Peter
Schiff,
Gary
Dorsch,
David
Nickoski
&
Jeffrey
Christian
Please
Listen
Here:
Summary:
David
Nicoski
of
Vermilion
Technical
Research
makes
his
debut
on
the
show
-
he
deciphers
the
market
dynamics
from
a
technical
perspective,
in
particular
relative
strength
analysis.
Starting
last
Wednesday,
the
market
plunged
sharply,
fulfilling
a
bearish
diamond
pattern
prophecy.
The
thousand
point
decline
in
the
Dow
Jones
Industrials
Average
last
week
was
followed
by
a
1,000
point
intraday
collapse
on
Monday.
Our
guest
expects
further
negative
price
action
amid
a
flurry
of
unexpectedly
bearish
news
events.
An
ominous
diamond
pattern
recently
emerged
in
US
equities
-
strikingly
similar
to
the
1929
market
zenith.
One
overlooked
gem
in
the
rough
is
the
Nikkei
index
(DXJ).
David
Nicoski
thinks
that
Japan's
equities
bourse
is
on
the
cusp
of
a
10
year
bull
cycle.
His
analysis
on
individual
sectors
can
markedly
improve
portfolio
results,
as
the
typical
difference
between
solid
/
weak
sectors
exceeds
45%.
The
guest
notes
the
US
stock
indexes
should
not
be
compared
beyond
a
few
years,
as
stocks
are
added
/
dropped
too
frequently
to
make
useful
comparisons.
He
is
waiting
for
a
bottom
pattern
to
unfold
in
the
PMs
sector,
such
as
an
inverse
head
and
shoulders,
double
/
triple
bottom.
Prominent
economic
analyst,
Jeffrey
Christian
of
CPM
Group
rejoins
the
show
on
the
heels
of
a
pilgrimage
to
South
Africa.
His
team
correctly
forecasted
the
commodities
sector
weakness.
The
cyclical
decline
in
the
bull
market
in
commodities
should
conclude
by
2018.
Our
guest
thinks
the
US
Fed
is
behind
the
financial
trends.
A
Fed
rate
hike
of
the
benchmark
lending
rate
is
a
non-sequitur.
Given
the
recent
currency
/
equities
market
turmoil,
worldwide.
Our
guest
is
watching
for
signs
that
investors
in
China
start
booking
substantial
equities
profits,
redirecting
capital
into
the
precious
metals
market.
The
battered
crude
oil
sector
could
be
presenting
entry
opportunities;
any
price
below
$40
represents
a
fair
price,
according
to
their
models.
Gary
Dorsch,
publisher
of
Global
Money
Trends
Newsletter,
notes
how
officials
around
the
globe
continue
to
debase
their
money
to
bolster
ailing
economies.
The
race
to
the
bottom
may
have
dire
consequences,
worldwide.
Not
only
are
some
company
shares
collapsing,
but
their
bonds,
too.
Our
guest
notes
that
the
economy
is
producing
on
average
200,000
jobs
per
month,
home
prices
have
recovered
while
corporate
conditions
have
improved
markedly,
so
it's
inappropriate
to
hold
rates
near
zero.
Expect
the
Fed
to
follow
the
advice
of
the
BIS
and
end
the
6.5
year
holding
pattern
with
a
rate
hike
next
month.
The
ECB
and
BOJ
will
continue
quantitative
easing
by
a
combined
$1.5
trillion.
Yields
on
low
quality
bonds
continue
to
soar,
pushing
prices
to
record
lows.
Our
guest
expects
gold
to
find
a
bottom
around
$1,000
per
ounce.
Proviso:
if
the
Fed
holds
rates
steady,
the
bottom
may
already
be
in
place.
Peter
Schiff,
Chairman
of
SchiffGold.com
and
the
host
discuss
the
expected
Fed
rate
hikes,
scheduled
for
as
soon
as
next
month.
Our
guest
thinks
the
benchmark
rate
will
remain
set
near
zero,
providing
the
rocket
fuel
to
propel
the
precious
metals
into
orbit.
The
domestic
economic
is
in
far
worse
shape
than
indicated
by
the
official
data
so
a
rate
hike
could
crush
the
economy.
Fed
officials
will
avoid
rate
hikes
igniting
a
new
wave
of
quantitative
easing,
QE4.
Signs
of
underlying
economic
weakness
abound,
such
as
the
lowest
home
ownership
rate
in
50
years.
The
guest
/
host
concur
that
the
Monetarist
panacea
involves
holding
rates
steady
and
not
raising
them
to
ward
off
the
looming
financial
crisis.
Peter
Schiff
calms
investors
concerns
regarding
the
bear
market,
noting
that
another
20
year
downtrend
is
unlikely.
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Gary
Dorsch
Global
Money
Trends
Worked
on
the
trading
floor
of
the
Chicago
Mercantile
Exchange
for
nine
years
as
the
chief
Financial
Futures
Analyst
for
three
clearing
firms,
Oppenheimer
Rouse
Futures
Inc,
GH
Miller
and
Company,
and
a
commodity
fund
at
the
LNS
Financial
Group,
members
of
the
CME
and
CBOT.
Gathered
news
and
information
from
trading
pits
and
newswire
sources
on
the
Chicago
Mercantile
Exchange,
and
telexed
daily
and
weekly
analysis
of
foreign
exchange,
global
interest
rates,
gold
and
other
commodities
to
clients
in
Hong
Kong,
London,
the
Middle
East,
and
dozens
of
commodity
trading
advisers
across
the
United
States.
After
the
closing
bell,
Mr
Dorsch
broadcast-ed
a
half-hour
talk
show
on
the
financial
markets
to
40
customer
branch
offices
around
the
United
States
via
live
hook-up
from
the
trading
pits
of
the
Chicago
Merc.
From
1981
through
1988,
Mr
Dorsch
was
widely
quoted
in
more
than
400
newspaper
articles,
including
the
Wall
Street
Journal,
the
New
York
Times,
Investor's
Business
Daily,
the
Chicago
Tribune,
Barrons',
Newsweek,
and
the
American
Banker
magazine.
He
was
interviewed
on
dozens
of
occasions
on
the
Financial
News
Network
with
Sue
Herrera,
discussing
trends
in
foreign
currencies
and
interest
rates,
and
spoke
on
local
Chicago
radio
stations.
He
was
also
tape-interviewed
for
CNN's
MoneyLine
with
Lou
Dobbs
on
several
occasions,
discussing
foreign
currencies
and
S&P
500
stock
index
futures.
(click
on
hyper-links
to
articles,
located
below).
Worked
on
the
domestic
and
foreign
equities
trading
desk
for
Charles
Schwab
and
Company,
the
largest
discount
broker
in
the
United
States,
for
eleven
years.
Gained
extensive
knowledge
in
computerized
trading
systems,
and
serviced
a
wide
array
of
retail
and
institutional
customers
in
the
US
and
overseas.
As
a
transactional
broker
for
Charles
Schwab's
Global
Investment
Services
department,
he
handled
thousands
of
customer
trades
in
45
stock
exchanges
around
the
world,
including
Australia,
Canada,
Japan,
Hong
Kong,
the
Euro
zone,
London,
Toronto,
Mexico,
and
New
Zealand.
Wrote
a
weekly
newsletter
called,
"Foreign
Currency
Trends"
for
Charles
Schwab's
Global
Investment
department,
featuring
"Inter-market"
technical
analysis,
to
understand
the
dynamic
inter-relationships
between
the
foreign
exchange,
global
bond
and
stock
markets,
and
commodities.
Particular
attention
is
paid
to
central
bank
jawboning
and
intervention,
designed
to
influence
trader
psychology.
Mr
Dorsch
has
a
collection
of
thousands
of
charts,
displaying
the
chronological
history
and
inter-relationships
of
the
global
money
markets
from
2000
until
the
present
time.
Mr.
Dorsch
has
been
an
active
trader
in
foreign
exchange,
US
high
grade
and
corporate
junk
bonds,
financial
futures
contracts,
gold
stocks,
ADR's,
and
a
wide
range
of
US
equities
and
options
over
the
past
28
years.
He
holds
a
Bachelor
of
Science
degree
in
Finance
from
Arizona
State
University,
as
a
Sun-Devil
from
Tempe,
Arizona.
Peter
Schiff
President
&
Chief
Global
Strategist
Peter
is
one
of
the
few
investment
advisors
to
have
correctly
called
the
current
bear
market
before
it
began
and
to
have
positioned
his
clients
accordingly.
As
a
result
of
his
accurate
forecasts
of
the
mortgage
meltdown,
credit
crunch,
and
decoupling
of
commodities,
precious
metals,
and
foreign
markets
from
the
U.S.
Dollar,
he
has
become
a
sought-after
economic
commentator
on
a
range
of
investment
topics.
Peter
delivers
lectures
at
major
economic
and
investment
conferences,
and
is
quoted
often
in
the
print
media,
including
the
Wall
Street
Journal,
New
York
Times,
L.A.
Times,
Barrons,
BusinessWeek,
Time
and
Fortune.
His
broadcast
credits
include
regular
guest
appearances
on
CNBC,
Fox
Business,
CNN,
MSNBC,
and
Fox
News
Channel,
as
well
as
hosting
a
weekly
radio
show.
As
an
author,
he
has
written
four
best-selling
books,
including
his
latest:
"
Crash
Proof
2.0:
How
to
Profit
from
the
Economic
Collapse"
and
"How
an
Economy
Grows
and
Why
It
Crashes."
He
has
been
a
prominent
analyst
and
advisor
on
precious
metals
and
commodities
markets
since
the
1970s,
with
work
spanning
precious
metals,
energy
markets,
base
metals,
agricultural
markets,
and
economic
analysis
in
general.
Mr.
Christian
is
considered
one
of
the
most
knowledgeable
experts
on
precious
metals
markets,
commodities
in
general,
and
financial
engineering
using
options
for
hedging
and
investing
purposes.
He
is
the
author
of
Commodities
Rising,
2006.
He
founded
the
company
in
1986,
spinning
off
the
Commodities
Research
Group
from
Goldman,
Sachs
&
Co
and
its
commodities
trading
arm,
J.
Aron
&
Company.
He
has
advised
many
of
the
worlds
largest
corporations
and
institutional
investors
on
managing
their
commodities
price
and
market
exposures,
as
well
as
providing
advisory
services
to
the
World
Bank,
United
Nations,
International
Monetary
Fund,
and
numerous
governments.
David
Nicoski
is
Vermilion's
Chief
Technical
Strategist
and
responsible
for
driving
the
Firm's
technical
research
strategy.
Shelley
Moen
is
a
Sr.
Technical
Strategist
and
supports
Mr.
Nicoski
in
evaluating,
executing
and
monitoring
the
Firm's
technical
research
strategy
and
products.
Joseph
Jasper
is
the
president
of
Vermilion
Technical
Research
and
is
responsible
for
the
day-to-day
operational
management
of
the
company.
Mr.
Nicoski
and
Ms.
Moen
were
the
senior
analysts
and
co-directors
of
the
technical
research
department
of
a
well-known
investment
bank.
During
their
tenure
Mr.
Nicoski
and
Ms.
Moen
individually,
and
as
a
team,
received
numerous
honors
and
distinctions
for
their
technical
research
publications
and
research-based
recommendations.
Website.