Resource Talks' Antonio Atanasov started this interview by asking me what The Independent Speculator thinks the Fed will do this week. He knows I don't like to make big predictions, but we talked about what seems likely and what will be important to watch for in the FOMC statement. For whatever it's worth, I think the Fed won't want to rock the boat just before an election. That took us to a discussion of inflation, the exorbitant privilege the US is accorded as the issuer of the de facto world reserve currency, and what happens when that goes into reverse. A key point I brought up is not to forget that monetary policy is only one driver in this political economy we struggle with. Fiscal policy is also very important with far-reaching implications for commodities, even in a recession. We also discussed Tax Loss Season and why, as much as I like gold, silver, and copper, uranium stocks are the only ones I might buy in the immediate future.Ed. Note: My part started at about 14:45 into this recording, but Antonio's intro is worth a listen.
