Bob Moriarty, founder of 321gold.com, outlines his investment battleplan for 2024!
- Bob agrees with many of our guests that the domestic economy could enter recession in 2024.
- Could confiscating Russian assets create a moral hazard, damaging the reserve currency?
- Are gold mining shares so lean-and-mean, that valuations demand a second look?
From a sentiment point of view, it's been negative for gold and silver for the last three weeks. "Hopium" suggests we're near the bottom...and I believe that's true. But it's just a belief, it's not a conviction, and should it be true, there are tons of Juniors [miners] that are about to explode higher.
Moriarty continues:
Have you ever heard the term prices are always right, opinions are often wrong? The strange thing is that so many gold cheerleaders – and there are hundreds of them out there – are constantly talking about manipulation and suppression, and they're giving investors the idea that somehow everything's gonna double and triple in the price of silver/gold overnight..and that's not really true.
If you examine price charts of nine different metals, including: aluminum, iron, copper, nickel, zinc, gold, and silver, you realize the gold and silver have been up in most time frames over the last hundred years. It's fiction to say gold and silver are cheap. They're only cheap if something dramatic happens in the financial system. Now, you know, as well as I do, I believe that that is, in fact, going to happen, but that's what it would take to move the price of gold and silver.
- Will US equities indexes consolidate as US Treasuries gain favor?
- Contrarian investing may be essential to successful speculation.
- Sentiment indicators can be blended to identify key market turning points.
- When the Vix, volatility index approaches 10, Bob says watch out below for US shares.
- CNN Business, Greed to Fear indicator.
- Fascinating technical market indicators.
Bob's Website: http://www.321gold.com/
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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.
