Must See Video: Neil Cavuto and Terry Duffy Discuss the Gold Market - Craig Hemke

IMG Auteur
 
 
Published : July 14th, 2017
412 words - Reading time : 1 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
[titre article pour referencement]
0
Send
0
comment
Our Newsletter...
Category : Market Analysis

A few moments ago on Fox Business Channel we heard someone proclaim that "given all that's going on the world, gold should probably be $5,000 to $6,000 per ounce". Who actually had the gall to say this on live television? You won't believe it unless you see it for yourself.

So, here you go. This is Neil Cavuto discussing the "markets" with Terry Duffy, the one and only CEO of the CME Group. The first five minutes are the standard boilerplate of Fed policy, etc and blahblahblah. However, at the 4:55 mark, Cavuto asks:

  • "But we haven't seen money move into the metals....what is going on there?"

To which Duffy answers:.......

Well, you're going to have to hear it for yourself to believe it. Again, fast forward to the 4:55 mark and have a listen.

And so we have a fun discussion point for this thread. Namely, WHY would the CEO of the CME state this on live TV?? Is it because he now expects much higher metals prices in the months ahead and he wants to front-run them with his "analysis"? Is he tipping off The Banks that their games are almost over? Does he know about the "reset" that Andrew Maguire has been referencing? Is he just simply clueless as to WHY price is only $1220? ( This I highly doubt.)

So, again, what explains this sudden bit of candor from the CME? If anything, you might want to bookmark this thread for future reference. If indeed the physical market is soon to take over as Andrew Maguire suggests and if indeed price is about to reset multiples higher, it might be fun to refer back to this day when the CEO of the CME openly suggested that "with all that's going on in the world, it (gold) should probably be at $5,000 to $6,000 per ounce."



Our Ask The Expert interviewer Craig Hemke began his career in financial services in 1990 but retired in 2008 to focus on family and entrepreneurial opportunities. Since 2010, he has been the editor and publisher of the TF Metals Report found at TFMetalsReport.com, an online community for precious metal investors.


The views and opinions expressed in this material are those of the author as of the publication date, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.

Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Pushback
18 Sepdennyc1
If a university professor has been on the job for more than five years without venturing out into the world there's usually nothing to learn here. ...
Rude Awakening for the US in January? No, Just More Alarmist BS Fro...
18 SepDRGEORGE
The world & the US $ have been on the brink for 10 years (or more). In 2008 it nearly happened but giving the 1% a stack of money saved the day. It...
'No evidence' of gold market manipulation, CPM Group's Christian in...
15 Sepneville
Despite being a so-called GOLD website ,I have read more anti GOLD articles on kitco than on any other site. Yes chris you are absolutely corre...
Rude Awakening for the US in January? No, Just More Alarmist BS Fro...
13 Sepgoldsacs1
USA born out of genocide, built by slavery, mantained by continuos wars, profited on fake money, which ultimately will be the cause of its demise. ...
Rude Awakening for the US in January? No, Just More Alarmist BS Fro...
15 SepSilverthumb2
I used to enjoy listening to Rickards. He sold out when he signed on with Agora Financial. Now he's just another ranting alarmist trying to get ri...
What's Killing the Jobs Market?
13 SepJ.0
It is hard to know where to begin to respond to your comment Recusant. You do not seem to understand how markets work. So, I'll throw out some po...
Rude Awakening for the US in January? No, Just More Alarmist BS Fro...
12 SepThe Recusant3
Oh, pish, Mish! Rickards has been spouting alarms for years. It's China and Russia that we must worry about sinking the dollar as the international...
What's Killing the Jobs Market?
09 SepThe Recusant-1
"Businesses thrive in an environment of freedom." Yes, to a certain extent. But when left to their own devices without any regulatory limits we ge...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS