Saturday, July 16, 2011

Matt McCall: The U.S. Dollar Will Continue To Fall (NYSE:GLD, NYSE:SLV, NYSE:UUP, NYSE:IAU, NYSE:AGQ) | ETF DAILY NEWS


Hard Assets Investor: The president of Penn Financial Group describes the current factors he thinks will push the U.S. dollar down.

Mike Norman (Norman): Hey everybody, and welcome to HardAssetsInvestor.com. I’m Mike Norman, your host, here with my guest today, Matt McCall, who is the president of Penn Financial Group, returning to the show. Matt, it’s been a long time. Welcome back.

Matt McCall, president, Penn Financial Group (McCall): Thanks Mike.

Norman: I wanted to have you here to pick your brain on your outlook on the commodities markets. I know it’s an area that you are very, very active in. And I know that the last time we spoke, you were a major roaring bull in commodities.

That’s played out. But recently, we saw somewhat of a correction, in many areas. Particularly, why don’t we start off with oil, where we saw the market peak out in April around $114. We got down to about, I think, $89-something, seeing a bounceback now. What do you see for oil for the rest of the year? Read More

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