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Inflation? No Worries says David Rosenberg

Summary:
David Rosenberg, Dr. Quinton Hennigh and Eric Coffin return as guests on this week’s program. While most investors believe a rising CPI in America is a serious economic threat, David thinks those worries are very much overblown. He says that what’s going on isn’t a fundamental shift, but rather a pendulum swinging back to the opposite extreme following the sudden deflationary demand shock caused by the pandemic. Rosenberg argues that the factors that contributed to this surge in prices are already starting to fade. Given that view, how then is David positioning his investments at a time when by almost any metric you name, U.S. stocks are as overvalued as at any time in history.  Eric provides his views on key metals markets, and following the May 26 report of a 123.6-meter drill intercept

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David Rosenberg, Dr. Quinton Hennigh and Eric Coffin return as guests on this week’s program.

While most investors believe a rising CPI in America is a serious economic threat, David thinks those worries are very much overblown. He says that what’s going on isn’t a fundamental shift, but rather a pendulum swinging back to the opposite extreme following the sudden deflationary demand shock caused by the pandemic. Rosenberg argues that the factors that contributed to this surge in prices are already starting to fade. Given that view, how then is David positioning his investments at a time when by almost any metric you name, U.S. stocks are as overvalued as at any time in history. 

Eric provides his views on key metals markets, and following the May 26 report of a 123.6-meter drill intercept grading 122.7 grams/tonne silver equivalent by Eloro Resources on its Iska Iska project, Quinton talks about the potential economic significance of this emerging world class discovery. 

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Inflation? No Worries says David RosenbergDavid Rosenberg is the founder and president of Rosenberg Research & Associates, an independent financial markets and economic consulting firm launched in January 2020.

For the past ten years, he was chief economist and strategist at Gluskin Sheff, a Toronto-based wealth management firm and prior to that chief N.A. economist at Bank of America-Merrill Lynch (2002 to 2009). During that time, he was consistently ranked in the Institutional Investor All-Star analyst rankings for economics. Prior to his move to NY in 2009, he was chief economist and strategist for Merrill Lynch Canada, where he led his team to number-one status for eight consecutive years in the Brendan Woods survey of portfolio managers and CIO’s.

David is also the author of Breakfast with Dave, a daily distillation of his economic and financial market insights and forecasts. That will remain the centerpiece of the suite of products he is now offering in his new venture (https://www.rosenbergresearch.com/).

Inflation? No Worries says David Rosenberg

Eric Coffin is the editor of the HRA (Hard Rock Analyst) family of publications. Responsible for the “financial analysis” side of HRA, Coffin has a degree in corporate and investment finance. He has extensive experience in merger and acquisitions and small-company financing and promotion. For many years, he tracked the financial performance and funding of all exchange-listed Canadian mining companies and has helped with the formation of several successful exploration ventures. Coffin was one of the first analysts to point out the disastrous effects of gold hedging and gold loan-capital financing in 1997. He also predicted the start of the current secular bull market in commodities based on the movement of the U.S. dollar in 2001 and the acceleration of growth in Asia and India. Coffin can be reached at [email protected] or the website www.hraadvisory.com. 

Inflation? No Worries says David RosenbergDr. Quinton Hennigh is an economic geologist with 25 years of exploration experience, mainly gold related.  Early in his career, he explored for major mining firms including Homestake Mining Company, Newcrest Mining Ltd and Newmont Mining Corporation.  Dr. Hennigh joined the junior mining sector in 2007 and has been involved with a number of Canadian listed gold companies including Gold Canyon Resources where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5 million ounce gold asset that was recently sold.  In 2010, Dr. Hennigh helped start Novo Resources and began assembling its Australian exploration portfolio. Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines.  Currently is also a Director for Cuya Silver Corp., Irving Resources, and Technical Advisor for Lion One Metals, Eskay Mining, Eloro Resources & others.

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