Erik: Joining me now is petroleum geologist Art Berman.
Regular listeners already know it wouldn’t be an Art Berman interview without an Art Berman slide deck. You’ll find the download link for the Art Berman slide deck in your Research Roundup email. If you don’t have a Research Roundup email, that means you’re not yet registered at macrovoices.com. So just go to our home page at macrovoices.com, and look for the red button that says Looking for the Download? next to Art’s picture.
Art, it’s great to get you back.
Before we dive into your excellent slide deck, I want to start with the big picture.
First of all, I want to congratulate you. When we last had you on the show just before Christmas, you were getting very, very sharply criticized for an article you had just published called “The Oil Rally Won’t Last.”
And at that point we’re at $61. A whole bunch of people were saying, hey, we’re headed to $90. This is it, this is the big one.
Erik: Joining me now is our first feature interview guest this week, Julian Brigden, founder of Macro Intelligence 2 Partners.
And of course Julian is famous for his terrific macro slide decks. He has prepared another of those for today’s interview. We strongly encourage you to download that handout from the Research Roundup email, where you can find the link.
If you don’t have a Research Roundup email, which means you’re not yet registered at MacroVoices, just go to our home page at macrovoices.com, look for the red button that says Looking for the Downloads? next to Julian’s picture.
Julian, it’s great to have you back. Before we dive into your slide deck, it’s an FOMC week. Let’s talk about the FOMC statement and market reaction to it.
What’s your take?
Erik: Joining me now is Russell Napier, who of course is the founder of ERIC – not my name, Erik with a K – but Eric with a C, an acronym for the Electronic Research Interchange. And of course it is a very prominent website for the sale of institutional research to institutional investors.
Russell, it’s great to have you back on the program.
You know, ever since the 2008 financial crisis, I’ve predicted that eventually this response of encouraging even more borrowing would eventually set us up for another credit crisis in the United States. Well, so far, I’m either very, very early or very, very wrong. And of course in this business, very early equals very wrong.
Is there objective reason – I know that you are much more deeply in touch with the data than I am – to expect another credit crisis either in the United States or elsewhere in the world?
Erik: Joining me now is Grant Williams, the editor and publisher of Things That Make You Go Hmmm, perhaps one of the best-regarded newsletters in the industry.
Grant, something that has gotten my attention and I know has yours, and it has the attention of I think the smartest people in the investment industry, is not really just about investments. It’s about using our skills as investors to recognize there’s things going on in the world that are a really big deal. And they have investment implications for sure.
But the social implications, I think, are more important. Give us a quick outline, for those people who don’t read your newsletter, what’s on your mind with respect to civil unrest and the social fabric degradation that’s going on around the world?
Erik: Joining me now is Katusa Research founder, Marin Katusa.
Needless to say, the gold market is really, really heating up, folks. And I don’t mind admitting on the air that I was wrong at the end of last year. I really thought we would get down to probably $1,420 or so before eventually this market really took off, which I’ve always expected that it would.
And, sure enough, true to form, gold has broken out of its bull flag formation a lot sooner than I expected it to. And it looks like we’re off to the races.
Marin, let’s start with the big picture on gold and where we stand with gold. What do you see coming? And, particularly, right now we’ve got a lot of geopolitical risk with Iran and everything else going in. Is it possible that this breakout is a false alarm and we really are still headed back down to $1,400 or lower?
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