This week on Precious Metals Investing Ted Sudol interviews Charlie Nedoss, Senior Market Strategist at LaSalle Futures Group. Charlie's focus is on precious metals but he also has his eye on what is happening with commodities and oil.
His expertise is in technical analysis and it always amazes me the amount of insight and trading information he can get from analyzing the charts.
For the past few podcasts, we have been talking about the coming inflation and what effect it will have on precious metals.
If you have been shopping lately you know that the real inflation rate is far higher than the CP figures the government releases.
The evidence of inflation is all around us in the price of groceries at the supermarket, the cost of gasoline which in this area has gone up 75 cents since last year, and the cost of cars both new and used.
The government modified the CPI to exclude food and energy. I don't know about you but food and energy are important in my household.
With Inflation in our future, many precious metals experts were predicting the precious metals would rise. But they haven't. In fact, some of the precious metals have gone down.
When I look at the world situation, all of the stimulus that will be inflationary, and the world shortage of silver I look at the current situation as bargain time in the precious metals.
This can be an advantageous time to stock up as long as you don't overpay on premiums on physical precious metals.
I believe that physical precious metals should form the foundation of your precious metals investment. There are alternate ways to invest in Precious Metals such as those discussed in this Precious Metals Update.
Charlie Nedoss is an expert in technical analysis and can assist you.
It's important that you contact your own financial advisor before making any investments. The information on this website and that provided by our guests is for informational purposes only and should not be considered investment advice. All investments are not suitable for everyone and your financial advisor will help you decide what is the best for you.