Top
Wall
Street
Chartered
Technical
Analyst
(CTA),
Ralph
Acampora
of
Altaira
Wealth
Managementreturns
with
his
outlook
on
US
equities
and
the
PMs.
With
the
Dow
Jones
Industrials
over
20,000,
a
new
record,
our
guest
outlines
why
stocks
could
still
be
undervalued
by
10%
and
even
surprise
the
bulls.
Pushing
shares
higher,
expectations
of
an
economic
renaissance
fomented
by
the
new
Administration.
The
promise
of
reduced
corporate
regulations
and
stringent
import
levies
could
make
US
exports
more
competitive,
boosting
corporate
profits
and
US
shares.
Relatively
high
domestic
interest
rates
compared
to
the
PBoC's
-3.5%
and
Europe's
-1.00%
rates
makes
US
dividend
payments
enticing.
Amid
hawkish
comments
from
the
Fed
Chairperson
last
week,
one
of
the
biggest
beneficiaries
of
higher
rates
will
continue
to
be
US
financial
institutions.
In
addition,
US
home
construction
firms
and
related
sectors
such
as
concrete,
lumber
to
home
repair
businesses
could
benefit
from
infrastructure
rebuilding.
The
risk
of
higher
rates
continues
to
weigh
heavily
on
the
US
Treasury
indexes,
currently
unwinding
from
a
30
year
bull
market.
The
net
result
is
an
inflow
of
billions
of
dollars
into
US
equities
and
the
PMs.
Bill
Murphy
of
GATA.org
and
the
host
discuss
the
prospects
for
the
PMs
sector
in
2017.
According
to
Bix
Weir,
a
1/1
gold
/
silver
ratio
is
merely
a
matter
of
time
as
emerging
technologies
increasingly
rely
on
silver.
Case
in
point,
silver
is
key
to
smog
correction
devices,
which
are
in
high
demand
in
China
due
to
the
rise
of
the
increasingly
affluent
middle
class.
Just
as
the
Dow
Jones
Industrials
sets
a
new
all
time
benchmark
of
20,000,
weak
dollar
comments
from
the
new
Treasury
Secretary
Steven
Mnuchin.
The
new
Administration
has
plans
on
the
table
to
revamp
the
crumbling
domestic
infrastructure.
Raw
material
purchases
and
related
jobs
/
activities
could
boost
national
price
levels
to
the
benefit
of
PMs
investments.
The
technical
case
supports
the
nascent
silver
bull
market
thesis
-
the
silver
index
is
nearing
a
Golden
Cross
on
the
weekly
chart.
The
XAU
is
leading
the
metals
charge
on
a
relative
basis
-
another
indication
that
institutions
are
anticipating
a
multi-year
PMs
price
advance.
Once
silver
closes
above
$21
with
conviction,
Bill
Murphy
expects
new
bull
market
records,
echoing
Paul
Wong,
of
Sprott
Asset
Management.
Right
click
above
&
"Save
Target
As..."
to
download.
To
learn
more
about
software
needed
to
play
the
above
formats,
please
visit
the
FAQ.
Guest
Biographies
Ralph
Acampora
Altaira
Wealth
Management
Ralph
Acampora
is
a
highly
respected
name
on
Wall
Street
and
the
co-founder
of
the
Chartered
Market
Technician
designation
(CMT).
He
was
Director
of
Technical
Research
at
Smith
Barney,
Kidder
Peabody,
Prudential
Securities
and
Knight
Securities.
He
is
a
published
author,
popular
lecturer
and
a
leading
international
expert,
consulted
by
prominent
financial
experts
and
journalists
worldwide.
Bill
Murphy,
GATA
Chairman
Murphy
grew
up
in
Glen
Ridge,
N.J.,
and
graduated
from
the
School
of
Hotel
Administration
at
Cornell
University
in
1968.
In
his
senior
year
he
broke
all
the
Ivy
League
single-year
pass-receving
records.
He
then
became
a
starting
wide
receiver
for
the
Boston
Patriots
of
the
American
Football
League.
He
went
on
to
work
for
various
Wall
Street
brokerage
firms
and
specialized
in
commodity
futures.
He
began
as
a
Merrill
Lynch
trainee
and
went
on
to
Shearson
Hayden
Stone
and
Drexel
Burnham.
From
there
he
became
affiliated
with
introducing
brokers
and
eventually
started
his
own
brokerage
on
5th
Avenue
in
New
York.
He
now
operates
an
Internet
site
for
financial
commentary,
www.lemetropolecafe.com.
