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GoldSeek Radio Nugget - Bob Hoye: Gold Stocks Will Outperform the S&P

 

Mr. Bob Hoye (chartsandmarkets.com) notes the post-bubble contraction, housing bubble and coming Fed Rate cut cycle:

- Implications of the inverted yield curve.
- Fed officials could begin rate cutting cycle, watch the 3-month T-Bill.
- Housing market challenges.
- Lessons from financial history.
- The market will take one last spike up, and that's when Hoye is getting out of the market.
- Hoye is partial to gold and junior golds.
- Gold price is tied to oil prices because gold miners rely on oil for mining.
- Gold miners make money in a post-bubble contraction because their mining costs crash relative to the bullion price.
- In every post-bubble depression, gold miners have done very well. Following a market-wide pullback, come the next buying opportunity, gold stocks will outperform the S&P.

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