GoldSeek Radio Nugget -- Axel Merk: The Fed Has No Strategy

Founder of Merk Investments, Axel Merk comments rejoins the show with stellar analysis on the domestic economy and disconcerting geopolitical developments.

- Axel says the "peak hawkishness" from the Fed suggests rates could soon decline; good for gold.
- Axel says the Fed really believes the economy will have a soft landing, but this is naive. Within the Fed's operating framework, they can't lower rates prematurely because they fear a stagflationary episode reminiscent of the 70s.
- A stagflationary wave could unfold.
- Gold mining and exploration stocks could move higher.
- Weak market breadth could indicate a recession looms, ahead.
- The AI excitement could persist for years to come, similar to the internet boom of 1994-2000.
- Stocks and Bonds, the traditional sixty-forty allocation, may be inadequate investment diversification.
- AI will likely become sentient once Musk's Neuro-link synthesis becomes generally accepted.
- Diversification among PMs miners and explorers is essential to success.
- Closing commentary.

- Merk Investments launched a Stagflation resistant fund: Merk Stagflation ETF:
(STGF) Daily Holdings as of 10/13/23:
Ticker Holding Name % of Net Assets
SCHP SCHWAB U.S. TIPS ETF 70.88%
DBO INVESCO DB OIL FUND 12.08%
OUNZ VANECK MERK GOLD 9.15%
VNQ VANG REAL ESTAT ETF 7.88%
USD US DOLLAR 0.00%
https://www.merkfunds.com/stgf

- Merk Investments funds small PMs mining companies:
Merk Investments LLCs top holdings:
Orla Mining Ltd (US:ORLA)
Americas Gold and Silver Corp (US:USAS)
Alamos Gold Inc. - Class A (US:AGI)
SSR Mining Inc (US:SSRM)
Barrick Gold Corp. (US:GOLD)
Integra Resources Corp. (US:ITRG)
https://www.merkinvestments.com/