9-19-25 Gold, Jobs & the Fed: Axel Merk’s Market Outlook

From the Fed’s next move to the outlook for gold and gold miners, Axel Merk, CEO of Merk Investments, shares with Lance Roberts his take on today’s biggest market risks: The largest jobs revision ever, the Fed’s lagging response, why active management beats passive distortions, and how investors should think about risk, contrarian views, and the role of gold in their portfolios. 0:18 - Introduction of Alex Merk, CEO Merk Investments 2:01 - Annual revisions to BLS Employment Report - Largest negative revision to jobs in history. 4:20 - William Poole's explanation of BLS numbers & methodology and why markets pay attention. 6:13 - Herbert Hoover's belief in National Data for creating BLS numbers. 8:19 - The market trades off the data, whether you agree with it or not. 9:35 - How the Fed intervenes 10:55 - Kevin Walsh Fed candidate: The Fed needs more real-time data. They're always too late. 12:24 - Preview of September Fed meeting: The Fed should cut rates. 14:20 - What monetary policy is and/or should be (and what it is not) 16:36 - Correlation of asset classes...and not. 18:55 - How the Fed looks at inflation & asset prices (Gold & Gold Miners) 21:55 - Active Management is counter-cyclical 22:52 - Gold & Gold Miners as an asset class: Due for correction? 24:41 - The impact of passive investing driving asset prices; Index Investing & Price Distortion 26:29 - Rapidly depleting asset investments (Gold) 28:30 - Active Management Matters: Invest in management teams 30:14 - Importance of understanding the fundamentals of companies in which to invest 32:29 - Venture Capital-lite: Who Gets the Money? 34:42 - What Worries You Now? Having no investment process; a mediocre process is better than nothing 35:33 - If you can sleep with what you have... 37:25 - Why Technical Analysis works well in Gold space 40:20 - Risk Management in Good Times: The Value of Good Analysis 42:29 - The Value of Contrarian Views & Skin in the Game 45:29 - There is No Such Thing as an Investing in the End of the World; there's always the day after 48:07 - The Best Investment Advice Ever: Invest in Yourself Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Merk Investments CEO, Axel Merk Produced by Brent Clanton, Executive Producer ------- The latest installment of our new feature, Before the Bell, "Market Volatility Looms Following Fed Cut," is here:    • 9-18-25 Market Volatility Looms Following ...   ------- Our Previous Show, "No Risk-free Path for the Fed" is here:    • 9/18/25 No Risk-free Path for the Fed   ------- Articles mentioned in this report: "Corporate Earnings Slowdown Signaled By Employment Data" https://realinvestmentadvice.com/reso... "Invest Or Index – Exploring 5-Different Strategies" https://realinvestmentadvice.com/reso... "Portfolio Risk Management: Accepting The Hard Truth" https://realinvestmentadvice.com/reso... ------- Get more info & commentary: https://realinvestmentadvice.com/news... -------- SUBSCRIBE to The Real Investment Show here:    / therealinvestmentshow   -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social:   / realinvadvice     / lanceroberts     / realinvestmentadvice     / realinvestmentadvice   #AxelMerk #JobsReport #FederalReserve #GoldInvesting #marketoutlook ===================== Clarity Financial LLC dba RIA Advisors is a registered investment adviser and the opinions expressed by our guest speaker on this show are their own and do not reflect the opinions of RIA Advisors. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.