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Tom welcomes a new guest to the show, Lance Lewis. Lance is the President of Lewis Capital and Publisher of the Daily Market Summary.
Lance outlines his early career as a technology analyst and how it taught him the business cycle. It was much easier back then to make money on the short side of the market, but that always came with risk.
He explains his computer model’s technicals, its weightings, and why gold for him is just another thing to trade. This model provides him with a series of buy or sell signals to predict future market direction. This method reduces the emotion in trades.
He suspects it will take another panic dip to trigger further stimulus and the next move higher for gold. Right now, something is not right about how gold is trading.
Lance expresses concerns about the consequences of a dollar rally when most investors are short the dollar. He says, “At some points rates will start to move up the dollar will rally, and markets will start to tumble, and then the Fed will come running.”
The fact that commodities, in general, have broken out is an indication of looming inflation. Lance questions if the Fed will be able to create and maintain gradual inflation.
Lastly, he explains how investing in mining ETF’s can reduce your downside risk compared to picking individual companies.
Time Stamp References:
0:00 – Intro
0:36 – His Background
3:42 – Gold Timing Model
6:32 – Technicals & Noise
8:03 – Catalyst for Gold
9:36 – Possible Retest
14:24 – Bitcoin & Liquidity
15:42 – Stock Unwind?
17:53 – Dollar Outlook
18:51 – Fed, Yields & Stimulus
20:53 – Inflation & Money Velocity
22:56 – Equities & Unrest
23:57 – Commodities & Inflation
24:52 – Miners Vs. Indexes
27:00 – Short Term Predictions
29:34 – Wrap Up
Talking Points From This Episode
– Catalysts for golds next move higher.
– Consequences of a short-term dollar rally.
– Fed policy, inflation, and commodities.
Guest Links:
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Lance J. Lewis is the President and Founder of Lewis Capital since it started in 2002. They provide investment services to individuals, trusts, estates, pension, and profit-sharing plans, corporations, and other business entities.
Mr. Lewis was the chief strategist at East Shore Partners, Inc. from March 2002 to June 2007 and was a junior partner in the Veneroso Gold Fund from 2004 to 2007. Before founding Lewis Capital in March of 2002, Mr. Lewis was a trader and a gold mining and technology analyst for David Tice & Associates, which managed the Prudent Bear and Safe Harbor mutual funds, from May 2000 to February 2002.
He received a Bachelor of Arts from Baylor University in 1995 as a “University Scholar” with a focus on Accounting, Finance, and English, and a JD from the University of Texas School Of Law in 1999.
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