Momentum Trifecta
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Market, metals top continues to build
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Bob Hoye
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The monthly publication for financial institutions was started in January 1982. This competently covers the stock market, the yield curve, credit spreads as well as metal and energy prices. Bob, as chief financial strategist, writes the weekly overview - Pivotal Events
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Dear Howe Street,
These comments are a good reason to close the comment section! Best sites have no comment or forum section ie, Charles Kirk, Jesse’s Cafe Americain, to name two.
Why are you offended? Maybe you have been investing with Bob’s advice but remember, “the truth shall set you free”.
Different investors have different investing styles. If everybody is investing as Russell instructed, then there is no market. If there are not losing traders, then there is no winning traders. Some thinks there is no necessary to time market, wrong! If you are a silver bull and you just bought AGQ last week, if you can not time silver market, then if the current correction goes to make silver at a price of $30, then you as a later comer, will definitely be panic and suffer a lot of pain. If a silver bull in 1980s bought silver at $40s, and stayedwith the silver, then he should wait for 31 years then he could recover his money.
In stock market the winner trick is when and where you invest. Timing is everything.
The world is full of different people with different personality, you can not force them do the same thing.
The idea to take away from Bob is the Real Price of Gold. I take this idea and use it and don’t worry much about the rest. Then look to others for their ‘idea’ – the one that works and you can build up a strategy. I was early in gold at 2001 and silver at 2002. I never bought enough of either, especially silver. Still I have some and it has done me very well. I was goingt o buy a kilo of silver or a tube of 20 silver Eagles for every ounce of gold. Did so for a while but in the EU there is VAT on silver and not on gold. Also silver is very bulky! Ironically now it isn’t nearly as bulky per unit value. A kilo is nearly £1000 Sterling when it used to be £150.
I wonder if this silver move is a bit like a supply squeeze in the palladium market in 2000-2001 when it went to $1,000 and rhodium to 2008 when it went to $10,000. Crashes followed of course, but palladium 10 years later climbing to $800 is not that far from $1000. Difficult to call, isn’t it, for everyone.
Bob says he likes John WIlliams even though he disagrees with him on hyperinflation. Most of Bob’s disdain is for the Fed and the Keynsians. Anybody not with him on that one?
Hopeful:
Phil has asked Bob on occasion – actually, and in a friendly manner, put him on the spot wrt/calls on his ‘calls’. You must listen carefully. Bob always has an ‘out’ with one of his ‘proprietary’ forecasting tools that he calls upon so frequently and uses quite deftly.
Keep in mind however, this is an ‘entertainment’ program more than anything else. That, or IA must be shitting bricks for the ‘Institutions’ they’re ‘Advising’…
It’s going to get real nervous out there for many who think they have all the answers because they have historical data to reference ‘similar’ outcomes from times gone by. Those ‘old hands’ who have not yet become sclerotic in their mental flexibility to sew and act upon what is Really happening, as opposed to what they Think Should be happening, will be the ones positioned best for themselves – and their clients…
Dear Bob,
Well, 30 comments on here, about 6x as many as for anybody else.
“There’s only one thing worse than being talked about – and that’s not being talked about.”
“There’s no such thing as bad publicity.
AND ANOTHER THING!
US Dollar at 73.12 close, near to July 2008 low which was 71.31. Yikes! Well, Bob I don’t think this really seems like a chronically strong senior currency in the midst of a credit contraction. More like a chronic currency. It’s basically where it was just before the start.
Maybe the bear market in Bob will bottom soon.
Luv Silverbug.
xxx