On Track: BOLD GOLD PRICE Prediction | David Hunter
ฝัง
- เผยแพร่เมื่อ 13 มี.ค. 2024
- Contrarian Macro Advisor David Hunter joins us for an in-depth discussion about the financial markets. What are his pre-bust price targets for gold, the SP500 & Oil? What can investors expect from the FED? What school grade does Jerome Powell deserve?
#gold #silver #fed
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Guest: David Hunter
Company: Contrarian Macro Advisor
𝕏 @DaveHcontrarian
Recording date: March 14th, 2024
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David is great, please bring him back in the future. I have followed him for a couple of years and he has been right on target. Thanks David!!
Thanks for tuning in, will do.
This guy has been spot on.
Always a pleasure to hear David.
Always enlightening to listen to David Hunter! Thank you!
Thanks
David Hunter is a legend 😃🙏✊
Thanks for having him on .
Awesome Guest! thx 🙏
Glad you enjoyed it!
David Hunter has a lot of forethought and wisdom. Great Kai.
You‘re welcome.
Excellent guest, thank you.
Glad you enjoyed it! Thanks for tuning in.
I listen to David because he has a record of being spot on... his benign view of Central Banks and the omission of 2 wars (and change) would appear to not stop him from this - he obviously has his indicators. Plus he holds my attention very well. Excellent discussion.. especially if he is right, which I suspect.
Thanks for tuning in!
David rules
He has been one of the few correct prognosticator on TH-cam calling for melt up ❤
1) he called for a broad meltup, and it very narrow instead, basically just the mag5
2) he called for a meltup prematurely when s&p was way above 4k, then it dipped to 3.5k
3) you forget that he was wrong about many other things he doesn't mention
agree!
He’s been horrible on timing. His melt up was supposed to have been two years ago. Didn’t happen. By the way, there has not been a “melt up”, just a slow, gradual move up. S&P was at 4808 when it topped out at the end of 2021. Now, 2 years, 3 months later it’s at a new ATH of 5164. That’s less than a 10% move from the last all time high to the current one (so, a 5% annual return?). Granted, there has been nearly a 20% move since October (but that has been irrational exuberance from the FED “hints” of 3-4 rate cuts in 2024…something that is clearly not going to happen this year, but is irrationally still baked into the stock market’s current price. Yikes!).
Great guest, great host
Hey, thats very kind. Thanks for tuning in. 🙏
Very interesting. and useful , Thank you.
You are welcome!
So the Fed is well-meaning, benevolent, and apolitical? Well, so am I. LMFAO.
Only when it comes to their fellow chews.
Looks like u forecasted well
What are the reasons for the future roll over....that's what matters.
Great interview well done gents
Thanks for the feedback 🙏
Glad you reset the timing. you couldn't leave the other as is. Good man.
Absolutely, didnt notice that the video recording lagged in one spot and threw the entire video out of sync, that already happened during the recording and I didnt notice post as the my intro seemed fine. Thanks for your patience.
is the TV signal screen & beep because of that@@SoarFinancially ... oh paused it and it says "Recording lagged / Pardon the cut"
Hey guy we know what we could see! What do you think we may see and why.
OK - game plan here. Before the bust, sell your hard assets near their high, and with the proceeds buy treasuries at today's rates (5% ?). Then, when the bust hits, you will have no assets to depreciate, your capital will be earning something in those bonds, while new bonds being offered by the FED will have ~ 0% interest rates. BUT, in the 70 -80's I had bonds at 16% and those bonds were called in when interest rates went down. Now what would the next move be? I guess at this point, assets were cheap ( I can't remember), so take the proceeds from the liquidated bonds and buy back assets like commodities and precious metals, etc. Maybe???? 🤔
Can I ask- if the economy goes bust, do good and silver stocks also bust with it? I thought people would still try to use these assets as a hedge? Cheers
@milesbennett6451 The main reason for the bust is bcz people went into more debt than they could handle. They thought more money would be coming in, but with prices rising, they realized that money was getting scarce, and that they were in trouble. So, at that point, they realized that the debt was a burden, and they begin to pay it down. Because of inflation, they hardly have enough money to pay their household bills, so to pay down debt, they must sell their assets -all assets, including gold, silver, btc & commodities. That is why all assets go down in a bust.
The dollar is still worthless, but everyone needs it to pay down their debt, to buy necessities at inflated prices, (inflated bcz dollar's worth is going down) so demand for dollar goes up. During the bust the trick is to have enough dollars to pay off your debt and still buy necessities w/o selling your gold and silver.
AFTER the bust, unlike in the 30s, when the dollar was backed by gold, everyone will realize that the dollar is worthless paper. THEN, there will be a clamor for currencies that have inherent value. That is when gold, silver and btc will do a moonshot - according to D. Hoffman, $20,000 gold, $500 silver, and BTC to > &1M - or even higher. Mr. Hoffman says the bust will last for 12 -18 mos. So that is how long you will need to hold onto your gold, silver & BTC. I heard that they could go down to $800, $7.00 & $1200 respectively. I own them, and I am NOT selling them bcz after the bust, there will be such a clamor for them that you won't be able to get your hands on them.
I didn't address what happens to the economy during a bust, but basically bcz people are paying down debt, their money is NOT going into buying things, so the economy takes a downturn. Here you will see layoffs and businesses closing - another reason people start selling their assets.
I hope this answers your question.
@@milesbennett6451I wrote you a long explanation of why gold and silver go down during the bust, but Marxist YT deleted it. But short answer, yes they go down during the bust which should last about 12 - 18 months and should start in a couple of months. After the bust, they will go to new highs. Dave Hoffman said he expects gold to go to $20,000, and silver to about $500 - 600. Some say silver will go higher than gold.
@@milesbennett6451 I'm sorry but I sent you 2 other replies and YT erased them.
@@milesbennett6451 Try again. Yes, they will go down during the bust. After the bust they will rise to unbelievable heights, so hold on to them. During the bust everything goes down bcz the dollar is strong then.
David is phenomenal it’s too bad people don’t have the patience for his predictions to come to fruition. 🎉🎉🎉🎉🎉🎉
He said sp500 would hit 6-7K last year, his timing is way off to take him seriously.
Translation: Patience= Time. We are OUT OF TIME.
@@fitnesspoint2006 I understand your point but it’s just an opinion and you can form your own opinion.
@@sitnhere time is all we have and the most scarce resource. so time is the most important. Timing is everything in life.
You may say Jerome Powell doing what he's supposed to be doing and giving him a good grade but what I see as a consumer is prices are still way too high and to make up for the high inflation for the past 3 years especially in 2022 when it got up to almost 18% in real terms we need deflation in order to get that he needs to be raising rates to 8 to 10%. If the main concern is inflation he needs to really Corral that with higher rates. It's not fair for people to all the sudden pay 18% and not have deflation coming and then to say oh 2% is a target who came up with that idea. It should be zero but the fact that you had 18% to slap Us in the face to start this run I say deflation for the next five years would be fine
+1000... The Fed doesn't give a sh*t about inflation, unemployment. If they did, those figures wouldn't be manipulated. All the Fed cares about is protecting the banks. When the threat of insolvency there gets to an unacceptable level, the Fed will cut rates with a chainsaw.
Kai. The reason gold is running is all the 18 to 48 year old women in Hong Kong and China are buying the gold inventory out daily as real estate values are quickly dropping.
Thanks for commenting, definitely lots of buying coming out of India and China.
Why is the FED talking about cutting rates? It’s only at 5%. And the economy from their words is strong.
I really think that they have overlooked the poor and lower middle class. Although I'm not sure what middle class means now. I think hyper inflation is around the bend. I can't see it not the way they have printed away the value of money.
Love it David Hunter Meltup Meltup Like japan 1989 Nikkei!!!!!!!!!!!!!!
Kai I thought you were Canadian ..you are usually in Vancouver
Used to live in Vancouver for a bit, but am a born and raised German.
When it comes to the Feds you have to ask yourself one thing. If they have a choice to save the banks or the economy, which one will they pick for the long term?
1 rate cut could be 100 bpts. No one said each cut has to be 25bpts.
today Powell said it would be all .25% cuts
Maybe this year he’ll be correct!… David Hunter has been saying “melt up for 3 to 6 months, then depression” since 2018. Peter Schiff and Harry Dent are famous for beating the same drum. This might actually be the year! We’ll see.
David just did another long video and that one had many useful time stamps. I’m Curious . When a channel doesn’t provide times tamps for a long interview that is clearly segmented into varied topics whats the reason? Just laziness ? Regardless I very much appreciate the channel and the interview but maybe it’s a useful comment
Thanks for the feedback.
Jeffrey Christian at CPM has some interesting observations about the present-day markets, gold and silver prices and what he thinks will happen in the near-term.
It'd be more than informative to invite both David and Christian to speak.
Yeah that bit is interesting- more interesting (for me) would be what happens in the bust for gold and silver? It was asked but he didn’t answer that part of the question haha 😭
get the heck away from the FED
Thanks Kai & Dave 👍🏻💛
You got it!
@@SoarFinancially Thanks Kai for putting my question to Dave, I know it was a bit nuanced & maybe not really answerable, even by a Guy of Dave's stature - I have been following Dave closely since CV19 & have a lot of faith in his calls, however holding my junior developer waiting for his melt-up has cost me dearly in known & unknown ways but, I've just gotta keep the faith at this point that his GDXJ call is close & that my stock pick participates!
Love your show - cheers 👍🏻💛
Sure thing,@@dave8212 - appreciate the question and am waiting for the same miner melt-up :)
Just because gold hit 2200 by no means it’s on way to 3000 because it broke out technically. It could be a failed breakout and fall hard
Anything is really possible - still trying to understand what pushed it to the current level.
David great..but way too many Fed questions
Thanks for the feedback. Yeah, I kept coming back to the FED, let's see what they do this week. Sadly, a lot of the market hangs on every word Powell utters.
Rates are rising and will continue to rise along with energy costs because more and more countries are realizing that the U.S. is facing a sovereign debt crisis.
big cuts!
The meltup pic in summer !
🚀🚀🚀
B+ or A- for causing stagflation as a result of 14 years of suppressed interest rates and currency devaluation? Well done, dear FED officials! What would we do without you? :)
interest rates must come down since inflation is coming down except for rents. And what makes rents going higher??? the Fed policy of high rates. So basically, if the fed wants less inflation, it is now time to reduce the int rate.
Been hearing this forever now 😂😄🤣😹😄😹
Patience Grasshopper.
What data is David’s analyses based on? The Fed’s data is notoriously suspect.
So let me get this straight the people in the market who are saying that the market is so good and that everyone should get in even with the interest rates high are calling for rate Cuts because they think it's going to get better so which is it higher rates are better for the economy or the markets or lower interest rates because right now they're talking out of both sides of their mouth which means they are lying one way or the other in which case they should be called out for that as well. I've always said the markets were detached from the economy but nobody seems to listen and they're proving my point
Powell puts on his glasses looks in the mirror and practices his most sincere/concerned grandfatherly look and then goes out and says whatever it takes to quell panic. The founding fathers said it all "...first they create booms by creating liquidity and then busts by contracting the money supply, and in each cycle they take in more wealth and power..."
GOLD value have been suppressed for a long time as much as possible, now its breaking out slowly, get loaded at least one ounce folks and thank me later. My prediction GOLD 10X on the way.
He’d give the fed an -A or B+, seriously?
Context
I have lost hope of silver ever going past $25. 😢😢😢
Really, top marks for the Fed... are you f'ing with me? I actually like David, but things are starting to get so messed up...
They gotta be nice. IRS audits can be ugly business.
High marks for their data lies!! 😅
A guru who's actually right. Rare.
Im a gold bug like most of you but cmon can we just admit we're all broken records here? We are all just waiting until sentiment turns.
I recommend David reading 'The Creature from Jekyll Island' by G Edward Griffin. Seems like he has no clue, who is running the show.
Griffin plagurised the book just about word for word from "secrets of the federal reserve" by Mullins !
@@livingadamman7994, really? Interesting.
Too many advertisements 😮
Have you tried TH-cam Premium?
My guess is for what's going to happen is because the last reading of inflation ticked up they did not win the battle if they see the next reading tick up they're going to have to raise 25 basis points
Really, all you can do is talk about the FED? That's always a sign that one doesn't have many decent ideas oneself
Kai, have a couple beers or some pot gummies before u do an interview, it would slow you down and stop you from stumbling over your words and or repeating words and phrases . Love it either way, good job!
Haha thanks for the feedback. Will rub my earlobes before the next one :)
Soft landing-soft in head
Miner bear market 20 yrs..golbal bust 12 months lol😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅
Gold will end the year around $3200
Listening to Hunter has cost me a fortune.
"Deflation is our risk, not inflation". I think you'll regret this comment for at least the next 5 years. After such massive monetary expansion, I don't understand why you would assume that.
This guy says inflation is going down. Evidently he hasn't been to a supermarket lately.
The RATE of inflation has come down. Prices are RISING at a LESSER rate.
Powell wouldn't have to fix things if he hadn't made bad decisions in the past..he gets a one legged A from me.F-
This Guy has been talking about an 80% bust since 2019 and DXY dropping to 0.85 (Up 12% since then) !! Every year he just moves his outlandish S&P targets another 20% higher!!
Every government in the world printing fiat currency, and Dave is calling for deflation.... LOL.
Too much FED talking!
C00L
He was saying this all exactly 2 years ago exactly and he cost a lot of people alot of money
U get saniflushed in stagflation😅😅😅😅😅😅😅😅😅
Momentum in golden mining turds😂😂😂😂😂...golds almost 2200$ ..miners at 20yr lows😂😂😂😂😂😂😂😂😂😂
David actually believes in manufactured government statistics? 🤣 Hunter will be spectacularly wrong on inflation.
This dude won’t see 2% mortgages in his lifetime. The trend of lower rates is over.
LOL BS SPREADERS
This is an old clip!
No he talks about it being March at 17:25
this guy must be drinking today
What is this guy smoking?
I don't believe David Hunter.
This is a sleazy podcast. leaving not worth my time.
thanks