Michael discusses his expectations for the commodity market and outlines why the Fed needs to inflate to reduce debt obligations. He expects the commodity to market to take off at some point. There is tremendous liquidity in the world today and he cautions that history tends to move in leaps, and there will likely be some unexpected black swans along the way. For that reason, it's essential to take a conservative approach to investing, have some gold for insurance, and avoid taking on excessive risk.
Time Stamp References:0:40 - The direction for commodities.4:30 - Using indicators for minimizing risk7:10 - Direction for palladium market.9:10 - Learning from his father.12:00 - Central banks and volatility.