This is the complete show from 1/26/2011. Bob Chapman was generous enough to let the show run 12 mintues over the hour. Bob Answers questions from our listeners.
Monday, January 31, 2011
Robert Prechter on Goldseek Radio Jan. 28, 2011
Robert Prechter of Elliott Wave International
Elliott Wave International
Robert Prechter is founder and president of Elliott Wave International, the world’s largest independent financial forecasting firm. He has been writing market commentary since 1976. In 1984, Bob set a record in the options division of the U.S. Trading Championship with a real-money trading account. In December 1989, Financial News Network (now CNBC) named him "Guru of the Decade." Bob served for nine years on the national Board of the Market Technicians Association and in 1990-1991 served as its president. During the 1990s, he expanded his firm to provide round-the-clock analysis on global financial markets. Bob has written 13 books on finance, beginning with Elliott Wave Principle in 1978, which predicted a 1920s-style stock market boom. His 2002 title, Conquer the Crash - You Can Survive and Prosper in a Deflationary Crash and Depression, was a New York Times best-seller. In 1999, Bob received the CSTA’s first annual A.J. Frost Memorial Award for Outstanding Contribution to the Development of Technical Analysis. In 2003, Traders Library granted him its Hall of Fame award.
more at http://radio.goldseek.com >>>
Elliott Wave International
Robert Prechter is founder and president of Elliott Wave International, the world’s largest independent financial forecasting firm. He has been writing market commentary since 1976. In 1984, Bob set a record in the options division of the U.S. Trading Championship with a real-money trading account. In December 1989, Financial News Network (now CNBC) named him "Guru of the Decade." Bob served for nine years on the national Board of the Market Technicians Association and in 1990-1991 served as its president. During the 1990s, he expanded his firm to provide round-the-clock analysis on global financial markets. Bob has written 13 books on finance, beginning with Elliott Wave Principle in 1978, which predicted a 1920s-style stock market boom. His 2002 title, Conquer the Crash - You Can Survive and Prosper in a Deflationary Crash and Depression, was a New York Times best-seller. In 1999, Bob received the CSTA’s first annual A.J. Frost Memorial Award for Outstanding Contribution to the Development of Technical Analysis. In 2003, Traders Library granted him its Hall of Fame award.
more at http://radio.goldseek.com >>>
Bob Chapman The cost of carrying this debt becomes more unpayable and onerous
Bob Chapman on Discount Gold and Silver Trading Jan 28 2011
Bob Chapman : ....the state of anarchy in Egypt could go on for a while , if the circulation is disrupted in the Suez Canal the prices of oil and other commodities will shoot to the roof ....Jordan Yemen and even Saudi Arabia could be next in rioting against their respective dictators.....we could be looking at a $100 oil may be even $150....
Bob Chapman wrote in the International Forecaster of the January 29th, 2011 :"...The cost of carrying this debt becomes more unpayable and onerous daily and there is little attempt to stop it. The Fed may control the short end of the Treasury bond market, but it has minor influence on the 10-year notes and 30-year bonds. As a result yields have risen and the spread in yields between short and long-term paper has grown to 32-year highs. Needless to say, holders of long-term notes and bonds want to be better compensated because they see more risk, as US debt grows uncontrollably higher. Short-term yields have stayed about the same because the Fed controls them. The demand for capital in small and medium companies has been muted by lenders reluctance to lend for the past two years. Zero interest rates have not helped these potential borrowers that create 70% of the jobs. Funds though are readily available to the major transnational conglomerates. Government and the Fed won’t talk about it, but they are manipulating all markets, and that is a long-term negative factor because everything they do is for their own benefit – not for the people. The state of political affairs could be worse but they certainly are not good. We liken the US economy to a rudderless ship being pulled and jerked by one special interest group or another from side to side never gaining equilibrium. As long as this situation persists no headway will be made in solving budget deficits, nor in neutralizing the welfare state...."
Will Gold Regain Its Glory?
Jan. 31 2011 | It's a volatile morning for oil, with Michael Dudas, Jefferies, and CNBC's Sharon Epperson.
Dollar Collapse & Silver Market Manipulation Update: Max Keiser 29 January 2011
The Truth About Markets, Max Keiser & Stacy Herbert , Max is right, the paper and physical market for silver are about $10 per ounce apart the margin rises max talks about are done by......? the controllers who are also the manipulators which are also the ELITE The true basis of exchange in today's world economy is energy in the form of fuel. The thing that may menace the dollar is the fact that some countries are talking about trading oil in their own currency.So long as the dollar is the world reserve currency and is used to trade oil none of this will happen
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