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October 6, 2023 | Are We Shifting to a Celebrity Based Economy?
Bob Hoye
Bob Hoye has been in investment business for some 50 years, making him one of the more experienced researchers. His historical work has been thorough providing the first recognition of the fascinating transition from speculation in commodities to speculation in financial assets. It was controversial when Bob observed that “No matter how much the Fed prints, stocks will outperform commodities”. In January 2000, the research team concluded that the Dot-Com Bubble would peak in March 2000. In early 2007, the team outlined that the credit markets would reverse in May-June 2007. They did and the stock market followed. The latest was the call in early October for the Bitcoin Bubble to complete in December. Bob’s essays and speeches on political change and on actual climate change have been widely circulated.
The outlook for Gold this month
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Bob Hoye Archives October 6th, 2023
Posted In: HoweStreet.com Radio
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Hi Jim and Bob. CTV News reports: “Taylor Swift’s Canadian fans were left heartbroken and confused this week as they tried to understand why the pop superstar seems prepared to skip their country on her Eras Tour”. Prime Minister Trudeau, in reaction to the distress of Canadian Swifties as well as the loss of hundreds of millions in city tour related revenues, tweeted Swift referencing her “Cruel Summer” hit song: “It’s me, hi. I know places in Canada would love to have you. So, don’t make it another cruel summer. We hope to see you soon.” Bob, I’m confused. Why would Trudeau, a power player in the “political class”, pander to a member of the “celebrity class”? Why didn’t Trudeau just confiscate Swift’s Canadian assets and freeze the bank accounts of all members of the Canadian Taylor Swift Fan Club? My second question for Bob. Is high inflation and geopolitical instability good for gold but bad for gold miners?