| Why Rising Inflation is Not Transitory |
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John Williams, Dr. Quinton Hennigh and Michael Oliver return as guests on this week’s program.
Peter Boockvar told us last week that the Fed actually believes that rising inflation rates are transitory but think that by generating more inflation now that would be positive for the economy. But does it really matter what the Fed thinks and wants? John Williams believes the Fed will get higher inflation and will get it in spades. Even the Fed admits that surging money creation no longer boosts the economy but according to John it is likely to lead to hyperinflation. He remains hugely bullish on gold and silver.
Michael Oliver believes the next move higher for gold will be when the equity markets head south so we will want to know what his latest forecast is on stocks. Quinton provides updates on Irving resources. That stock has been very quiet even as some important corporate events have taken place as the markets await drill results. With few excited about Irving at this time, might it be time to acquire some shares? |
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