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New Insights on Precious Metals & U.S. Housing

Episode 78

Updated: June 09, 2017

Learn why the recent price action in gold suggests to him that gold prices may be entering a risky period soon. Plus, one high-yield debt instrument that was at the forefront of the 2007-2009 financial crisis has reached a new, dangerous milestone and we're sounding the alarm. Lastly, at least one measure of optimism has returned to the height of the bubble days. Some say not to worry because "the economy is in far better shape than a decade ago." Is today really different?

Show Notes:

Features in this episode include:

Gold Prices: Pullback Ahead?
Why Renewed Danger Lurks in the U.S. Leveraged Loan Market
U.S. Housing: "Not Since the Mania Days"

Cov-lite loans now account for three-quarters of the U.S. leveraged loan market, the highest percentage on record. Moody's notes that while issuance of these loans has surged, the cushion against future default cycles has "fallen dramatically." The wide acceptance of cov-lite loans is a result of a long period of positive mood.

When mood becomes more negative, the stock market will turn down and credit will contract as lending standards shift from hyper-easy to tight. Cov-lite loans will be at the forefront of a cascade of defaulting debt. -- June Elliott Wave Financial Forecast

At this point, a Fibonacci 61% of Americans expect housing prices to increase in the next year. That's the highest percentage since homebuilding stocks peaked in July 2005. ... Conversely, just 10% of respondents believe home prices will decline in the next year, which is also the lowest percentage since 2005. Put another way, 90% of the Americans surveyed by Gallup say housing prices will not fall in the next year. That's almost as high as in 2005, when 95% of survey respondents were onboard with the housing boom. -- June Elliott Wave Financial Forecast

Elliott Wave Weekly

With our Elliott Wave Weekly podcast, you'll get a roundup of the best market insights and Elliott wave analysis from interviews, presentations and webinars with our researchers and analysts at Elliott Wave International. And, best of all, you can download or listen online (it's free).

Alexandra Lienhard is the host of the popular podcast Elliott Wave Weekly. She is also the Chief Correspondent for ElliottWaveTV, a channel dedicated to providing the latest information from key Elliott Wave Analysts. Alexandra has been working with Elliott Wave International since 2009. Before that she worked for CNN in their Atlanta headquarters and on their entertainment desk in Los Angeles. Alexandra graduated from the University of Southern California with degrees in Broadcast Journalism and Business.