The Three Amigos Discuss Gold

The three amigos discuss gold – predictions, guesses, maybes, ifs. They are shocked that gold is doing well, even tho the stock market has not “crashed”. And Rickards is “surprised” that gold has done so well even tho “real interest rates are rising”. I have discussed over and over that “real interest rates” are the single stupidest economic theory ever, and that rising rates are extremely bullish for gold. It is absurd, no one cares about “real interest rates”, except for economists – pure fantasy. In December 2015, when I said it is time to buy gold and miners on a secular basis, I also specifically said interest rates are also going to soar. I DID NOT give a hoot about “real interest rates”, and I still don’t. Pure useless focus.

From Dec 2015:

In the Sep. update, I said the Fed would be raising rates soon, even though, all of the way over paid famous talking heads were claiming the Fed would not raise rates, maybe ever. The reason is that my technical work convinced me the short term interest rates were about to explode higher. And explode they have – 3 month, 6 month and 1 year TBills are at 7 year highs – up by 10 -20 times from the lows. And to repeat the Fed does NOT lead the bond market, they FOLLOW. And when the Fed does catch up to the bond market, short term rates will begin to move even higher. Expect to see a flat yield curve within 18 months as the 10 year yield will stay stubbornly low for a while before also exploding higher.”

 

People love this stuff. Wow.

 

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About traderscott 1093 Articles
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.

4 Comments

  1. funny how they are supposed to be “experts” having careers “analyzing” precious metals…. and “would I be surprised if it rose… no I wouldn’t…. would I be surprised if it stayed where it’s at… no I wouldn’t” then they go on to blah.blah blah…. about “unknown, unknowns” ( 😉 david…thanks Rumsfeld)comments on youtube for this vid are comedy…. bunch of boys crying “manipulation” over there…

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