Joshua is here as I record from Athens which tempers my language. I discuss our travel experience and then it is onto Tern (TERN), Hydrogen Utopia (HUI) and the scandal at Ashington innovations (ASHI), where the FCA must surely wade in. Finally I apologise on behalf of Darren, the latest video is working now HERE
I am back with these bonus video shows. I am still re-adjusting myself to Zoom so if my face looks a bit funny in part 4 there is a reason. In this show I interview Stuart Ashman of Skinbiotherapeutics (SBTX), dissect that interview myself and then ask if Ocado (OCDO) really is the Number 1 FTSE 100 short or one for the bears to dodge. I hope you enjoy the show.
I am back with these bonus video shows. I am still re-adjusting myself to zoom so if my face looks a bit funny in part 2 there is a reason. In this show I interview Steen Anderson of Probiotix (PBX) and resources expert Gary Newman with long and short ideas. I also comment on ITV, Canadian Overseas (COPL) and a few macro matters. I hope you enjoy the show.
I discuss GroupThink on Bulletin Boards as the word Shareprophets is banned on the LSE Asylum, the AIM awards and the corruption of the sewer and Kefi Gold & Copper (KEFI). Also an update on the Skinbiotherapeutics (SBTX) video.
Gold bug, author and investor Alasdair Macleod believes that the US dollar is heading towards a major financial crisis due to its unsustainable debt trap, contraction of bank credit and rising interest rates. What a cheery fellow.
I am back with these bonus video shows. I am still re-adjusting myself to zoom so if my face looks a bit funny there is a reason. In this show I interview Steve O'Hara of Optibiotix (OPTI) and short seller Lucian Miers on 4 short ideas. I also comment on Versarien and the inevitability of Neill Ricketts dumping his shares. I hope you enjoy the show.
Gold bug and Vietnam vet Bob Moriarty talks an awful lot of sense. That is he says the sort of things which would have my Mrs and Euroloon Jonathan Price, both great folks, spitting out their cornflakes.
I start with a housekeeping announcement on the Probiotix video before turning to the woke economics lunacy that is Woman's Hour. Then it is onto Chill Brands (CHLL), could it be another Dev Clever (DEV)?, Canadian Overseas Petroleum (COPL), Versarien (VRS) and finally Avacta (AVCT), is it trying to do another placing and the other reasons why its shares are such a strong sell.
Writer Francis Hunt, the founder of The Market Sniper talks about why inflation has not been “cured” yet; it looks better only because it is being compared to previous numbers and basing effects. He says that year-on-year effects have decreased, but the consumer is still taking a hit. He argues that the declining dollar and prices is an indication that US inflation will likely surge soon.
Nick Giambruno, founder of The Financial Underground and Editor-in-Chief of the Contra Speculator is the sort of conspiracy theorist I like my wife to listen to in order that she realises how moderate and mainstream I really am.
Analyst Michael Singleton explains his approach to the financial markets and business cycles, which are broken down into growth cycle, inflation cycle, and policy cycle. He believes the current inflationary picture is near its end but wage growth is still high. Mike says that the stock market has the highest correlation to the ISM manufacturing PMI, and that it’s important to pay attention to market history and study cycles for guidance.
Asset manager Lawrence Lepard of Equity Management Associates is another cheery fellow, viewing the world economy as a construct where the rivets holding it together are continuing to snap. He says that we have had a number of bank failures in a matter of weeks, part of a larger pattern going back years and we are seeing large commercial mortgage failures and companies walking away. Lawrence believes more pain is yet to come in the banking sector, with one to two trillion in write downs. He says that the Fed is likely to intervene once again, and something is likely to break soon
Asset manager Hugh Hendry bet heavily on the Icelandic crash way before anyone else. His macro calls can be stunning and he is highly articulate as well as contrarian and switched on. He is always worth listening too.
Author and analyst Rafi Farber is an economist who is pf the Austrian School so his observations on money printing should not be that surprising, even if his conclusion is a bold one. He speaks as the debt ceiling issue hits the headlines. Again.
Asset manager Egon von Greyerz, of Matterhorn Asset Management AG kicks off with the debt ceiling in the US and explains how it is a farce, and a regular show every time it’s reached. It’s been raised over a hundred times and every time, it’s nothing but a political posturing. This is only going to lead to the debt being increased exponentially. In fact, since Reagan, the U.S. debt has doubled every eight years, and by 2025, it is projected to reach around $40 trillion.
Writer Jesse Felder says that Federal Reserve policy aimed to create a wealth effect through printing money, has only generated bubbles and the illusion of growth. He goes on to explain that the more money a country prints, the less attractive that currency becomes to other countries. Please take note, the entire UK political class.
Economist and Wealth Advisor Jonathan Davis believes that we could be repeating the 2008 banking crisis. He says that central bankers make incorrect statements about the future and have their own agendas often connected to politics and that the Fed is surrounded by incapable academics and often behind the curve.
When we get there sell all your gold shares but we are nowhere near that now, says Jeff Clark, author of anew book "PayDirt". He started outlining the book during Covid, with the goal of making it entertaining and engaging, yet simple and straightforward. Sixteen other experts from the industry also contributed to the book.
Author Adrian Day starts by discussing the lag in economic consequences as a result of rate hikes and changes in monetary policy. Adrian notes that the impacts vary depending on market sector, and that the overall economic effect has yet to be felt.
Of course as a bullion dealer, James Anderson of SD Bullion to the show is talking his own book. But maybe he is right? James discusses the recent surge in gold demand due to problems in the banking system, with some depositors buying up gold out of concern. He says his firm has seen record volume which has prompted it to place temporary minimum order limits, as it is difficult to increase staffing levels to meet this sudden demand.
Gold bugs will enjoy this podcast. Writer Robert Moriarty explains where the money is really coming from to bail out the recent failures in the banking system, noting that the $200 billion figure has ballooned to $2 trillion. Bob says that the Federal Reserve has effectively committed to printing $2 trillion in a week, which is unprecedented.
Chris Irons is a podcaster whose language is worse than mine. His Quoth the Raven podcasts are spikey but he is usually correct. Irons says he is surprised by the lack of fear in the markets, which, he says, is questionable considering the current circumstances.
I start with a few thoughts on getting old as Olaf suffers her last ever Oxford tutorial. Then it is onto SVB, an apology to Euro loon Jonathan Price – let this be the last – and a few words on Aferian (AFRN). Then, after today's ouzo moment as the fuzz arrest a fraudster whose company I have exposed, onto the disaster that is Tungsten West (TUN). This company was IPO'd by the Monkey and VSA to monetize and asset first discovered in 1867 and which has flopped more times since 1916 than Monk might care to admit. I discuss its financial woes, VSA’s research coverage and bring you a video featuring Monk dressed as a road builder and celebrating the endorsement of Liz Truss. It is excruciating. Then I cover Ariana Resources (AAU), Condor Gold (CNR) and Chesterfield Resources (CHF) and how some disposals are just so misleading.
Money manager Bob Elliot analyses the current economic situation, the role of debt cycles, and the trade-offs between a fiat monetary system and a commodity-based system. He note that productivity is the main driver of growth over the long term, and that debt cycles have been used to make up for declining productivity. He explained the risks associated with governments borrowing to make up for productivity declines and noted that wage growth is maintaining nominal spending at a higher level.
Money manager Peter Grandich has a message that our own Nigel Somerville will be delighted to hear. Peter discusses the potential for this gold bull market and why it’s likely extraordinary. He says that Central Banks are buying at record levels, and many of those buying are doing it for safety reasons. He says that you should not bet against the Fed and don’t bet against central banks when it comes to gold and hence mining shares have yet to reflect what is happening, and are, arguably, as cheap as they can get regarding the price of gold.
Author and analyst David Murrin discusses the role of commodities in the conflicts of the world and how governments should move towards a hybrid market command system in order to secure essential resources and protect their economies.
Global forecaster and author David Murrin says that the road to war is peppered with polarization. Murrin explains that the human strategy for survival is through social structures, and that wars between a weaker system and a rising system are necessary to create a better outcome. He also explains that war is regulated by the Kondratiev cycle which takes place every 56 years.
Matt Piepenburg is the sort of conspiracy theorist who will appeal to some of you. The author and asset manager discusses the Great Reset proposed by Klaus Schwab, and how it is a symptom of a broken and debt-soaked developed economy. Matt believes Schwab is an opportunist taking advantage of the COVID crisis, and his idea of ‘stakeholder capitalism’ is actually extreme centralization. This, Matt says, has never worked in history and has led to an addiction to debt, which has been weaponized by pharmaceutical companies, science, the media, political parties, and regulatory bodies.
Author and investor Don Durrett might be termed as a bit more of a conspiracy theorist than even our own Nigel Somerville He reckons that the financial media and government tend to release bullish information which is inaccurate and misleading.
Writer Craig Hemke, founder of TF Metals Report, says he expected a macro dip in 2022 but anticipated a faster recovery to a higher level than what transpired. The Fed hiked more than most expected as inflation got ahead of it, and the extent of the damage remains unknown.
Eldur Olafsson of Amaroq (AMRQ) thinks I am a member of the British establishment. I explain why I am not. No doubt Sir Arthur Cochrane would view me as he viewed his daughter, my grandmother, as a "traitor to our class" But I am. and explain why with reference to Eldur's company. Then it is onto Zak Mir and the Okyo (OKYO) scandal. Your link to his video is HERE. And the photo below is of Zak himself relaxing today at the Carlton Club. That is the establishment today which makes me so hostile to it all and determined to be a simple goat farmer. Then I answer a, rather unfair, question on Yourgene (YGEN) before looking at Argo Blockchain (ARB) and Angle (AGL)
There are folks who think that inflation can be cured without pain. Those are the same folks who urged record money printing during the scamdemic. That is what caused inflation not, as they claim, President Putin. Writer Jesse Felder puts them straight.
Asset manager Michael Gayed discusses how insane this year has been and how this is the only year in history where treasuries have lost more money than stocks. The only period it can be compared with is 1931. We’re in very abnormal territory. 1931 was a pretty terrible time too, yet too many folks think this is business as usual.
Francis Hunt, Founder of “The Market Sniper” Francis, discusses how demand for physical metal appears to be increasing significantly in the United Kingdom. He says that a lot of interest is coming from those in the financial industry and some of those customers have expressed concerns about their employer’s stability. He says that self-directed pensions in the U.K. are also seeing a move away from equities and into custodial backed physical metals.
Author and political risk analyst Larry McDonald says that he is concerned about the impacts of rate hikes in Japan and around the world. Central banks are very nervous because they can’t assess the damage inflicted by their policies for many months.
Vietnam veteran and author Robert Moriarty says, “I’m an equal opportunity anarchist, I despise all governments equally. They’re all stupid and are doing these incredibly short-sighted things.” What a star!
Asset manager Tavi Costa believes that we are witnessing an unprecedented economic environment, one with massive withdrawal of liquidity from central banks and developed economies. He says that interest rates and bonds are collapsing across the entire curve and that the dollar’s move up has also been relentless. What is occurring is unsustainable. Tavi discusses how the world’s economies have fallen into three different categories.
Ronald-Peter Stoerferle, author of the "In Gold We Trust" reports is a cheery fellow. He believes that recession concerns will be the focus in the United States instead of inflation. This may provide the Fed some leeway as the public will be distracted by the economy. Europe will be more concerned with sticky inflation issues as energy problems continue. He says that Europe is definitely in a recession, and it’s quite likely the United States is now as well.
If you want cheering up don't watch this. Kevin Wadsworth has a background in assessing systemic risks. He believes there are serious risks of systemic failure, particularly in Europe. U.S. government debt is in a parabolic rise, and the maths is starting to no longer add up. He warns that the cracks are forming in the foundations of the global central banking system.
David Haggith, the publisher of “The Great Recession Blog” is a cheery fellow. He started his website twelve years ago, shortly after the housing bubble. He invented the term the epocalypse, which stands for ‘economic apocalypse’ that will be epic in scope. You could also call it the second great depression. He says, “For the last two years I’ve been extremely accurate.” The corona crisis brought massive amounts of money printing. The Fed can no longer print enough to support the equity markets. We’re going to have plenty of economic breakdowns and damage. It’s hard for people to grasp the rate of change that is occurring.
Gold asset manager Jaime Carrasco of Canaccord Genuity reckons that for gold bulls like him the goood rimes really are abnout to start soon as the world goes to hell in a hand cart. Jaime says, “I’ve been preparing for this storm for a long time, and it’s here. I don’t think we can hide from the global volatility. In 2008, they bailed out the banks, but now the question is who will bail out the governments."
I am not sure that I agree with this, certainly from a UK perspective I really do disagree as I note HERE. But Larry Williams has been trading for 60 years so experience is on his side not mine. Larry discusses how bad news sells and everyone has a cognitive bearish bias. If you focus on the bad too much, then reality gets in your way. We saw capitulation in this market back in June. This is typically an excellent point to enter markets.
Book author J.E.S argues that folks do not understand in any way how inflation is going to impoverish them. I agree/ All those who yakked on about Modern Monetary Theory two years ago, from Paul Mason through most of the BBC to Zak Mir, and urged even more money printing, should be on trial for financial crimes against humanity.
I contacted the FCA yesterday asking how on earth it signed off on the prospectus for Standard Listed Zamaz (ZAMZ) last week. As a recap, colourful Dominic White of the fraud Supply@ME Capital (SYME) infamy will make a guaranteed Bernie on day one and for sub £100,000 gets to own 41% of the equity. There is sod all free float. The IPO valued this crock at £77 million but it is in reality worth net cash raised (£2 million) and £125,000 for the underlying business (max) as I explained HERE.
Let us be clear. When I said that Staurt Ashman said that month on month sales doubled in both July and August I said so because the bearded loon said so in an email to me. For him to backtrack as he does in this interview and suggest that "Mr Angry" is a bit confused, therefore makes me a bit more er....angry. If you have an hour of your life to spare, enjoy.
This will be music to the ears of Nigel Somerville. Alasdair Macleod predicts that the world is going to hell in a hand cart within months and that we should all buy gold as a result. But then, asd the Head of Research for GoldMoney, this has been his message for a while.
Analyst and writer Kevin Muir says that investors seem to be having problems understanding the current economy and inflation: those in charge are arguing that this past month had no inflation. The reality is that month over month figures may be indicating that inflation has peaked. Kevin says that this may cause the Fed may to be less hawkish than most investors are expecting.
The only financial podcaster who swears as much as me ( perhaps more) and is almost as outspoken as me is Chris Irons, aka Quoth the Raven. In his latest podcast with Palisade Capital he does not hold back.
Writer, Robert Moriarty, is a cheerful bear. He discusses the capital destruction that has occurred within both the cryptocurrency and stock markets. He believes crypto is analogous to beanie babies, due to the number of different currencies.
Author David Hay is plugging a new book, “Bubble 3.0” which is a warning about the problems inherent in the financial system. He says that the Fed is the main culprit for bubble creation, and such bubbles always get wrecked. The Fed has kept rates at great depression levels despite reasonable economic activity and that, Hay argues, is plain daft.
Jaime Carrasco predicted inflation, as the marginal usefulness of excessive debt declined. There is plenty of evidence that a currency reset is coming; Governments' taking on the debts of banks proved this. Global trade patterns are rapidly shifting, and gold is part of that equation.
LinkedIn is owned by Microsoft so will not go bust and is not shortable. But the video of a day of work for a 22 year old employee would, in a listed company, make bears salivate. No doubt this bird earns way more than me with her zero years real life experience post her liberal arts degree. But just how does she contribute to the top or bottom line? I sense that all to many new economy companies are run this way, sustained by bull market easy money. I have seen this before in the dotcom boom.
The Eco loons vs Lyin' Steve Sanderson and Uk Oil & Gas (UKOG), it is hard to know which team to cheer for. You kind of want both to lose. The protestors at yesterday's AGM seem to think banners are more efffective if upside down. As the burly UK staffer tries to remove a prostesting bird he is desparate not to use his hands less she screams #MeToo. How entertaining.
Investment analyst, Ted Oakley of Oxbow Advisors, believes that in order to mitigate inflationary pressures, the Fed will push us into a recession. He explains how rising rates affect the economy, slowing the housing market. In addition, consumers are cutting back on expenses, and many will lose jobs as the economy contracts.
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.
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 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.
Biy do I like economist Steve Hanke. He concludes this interview with a claim that 95% of what appears in the Mainstream Media is wrong or irrelevant. As I work on my next Ukraine podcast, how right the good Professor is.
Macroeconomist, Henrik Zeberg, warns there is a blow-off top coming, which will unfold over mid-summer. This will be followed by a deflationary bust, taking everything down. Then, we’re going to see devastating stagflation.
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.
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.
Okay, these videos are a little nerdy. But they make the point that, while musicMagpie (MMAG) may bang on about its great reputation and oh-so-clever IT systems, it does piss off a lot of its customers. Many contacted this blogger after he claimed Magpie had used its T&Cs to steal from him. In the end, this will only hasten its inevitable demise.
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.
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.
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.
Even by the standards of other paid for interviewers, Proactive’s Katie Pilbeam is in a class of her own, making Juston the Clown seem like Jeremy Paxman on Steroids.This week she met up with Harry Adams of Kefi (KEFI) where I am a loyal shareholder and expect great things. But , suffice to say, Harry was not exactly sweating like Prince Andrew as he dealt with Katie’s quizzing. Enjoy.
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, 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.
Chris Rutherglen is a chartist so feel free to ignore everything he says but just to keep Nigel happy out there in freezing Montana at the log cabin with only the Unabomber on the next mountain to chat to …
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!
Nigel worships the ground on which Jordan Roy Byrne walks. But to me he is just another chartist. Nuff said. If only to humour Nigel, I bring you Jordan’s latest shout. Gold at $3,000. That would be nice but I am not betting the ranch on it. Nor should you Nigel.
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.
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.
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.
Oops. this is the man gold mega bull Nigel Somerville always defers to, Jordan Roy Byrne and for gold bugs his warning is bleak. The yellow metal ain’t going anywhere fast and indeed could go lower until Spring 2022. Ouch Nigel….time to move back from Montana, sell the beans and gold and buy some meme stocks? Over to you Nigel to respond. Meanwhile here is Jordan…
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.
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.
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.
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.
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.
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.
The proper way to respond to the Boatman dossier was via RNS but that needs regulatory sign off so the fellow who dumped millions of dollars worth of shares at 243p just a couple of weeks before Argo Blockchain (ARB) did a major placing at 200p recorded a video which you can see below. He covers the “report” but does not name it just in case folks actually are encouraged to go read it. It is a poor rebuttal.
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.
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.
Ron Paul for President! Sadly he never made it past the Republican Primaries. America is not ready for a honest, sound money libertarian yet. But the good doctor is still my hero. In this new video, Dr Paul discusses the need to reduce the size and scope of government. He argues that people today rely on the government too much, and politicians can’t resist taking advantage of this dependence. It’s like an addiction, and stopping it is a problem. The plunge protection team has done a miraculous job of propping up the market. But, unfortunately, Paul argues, the dollar will continue to decline, and inflation will result in the prices of everything going up.