Market historian and author, Bob Hoye of chartsandmarkets.com says the everything-bubble may be deflating; what are the implications - tune into today's show for the details. Q&A with Bob Hoye and Bob Moriarty.
- When the Fed finally cut rates - is this bullish for the markets?
- Rising interest rates occur with a boom; falling rates coincide with an economic contraction.
- With gold hitting new record prices weekly, is $3,000 a new realistic 2024 price target?
We do focus on the real prices of gold. It started originally as deflated by the CPI because our work on great financial bubbles pointed out that at the conclusion of a great bubble gold's real price goes down – and then when the bubbles over gold's real price goes up...typically for 20 years. So anyway, we got [them] this time and I found some fun with going beyond gold divided by the CPI.
We're using the gold divided by the CRB (Commodity Index) as a proxy for the cost of mining gold – and one of the things in previous post-bubble depressions, is that everything falls relative to the price of gold...so we see this working out that the gold divided by CRB reached a really a new high six [or] seven months ago, corrected, and then now the prices are advancing again but not yet quite broken out. But it changes the complexion [of the gold sector].
- Will the dollar downtrend remain the primary financial theme?
- If you'd like to ask Bob Hoye a question - dial our Q&A hotline 24/7, leave a message, 828-554-1203 and send a message at gsradio@frontier.com
About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
