Author, David Murrin, warns there is a significant risk of conflict in Asia, including Korea and Taiwan. He states that China is gaining knowledge of drone technology, while the West is essentially at war with Russia; the level of collective delusion from Western leaders is concerning.
From one foul-mouthed host to another. Chris Irons is Quoth the Raven, and never holds back; in fact, his language is far worse than mine.
Asset manager David Brady believes another massive rally is coming for gold and that the Fed will reverse course. Countries never chose to default they always inflate their debts away. Markets today are centrally managed. What we have is not free-market capitalism.
Legendary mining investor, Rick Rule, pulls no punches. He critiques governments for being so corrupt, and why they prefer fiat systems. Then, he explains the difference between backing a currency, and pegging it to a commodity.
Analyst, Danielle DiMartino Booth, is my sort of bird. Her warnings about US rates apply equally well to the UK, and she is bang on the money.
Analyst Peter Grandich says his clients tell him that it’s difficult to get goods and prices are rising quickly. Yet, the Fed’s ability to deal with inflation seems limited. Peter says that the lockdown created secondary effects on supply chains, and now things are becoming compounded with China and Russia and the Fed’s tools are largely useless at correcting this situation.
Analyst, Chris Puplava, argues that Fed rate hikes don’t always result in recessions. He believes there is no spare capacity to compensate for a slowdown and, therefore, the Fed is limited in its ability to control inflation. The November elections are always a factor, and he doesn't expect the Fed will tighten aggressively into the fall. Mortgage rate hikes, he argues, are already impacting the housing markets, as the interest rate pain threshold has been more pronounced with every debt cycle.
30-year mining veteran, "Andy", discusses how everything in markets comes down to supply and demand. Logistics, contracts, and shipping are all essential factors in trade. Markets are complex, and risk mitigation is important, especially with the fluctuating prices of commodities. Sometimes, margins are tight, and companies can easily lose money - particularly if they're not hedged accordingly.
This is a cheery way to start the weekend. Analyst David Hunter does not mince his words. He discusses how:
Analyst and trader David Kranzler argues that the weekly economic data is indicative of the U.S. already in a recession. Eighty percent of all U.S. households have been experiencing the characteristics of a recession. Credit card usage is spiking and this is likely because people are relying on them to make ends meet. Inflation remains rampant at double digits.
Apart from on bitcoin, analyst, Gerald Celente, is bang on the money. He kicks off this podcast with the scamdemic, and the resulting actions of governments around the world. He states that one country after another is acting in lockstep, attempting to ‘flatten the curve’ by locking you down and putting you out of business. Then the vaccines came but, contrary to general belief, did worse than nothing. We in the West adopted the Chinese way of suspending our freedoms.
Gold analyst, Jeffrey Christian, believes it is clear the world is shifting towards higher gold prices.
Analyst Gareth Soloway believes that Bitcoin will survive and thrive but it’s likely to correct further as there is still much irrational exuberance in the crypto space. He argues that the current pattern is more likely to break down.
Investor, Lawrence Lepard, states that Russia’s actions will likely drive the price of gold, as we’ve reached a tipping point not unlike in the 1970s. Putin is hitting back economically: the theft of reserves was a clear warning to many countries. Thus, the Ukraine/Russia conflict is not only military but economic.
Asset Manager, Michael Piepenburg, is quite clear: we are at a turning point when it comes to the death of an Empire, that is to say, America.
At last we Austrian economists can see that our dire warnings about the thief in the night will be vindicated. But if you think I am gloomy…
Analyst Don Durrett says that it is fear that will get gold racing away. And he can see plenty of fear on its way.
Okay, Kevin Wadsworth and Patrick Karim are chartists but let’s not hold that against them. Their calls are dramatic and bearish.
Again I present this as a counter view to a one way traffic in the MSM. I can’t say that I agree with all of what follows. Libertarian commentator Tom Luongo does not hold back. For starters he believes social media should be reserved exclusively for puppy and unicorn videos. As a hardcore libertarian he believes in human rights and is therefore against war as a matter of principle. Wars support the state and they are the worst possible outcome of human interaction. He says that the Ukraine war is full of disinformation and bias from the media and as always the first casualty in war is the truth and that Russia appears to generally be less biased in its reporting. The Russians feel this is the least bad action they can take regarding Ukraine at this time.
Precious metals dealer Patrick Yip is clearly talking is own book but is, I think, correct in suggesting that everything is becoming more expensive and we see that in the one year performance of most commodities. The US Consumer Price Inflation (CPI) report of 7.5% seems to be very understated but this rate of inflation alone would remove 35% of your purchasing power in five years.
All credit to Palisade Radio for this podcast with Peter, a chap on the ground in Russia in St Petersburg. You will not hear or see this sort of thing in the mainstream media as we now hear only side of the conflict and anyone suggesting there may be another point of view faces a firestorm of hate. Peter has a background in economics and finance while also being a private investor in both stocks and cryptocurrency and was just old enough to remember the collapse of the Soviet Union and recollects the emotions of family during that time.
Bullion manager Stephen Flood says his company is seeing a lot of demand due to inflation concerns. The broader consumer base is not interested in buying gold but he expects this will change. He claims that we’re seeing seven percent inflation and it’s likely much higher. It’s not going to take long for money to halve in buying power.
Forget Ukraine it is not the real driver of the bull case for gold. Analyst Keith Weiner explains what is and why the makes him a gold bull.
Analyst Mark O’Byrne is puzzled by gold’s lack of reaction to current global risks. He says that the metals should have moved higher in response to inflation. Supposedly, they are anticipating rate hikes but a large move seems unlikely as that would crash the markets. Inflation is not transitory and we’re just seeing the start of it. He expects weakness in the short term for gold as Fed takes some sort of action. Then he says that within a short period afterward, we will see gold break to the upside.
Author and journalist Larry McDonald writes about global political and systemic risk and how to make money from it. He starts his bear thesis with assessing how dangerous the extreme leverage within ALL markets has become.
Asset manager Kevin Smith warns that the Fed has lost control of inflation, equities are bound to fall sharply and you just know where to go to save your wealth!
Writer Jesse Felder warns that equities have NEVER been more overvalued but that gold offers a … golden opportunity to get rich
Another one to annoy our in-house bitcoin loon Jimbo although I sense that this particular sinner is somewhat repenting.
Asset manager, Egon von Greyerz does not mince his words. There is no fence sitting here. He argues that systemic risks are increasing but the general investor does not appear concerned. No one knows the size of the derivatives markets but it’s likely in the quadrillions. Egon points out that sovereign bonds make no sense for investors since the only way they can be paid back is with more money printing, hence they are extremely poor investments especially when you consider the dismal returns.
Some folks talk of how this will be an inflation-fuelled roaring twenties as if inflation is a good thing. But, as I explained in Bearcast yesterday, history shows how it rips society apart. The poverty it causes for many is an evil. Doug Casey, the libertarian author and speculator, follows this theme in the latest podcast from Palisade Capital. He may be more eloquent than I, certainly he delivers fewer “ers”.
I cannot help but think that unfolding events in the Ukraine are going to be positive for both gold and oil in the coming weeks. But that is not the thesis of analyst Steve St. Angelo of the SRSrocco Report. Steve seeks to show how energy can impact the price of gold and why it essentially sets a floor for the metal. He argues that the foundation of our global economy is the cost to produce goods and there has to be a profit margin: Everything has a margin but unfortunately, investors often forget this factor when evaluating charts.
I run this to annoy both our in-house crypto loon Jimbo but also gold loon Nigel Somerville. But Andrew Gilbert who makes the call is a chartist so, almost certainly, wrong.
Ex broker and commentator Bill Holter of JSMineset makes it clear: inflation is unavoidable and that must send gold higher.The process is already underway.
Perhaps the world’s best known resource investor Rick Rule is, of course,talking his own book but now he has retired from Sprott he claims he can speak more freely than before. The joys of being unregulated. Don’t I know it!
Analyst Bob Coleman from Idaho Armored Vaults is a precious metals bull.
Analyst Jaime Carrasco of Canaccord Genuity is still a gold bull and here’s why.
Analyst Steven Van Metre has a stark warning for us all.
Analyst and silver bug David Morgan warns of the excessive risk created by the use of margin in markets. Excessive leverage led to the 1929 crash and the great depression. Investors can be wiped out if they are not careful.
Commentator Adrian Day says that “The Fed’s bark is worse than it’s bite.”
It is all about inflation stupid! Analyst Peter Boockvar of the Bleakley Group kicks off with the latest CPI prints and the transportation bottlenecks. He argues that these logistics issues are likely to persist to the number of trucking and shipping companies that went out of business in recent years which is one driver of the thief in the night.
Veteran financier Simon Hunt argues that there are generational risks in the global economy, there are growing bubbles everywhere, along with enormous amounts of speculation, overvalued markets, and geopolitical tensions which all appear to be worsening. In addition, he says, we have central bankers running wild but debt can’t continue to grow faster than the economy. Navigating these risks is difficult. You can either run with the crowd or take preventative actions. Interestingly, two countries China and Russia have chosen to take prudent action for their economies. They are preparing for the monetary collapse outside of their countries. They understand that this will end badly.
Veteran analyst Alasdair McLeod claims that the investment management industry is completely ignoring the expansion in money and the resulting inflation. Price increases are the consequence of this expansion of the money supply. He notes that we’ve experienced an expansion by 400% in M1; we are in hyperinflationary territory. Further spending on infrastructure using more printed money won’t make this any better.
Writer Lyn Alden is bang on the, increasingly worthless fiat, money when it comes to the thief in the night. She’s my sort of bird.
Analyst Michael Oliver believes the movement in gold last week was just the start of another bull run. Silver is in a similar pattern to gold but needs to reach $25.37 on a weekly close to trigger a move higher, he claims.
Analyst Andrew Hoese from Finding Value Finance explains his views on ratio investing with precious metals and how it ties into real estate. Ratio investing can be quite easy allowing one to increase their purchasing power by accumulating ounces in one’s investment stack.
Analyst John Feneck argues how different the miners feel now than back in 2016. He explains his investing approach and how he avoids certain issues. It’s important to be able to sleep at night. Currently, he’s heavily invested in junior miners and explains why.
Investor and writer Nate Fisher kicks off by describing a regular monthly pattern he sees with silver that is indicative of manipulation.
Analyst Jeffrey Christian admits that folks do not agree about what will happen next. He discusses his recent presentation at the Silver Symposium and how his opinions differ. He notes that all currencies are fiat and that gold’s value is determined by fiat. Much in the same way that currencies are valued by national central banks.
Asset manager Lawrence Lepard reckons the end of the bull market in everything is nigh. He sees equity growth slowing a sign that we are near a market top. Last year we had explosive growth in GDP but that has waned in recent months. We printed trillions to get us through the Covid period and now benefits are running out. The economy is starting to choke and the key question is will they do further stimulus or will the markets be allowed to roll over.
Analyst Christopher Aaron says “Now is the time to prepare your lifeboat because there is trouble coming for the dollar.”
Writer Kevin Muir of “The Macro Tourist” has a couple of pretty extreme big calls.
Asset manager Jaime Carrasco of Canaccord Genuity warns that we’re about to re-enter the storm that began back in 2008. He says, “Get your ship prepared.”
The Quoth the Raven podcast host Chris Irons is a man who believes in sound money and bad language so he must be a good bloke. Chris reckons that everything in the markets is rigged and the biggest rigger is the Fed. He says that the Fed’s main function today seems to be preventing market corrections. This is causing numerous issues along with making most people complacent.
Matthew Scott is self publishing a children’s book to explain the concept of money. The book is called “The Illusion of Money” but it should instead be called the “Illusion of Currency”. And it should also be read by central bankers and politicians. Scott argues that eventually, faith is lost in every currency and its value disappears.
Bullion dealer James Anderson looks at gold demand since 2020 and argues that interest in metals is steadily increasing. In the years to come, he predicts that this interest will continue as uncertainty in the markets grows: The structure of the financial system today is vastly different than in the past. Now there are layers of obscurity hiding the unstable system. Eventually, these problems will be too big to hide.
Investor Michael Gentile has a simple message about the only way to cope with inevitable inflation coming down the track towards us and fast.
Analyst John Feneck of Feneck Consulting, argues that FOMC Chair Powell is a former attorney and isn’t an economist. So, it’s important to listen to what the Fed chair is saying and avoid noise from others, even those at the Fed. John explains the importance of non-farm payrolls metrics but one should also watch the CPI and home prices. He cautions that a single metric should not affect the gold sector that much.
Okay, the call is from a chartist so you may wish to ignore it but since it will annoy some folks here goes anyway.
Writer Jonathan Baird says that the biggest takeaway in markets today is the importance of macro factors. Some things that appear to come out of left field like the pandemic were foreseeable. It’s important to not focus too closely on your investments but also be aware of what is going on in the larger sense.
Dan Popescu is an independent investment analyst of the gold and silver markets and starts with a history lesson to justify his bold prediction.
Analyst Craig Hemke, founder of TF Metals Report is no fence sitter. Craig discusses the growing shift in wealth inequality since the untethering of the dollar from the gold standard. The ending of the gold standard required faith and confidence in the US government. Today, that confidence is steadily waning.
Celebrated author and investor Marc Faber does not mince his words. Most stock markets and sectors have underperformed compared with US Markets. This, Faber explains, is because every time the Fed prints, it ends up with corporations and the super-rich. Markets are no longer homogenous, and fiscal deficits are no longer expanding. This is making it more difficult for the entire market to move upwards.
Analyst Michael Oliver focuses on bubbles in equity markets and says that the S&P indicates a top while momentum is waning. He argues that bear markets typically begin with a gradual arm-wrestling decline and often no crashes, which he expects will occur. Michaels proprietary volatility indicators are now showing a similar pattern that we saw in 2008.
Asset manager Peter Grandich says that during his forty year career, financial markets have changed to become high-tech casinos. Spot on!
A final melt up followed by an 80% market crash? This David Hunter chap is a cheery fellow is he not?
Asset manager Michael Gayed notes that this year has been remarkable in many ways. That is a bit of an understatement.
Patrick Karim is a technicals based trader so take what he says with a pinch of salt but he makes a few big calls.
Alasdair Macleod, Head of Research For GoldMoney kicks off with the Fed’s levels of reverse repos and quantitative easing of 120 billion a month. Since the banks can’t absorb all the extra liquidity-seeking returns, he points out that the Fed must step into the market.
This will be music to the ears of our in-house gold loon Nigel Somerville. Trent Norris from Sterling Capital is a gold bull but a silver mega bull. He believes the mining sector is in an excellent buying opportunity at that we are near the start of the cycle, which usually lasts a decade.
Writer Steve St. Angelo of the SRSrocco Report says that the Fed’s Treasury purchase isn’t money creation; instead, it destroys it. Therefore, QE is not inflationary as many believe. This process is supposed to lower rates and thus increase public borrowing. However, QE is destroying money velocity and gradually ruining the economy.
The author of the annual “In Gold we Trust” report Ronald-Peter Stöeferle has titled this year’s dossier “Monetary Climate Change” and the reports cover shows the Statue of Liberty drowning in debt. Ronald is trying to show the lack of sustainability of the US monetary system.
Chris Irons, host of the Quoth The Raven, is an outspoken and entertaining fellow who is pretty much bang on the money most of the time. His core thesis is that modern financial systems are essentially nefarious schemes that benefit politicians and the wealthy.
Bankster and author Diego Parrilla defines a bubble and how misconceptions can distort reality at extreme values, either high or low. Every bubble has an anti-bubble.
Nick Giambruno is Chief Analyst of The Casey Report and warns that the thief in the night is now out of control. Nick differentiates money from fiat currency and where investors should hold their wealth in times of crisis. He argues that Bitcoin is a good alternative and is not unlike gold. Digital scarcity is a new invention, and the real revolution is in bitcoin, not other digital currencies. Bitcoin is unique because it isn’t controlled by banks or corporations and works as a form of digital gold. He believes bitcoin is in the process of monetization around the world.
Money manager Ted Oakley says US job numbers may appear to be improving but it’s hard to measure real employment numbers accurately. The jobs and family act need to be passed so that society at large obtain some return on that money. America needs to stop paying people to stay home. So a fake economy has been created meaning valuations of all asset classes are way beyond stretched.
Pierre Lassonde is the Co-Founder of Franco Nevada and formerly was President of Newmont Mining so knows his onions but is also talking his own book big time. With that caveat, he starts by discussing how a weak dollar and a low-interest-rate environment are good for gold. Real interest rates have to remain low or the debt can’t be repaid. Effectively today, we have negative interest rates, and that is always good for gold he argues.
Writer Kevin Muir of “The Macro Tourist” kicks off by explaining how the Repo Markets function, their purpose, and what led to the September 2019 freeze. It’s the financial plumbing of the entire banking system where banks lend to each other. The front end of the curve acts as a temperature gauge for the system. Why does this matter?
Russell Starr is President and CEO of Trillium Gold so is talking his own book. But he talks a lot of sense. He explains how we are in the stealthiest gold bull market because most investors are overlooking it. This lack of interest has created enormous opportunities for investors. Inflation is likely to drive generalist investors back. Just consider housing prices and compare them with the official CPI numbers. The value of everything is being destroyed, and investors will soon realize that they should put money into gold.
Professor David Collum of Cornell University is an expert on inflation. David starts with the observation that actual wealth creation involves making life better, and the 1870s to 1940s are a good example. Since the 1940s, wealth creation has become much more gradual. GDP today does not consider inflation or planned obsolescence from cheap consumer goods.
Equity strategist Gareth Soloway is as bullish on gold as he is bearish on equities, He claims one should balance news with chart technicals. I guess he is half right. Gareth says that you want to be aware of new economic data even though his focus is primarily on the charts.
Investor Rafi Zarber is a libertarian and an Austrian school economist so clearly can do no wrong at all in my eyes. He recently penned an article on money as a gold substitute where he defines the meaning of sound and hard monies. Money needs to be predictable in what it measures and have a predictable supply. Debt substitutes and paper promises become problematic over time, and the entire system becomes unbalanced. These imbalances cause price and supply disruptions across sectors, including commodities like mining.
Kevin Wadsworth and Patrick Karim are both chartists so feel free to ignore everything they say.
As an IT geek turned mining entrepreneur, John Lee of Silver Elephant Mining is talking his own book here. He argues that everything in life is probability-based, including gold and silver, and much hinges on the dollar. The dollar has recently broken down, which is great for metals, but if it resumes its uptrend, that would be tamper silver expectations.
Michael Oliver warns that the charts tell you that equity markets are topping and points out that the large leading stocks are waning in these indexes. This could be a sign of trouble and evidence of a gradual decline into a bear market. He discusses how bonds are usually inverse to equities, and they are watching for a counter-trend rally. If significant funds get nervous, they will move to treasury bonds and gold.
Analyst Danielle DiMartino Booth is my sort of bird – a dry as dust Austrian economist who tells it as it is. Pointing out the elephant in the room that bulls ignore, she starts by flagging up that America is a very indebted country if one includes American households, corporations, and the national debt itself. Servicing all this debt is only possible because the Fed has been able to keep bond yields near zero.
Asset manager David Hunter does not mince his words. Equities are in a late stage melt up but will then, he predicts, fall by 80% as we go from a global deflationary bust followed by an inflationary recovery cycle. We will see dollar weakness now followed by a big dollar rally during the bust.
Brian Hirschman is the Managing Partner of Hirschmann Partnership, dubbed by ValueWalk as the “World’s Most Bearish Hedge Fund.” He warns that all the bubbles have only grown in recent months and that the two biggest bubbles are bitcoin and residential real estate.
Writer Erik Wetterling of the Hedgeless Horseman claims that real assets are undcervalued, indeed are at 97 year lows. What is a real asset? Gold of course.
Libertarian investor Rafi Farber is an economist of the Austrian school so clearly a sound chap. He outlines the treasury market operations and the massive increase in debt issuance. Much of this debt is now being redeployed under Janet Yellen and will require an enormous amount of additional issuance to finance the infrastructure spending under Biden. This debt will be raised through ten-year and two-year treasuries, and the Fed will have to monetize nearly all of it. And that will have only one result.
Recently semi-retired, Rick Rule says, “The game is to find the tiny percentage of companies that are spectacularly successful in a sector that loses four billion dollars per year.” Easy, right?
Gold businessman Keith Weiner argues that there is no way to extinguish debt in our current system, so the total debt grows, and due to interest, it tends to grow exponentially. He says that in the past, the Fed loosened regulations and lowered rates, but it’s like they are now pushing on a string.
Analyst Luke Gromen argues that the global sovereign debt bubble is bursting, something which last occurred a hundred years ago. He believes that the Central banks are nearly entirely out of options, and bond markets are beginning to understand this fact.
Trader Francis Hunt “The Market Sniper” says that gold is acting as the bellwether for the collapsing global economy. Gold and silver will soon be unleashed, not unlike the recent major moves in palladium and rhodium. He says that a lot is happening behind the scenes that will affect precious metals, and he looks closely at the macro picture surrounding the markets and bonds.
Asset manager Michael Gayed warns the very fabric of society is at risk.
Investor Michael Gentile started out during the Tech Boom’s final phases and has always taken a contrarian investment approach. He says that he has learned it’s best to get involved in a sector when it’s hated and that commodities tend to bounce between extremes of sentiment.
Wall Street veteran Peter Grandich believes that the loose monetary policy day of reckoning must come. He says, “We just past another couple trillion in money printing. This debt isn’t something that will go away; someone will pay the price and pay dearly. Servicing this debt is an issue, and the average American has no understanding of what is occurring.”
All chartists, not just Zak Mir, talk total cobblers and so here are two of them on the subject of gold, silver, and copper. Kevin Wadsworth and Patrick Karim talk cobblers. I’d love them to be right but I bet they are not. Enjoy.
Analyst Bill Holter kicks off with the events in Texas during the winter storm and why the weather was sigma level abnormal. The forecasts were wrong, and the infrastructure in Texas was not built for those temperatures. This does have wider ramifications but is a metaphor for what will hit the financial markets.
Money manager Vincent Lanci explains some of the terms surrounding the bond markets and the current signs of low investor interest. Strangely, there was a massive reaction on Thursday’s Treasury auction to that lack of interest. The market was behaving like it expected the Fed to raise rates. In his speech on Thursday, everything that Powell said revealed the Fed would not raise rates, and they were not concerned by inflation. They stated they would remain extremely accommodating.
Gold investor Don Durrett believes that the yellow metal is currently trapped on the chart and will fall before it recovers. Investors currently don’t have a good reason to exit the stock market and buy gold. If a correction occurs in stocks, it seems unlikely that gold will avoid taking a liquidity hit, but it will recover.
Analyst David H. Smith has a prediction to delight we loyal shareholders in Jubilee Metals (JLP). Nope, not Colin Bird’s resignation but almost as good is his view on the relationship between platinum and palladium and why the prices between them are currently inverted. Platinum being quite rare, it is usually more expensive than both gold and palladium. This trend seems to be in the process, he argues, of returning to normal. Good news.
After the recent fun and games in silver, writer Lior Gantz starts this podcast 40 years ago. He explains the 1980 Hunt Brothers short squeeze and how they managed to corner the silver market by buying up a third of the global supply. The government’s solution was to prevent long contracts and forced the Hunt Brothers to sell.
Macroeconomist Henrik Zeberg analyses where we are in the winter season of the Kondratieff cycle and what comes next. He believes we are approaching the final deflationary phase, which will have severe consequences for investors.
Writer Lance Lewis says that his early career as a tech analyst taught him the business cycle and that it was much easier back then to make money on the short side of the market, but that always came with risk. And that is why he is making this big call today.
Asset manager Jonathan Mergott, says that what folks are missing is that we are now seeing a loss of faith in the system. This will be the main driver for gold.
Fund manager Jaime Carrasco of Canaccord Genuity looks back on 2020, the elections, and why the world needs a monetary reset. As some of us keep pointing out to bearded lefty crackpot Darren Atwater, Jaime notes that Darren’s beloved Canada is making many stupid decisions around energy and the economy. Globally, the consequences are becoming evident from all the money printing. Darren, be warned, this will end in tears for you and the cats.
I recorded a long video with Lucian earlier and silver was on his agenda. He will like what analyst Michael Oliver has to say about past markets and how in the 1976 period, investors moved into commodities and stocks went sideways. He believes that today, we are entering a similar period as most commodities have had long basing periods and are now turning upwards. This move seems to be caused by the expansion of the money supply and monetary policy.
Asset manager Lawrence Lepard of Equity Management Associates argues that the system has failed due to unsound money, and an immediate restructuring would be preferable. The alternative may be dragging the process out for the next twenty years. He explains the differences between today and 2008 and why we haven’t seen much increase in money velocity yet.
Silver Guru David Morgan says that in inflation-adjusted terms silver is near all time lows and that “90% of the move comes in the last 10% of the time.” Physical demand in 2020 for silver from ETF’s has been unprecedented, and the gold-silver ratio has also outperformed. He argues that silver should continue to outpace gold, and he expects this bull run to continue for another two or three years.
Analyst Kirian van Hest is a specialist on the Comex and where its delivery default risk may be heading in the coming months. Kirian was expecting more stimulus this last Autumn and more investment in the precious metals. He says that the numbers Comex is reporting are highly suspect, and it appears that it’s now one big fraud. He feels that by February or the latest, the middle of 2021, the Comex’s fraud will become very evident.
Analyst and devout Christian Peter Grandich called the bottom in gold in 2018. At that time, it was a very contrarian trade, as most investors had given up. The lack of exploration, coupled with the massive money printing, made this a relatively easy decision. He feels bullion may still have a way to run but mining equities will go even further. He expects a new period of M&A and interest from large funds.
Analyst Martin Armstrong uses AI to generate his reports but, despite that, he seems to talk some sort of sense. He warns of the failing European politics and economics and why their global agendas are becoming an enormous burden on the world. The critical issue today is faith in government and the consequences when this collapses. People in Europe are hoarding cash, which is driving the ECB to implement a digital currency.
Author Charles Goyette does not mince his words. They will print dollars until they destroy the currency and this means you must be ready for the last great gold rush. He argues that there is something different about this bull market – bull markets are generally driven by money printing, but today this is unprecedented and global.
Writer Lyn Alden looks at the economic downturn and notes that we’ve seen a rebound in some asset classes, but, she argues, that it will take most of 2021 to see all the effects play out. We’ve seen a weaker dollar and slowing GDP growth globally. By late 2021 the global economy should improve gradually.
Analyst Steve Thomas notes that after a slow decline in gold prices, sentiment reached a new low when Bitcoin tested its all-time high. These times, he suggests, are buying opportunities.
Nicholas Mertin is the founder of Digifox a digital finance platform and DataDash, the largest cryptocurrency YouTube channel is talking his own book here. But as we have a few bitcoin nutters on this website, as well as the legion of gold bugs headed up by comrade Somerville, here is something for you.
Bullion dealer Simon Mikhailovich argues that today’s accounting practices may look okay on paper but the truth is that we are bust. It is now impossible to meet the future demands on cash-flow. Rates today are at 5000-year lows, while most assets are very overpriced. The dollar has declined in value during the past century by 95%. He argues that since interest rates are now zero, currency can only fall in value from here.
Analyst Alasdair Macleod believes, unlike our beloved Government, in sound money. As such he does not read too much into November’s gold slippage.
Bullion industry veteran Bill Haynes views the amazing prospects for gold in the context of past events starting with Nixon closing the gold window in the early 1970s. Bill believes that gold could reach 4 or 5 thousand dollars an ounce in the next couple of years and so says, “People need to buy gold before it gets too expensive.”
Analyst David Kranzler of Investment Research Dynamics argues that banks like JP Morgan leverage commodity market options via manipulating prices via massive amounts of paper contracts. This manipulation is a source of massive profits for these bullion banks and is permitted because it benefits Central Banks. These shock and awe hits to the market are designed to shake out weak participants.
Asset manager Frank Holmes argues that the US the election results and a split house may be the perfect scenario for the stock market and the ideal scenario for gold. He believes that G20 Central bankers have been functioning as a cartel since 2008 by synchronizing taxation and regulation. Now they are playing with MMT, zero interest rates, and monetary stimulus. However, they have redefined the CPI, and today if you use the old model, inflation is running at close to eight percent. Smart people are buying real assets like art, gold, silver, mining equities, and bitcoin.
Libertarian speculator and author Doug Casey says it’s difficult today to be an investor with all the government economic distortion and mis-allocation of capital. However, in contrast a speculator can do well in this environment. He says, “Being a speculator should not be confused with being a trader.”
Trader Patrick Karim has words which will delight Nigel Somerville and other gold loons.
Fund manager John Hathaway of Sprott argues that traditional portfolio weightings no longer work. Bonds today are return-free risk, which opens the door for gold since something has to replace bonds. He says that some large pension fund advisors are considering gold as a risk mitigator.
Analyst Andy Schectman of Miles Franklin likens Monday’s hit on gold to a drive-by shooting. He says, “Physical demand has nothing to do with what we just saw on the Comex. This was done to create a perception of reality.”
Writer and trader Gary Wagner says that folks are waiting for more stimulus, but the next program will likely not arrive until February. The US economy continues to contract, and while some businesses are doing very well, others are being hit quite hard. The Fed has stated that interest rates will remain unchanged as it still has some options in their toolbox.He says that you can expect gold and equities to continue to do well in this environment.
Asset manager Egon von Greyerz of Matterhorn Asset Management AG based in Switzerland argues that today’s events are not nerw. History does repeat itself. Governments love to spend more than they receive in revenue, and no currency has ever survived. Deficits have been nearly non-stop since 1930, and often an unrelated trigger can cause the crisis.
Rick Rule of Sprott is, perhaps, the world’s best known investor in precious metals. So maybe he is talking his own book.
Fund manager Jaime Carrasco of Canaccord Genuity starts with the Fed’s rampant money printing. Whenever central banks print like crazy, income inequality and destruction come to the middle class throughout history. These policies explain the politics today and why the outlier tends to be elected.
This is my sort of bird! Danielle DiMartino Booth is the CEO and Chief Strategists for Quill Intelligence, a research and analytics firm. She makes a stark warning about the USA and the dollar.
Fasten your seat belts and don’t sell your gold shares (unless they are in companies run by folks whose middle name is Dilution and whose first name is Calamity).
SSince I am a loyal and supportive shareholder at Pensana Rare Earths (PRE), this video is naturally sweet music to my ears! And the video also focuses on the mega bull case for copper which, as an Asiamet (ARS) shareholder, makes me even happier.
Our own Nigel Somerville has suggested that this is indeed the case. Author and analyst Robert Kientz also thinks so and explains why.
Technical analyst David Keller says that the number one consideration for an investor should be price followed by regularly watching trends of many asset classes. He says, “Price tells you where capital is moving towards, while breadth shows you what bets are being made, and sentiment reveals what people are saying.” David gives some examples of breadth trends and why they provide a sneak peek into the markets’ operation.
And if analyst Craig Hemke is correct, you just have to buy precious metals exposure, especially gold.
Given the shape of my portfolio, I really would not mind if Brian Hirschman, the Managing Partner of Hirschmann Partnership, is right with this call. Brian’s firm is known as the “World’s Most Bearish Hedge Fund.”
Lynette Zang, Chief Market Analyst at ITM Trading, says that the Fed has been unable to hit its 2% inflation target but says, “The Fed is getting prepared because they expect to lose control of inflation soon.” The Fed plans to quietly introduce a cashless system with an 18 step plan early in 2021. This new system will enable the Fed to deposit money directly and will give them absolute control of their policies. This coming UBI stimulus scheme will be the fuel that starts hyperinflation fire since we are a consumer-driven economy; they have to get us to consume.
If you are feeling a bit low, you’d better not tune in to this one. Writer David Morgan is a bear at every level.
Analyst Nick Giambruno explains which assets are “hard assets” and so will fly when fiat is, as now, being debauched. There are key characteristics that make gold the best money, and other assets like silver and bitcoin share many of those features. Bitcoin fits this definition because it’s scarce, and its supply growth is similar to that of gold (gradually declining).
Once again we stumble across someone who makes Nigel Somerville look sane and balanced. Trader Steve Penny claims that “Commodities have never been so cheap relative to paper assets.” He argues that today is a generational wealth transfer opportunity. His macro thesis is that the national debt is mathematically impossible to repay. History has shown that politicians will always try to inflate away the debt.
Kevin Smith is the founder and CIO of asset manager Crescat Capital and warns that there are asset bubbles everywhere. He flags up the enormous credit bubbles that exist in China and Hong Kong. These credit bubbles have resulted in housing bubbles with a very similar signature to the last housing bubble in the United States.
Economist David Rosenberg says that flattened yield curves are promoting liquidity issues, credit supply has been contracting, and the velocity of money is also declining. So, he argues, if money velocity stabilizes, we’re going to get a lot more inflation, and perhaps that is what gold is trying to signal.
Jordan Roy-Byrne, the only chartist we take seriously, predicted the recent correction in gold. What next?
Michael Pento President and Founder of Pento Portfolio Strategies does not mince his words. He says that “We see now a rebound in the virus, the closing of the economies, and a fiscal cliff that is going to be absolutely devastating… The cliff is coming because you can’t print trillions of dollars and borrow trillions every few months. No economy in the history of planet earth has ever been able to do that without destroying its currency and bond market. I don’t think the US will be any different.”
Legendary commentator Marc Faber does not mince his words. Whatever is being done to pump the stockmarket, the real economy has been crushed and will not bounce back. He states: “The economy is currently in a dead-cat bounce and that peak economic levels seen in 2018-2019 will not come back for a long-time… and by a long-time… years.”
And you thought that our own Nigel Somerville was nutso. Meet macro strategist David Hunter. Hmm, now what are my shares in Ariana (AAU) & Xtract Resources (XTR)worth on a DCF basis with gold at $10,000 oz? I am only kidding; this is quite literally insane.
Jordan Roy Byrne is the only chartist we take seriously and he has a warning for you all. Jordan thinks a correction is coming. GDX & GDXJ hit major resistance levels and breadth indicators are extremely overbought. We highlight support levels in Gold & Silver. All is explained in the latest podcast from Palisade Capital.
Trader David Kranzler, of Investment Research Dynamics, argues that the dollar index doesn’t explain the recent move up in gold and particularly silver. While the dollar has room to move quite a bit lower, the world still has a solid need for dollars. The excessive money printing could put a lot of pressure on the dollar, and the recent move in gold could be due to investors anticipating such a drop.
Asset Manager Lawrence Lepard says, “What politicians and bankers are doing today is absolutely criminal. When they play with the value of money, they are playing with fire, and that can destroy a society. Having gold is a very good way of preserving your wealth, and in a year or two, investors in gold are going to look far from crazy.”
And you thought that our own Nigel Somerville, residing in a Montana log cabin with 1200 cans of baked beans, a shotgun and stacks of physical buried in the woods was nutso? Nope, Nigel is one of the most cautious members of the gold bug community.
Meteorologist turned chartist Kevin Wadsworth discusses the gold-silver ratio and why he expects a further decline after the recent highs. Silver has been outperforming gold.
Analyst Jeff Clark warns us all that investors should be sceptical of mining companies’ claims because they will always place their best foot forward. Ha ha! I guess he has heard all about AIM.
Fund Manager Frank Holmes argues that the fifty and two hundred day moving averages act as essential signals for big institutional money. When these signals cross, they start to notice since they prefer to having the wind in their sails.
Asset manager Patrick Karim uses technical analysis and , at $18.50, is massively excited about silver.
Fund manager Mark Magarian was bullish on the gold market before the crisis began since they were expecting some action by the Fed. However, the pace of the Fed’s efforts has been vast and rapid and thus, he says, he would be absolutely shocked if we don’t see $2000 for gold soon.
Everyone says silver is a better bet than gold but everyone is wrong says author Mickey Fulp. He regards as "crazy" some equity valuations that have developed and what he coins “Market Covidicy.” He cautions that if gold or silver were to suddenly head multiples higher, you would probably want to have a bug-out bag by the door and a survival bunker nearby.
Fund manager Keith Watson works with my old pal Malcolm Burne at Golden Prospect Precious Metals (GPM) and so can't be a total fool. He argues that the broader commodity sector is at an extreme discount to general equity markets.
Asset manager Brent Johnson of Santiago Capital is the man behind the “Dollar Milkshake Theory.” The name for this theory comes from the concept of extracting oil from a neighboring property by “drilling” a longer straw. Brent argues that the United States has this magic straw and regularly uses it to suck up the world’s capital. His theory’s controversial idea is that US equities are going to go to all-time highs along with a stronger US dollar at the expense of most foreign currencies.
And now for someone who makes our own in-house gold bug, Nigel Somerville, seem almost balanced and sane. Ronald-Peter Stöeferle is a fund manager and starts by discussing his firm's (Incrementum) recently released annual report, “In Gold we Trust.” It believes we are at the beginning of a golden decade, and the report goes over many aspects of the gold market. This year is also highlights bitcoin and have a special chapter dedicated to silver.
Chris Vermeulen looks at the current market conditions and sees a trend change coming as precious metals, miners, and bonds are all showing positive patterns. He argues thatb sentiment is reaching new highs, and a lot of leverage is being deployed in the markets.
Veteran analyst Michael Oliver started his career back in the mid-70s when gold was re-legalized. Instead of focusing on price, he looks at long-term trends, which is important because price being based in fiat can be misleading. He says, “Today, we are in the hyper-space of money printing.” Using price can be compared to building a house with a yard-stick that changes in length. Their focus is on the longer-term and not the day to day, they look for structure rather than short moves in momentum.
Writer Chris Temple expects a big uranium rally as many things are happening with uranium behind the scenes. Past policies have hindered the US standing in the uranium industry, and, Chris says, that President Trump is now attempting to correct those policies. The coming supply changes could be opportunities for prudent investors.
Investor Chris Temple argues that in the late 70s and early 80s, the dollar was inversely correlated with gold, and the markets reflected the real economy. Today, everything is inverted, but a lot of investors and experts still have the old out-of-date mindset.
Mining entrepreneur Ravi Snood argues that valuations of companies can reach heights where there is little remaining upside. He says that today’s markets don’t bode well for most stocks, and plausible growth scenarios are doubtful from here.
Writer David Skarica feels that the markets are plateauing at this level and will roll-over later this summer when people realize that the return to normal is anything but normal. David makes comparisons with today’s charts to Japan in the 90s.
Trader Chris Vermeulen is expecting another market correction since the fundamentals for the market have only worsened. Small investors have been piling in while smart money has been exiting. He warns that “The average person is going to get completely slaughtered.” But he is bullish on silver, as it seems primed for a move higher.
Bullion dealer Mark O'Byrne starts his thesis with economics. He outlines the differences between bail-outs and bail-ins and why he thinks bail-ins are less likely to occur. It seems that governments are planning on inflating their issues away instead.
Fund manager Mark Yusko argues that we have the highest amount of leverage at all levels today, which is very similar to 1929. The 1929 crash was terrible, with markets falling 47%, then rallied back and then collapsed again. America today has an addiction problem, and that addiction is debt. Debt has to be defaulted on or inflated away, which is the path they choose in the 1930s.
Analyst and entrepreneur EB Tucker says, “This is the last chance that people have to move assets… in what we are learning is a completely controlled economy.” We have moved from a cyclical economy where recessions clean out the undergrowth to a warped crisis economy where politicians and banks determine who and what survives.
Investment analyst David Hunter of Contrarian Macro Advisors has views that are controversial and not in any way mainstream. In terms of shares in general, David expects a rebound this summer and fall followed by another pull-back in the market. The market should rally for a few more years due to massive money printing by the Fed and central banks.
You think the marketr meltdown of the past six weeks has been bad. You ain't seen nothing yet! that is the belief of analyst Michael Pento who is Michael is convinced that we are heading into “The Greater Depression” as the world is awash in 17 trillion dollars in negative-yielding debt. He says, “We are no longer living in reality; this is a fantasy created by massive monetization of debt from central banks.”
Financial writer David Skarica discusses the economy and why many companies are mostly built on quicksand and debt. Excessive borrowing and inflated valuations have created additional risks. Companies have spent much of their earnings on stock buybacks which have made many companies vulnerable in a downturn. Everyone has borrowed and many are over-leveraged and now we see the hidden consequences of all that borrowing.
Jordan is the only technical analyst we take at all seriously but this call from the guru at Palisade Capital is surely a tad extreme?
Jordan Roy-Byrne is, as you know, the only Technical Analyst with an IQ into three digit territory and as such we do listen to his words. In his latest video update for Palisade Capital on gold and precioyus metals, he sees every reason to be ever more bullish. This is for Nigel Somerville. Enjoy.
Investor Lawrence Lepard claims that people are gradually waking up to what is happening. Governments can’t create credit forever without consequence, and we are now witnessing the end of that system. In the space of only six weeks, we have seen stunning moves and government actions. Eventually, people will consider currency to be an inadequate means of storing wealth.
Newsletter editor David Skarica talks a lot of sense in the latest podcast from Palisade Capital. He starts by comparing Covid 19 to the Spanish flu pandemic of 1918 and discusses why it was under-reported.
Analyst John Roque argues that any important move in an asset class should have a long-base setup. Gold has built up an impressive base over several years, and this strongly suggests that it can push past its 2011 highs.
Rick Rule is the head honcho at Sprott, the world's best known resource investor so knows his onions. He argues that the current pattern for gold, one of climbing the wall of fear, and then slowly lurching higher and backfilling is an excellent sign for this market.
Analyst Ronald-Peter Stöeferle looks back at gold’s performance during 2019 and discusses how it operates as a seventh sense in the market. Gold is revealing issues and projecting an increase in recessionary and inflationary concerns. Both of these topics are quickly becoming contrarian perspectives as the Economist magazine recently noted in their Special Report that “We have reached the end of inflation.” Sentiment for gold remains negative despite gold reaching all-time highs against fifty currencies. All of this is indicating that we are still at the start of the bull market.
Analyst David Hunter says that he is one of the more bullish analysts on the street for gold. Gold reached $1560 this year and is nearly finished a consolidation phase. A further rally could happen soon, and he has raised his targets for gold to $1800 and $26 for silver.