might want to hold some cash and limit your exposure to equities.