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Top Three Videos – May 17, 2024

► Searching for the Best Gold IRA Company?
This is a MUST-Read...

Dave Skarica: Markets Breaking Out! Are the 1929 and 1987 Scenarios in Play? (May 15, 2024)

StockChartoftheDay...

Summary

 
 

The speaker sees potential similarities between current market trends and those of 1929 and 1987, but acknowledges that history may not repeat exactly and plans to take strategic positions to navigate potential market movements.

 

  • “Both the 1929 and 1987 crashes happened 55 days after the top exactly 55 days so which is amazing.”
  • The parabolic nature of some stocks could lead to a potential blowoff event, although a crash is always a super low probability event.
  • Nvidia looks to be on the verge of a breakout, with potential for a 25 to 50% increase in the next move.
  • Gold looks like it’s about to break out, with the high at about 2425.
  • It looks to me like a lot of things are starting to break out here, reminiscent of the Corrections in the spring in both 1929 and 1987.
  • Gold and precious metals will be the first ones breaking out in a big decline, attracting a lot of capital.
  • “Trying to predict the last eighth is a losers game, and maybe I’ll probably take some strategic short positions at that point and just see what happens.”
  • “I know a lot of people are saying oh. This is just starting and I’ve seen people saying this is the middle of a the start of a sixy year bull market. I don’t see that with the froth that I’m seeing right now.”

Doug Casey: Medical care in the US costs 100x more than in this country...(May 15, 2024)...

Doug Casey's Take...

Summary

 
The high cost of medical care in the US may be due to factors such as expanding profit margins and excessive regulations, leading to significantly higher costs compared to other countries.

 

  • The rising costs of medical care in the US may be due to expanding margins or trying to keep them the same.
  • The cost of medical care in China is a fraction of what it is in the US, with a simple and affordable process for treatment.
  • Medical care in the US costs 100x more than in other countries.
  • Medical care in Argentina was cheap, efficient, and included a doctor visiting the patient’s apartment, which is unlikely to happen in the US.
  • “If you want solar panels made in the US or anything made in the US I’m sure the US could actually in point of fact produce about as cheaply as China but you have to get rid of regulations.”

Lawrence Lepard: GOLD Is Ignoring It All (May 12, 2024)...

Soar Financially...

Summary

 

Gold and silver are valuable assets to own as they are sniffing out potential monetary debasement and inflation, and are expected to experience a strong bull market with increasing demand and potential price targets of $2500 to $3000 for gold and $35 to $50 for silver.

 

Market Trends and Predictions

 
  • The gold market is very good at sniffing out monetary debasement and knowing what’s coming.
  • The gold price broke out of a top that had been established and decisively broke out through the 2070 level, which is a very big deal.
  • Commodity prices are in a bull market, which will be pushing up prices across the board.
  • Gold is sniffing out the monetary debate that’s going to come, indicating a potential shift in the economic landscape.
  • Gold is a much better store of value than a 10-year Treasury, and this trend is starting to accelerate.
  • Despite recent rough periods, Lepard remains an enormous gold bull, emphasizing the powerful and irreversible trends in the market.
  • The more compelling value on a relative basis is silver, as gold catches natural demand from central banks and big entities, while silver’s market is not big enough for billions of transactions.
  • Silver has an enormous and growing industrial demand, especially in solar panels, with reports suggesting that China could absorb all of the world’s production within five years.
  • Lawrence Lepard predicts a target gold price of $2500 to $3000 and a silver price of $35 to $50, expecting a strong bull market.
     

Government and Monetary Policy

 
  • Gold has sniffed out the lack of fiscal discipline and control in government spending, making it a top candidate for preserving purchasing power.
  • Inflation is embedded and very hard to get back in the bottle, with government numbers being very suspect.
  • The Fed will likely be forced into yield curve control and printing more money to address the ongoing financial challenges.
  • The pattern of the financial system since the Federal Reserve was formed in 1913 is that something breaks, they print more money, and they haven’t seen the next break, but the mathematics is just bearing down on them.
  • Nations are starting to buy oil in non-dollar currencies and are turning to gold as a hedge against inflation, signaling a potential decline in the dollar’s status as the world’s reserve currency.
     

Gold and Silver as Investments

 
  • “You’ve got to own things that the government can’t print, you know real estate qualifies. Gold qualifies. Bitcoin qualifies.”
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