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FNC’s Eric Bolling on the current trends in gold pricing based on quantitative easing taking place around the world.
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Bernanke he's printing up a -- -- last.
The Japanese doing the same printing a lot of -- -- -- same story printing up a storm it is a race to the bottom fault paper currency values so.
Why isn't gold spiked to one -- Eric -- is the co host of the five as a -- up to about trading commodities and I think he's -- and the forests why isn't gold -- -- well first let's start with what what gold is what kind trade gold is gold and all the other commodities.
There is a big pool of money that kind of chase is the hedge another from the stock market's doing very well Stuart.
People wanted to hedge if they want to say what's going on here if things turn south and they started to.
In 20072008.
Is big pool of money went for the -- the non.
Equity asset -- you -- equity assets from -- it was oil that was agricultural commodities it was real estate but that's not doing so well so.
-- vast majority of it went into gold funds and oil -- so market kind of went up.
Things start to look better -- you and I may disagree on whether the American economy's turning right I think it is you may think it's gonna take a little bit longer I think we're we've made it its big ship.
From the start to move.
So what happens is people start number one that did.
-- this page is being lifted they're taking money off the table and gold and oil and they're gonna look for another home or whether it's equities whether it's.
Real estate you'll find another home but right now it's coming off.
The chart looks bad and here's one.
When things start to look better in the US the US dollar performs very well we wanna do business in the US you go go by US dollars and do your business in the US.
Hopefully we have to have a chart of the US dollar three month chart that tracks the dollar's performance.
And in the last yeah at the end of that -- Aussie dollar -- -- all.
Look at the end of that and that last bit right there is a substantial move in the US dollar and in continues to.
-- on its upward pace when people are demanding US dollars now what happens dollar goes up.
Gold and oil prices will go down because it takes fewer and fewer those dollars are stronger.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Beyond won't let you saw a lot of how how how does Eric buying explaining it that's the only -- is the only thing I can explain is that Stewart whip inflation is a function many things ones also interest rates right now so -- if things are so bad out there.
And they are bad out -- -- -- all the European countries that are.
If things are so bad out there indicate demand more for the money there's no currency.
There was no strengthen their currencies there's no demand form there's no way to raise interest rates on a global basis are interest rates you go to the treasury that's for a two year yield he would.
Basis points if -- don't get percentage you get -- basis point they're so until that turns around.
We're not -- see any inflation is Vladimir Putin.
The at the boss of Russia is he wrong because we just -- store that he's accumulated 500 nothing to seventy tons of gold in the last ten years and he -- He is doing it because.
He eat the may be a cataclysm in the -- of the yen on the British pound of the Europe then.
I don't think he's right the dads that put on in -- news it was about six years ago -- -- point.
-- by this and don't ever sell this on ourselves points 600 dollars an -- of the was that they now -- 16100 change.
Over the last year or so it took a lot of people who building -- send out this newsletter on Goldman and some physical commodities.
But he your -- to back off don't be buying more don't sell have but don't be by more importance off -- buying and accumulating right here.
I would say look at this this money this this pool is about to move out of date -- commodity trade.
In entrance into other things I think it's gonna be equities and I'm darn sure and I bet might dollar and that my own dollars it's going to be real estate as well that is faster.
So you agree with a lot of people on this program.
Equities stocks and real estate you know.
Get it out of gold together again out of -- I wouldn't sell stuff but I -- certainly -- with new money to work there you know Eric -- you know what you talked about we project that.
Expect that through much better with against their -- de.
