Chris
Blasi, President of Neptune
Global LLC outlines his gold and Bitcoin
market outlook for 2018. Precious metals investors
could be rewarded this Autumn.
By
this September an uncertain domestic political
landscape could put the US dollar under pressure
to the benefit of safe haven assets.
The
bullish narrative for platinum and palladium
is just as compelling, given supply constraints,
leading to delayed delivery of physical metal
in many cases.
Neptune
Global suggests that investors include the full
spectrum of precious metals, including platinum,
palladium, silver and gold.
Regarding
the cryptocurrency / blockchain phenomenon,
our guest / host concur that the cryptocurrency
markets must not be confused with the blockchain.
Just
as Pets.com collapsed while the internet thrived,
so too will the blockchain grow into a viable
/ ubiquitous backbone, completing an Internet
2.0.
The
excess of the 20x Bitcoin rally of 2017 could
continue to unwind in similar fashion as the
year 2000 dot.com peak in US equities.
Given
that the crypto-sector is still in the early
adopter, nascent stage, the lack of track-record
and volatility decreases the accuracy of forecasting
methods.
Crypto
adherents should take heart that the encryption
theme will continue to usher in a decentralized,
transparent revolution, central to success in
the modern business environment of the next
decade.
Bob
Hoye of Institutional
Advisors makes the case for gold rally following
the sharp dollar selloff in the wake of the
anti-rate-hike comments.
Safe haven assets posted gains following comments
from Washington on the negative impact on US
exports due in part to the Fed rate hike cycle.
The
host notes that the strong dollar improves the
relative appeal of dividend paying US equities,
via quarterly payouts in the reserve currency.
Financial
history is replete with instances climbing interest
rates during an economic boom period.
Fed policymakers will likely follow rates higher,
increasing the overnight lending rate until
the trend halts, followed by a rate cutting
cycle.
US
equities remain the decade long, market du jour,
despite extremely overextended valuations.
The
current S&P P/E = 23.80 is well beyond the
traditional P/E = 15.
Until
US shares indexes top out (75% of US shares
closing day price behavior mirrors the S&P
500 index) the bear trap will continue.
Key market insiders like Tom Lee and Mike Novagratz
agree while Bitcoin and related tokens could
fall markedly in price from current levels.
The
potential value appreciation could eclipse even
the most bullish of forecasts.
Lee
goes-all-in, over the top pushing all the chips
into the pot with his BTC prediction of $10
million due to purchases by Millennials.
Voracious
institutional buying of cryptos over the next
decade is anticipated as Wall Street seeks low
beta / high alpha in the grassroots, mainstreet
revolution.
The
host advocates using the current weakness in
cryptos as an opportunity to add a modicum of
crypto assets, 1%-5% to a core gold position
in every investment portfolio.
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Guest
Bios
Bob
Hoye
Institutional
Investors
With
a
degree
in
geophysics
and
a
number
of
fascinating
summers
in
mining
exploration,
one
winter
in
"the
bush"
quickly
led
Bob
into
the
financial
markets.
This
included
experience
on
the
trading
desk
and
in
the
research
department
of
a
large
investment
dealer,
which
led
to
institutional
stock
and
bond
sales.
Bob's
review
of
financial
history
provided
the
forecasting
models
designed
to
anticipate
significant
trend
reversals
in
the
sometimes
alarming
volatility
typical
of
the
transition
from
rampant
speculation
in
tangible
assets
to
fabulous
speculation
in
financial
assets.
In
anticipation
of
the
latter
opportunity,
a
monthly
publication
for
financial
institutions
was
started
in
January
1982.
This
competently
covered
the
stock
market,
the
yield
curve,
credit
spreads
as
well
as
metal
and
energy
prices.
In
1998
the
Institutional
Advisors
website
was
started
as
a
forum
for
unique
and
reliable
financial
research.
Chris
Blasi
is
the
President
and
Chairman
of
Neptune
Global
Holdings
LLC.
Neptune
Global
is
a
full
service
precious
metals
dealer
that
works
with
individual
investors,
institutional
investors,
broker
dealers,
family
office,
hedge
funds,
and
wealth
management
firms.
The
company
makes
a
market
in
all
the
globally
accepted
forms
of
investment
bullion
in
conjunction
with
providing
international
delivery
and
storage
services.
In
addition,
Chris
Blasi
patented
The
PMC
Index
(Precious
Metals
Composite)
and
PMC
Ounce
is
a
financial
technology
for
pricing
and
trading
a
commodity
linked
financial
asset.
The
technology
combines
a
proprietary
front
end
transaction
algorithm
with
highly
specialized
middle
and
back-office
processes
to
meet
order
execution,
accounting
and
regulatory
requirements.
Peter
Hug,
Director
of
the
Kitco
Precious
Metals
Division,
makes
his
show
debut.
Negativity
in
the
retail
market
for
gold
/
silver
has
reached
such
epic
levels
that
from
a
contrarian
vantage
point,
a
price
floor
could
soon
materialize.
Bill
Murphy
&
Chris
Waltzek
Ph.D.
-
August
10th,
2018.
Wolf
Richter,
founder
of
WolfStreet.com
holds
silver
in
his
investment
portfolio
and
advises
investors
to
buy
and
hold
PMs
in
anticipation
of
the
next
uptrend.
Bill
Murphy
&
Chris
Waltzek
Ph.D.
-
August
10th,
2018.
Head
of
The
Morgan
Report,
David
Morgan
rejoins
the
show
with
comments
on
the
PMs
sector
noting
that
gold
remains
a
"free
lunch"
diversification
asset.
Part
II.
with
Bix
Weir
of
RoadtoRoot-A
continues
the
review
of
the
ever
evolving
crypto-revolution,
including
the
ascent
of
Ethereum
and
its
key
competitors.
Lynette
Zang
&
Chris
Waltzek
Ph.D.
-
May
10th,
2018.
Peter
Kendall,
coeditor
of
The
Elliott
Wave
Financial
Forecast
makes
his
show
debut.
Current
Elliott
Wave
analysis
suggests
that
the
US
shares
indexes
are
registering
ominous
signals.
Peter
Hug
&
Chris
Waltzek
Ph.D.
-
August
18th,
2018.
Bill
Murphy
&
Chris
Waltzek
Ph.D.
-
August
10th,
2018.
Wolf
Richter
&
Peter
Eliades
&
Chris
Waltzek
Ph.D.
-
August
1st,
2017.
Chris
Martenson
Ph.D.
&
Chris
Waltzek
Ph.D.
-
June
7th,
2018.
Raghee
Horner
&
Chris
Waltzek
Ph.D.
-
May
17th,
2018.
