Jim welcomes back Louise Yamada CMT, Managing Director of Louise Yamada Technical Research Advisors. Louise sees the current uptrend in the market as a bear market rally and notes that the major indexes are stalling at the declining 200-day moving average. She believes we need to make new highs to see an end to the bear market. Louise also points out that there are few places to hide around the globe, and she sees similar technical patterns in most markets. As to gold, Louise believes it is being propelled primarily by the fear of global negative interest rates. She also thought the move through $1200 was a break-out, and we could see a rally to $1400 over time. They also discussed interest rates and the dollar as well. Also, Ryan Puplava has this week’s Market Wrap-up, and David Morgan of The Morgan Report discusses the precious metals markets with Jim.
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