Latest / Financial Survival Network / Fed Delays, Oil Surges, Metals React - Patrick Mueller #6380

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Fed Delays, Oil Surges, Metals React - Patrick Mueller #6380 · Financial Survival Network

• 0:00
  Speaker 1: The feder has really been slow rolling rates for a
• 0:02
  Speaker 1: very long period of time and kind of pushing things
• 0:05
  Speaker 1: off as long as they possibly can. So I expected
• 0:08
  Speaker 1: Powell it said late last year that he didn't think
• 0:11
  Speaker 1: that he were cut rates but one more time this
• 0:14
  Speaker 1: year and at the earliest I thought it would probably happen.
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  Speaker 1: It would get pushed into the fall time. So that's
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  Speaker 1: looked like where that's heading and what this recent oil
• 0:24
  Speaker 1: price is going up. I mean, they might not do
• 0:26
  Speaker 1: anything at all.
• 0:27
  Speaker 2: You were listening to Carrie Let's's Financial Survival Network, where
• 0:31
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• 0:35
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• 0:54
  Speaker 3: Welcome you are listening to and watching the Financial Survival Network.
• 0:59
  Speaker 3: I'm your ghost Carrie Let's with us today. Financial expert
• 1:03
  Speaker 3: Patrick Mueller been on the show before. Very insightful guest
• 1:09
  Speaker 3: who definitely gets it. Patrick, no go on the FED cut.
• 1:14
  Speaker 3: The markets are not appreciating this, are they.
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  Speaker 1: Not at all? And it's not I mean to me,
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  Speaker 1: it was to be expected because the FED has really
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  Speaker 1: been slow rolling rates for a very long period of
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  Speaker 1: time and kind of pushing things off as long as
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  Speaker 1: they possibly can. So I expected Powell, it said late
• 1:32
  Speaker 1: last year that he didn't think that he would cut
• 1:34
  Speaker 1: rates but one more time this year, and at the
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  Speaker 1: earliest I thought it would probably happen. It would get
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  Speaker 1: pushed into the fall time, and so that's looked like
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  Speaker 1: where that's heading and what this recent oil price is
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  Speaker 1: going up. I mean, they might not do anything at all.
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  Speaker 1: I mean it could end up being the opposite, depending
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  Speaker 1: on how long this escalation happens in Iran.
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  Speaker 3: So let's talk about that. Because the market hasn't gone
• 1:59
  Speaker 3: crazy over it. We've actually seen gold and silver decline.
• 2:03
  Speaker 3: The safe havens, traditional safe havens appear to be behaving counterintuitively.
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  Speaker 3: What's your take on that. Why is that happening?
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  Speaker 1: I think it was just time for gold and silver.
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  Speaker 1: I mean, it's been on such a run up here
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  Speaker 1: for such a long period of time now, and I
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  Speaker 1: think we're just seeing just a normal pullback. I think
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  Speaker 1: you're going to start seeing it the price to start
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  Speaker 1: moving back up here with all the uncertainty that's happening
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  Speaker 1: right now in the markets, what's happening around the world
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  Speaker 1: with Iran and Venezuela and China and Russia. And as
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  Speaker 1: we start seeing more of this uncertainty and AND's some clarity,
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  Speaker 1: I don't see it. I don't see that trajectory changing.
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  Speaker 1: I think it's going to continue to be that safe.
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  Speaker 1: And especially silver. There's so much of a demand for silver,
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  Speaker 1: especially more so than gold longer term with all of
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  Speaker 1: the electronic vehicles and solar and all that. There's just
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  Speaker 1: such a huge demand for that right now.
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  Speaker 3: Yeah, for sure. And it's the industrial demand for silver
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  Speaker 3: really has been increasing for at least past fifty sixty years,
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  Speaker 3: but nobody knew it because there was enough reserves for
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  Speaker 3: a while, there was scrap from photography and all those things.
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  Speaker 3: But you know, back in nineteen sixty, silver is sold
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  Speaker 3: for eighty ninety dollars an ounce, and now even with
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  Speaker 3: the hit that it's taken, it's as seventy something. So
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  Speaker 3: it's far exceeded even the most pessimistic estimates of inflation
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  Speaker 3: during that period, hasn't it.
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  Speaker 1: Absolutely? And I don't think it's going to show any
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  Speaker 1: signs of slowing down here in the future, especially as
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  Speaker 1: we're going to see more rise and costs from the
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  Speaker 1: price of oil basically doubling right over the last month.
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  Speaker 1: We're going to start seeing that bleeding into everything else
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  Speaker 1: that we buy. And it's going to take a little
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  Speaker 1: while before it starts hitting the more so at the
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  Speaker 1: gas bumps, and and you know, as that starts happening,
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  Speaker 1: I think we're going to start seeing more and more money,
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  Speaker 1: you know, flying into those those safe havens as our
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  Speaker 1: dollars been weakening and and as things keep escalating.
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  Speaker 3: Well, I know I really shouldn't ask you this question,
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  Speaker 3: but I'm going to ask it anyway.
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  Speaker 1: Do it.
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  Speaker 3: Just buckle your seat belt. The war, okay, I don't
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  Speaker 3: want to talk about who's winning or losing. I mean,
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  Speaker 3: in absolute terms, the US is winning. But every time
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  Speaker 3: the theocracy, every day they hold on for another day,
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  Speaker 3: that's a victory for them. How much longer they could
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  Speaker 3: do it? None of us are really in a position
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  Speaker 3: to say. But what we can judge is its impact
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  Speaker 3: upon the markets, how that's affecting the stock market, how
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  Speaker 3: it's affecting inflation in the United States. That we can
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  Speaker 3: talk about, can't we absolutely?
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  Speaker 1: And what with what's happening in Iran, and you know,
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  Speaker 1: really you know started and you have these strategic moves
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  Speaker 1: that have been happening with Venezuela and you know, cutting
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  Speaker 1: off China and Russia from these different sources in Cuba,
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  Speaker 1: and then now it's Iran, and so it's really more
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  Speaker 1: of a play. Not not necessarily that things Didney display
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  Speaker 1: for nuclear reasons with Iran, but it was more of
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  Speaker 1: a long term play I think with those countries than anything. So, uh,
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  Speaker 1: you know how long this is going to continue. I mean,
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  Speaker 1: it's definitely work. Definitely, with the price of oil doubling
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  Speaker 1: over the last month, we're going to start seeing that, uh,
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  Speaker 1: with everything moving forward with with with inflation. But who
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  Speaker 1: knows how long it's going to take for that to
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  Speaker 1: cool down and for the waterways to completely open up there,
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  Speaker 1: for for that to escalate. I mean it's like, uh there,
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  Speaker 1: you know, they'd be getting, you know, really beat up
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  Speaker 1: right now and just not wanting to surrender and who
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  Speaker 1: and who now, who knows how long that's gonna keep on.
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  Speaker 3: Well, I don't think it could keep on indefinitely because
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  Speaker 3: I think at some point the proxies smell blood and
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  Speaker 3: they go in, whether it's the Kurds, the Azerbaijani's or
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  Speaker 3: Azari's as I just found out they're called recently, always
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  Speaker 3: called them Azerbaijanis. But you know, at some point it's
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  Speaker 3: going to end, but it could go on longer than
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  Speaker 3: anybody is anticipating. You know, it's amazing what has happened
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  Speaker 3: in Trump's second term. The first thing he did was
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  Speaker 3: take back the Panama Canal, and he did it. He
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  Speaker 3: said he was going to do it, sent Marco Rubio there.
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  Speaker 3: Luckily Marco still remembers his Spanish. Within a day or two,
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  Speaker 3: Panama said they were taking back the canal. On February
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  Speaker 3: twenty third, they ejected the Chinese company C. K. Hutchinson
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  Speaker 3: used to be called Hutchinson Wampoo, which I thought was
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  Speaker 3: a better name. And then shortly thereafter it shortly before Maduro,
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  Speaker 3: He's gone, you know, at yos Amigo, and all of
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  Speaker 3: a sudden, Venezuela is like marching to the beat of
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  Speaker 3: a different drum, mainly Trump's drum. And you know, I
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  Speaker 3: knew the moment that he said he's taken back the
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  Speaker 3: Panama Canal, that Venezuela was on the list, and that
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  Speaker 3: Cuba was the ultimate goal, because look fifty nine, so
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  Speaker 3: we're looking at nearly seventy years, sixty seven years communists
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  Speaker 3: have been in charge of Cuba. Any president that changes
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  Speaker 3: that course of history goes down in history. I did
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  Speaker 3: have a reason I was going to ask this question,
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  Speaker 3: but you know, lessons of the past. One of the
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  Speaker 3: main reasons Japan attacked the United States in World War
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  Speaker 3: Two was because we embargoed everything, especially oil, so they
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  Speaker 3: had no access to energy. Are we doing the same
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  Speaker 3: mistake with China? Yeah, they can still get oil. They
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  Speaker 3: still produce a little, there's some nearby producers, but a
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  Speaker 3: large chunk of their oil comes from Russia and from Iran.
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  Speaker 3: So what are your thoughts there.
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  Speaker 1: I think he's definitely pushing the boundaries on that one.
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  Speaker 1: I mean, obviously it's got to be you know, hurting China.
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  Speaker 1: You know they had were shutting down or you're backing
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  Speaker 1: off of a lot of their refineries and China, and
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  Speaker 1: you know, it's it's a different day in time, you
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  Speaker 1: know that than it was back then. I mean, there's
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  Speaker 1: a lot that that's changed, but there's a lot that's
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  Speaker 1: that's really the same. At this point, it's like, how
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  Speaker 1: much are they You know, Trump's really good at playing
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  Speaker 1: the card of how big we are and how much
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  Speaker 1: power we really have around the world and just how
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  Speaker 1: dominant that is. And I think that's exactly what he's
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  Speaker 1: showing right now. He's like, oh, yeah, well we're going
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  Speaker 1: to start, you know, moving into Venezuela, right, took out
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  Speaker 1: Maduro Cuba. I mean, he's really hitting on a lot
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  Speaker 1: of these things that no administration has done. Everybody's wanted
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  Speaker 1: to stay away from, probably because they were profiting from
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  Speaker 1: a lot of the stuff that's been happening, as most
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  Speaker 1: politicians typically do. So I think a lot of these
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  Speaker 1: these huge countries are taking a big hit. It's just
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  Speaker 1: a matter of how far he can he can push
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  Speaker 1: these countries before they really start pushing back.
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  Speaker 3: Yeah. You know, I was never one to believe that
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  Speaker 3: he was a dictator, fascist or whatever, but he surely
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  Speaker 3: seems to be an imperialist.
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  Speaker 1: Yeah. And most of the things that have happened, whether
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  Speaker 1: it was you know, going in and you know, to
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  Speaker 1: the cartels in Mexico, whether it was the Panama Canal, Venezuela,
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  Speaker 1: I mean, a lot of these moves have been very surgical,
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  Speaker 1: not wanting things to be long and drawn out, and
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  Speaker 1: so hopefully that's the same thing happening with Iran. Now
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  Speaker 1: hopefully it's not going to be long and drawn out.
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  Speaker 1: It's just a matter of how how long is that
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  Speaker 1: going to take? But I wouldn't think that it would
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  Speaker 1: take too long for about to kind of turn around.
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  Speaker 1: But who knows.
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  Speaker 3: War is there, you know, like Mike Tyson said, everybody
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  Speaker 3: has a plan until they get hit in the head. Right,
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  Speaker 3: that's right, So we get hit in the head there,
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  Speaker 3: But you know it, war's dirty business and all that.
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  Speaker 3: In the long run, they can't possibly prevail. This is
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  Speaker 3: not like the North Vietnamese, right, you know, in the
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  Speaker 3: Viet Kong and well in viet in the Vietnam War.
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  Speaker 3: Obviously it's different than that. So when we have this
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  Speaker 3: conversation next year, where do you see things shaking out?
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  Speaker 1: Well, I think I think what's going to end up
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  Speaker 1: happening is at a certain point a Ran is going
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  Speaker 1: to be back and down. The prices of oil is
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  Speaker 1: going to come back around domatically once once the waterways
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  Speaker 1: open up. I think it's great for the Arabian people
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  Speaker 1: right to you know, to to be able to have
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  Speaker 1: more freedom. Hopefully with whatever gets into power there. There's
• 11:10
  Speaker 1: you know, just been so much repression that's been happening
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  Speaker 1: in that country. It would be nice to see people
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  Speaker 1: to be lived freely again as they once did. So
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  Speaker 1: that would be nice to see, right from from that perspective,
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  Speaker 1: But I don't anticipate this going on in extremely long
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  Speaker 1: period of time. Those waterways are going to open up.
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  Speaker 1: They're going to get pressure from you know, other countries
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  Speaker 1: like you were, like you were just bringing up there.
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  Speaker 1: You know, Iran's going to get pressures to to open
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  Speaker 1: up those waterways. And then you know, Trump wanting to
• 11:38
  Speaker 1: back out of NATO right as you're going to start
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  Speaker 1: pushing a lot of those other countries to act and
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  Speaker 1: start doing something. So they're you know, they're are going
• 11:47
  Speaker 1: to get kicked off of that gravy train.
• 11:49
  Speaker 3: Yeah yeah, all right, Patrick, tell us where do we
• 11:52
  Speaker 3: find you, how do we connect with you on the web,
• 11:55
  Speaker 3: and what you can do for us now?
• 11:57
  Speaker 1: Yeah, give us a hit us up on belladvisors dot
• 12:01
  Speaker 1: com and we help folks with wealth management and rotana planning.
• 12:06
  Speaker 1: So if you need help with that stuff, go to
• 12:08
  Speaker 1: Belladvisors dot com.
• 12:10
  Speaker 3: All right, and I can say safely say of my
• 12:13
  Speaker 3: guests to Patrick and dot I've had one thousands on Patrick,
• 12:17
  Speaker 3: I've done it for ten thousand podcasts past fifteen years.
• 12:20
  Speaker 3: You are one of the more knowledgeable and engaging guests
• 12:24
  Speaker 3: that come on the show. You're always welcome, appreciate your
• 12:26
  Speaker 3: stopping by and we will talk to you soon.
• 12:28
  Speaker 1: Thanks Kerry. Great to be with you.
• 12:30
  Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your
• 12:34
  Speaker 2: solution to today's trying times. For the latest, go to
• 12:38
  Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network now more than ever,