The KE Report, Released on 1/8/24

John Rubino, publisher of his newsletter over at Substack joins us to share his thoughts on the gold price in the near term (price floor being $2,000) and longer term ($5,000-$10,000 gold in 3- 5 years). We also discuss why John is now thinking energy prices will struggle moving forward. To wrap up we look back to the US job data, released on Friday, and why John sees many issues with the data looking past the headline number. On the gold investment front, and more short term, John sees $2,000 being a floor for price and should drive better earnings and margins for the miners. Combine this with lower energy prices, potentially generalist investors will take notice and could help the gold stocks play catch up to the higher gold price. For recent economic data we recap the jobs data from Friday. John outlines why he thinks “things are a mess” and to not just focus on the headline numbers.

0:00 – Gold price key levels to watch
4:25 – Higher gold prices and lower energy prices should help miner profits
7:58 – How do gold stocks separate from other equities?
10:07 – Jobs data revisions
14:14 – Inflation outlook

John Rubino is the founder of the popular financial website DollarCollapse.com which he sold in 2022. Mr. Rubino is the co-author, with GoldMoney’s James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980’s on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990’s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. His latest work can be found at https://rubino.substack.com.

  economy, gold, inflation