Strategic Intelligence's Rickards Says Macron Will Win

The transcript discusses the surprising stability of gold prices despite political events like the French election. It highlights predictions about the Fed's actions, including raising interest rates and normalizing the balance sheet, and their potential impact on gold and the economy. The debate on the Fed's balance sheet strategy is explored, with differing opinions on its effects. The global implications of the Fed's policies, particularly on Asian markets and corporate debt, are also examined.

What is the speaker's track record regarding political predictions?

• He predicted Trump would lose.

• He predicted Brexit would not happen.

• He accurately predicted both Trump and Brexit outcomes.

• He has never made political predictions.

What is the expected impact of the Fed's actions on gold prices by late summer?

• Gold prices will decrease significantly.

• Gold prices will be unaffected.

• Gold prices will increase.

• Gold prices will remain stable.

What is Bill Gross's opinion on the Fed's balance sheet reduction?

• He thinks it will have no impact.

• He is unsure about the outcome.

• He is skeptical and believes it will not happen.

• He believes it will definitely happen.

How does the Fed's policy affect emerging markets in Asia?

• It reduces their corporate debt.

• It poses challenges due to stronger dollar-denominated debt.

• It strengthens their local currencies.

• It has no effect on them.

What is the main concern for emerging markets regarding the Fed's policy?

• Increased local currency earnings.

• Stronger dollar making debt repayment harder.

• Decreased foreign investments.

• Lower interest rates.