Tom welcomes back Gary Savage to the show. Gary is a retired entrepreneur, investor, and the President of Smart Money Tracker Premium. Gary discusses the challenging nuances of the metals market.
*Palisade Radio Links:*
► Website & Newsletter: …
Tom welcomes back Gary Savage to the show. Gary is a retired entrepreneur, investor, and the President of Smart Money Tracker Premium. Gary discusses the challenging nuances of the metals market.
*Palisade Radio Links:*
► Website & Newsletter: https://palisadesradio.ca
► Rumble: https://rumble.com/c/c-1586024
► Odysee: https://odysee.com/@PalisadesGoldRadio:c
► BitChute: https://www.bitchute.com/channel/67kkt6EjYPJM/
Savage warns of the potential for a false rally, as eager buyers rush to capitalize on a recent price action. While admitting the dollar's upward trajectory can suppress gold prices, Savage dismisses the notion that the dollar solely governs gold's cost and predicts gold prices may disregard the dollar after crossing the $2100 resistance mark. He projects the next intermediate cycle will overcome the dollar suppression. He sees potential investment benefits with mining stocks when they dip enough to be undervalued.
Savage posits an unexpected drop in the stock market, possibly triggered by an unexpected international political event, could spur the Federal Reserve to implement rate cuts and additional quantitative easing. Consequently, this could stimulate a bull market in stocks and gold, culminating in a stock 'bubble phase.’ Additionally, he warns of certain market patterns that signify a bubble in Bitcoin. Despite the recent approval of a Bitcoin ETF, Savage cautioned against the risks of markets surging disproportionately above their moving averages, referencing uranium miners as an example.
While examining the uranium mining ETF chart, Savage notes an eleven-month unbroken rally with minimal corrections, but expressed reservations about a potential "false breakout." Savage proposes utilizing stops to help manage greed in this phase of the uranium markets.
Predicting significant fluctuation in the oil market, Savage sees the chart potentially forming an extensive 'cup and handle' pattern. At some point he expects oil prices to rally. Eventu..
