All-Stars #29 Brent Johnson: Still not chasing Gold at these levels

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 9 July 2019

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

All-Star Brent Johnson tells Erik Townsend he's not chasing gold at these prices, and his conviction that the USD is headed much higher has never been stronger. Brent also thinks SPX 4000 is possible in the next 2-3 years. Link: http://bit.ly/2LdZvlR

Transcript

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0:00.0	This is a special edition of Macrovoises with hedge fund manager Eric Townsend.
0:14.2	The premier financial podcast targeting professional finance, high net worth individuals, family
0:19.8	offices, and other sophisticated investors.
0:23.0	Now for this special edition of Macrovoises, here's hedge fund manager Eric Townsend.
0:30.2	Macrovoises All Stars episode 29 was recorded on July 8, 2019.
0:36.3	I'm Eric Townsend. All star Brent Johnson is back with us today.
0:40.6	Brent, you knew this was coming. Gold.
0:44.0	You and I have been in the eyes of many, many people proven completely wrong.
0:49.9	We thought that probably that very strong resistance that existed around
0:54.5	somewhere between 1350 and 1377 would probably hold.
0:59.2	We thought that if anything gold testing that level might have even been
1:03.7	for the daring a short sale opportunity, didn't go that way.
1:08.2	What's happened here and is this reason to really take pause and question your
1:13.4	overall theory about the dollar and gold?
1:16.4	Well, you know, it's a very deserved question, Eric, and I've received a number
1:20.6	of emails and direct messages and Twitter posts, you know, saying pointing out
1:26.0	how wrong I was, et cetera, et cetera.
1:27.6	And listen, you know what, I may be proven wrong.
1:30.0	This has been a hell of a move in gold.
1:31.9	I mean, there's no other way to really look at it.
1:34.5	It did break through that very significant resistance.
1:37.8	When we spoke last month, you asked me, what would I do if gold broke out
	...

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