GOLDSEEK RADIO

Bill Murphy and Bob Hoye


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Sep. 9, 2016Featured GuestsBill Murphy and Bob Hoye  Summary Bill Murphy of GATA.org returns to the show with insights on the PMs sector. The gold cartel continues to be the key shadowy force behind downward price movements in the PMs sector. Physical supply constraints are hindering their efforts, as evidenced by the sharp recovery in price in recent weeks. The dialogue includes news from Sydney Australia via GATA.org, that gold miner, Resolute is offering shareholders the option to receive gold bullion dividends. The shares skyrocketed several fold in recent months since the announcement.Recent commentary from Dr. Stephen Leeb implies that China's banks are accumulating large inventories of gold, to satisfy new IMF regulations.Our guest thinks gold represents the de facto investment opportunity. Bob Hoye, senior investment strategist of Institutional Advisors returns with comments on the financial markets. Our guest is monitoring the gold to silver ratio closely, noting the predictive powers, similar to a credit spread or yield curve. Every investment portfolio must include gold / silver assets; the perfect insurance against global money printing. According to a Labor Department Report, the US jobs included 100,000 fewer than anticipated, implying that the Fed has less wiggle room to raise rates. The Fed remains the only hold out among the central banking trifecta to keep rates above zero, i.e., the BOJ, ECB. John Williams latest figures at Shadowstats.com, the true national unemployment rate is approaching 25%, the worst since the Great Depression. The reason for the discrepancy is that officials no longer consider the 95 million discouraged workers as part of the tally. Tame energy prices offer gold / silver miners a competitive advantage, as energy is a major production expense. Bob Hoye outlines why the precious metals sector will eventually be the hottest venue in the financial world, at least doubling from current levels.  
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GOLDSEEK RADIOBy CHRIS WALTZEK

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