I wasn't able identify a red line in his story.

Never really said anything. Plus all from USD perspective. BTW gold in AUD is at ATH

I disagree with this guy on everything.

Thanks for the follow-up Michael! I don't agree with the reasoning on ECB policy though, I don't see the ECB hiking or exiting QE anytime soon. Don't count on this as a good indicator as the sample size is obviously laughable, but more and more EU investors and family offices I spoke with recently, rotated some of their cash positions into CHF. We've all seen this before and I remember what happened every time. I've learned to be cautious with the euro when the chf topic starts popping up as a "rational investment". There's just way too much uncertainty in Europe right now and my feeling is that US based investors do not fully understand this.

He was right with his option trade but because it was a short dated option he didn't make any money. So why wouldn't you always enter a longer term option it the first place. If you look at the pricing between short 3 week and say 2 or 3 month it is not that much different.

🐔 🐔 🐔 🐔CHICKENHAWK🐔 🐔 🐔 🐔

Justine is a real trooper as she followed what I think was the most disjointed and boring presentation I have ever seen on RV. Sorry but this was of little use .

Michael P is one of my favourites on RV. And I think the hardest recommendation to make (and to follow) is to wait. But I keep Mark Sptiznagels words in mind. You are being patient so you can be tactically impatient later. I am still invested in GLD though. I am thinking of holding on to it, as I am keeping my powder dry. Thanks again Michael. Your TLT call of last year was a real winner. And thanks RV. Please keep bringing Michael back.

Agree on bullish view on Gold, but think that better play is through Silver. Just have a look at Gold to Silver ration sitting at 25 year highs.