Planet Yelnick

Yves Sees Forward to Gold Road to Salvation

As panic sets in, Yves Lamoureux is preparing his next bold call.  As reported here, he called the peak in gold before other pundits saw it, and made other bold calls that have him now referred to as the new bond and equities guru. Here is a copy of his Feb 8 newsletter on point: Download Lamoureux_Finally Why Gold Will Be Rigged Higher. 

His most recent views on economic conditions are summarized in this post from several weeks ago. We now have hit the inflection point he predicted. The reversal in bond rates is truly stunning:

The next phase of global volatilty is a surge of liquidity from a final central bank effort to prevent the reversal of rates and unwinding of all their efforts since the Global Financial Crisis of 2007. Yves expects this Financial Surge will float all boats, including gold. 

The pattern he saw in gold back in 2010 is now coming to an end, although not imminently. He recommending going long on the Euro and short on gold when the consensus was short Euro long gold. He remains a Euro bull for now, and will be super bullish on gold at the right time. Watch here for his guestblog when the time is nigh.  

Sitting on an Inflation Powderkeg

Yves has an update to his recent posts:

Sitting on an Inflation Powder Keg

Voices of hyperinflation have been quieted down. We have agreed with participants on the matter but not on their timing.The economy has shown more resiliency than economists expected. We have been and remain bullish.

As fear dissipates, we are sitting on an inflation powder keg! Massive amounts of liquidity will move back to real assets in due time. It has been a slower process because there is a lot of fear out there.

We think that we are now nearing this inflection point and it is quite exciting. Our advisory services already look to score nicely for the first half as we have been mostly long stock indices only.

It has been brutal for many markets. Money managers have unwinded bets on the conviction of a slowing global economy.

We think the second half provides hope of picking up great plays to finish up the year strongly.

Already amongst the back drop of a slower macro economic picture bonds should have rallied. They have not and the drop took players by surprise.

It is further proof that we are turning the page. As our forecasts are right on, we have growing confidence in our outlook of a better coming future.

A massive liquidity wave is coming. We feel that it is going to be exciting. Participants are unprepared !

Yves Lamoureux http://lamoureuxandco.com/