Bob Moriarty: We’ve Seen The Bottom For Gold And Silver, Junior Miners Will Be Up Substantially A Month Or Two From Now
My conversations with 321gold founder Bob Moriarty never follow a script. In fact, they are completely unscripted and oftentimes take completely unexpected turns. The final conversation of 2020 was no different. We began discussing Bob’s assertion that Trump actually won the election, and then veered off onto the all-time highs we are seeing virtually every day in bitcoin and the US stock market.
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Goldfinger: Let’s turn to the junior mining sector. We’ve had tax-loss silly season for the last few weeks. We’ve seen a lot of different companies, their shares tumble. I can say that I have used these last couple weeks to accumulate some of my favorite names. What have you been buying and what would you be buying here today in the junior mining sector?
Bob Moriarty: I have been buying for the last month, and they’re stocks that I’ve talked about for months. I’m going to give you a perfect example. NuLegacy (TSX-V:NUG) just came out with so-so results yesterday and the stock went down to $.11. It was down more than 30%. Today it opened and went up to $.155, $.14 now. There are a lot of bargains now. When the Federal Reserve comes out and says we want inflation, when a new President comes in who says he’s going to be accommodating, we’re going to light a bonfire under gold, and silver, and platinum, and the junior markets. Tax-loss silly season is ending right now, and I expect almost all of juniors to be up substantially in the next month or two. I think we’ve seen the bottom for gold and silver.
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One more topic to broach. At the end of every year it’s a custom to make a prediction for something fairly unexpected that you think could happen in the following year. I want you to go first. What do you think of an unexpected event that could affect financial markets that nobody’s really thinking about right now that could occur in your estimation in 2021?
Bob Moriarty: The public and the world is going to wake up to the fact that everything they’ve been told about COVID is an absolute lie, and the vaccines are the most dangerous medicines ever invented.
Goldfinger: What do you think the financial market outcome of that might be?
Bob Moriarty: Actually there won’t be any connection. The financial markets are going to crash. They’re going to pay for their sins over the last 40 years, and very soon we’re going to recognize that you can’t spend your way to prosperity.
Goldfinger: I’m going to take my shot at it. Consensus right now is that inflation is going to go up a lot in 2021. In fact, we’ll probably see core inflation stabilize above 3% by the end of 2021. I just read a research note from a firm this morning that said as much. My surprise for 2021 is that inflation will not reach even 2% in 2021. That will probably cause the Fed to continue going into overdrive and create even more asset bubbles than exist today.
Bob Moriarty: There’s a flaw in that.
Goldfinger: What’s the flaw?
Bob Moriarty: You could be correct, but there’s a fundamental flaw to it. The measures that they’re using to measure inflation are not accurate. The Fed have said they want inflation, which is certainly a dangerous thing to say. In fact, the whole COVID thing gave the government the opportunity to blow up the economy and the world, and people are getting further, and further, and further behind. I just pulled up Yahoo finance and it said 885,000 Americans filed unemployment claims last week. I think the number of restaurants that can not pay their December rent, I think it was about 60%. We have killed the airline industry, we’ve killed the travel industry, we’ve killed restaurants, we’ve killed small businesses, and the government is going to pour money into it. When I said that we are at the same place that Paris was in 1789, and St. Petersburg was in 1917, the government had destroyed the currency, people couldn’t afford to eat, and they were rioting. We’re absolutely seeing that now, and I guarantee it will get worse.
http://energyandgold.com/2020/…-a-month-or-two-from-now/
bg bh
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nur nach wie vor ans herz legen, immer wieder darüber nachzudenken...