GoldSeek Radio Nugget - Bob Hoye: Gold's Strength in Current Conditions

Market historian and author, Bob Hoye (chartsandmarkets.com) shares free access to his favorite Junior Mining shares!

- Bob notes that crude oil as a proxy for energy suggests gold mining costs are declining improving EPS and eventually, the share price.
- The real price of gold continues to improve.

The rally in gold and U.S. dollars just became overbought, like a few trading days. So, we put out an advisory on the overbought [condition], and we'll get a correction for a while. The problem ahead is, of course, the U.S. dollar and going into the recession, [which] should be noticeable later in the year. The dollar can go up on the basis [that] if the U.S. gets a recession, the rest of the world's going to be in the pits. And you've got to go to liquidity, and that liquidity is in U.S. money market T-bills shorter than one year. Great liquidity. So, that puts a bid in for the dollar.

He continues:

When you're in a financial storm, the other place to park liquid assets is, of course, gold. So then you're going to have  a bid for both gold and a bid for the dollar. I don't see any huge price moves when measured in dollar terms. But, as you know, Chris, I also focus on gold's real price...

- Bob and Ross offer their list Junior mining list of shares pro bono!
- An overview of a few of Bob's favorite junior mining shares.
- Most stock market selloffs occur in the Fall, but with the big election, will this season offer a buying opportunity?
- Will the 15 year extraordinary US equities rally peak this year?
- Bob offers intriguing debt opportunities.
- Our guest outlines a chilling case for a global Great-Depression, 2.0.

Gold Juniors, Investments and AI-ChatGPT Substack (FREE): https://goldseekradio.substack.com/