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Shellady: Put Your Money in Silver, Gold

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  • Description

    Trean Group’s Scott Shellady on the market moves in the aftermath of the election.

  • Duration 3:00
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Now let's bring in Scott shot a day from the CME it out there in Chicago right Scott.

Everybody's asking me they know on the involved in financial news they're asking me look what am -- gonna pull my money.

We've got a -- -- in the last two days to -- the second Obama term.

Whether what pull my money you want to tell us.

All right now you'd have to put in the physicals and that's going to be silver and gold.

I like the idea of the mattress but that's not -- tradable right now.

But ultimately we're gonna -- put it on those things like I said that hurt when you drive a minor foot now.

I would save -- commodities might be a -- but we've got such elevated prices.

In the commodities sector already because they're dollar denominated in the Fed's been flooding -- -- dollars so we've had an already inflation trade move over there as well so I wouldn't really piling up commodities at this moment -- -- That's right now you're gonna have to -- That did not I'm I'm just interested because -- you so right commodities have already had a run off.

And stocks are now are run down.

So when do you put your money did you want to buy commodities have already high prices and you wanna go into stocks which are falling.

Come on -- I need to Soledad -- this off.

Well I'm a -- goal and so -- and stick with that and maybe if you wanna go crazy -- with the Vicks index because take a look at some charts we're tracking 1987.

In the equity market almost tick for -- and this latest break is right on track.

Blown up -- you've got everybody's attention.

-- another obvious covering it back in 1987.

A very sudden shock nasty they called it a market break they wanna say it was crash to go to the market -- -- union suggesting we're in for that again.

-- I'm suggesting right now but he you can go to the ISM numbers are some fed manufacturing numbers and I can argue right now to anybody's face -- we are already.

In the midst of recession media not a textbook recession but those ISM and bad numbers are telling me that were already in in recession so why would you have a start -- break if that's the case.

Our market is still very fragile like 600 to -- -- then you throw in Europe and on the -- and boy oh boy -- -- the good note.

If you figure come on ask him that I wanna go completely outside of the box for a second not a tradable commodities soft coral bond.

Real estate.

-- -- will you please express an opinion on a single family home in a good neighborhood in United States I say that is a terrific investment.

If you go to got the staying power because you've got a low mortgage rates and -- -- low price what are you -- Absolutely right number one are gonna have to get over the her -- -- getting a mortgage but once that's been done and that's taken a lot of time now but once that's been done.

The government and this is the one thing you really have to listen to the government on.

It's telling you to go along because of the money and QE3 the forty billion -- the Singapore of the -- mortgage -- so.

They're telling you to go long you could see a little bit of a -- but we've come off so hard for so long now I think that right now -- towards the bottom of that and it will be a good investment over the next five to ten.

Years I wanted to end this on a positive note and you always do -- -- Scottish -- what do welcomed our.

Right to -- thanks Scott we'll see you again soon thank you.

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