Research Excerpts

John Kosar’s June 9th 2016 Interview: Financial Sense

Posted on: Saturday, June 11th, 2016

Click the link below to listen to John’s Kosar’s Thursday June 9th interview with Jim Puplava of the popular Financial Sense website.

John Kosar: Early Signs of Global Growth – Fears of Deflation Lessening

 

Jim welcomes back John Kosar CMT, Chief Investment Strategist at Asbury Research LLC.  In the S&P 500 Index, John sees it as up against resistance and is looking for a pullback before it advances through resistance levels. On a global basis, John points out strength this year in base metals, energy, and agriculture, and believes this is indicating early signs of global growth and the lessening of global deflation fears.  As to gold, John sees this as the early phase of a major bull market, but the positioning of smart money traders are telling him gold is currently overvalued, and it’s not the time to jump in. In oil, the charts show positive momentum, and John believes oil moves higher from here.

John believes we are vulnerable to a pullback near term, as momentum is stretched and the market is up against overhead resistance. John is more, positive longer term, but advises adding tighter stops and not adding to positions at these levels. John also covers the oil, gold and fixed income markets as well.

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Thanks to Jim Puplava and his staff for the invitation and another opportunity to speak to his large and loyal following of professional and individual investors.