Palisade Radio, Released on 11/7/19
Sam discusses how 2015 was the bottom of the bear market for gold and why he doubts that we will ever see those levels again. Gold may retest the 2016 highs over the next month and then head higher by the end of this year.
Sam believes that markets are inefficient and that underlying systemic risks have yet to be priced into gold. He recommends investors keep a close eye on the Fed’s balance sheet over the next few months. Don’t try and call markets but instead diversify your portfolio and invest in physical if you believe in gold.
Time Stamp References:
0:35 – His investment career.
1:40 – End of the bear market and price action today.
3:10 – What are the potential for juniors?
4:50 – Structure of the gold market and manipulation.
9:30 – Sentiment and market cycles.
13:00 – Favorite books and authors on investing.
15:20 – The Fed and why investors should be cautious.