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June 25, 2021 | Gold, Commodity Prices and Margin Clerks

Bob Hoye has been in investment business for some 50 years, making him one of the more experienced researchers. His historical work has been thorough providing the first recognition of the fascinating transition from speculation in commodities to speculation in financial assets. It was controversial when Bob observed that “No matter how much the Fed prints, stocks will outperform commodities”. In January 2000, the research team concluded that the Dot-Com Bubble would peak in March 2000. In early 2007, the team outlined that the credit markets would reverse in May-June 2007. They did and the stock market followed. The latest was the call in early October for the Bitcoin Bubble to complete in December. Bob’s essays and speeches on political change and on actual climate change have been widely circulated.

Copper, US Dollar, Bonds

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Archives June 25th, 2021

Posted In: HoweStreet.com Radio

3 Comments

  • Michael says:

    Some analysts are predicting a 10% correction in equities in July followed by a parabolic move higher into 2022. Others say that the top is now in and that the markets will sell-off 10% at first and then gently stair-step down through 2022. But what happened to that 50% crash that many were anticipating just 15 months ago? Bob, will the markets experience a series of manageable downward corrections going forward or should we prepare for a 1929 or 2000 style crash?

  • Kathleen says:

    Hi Jim and Bob. It seems like Fed Chair Powell is signaling to the retail public that they can borrow at near zero interest rates and then invest in ever skyrocketing asset prices as the Fed promises to stoke inflation. Every time he speaks he might as well just play the 1957 hit by Frank Sinatra, “Come Fly with Me”. I heard one analyst, who is apparently “flying” with Chairman Powell, say that we are “only” in the “parabolic stage” and we haven’t gone into the “vertical stage” as yet. Bob, is Chairman Powell “flying by the seat of his pants” or does he has a specific flight “destination” in mind?

  • Chris Laus says:

    Hello Jim & Bob

    Does the Dow/Gold ratio have significance anymore ? I remember Richard Russell – a well known Dow Theorist in his day – suggesting that this ratio will go to 1:1 or below at secular financial market bottoms.

    Thanks for sharing so much of your research and perspective with us over the years.

    Chris
    Rhode Island

    Thank you

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