Yesterday afternoon, Cory Fleck and I chatted along with Big Al Korelin himself over at the popular Korelin Economics Report and that interview is now available.
Among other things, we talked about how warmer weather in the U.S. is making the economy, perhaps, look a little better than it really is and the prospects for a really good stock market bubble developing in the months ahead.
The .mp3 file is again available here at the blog – just click on the image to the right – or you can go directly to this page over at KER.
We talked about precious metals too and, it sounded like Al was a little disappointed about the idea that gold and silver could continue to struggle in the period ahead.
Not mentioned explicitly during the discussion was the unusually strong inverse correlation between stocks and gold that, here in 2014, had been working in favor of the latter up until a few weeks ago.
Demand in Asia has picked up again now that the gold price is almost $100 an ounce lower and, as noted during our talk, that could make for some rather exciting developments later in the year as there is no ready supply of physical gold exiting Western ETFs this year as was the case last year when physical gold demand in China shattered records.
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