SBTV had a fascinating chat with Dave Kranzler, fund manager and publisher of Investment Research Dynamics, about gold's new bull market run. Dave also posited that the movement of the gold price in 2019 suggested that smart money in the gold market anticipated the problems in the repo market and bought gold, driving prices above multi-year resistances.
Discussed in this interview:03:43 Why banks are not lending out excess reserves?06:45 Federal Reserve walking razor's edge in managing interest rates10:16 Was the 2019 repo market crisis a 'Lehman moment'?13:33 Fed desperate to prevent the economy from collapsing15:03 Situation with student loan debt and auto loan debt17:18 Gold in 202023:17 Deciding between gold bullion and gold stocks25:59 How gold stocks are affect when the Everything Bubble bursts
Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin College with majors in Economics and English and he also has an MBA from the University of Chicago, with a concentration in accounting and finance. Currently, he co-manages a precious metals and mining stock investment fund in Denver. He has nearly thirty years of experience in studying, researching, analyzing and investing in the financial markets. His daily articles can be found at his site, Investment Research Dynamics.