This first GoldNomics podcast from GoldCore takes a look at the major financial market themes of 2017 and delves into the outlook in 2018.
GoldCore CEO Stephen Flood and GoldCore’s Research Director and world-renowned precious metals commentator Mark O’Byrne are interviewed by Dave Russell.
They touch on a wide range of macro-economic and geo-political developments in an attempt to assess the risks of a global financial shock in the coming year.
They also cut through the financial markets jargon and look at risks to your investment portfolio that aren’t spoken about in the mainstream media.
Listen to the full episode or skip directly to one of the following discussion points:
2:20 What had the biggest impact on financial markets in 2017
6:12 What we need to watch for in 2018
6:25 Is a sharp correction on the cards for financial markets?
6:59 “The Everything Bubble!”
8:30 The effect of zero percent interest rates
8:45 The effect of “Algos” – algorithmic trading
9:35 The markets awash with liquidity. What this means and what it’s doing to financial markets
10:40 Turning away from fundamentals – stopping the markets pricing risks
11:20 Why investors now have to second guess central bankers
12:10 The markets are running blind because of the official sector
12:19 The effect of passive trading on the market
13:30 Is gold still capable of playing the role of Canary in the coalmine. Why is it not reacting to the increases in risk?
15:00 We are no longer creating the same level of return in the form of GDP growth
15:50 What is going to be the banana skin for the bull market
16:00 The brewing trouble with Italian banks – what no one is talking about
17:40 The search for yield driving markets higher
18:00 The rise of populism – will the trend continue
19:25 The need for central banks to raise rates – running out of tools
21:10 The rise of corporatism – and the continued rise of inequality
21:30 The political manipulation of money
22:20 Central Banks reaching the end point?
23:02 Bitcoin and the impact on the monetary system
24:25 Bitcoin and the search for yield
25:15 The importance and the impact of cryptographic ledger, the technology behind Bitcoin
26:35 Are we seeing a tulip bulb style mania in Bitcoin – how high will it go, when will it crash?
29:25 Why the psychology of bubbles may suggest that this is not a bubble
30:55 Will we see an official representation of cryptographic currency
31:55 Where are precious metals going in 2018? What will break this sideways cycle?
32:40 What are the reasons to continue to hold gold in 2018
33:25 What the smart money is doing
34:40 The nature of gold as financial insurance
35:25 The impact of China on the gold price
37:45 The production costs of gold as a floor to the gold price
38:55 Why Stephen hopes the price of gold falls
40:10 Stephen, Mark and Dave’s ones to watch for 2018!