SBTV spoke with Steve St Angelo, editor of the SRSRocco Report, who warned that interest rates in the US will eventually go deep into negative territory. Steve believes the root of the problem is the fall in the energy return of investment(EROI) in the US causing an serviceable debt that requires negative rates.
Discussed in this interview:01:35 Correlation between oil and gold prices.05:43 Technical analysis contains clues of where prices will go07:57 Gold and silver prices: Going higher in the long term but now overbought09:50 Silver outperforming gold13:39 Expect healthy correction ahead in this bullish trend16:00 Gold silver ratio heading down22:34 Trouble coming for energy I.O.Us(stocks, bonds, real estate)25:23 Negative interest rates coming to the US
Independent researcher Steve St. Angelo (SRSrocco.com) started to invest in precious metals in 2002. Later on in 2008, he began researching areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI - Energy Returned On Invested - stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles in some of the top precious metals and financial websites.