Gold, Oil and 3D Printing Technology

Money Never Sleeps, the show where we touch on anything and everything that impacts the flow of money from around the corner to around the world.

Now I want to talk about 3D technology, I've always been a big advocate of this type of technology as I see this as definitely being the future for fabrication of parts for Cars, Homes, Airplanes, they are even working on using 3D printing in the medical industry to fabricate artificial hearts, and other organs. I'm sure that its not far off that they will be able to actually have functional 3D printing of body parts as they showed in Johnny Depps movie Transcendence, Hey they have already created life like artificial skin and muscle that is 100 times stronger than what we naturally have so why not right? 

I've always said that if they can create something in a movie studio chances are they will be able to create it in the real world, we've seen it before and we will see it again, if you can dream it you can do it.

I want to switch gears to talk about commodities, more specifically gold and oil, there has been a guessing game as it relates to where both are going and let me chime in with my thoughts. Lets start with Gold, there is a ton of skepticism that gold will go to $2,000 or $2,500 per ounce, they are basing this on the weakness of this and lacking of that, in reality unless there is some serious geo-political impact on global currencies there is not going to be a mass run to find shelter in gold, so lets get that out of the way. I was trading gold in the $300 and $500 range where it wasn't cost effective for mining companies to extract it from the ground and now at over $1,220 per troy ounce, and yes a troy ounce is much different than the ounce that you use daily, a troy ounce allows for one universal measurement for metals, anyhow at over $1,220 per troy ounce I still think it has some more room to come in, probably to the tune of $1,000-$1,100 per troy ounce before you see it glide up a bit but I don't think we will see the $2,000 range but over time we may see $1,500.

Yeah I know that a lot of you gold lovers out there are rolling your eyes or blasting me at this point but unless you can bring hardcore facts to the table and not just an hunch or a gut feeling to the table then what I have said is what I am sticking to for the foreseeable future.

I've been to the jungle to extract gold, I've been to major refineries to smelt and stamp gold shoot I'm an Alumni of the GIA, I've been around this so much that I should have a solid gold plaque on my desk so I do have an idea of what I am talking about and again these are my opinions you can come to your own conclusions as its very important to do your due diligence and be well informed.

Now lets touch on oil, there are so many views and opinions on this topic but in the end what will impact the price of oil is technology plain and simple. The less dependent countries become on oil as being their prime energy source and move over to solar, wind and hydro, the less the demand will be for oil and the less the price will be as a result, pretty simple in theory anyway. The major oil companies are not interested in that happening but in reality if there were really smart they would be investing in technology as GE does to buck the trend that will be coming. 

I say that because of human nature, once you see that a person or company can achieve something there is something inside of us that lets us know that we can as well and for those select few that think they can achieve more, well usually they do as they put their minds to the test. So I'm certain that we will see this technology being developed by startups and taken over by one of the big boys in time.

But in the meanwhile oil is still very important and there is significant oil in the United States that can be tapped into still, I know this because a little known company has begun to do it and I plan on speaking more in-depth about this in the coming weeks as the company itself is restructuring in order to take advantage of the assets that lay right beneath their feet. SO just to give my thoughts on the direction of oil and here it is, I see oil having a range in between $80 and $100 for the foreseeable future as the only thing that will impact it over that range is some crisis in the Middle East or technology hitting the market that doesn't involved oil and that technology is coming, trust me on that one.

- Louis Velazquez
Host- “Money Never Sleeps” Radio Show
www.louisvelazquez.com
www.ucwmagazine.com/moneyneversleeps