Transcript of Equity Market Report with Chuck Gibson is now available to Subscribers!
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Also find it in the blog post; at the Subscriber Resource Page, and in the Solari Report Archives.
From the transcript:
Catherine: Okay. So now time to have our interview. You all met Chuck Gibson, my partner at Solari Advisory. When we did View From Silicon Valley, an excellent background piece for these equity overviews that we’re going to do quarterly with Chuck, it’s through the innovation and technology trends that have contributed to a surprising strength in the US equity market this year. Chuck is an engineer by training and began his career in the information-technology industry and, of course, the office is out here in Silicon Valley and I’m speaking to you from there tonight.
As I said, Chuck has been with me doing these financial salons for changing times, and the Petaluma and Santa Cruz are coming up in October and November; and as I said, we just have great discussions. So if you want to get a chance to meet Chuck or want people you know to meet Chuck, there’s an opportunity. We’re going to be using charts tonight. Chuck does very impressive technical and fundamental analysis and he’s prepared a series of charts that will be up on the Instant Teleseminar. So you can watch it on the web, but we will also have them.
They’re posted at the subscriber’s space on the blog post for this evening’s Solari Report, so you can also download them there and look at them at your leisure. We’ve also put the outline for our discussion tonight up on the blog post as well. So the material is there for you. You can go back and listen again to this audio and study it and, of course, if you want to post questions for our Chuck when we’re doing these overviews, I would really encourage you to post them on those blog posts on The Solari Report. So Chuck, welcome again.
Chuck Gibson: Thank you. Happy to be here. Happy Thursday.
Catherine: Okay. Well, you’ve prepared amazing material for us and we appreciate it very much, so why don’t we just dive in? You know me. I love those walls in the shopping mall where it says, “You are here.”
Let’s start with the third quarter. We’ve just ended the third quarter – September 30, end of the third quarter – so tell us what’s been happening in the equity markets.
Chuck Gibson: Well, the third quarter was quite interesting. If you look at the charts, and for those who don’t have access to it I’ll try to give you a quick overview. I don’t want to spend too much time because I could bore people to death that actually have visibility. Silver and precious metals in general had an outstanding quarter. Silver was up over 22 percent and just in general all risk assets, as you can see from the number of the lines there that they were all up dramatically, especially for a quarter. I think it went back. The best quarter we’ve had in the equity markets since before, I think, 2007.
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