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Let's bring in Jeff Connor he -- the comic -- -- I you know Jeff all of our view is keep on me about gold bust what they want to hear about they think America's debt problem is gonna push gold -- 16100.
Maybe 17100 real soon -- -- things going that -- I think gold could go up but I don't think it's gonna be America's debt problem that drives it that way I think it's really going to be a combination of supply and demand factors.
Any underlying market.
To do it and if you look at the inflation adjusted price for gold.
Based on its high back in the late seventies -- -- go to 2300 they have an equivalent price you know I've not seen anything that really affects -- gets from this debt crisis in fact.
Seems like it's going the other way.
I've got the yield on the ten year treasury almost that historic lows.
Three point 09% to run exposed to be in a debt crisis you -- of the -- moment we.
Well we are the debt crisis Stewart -- our debt crisis is the -- so the mathematics in the net present value tables aren't gonna lie we know.
What's coming and I think our Ryan obliterated that earlier this week.
But that's got the core the market is focused on Greece right now because they have immediate problems.
And he also has supply disruptions with the Japanese earthquake you've got the Middle East situation so there's more immediate problems that are driving cash in the US.
Treasuries because they're safe.
-- long term course we're gonna have a debt crisis but in the short term.
Our treasuries get a little bump and our dollar gets a little stronger because of over elements in the world tell us what's happening right now so getting a treasury -- 309 and ten -- that's load.
A lot -- Jeff thanks very much indeed have a good weekend again.
-- have a great Memorial Day I certainly will.
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