GoldSeek Radio - Feb 2, 2018 [JOHN SCURCI & CHARLES NENNER] weekly

Show Highlights

1st up:

John Scurci, head of Corona Associates Capital Management, outlines his view on the financial markets in 2018.
The US Greenback struggled throughout 2017; investors should expect the theme to persist in the new year with profound implications for investors.
US equities are priced for a perfect world scenario, which may lead to considerable disappointment in 2018, as shares follow the inevitable pull of gravity, returning to the mean as inflation returns as a key financial narrative.
While strong economic output tends to propel share prices higher, the inordinately high debt accumulated over the past decade threatens to send general prices sky high.
Debt based economies ultimately benefit those at the top, while the remaining 99% succumb to the ravages of unrelenting price inflation, in the general cost of living.
Inflation is anathema to equities markets. The new Fed chief has hinted at a more dovish stance, which suggests further dollar weakness, which could boost US product sales.
The guest anticipates a renaissance in manufacturing, which revitalizes the much maligned US industrial base, as domestic firms regain their global competitive edge.
John Scurci notes the 1981-2016 era of disinflation is giving way to one of inflation, lost purchasing power amid permanently low rates / elevated debt levels.
Consequently, the guest / host concur that physical bullion and black gold represent the ideal "new home" for trillions of dollars / yen / yuan / euros.
As the US dollar wane gains momentum, additional beneficiaries could include emerging market equities and agriculture.

2nd up:

Former Goldman Sachs, senior technical analyst, Charles Nenner of Charles Nenner Research Center, rejoins the show.
As long as the Dow Jones Industrials Average maintains support above 23,000, the remarkable multi year share rally should continue.
Their proprietary software yields precise price entries / exits for gold.
2018 could be a spectacular year for the PMs sector - their models suggest a gold price of $2,500, nearly twice the current price.
Adding support for the PMs / commodities, the Euro could remain strong relative to the Greenback.

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