In this episode, Andy hosts Adam Hamilton to discuss the recent rally in gold prices, which are reaching all-time highs. They dive into the reasons behind this surge, including the impact of central bank fiat currency injections and global investor interest. Adam shares his short-term bearish outlook on gold due to its extreme overbought condition and the heavy leverage by speculators in the futures markets, which could lead to a corrective pullback. The conversation also touches on the role of central bank purchases, particularly by countries like China and Turkey, and the potential influence of American and Chinese investment behavior. On gold stocks, while overbought conditions hint at a potential pullback, they remain undervalued relative to their current profitability and production margins. Adam highlights the importance of preparing for potential buying opportunities during pullbacks and gives insights into gold and stock trends for investors aiming to capitalize on these market dynamics. The episode concludes with a discussion on where to find more of Adam’s insights through his newsletters. For more info about Adam, please visit: https://www.zealllc.com/index.htm (one of the best values on line for gold and gold stock analysis).
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