by James J Puplava CFP
welcomes noted technician Tom McClellan, Editor at McClellan Financial
Publications. Tom sees a continuing pattern of stock market weakness,
likely bottoming in September. He discusses the Hindenburg Omen, and
believes the indicator was distorted by recent weakness in bond funds.
He also discusses the four-year Presidential Cycle Pattern. Lastly he
sees some bullish indicators for gold (see charts).
Also, Ryan Puplava has the Market Wrap-up, Erik Townsend covers
commodities and Rob Bernard looks at interest rates and fixed income.
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“Remember, gold moves on its own cycle. It has come down with the
whole raw materials crash in China, and it’s dragged down every single
raw material including rare earths, uranium, everything. But gold is
different. Curiously enough we have been getting an upturn in some of
these rare earths and uraniums. They seem to be moving together for
some reason. The answer to that is probably somewhere deep in mass
But the most important thing to remember about the geopolitical
situation is that gold is a hedge against two things: Currency
debasement, in other words too much printing of phony paper money, and
also geopolitical fears….
James Dines Audio Interview @ KingWorldNews.com