What Hath the FED Wrought

Featuring Brent Johnson

Brent Johnson of Santiago Capital charts the influence of the FED on the S&P 500 and considers Gold to be the anchor of any diverse portfolio despite market pressures.

Published on
17 November, 2015
Topic
Monetary policy, Financial System, Gold
Duration
10 minutes
Asset class
Currencies, Bonds/Rates/Credit
Rating
48

Comments

  • LS

    Lou S.

    28 2 2016 01:50

    0       0

    First: Be confident, you made your research - be confident.
    Second: Why just have a look at gold in terms of saving money - it could also be an investment.
    Great contrary thinking.

  • FT

    Frank T.

    9 1 2016 22:08

    1       0

    QE as of late, the discount rate and reserve requirements have been tools of the FED. Does anyone feel we are headed into a Lost Decade or Lost Century?

  • FT

    Frank T.

    9 1 2016 22:06

    0       0

    So fiscal spending has no effect on markets? The latest funding had defense, solar/alternative energy; broke the sacred sequestration.
    He fail to show the prior years when I did well in gold?

  • KS

    Kashyap S.

    30 11 2015 16:33

    2       0

    @Charles, When 15% of the days accounted for ~50% of the decline, there isn't a need for a control group but good point.

    If you're comparing gold to insurance, 25% is too large a position.

  • jS

    jurgen S.

    23 11 2015 11:09

    1       0

    The fisherman is a patient man.
    A comment a previous guest quoted.
    It's probably never been more relevant than right now, given Gold is so unloved in the West. The East is also patient fascinating

  • dw

    david w.

    22 11 2015 21:12

    2       0

    I am in the Freegold camp and once the concept "clicks" you will have most of your accumulated wealth in physical gold. See http://fofoa.blogspot.ca
    Enjoy.

  • MM

    Matthew M.

    21 11 2015 21:55

    1       2

    weak

  • VS

    Victor S.

    21 11 2015 12:43

    0       0

    Not menstioned ,for context ,is the now 5th year decline in a row of all "long only "commodity indexes such as Bloomberg CI. This is due to Dodd Frank/the Fed changing the rules to own commodities.

  • TJ

    Terry J.

    20 11 2015 10:23

    2       0

    Excellent presentattion and a timely reality check for those of us who hold gold.

  • CL

    Charles L.

    19 11 2015 20:20

    3       0

    so, just to compare: if you take out a *random* choice of 15% of days trading in bear market, what do you get? Possibly a less bearish result by 45%???

  • SL

    Stephen L.

    19 11 2015 12:57

    2       0

    I cant wait to see what happens to gold in 10 years, simply because arguments on both sides seem so compelling. Though giving the payoffs, it makes more sense to "invest" long and "trade" short.

  • AL

    Alex L.

    19 11 2015 09:25

    4       2

    Do you want to make money, or do you want to keep on believing that gold SHOULD go higher, if only it weren't for the manipulation?

  • db

    don b.

    19 11 2015 01:39

    0       0

    The FOMC controls all markets so the news doesn't drive the markets. They take the news and drive markets up or down depending on their game plan. So when you say gold went down because...#Pavlovian

  • EL

    Elizabeth L.

    18 11 2015 16:18

    10       4

    Outstanding critique on the gold market and Fed Management of all markets.