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Podcast 🎧http://bit.ly/1RY73DN Silver and Gold had a mixed week.
The spot price of gold is finishing just over $1320 per troy ounce.
Which the silver spot price is closing at $15.84 oz in Fiat Federal Reserve note terms.
This week, we have a returning guest, Legendary investor and commodity expert, Jim Rogers joins us from Singapore.
Learn what Jim thinks about our potential negative interest rate future ahead, what he will do if gold and the US dollar decouple with out a major pullback in the medium to short-term.
And finally we cover some personal news about Jim’s two young daughters who are rising stars in China. Stick around for the clips at the end of the show to see footage of Jim on his motorcycle tour through China in the 1980s as well as hear from 2 of his greatest investments to date.
Bullion deals – http://bit.ly/2E1f5gc
Podcast – http://bit.ly/1RY73DN Welcome to this week’s Metals & Markets Wrap. I am your host James Anderson of SD Bullion. With us this week, a new guest….
He is Daniel Oliver Jr., Managing Member of Myrmikan Capital.
One who give us a longer, deeper understanding over the weakening 3 pillars for the Federal Reserve note’s ongoing and future values.
Silver and gold are having a sideways to slightly down week.
The spot silver price appears to be closing with a slight rally, yet most likely will close just below the $16 oz price level.
The price of gold in the over the counter COMEX dominated spot market is likely to finish near the $1,315 oz level in fiat US dollar terms.
Of mention many times on this podcast, the physically tight palladium bullion market continues to exert upward pressure on the palladium spot price. This week we are likely to close right around the $1,400 dollar per troy ounce print, another all time nominal price record in US dollar terms.
“More people are thinking just like you are right now. You just don’t know it,” Chris Martenson tells Silver Doctors.
We’re seeing collapse in the “three E’s”: economy, environment, and energy. Martenson says these collapses are processes not events, and that these changes are happening now.
Regarding the environment, he shares how insects is disappearing. “One does not simply remove the bottom of the food pyramid without eventual consequences.”
Martenson asks, “What kind of world are we leaving behind?” Changing the way we live impacts not only us, but generations after. He shares how to not only thrive in tough times, but to transform the world for the better. He shares how to build a community of likeminded individuals to take this journey with you. View on YouTube
We’re in the first inning of the next gold move, and it is market moves like this, fortunes can be made, director of Metalla Royalty E. B. Tucker says.
He thinks the Tech boom is over. He thinks some people will pull money from that sector and put it into precious metals. Gold will once again be seen as a safe-haven, something that hasn’t happened in many years. He is calling for $1,500 gold in 2019.
Silver is more volatile and has more potential to the upside. The current 80/1 gold/silver ratio is not normal and should decline.
Should people invest in physical metal or the mining stocks? It depends on investors intentions. Tucker says mining stocks are for speculation while bullion is a sound asset. View on YouTube
Tucker thinks the Tech boom is over. He thinks some people will pull money from that sector and put it into precious metals. Gold will once again be seen as a safe-haven, something that hasn’t happened in many years.
Silver is more volatile and has more potential to the upside. The current 80/1 gold/silver ratio is not normal and should decline.
Should people invest in physical metal or the mining stocks? It depends on investors intentions. Tucker says mining stocks are for speculation while bullion is a sound asset. View on YouTube
Palladium recent hit an all time high. Rick Rule joins Silver Doctors to discuss how palladium has amazing upside potential still, and how a supply disruption could trigger a massive move higher. He also discusses possible downside potential.
Rule first discusses the gold mining sector. The recent Barrick/Randgold merger created the largest gold mining company in the world.
Also, Rule discusses the recent Newmont/Goldcorp merger. He says mergers often result in positive consequences such as eliminating duplicate overhead, lowering cost of capital, and allocating capital more optimally.
Precious metals have been on the rise. He says the price of gold is often inversely related to the strength of the U.S. Dollar. The recent rise of gold is a consequence of the lack of strength in the U.S. Dollar, he deduces. Furthermore, he says if the Fed stops rising rates or maybe even cutting them, gold could rise significantly. View on YouTube
Craig Hemke from TFMetalsReport believes the Fed will be cutting rates as early as fall.
IN THIS INTERVIEW:
The government is reopen after the latest shutdown made history as the longest ever. But if Trump and the Democrats can’t come together on immigration, the government could return to a shutdown mid-February.
Trump’s election boosted the economic outlook for many Americans, but now grid-lock will impact consumer confidence, Craig Hemke tells Silver Doctors. “Nothing’s going to happen going forward,” he says. “All that consumer confidence, all that business confidence…is going to fade.” As early as fall, he expects the Fed to start cutting rates in response to a slowing economy.
2019 will look a lot like 2010, Hemke says, and expects a stock market crisis and major moves in precious metal markets. In less than a year from 2010-2011, silver moved 150% higher. Hemke says it’s possible similar movements could happen. View on YouTube
The economy is already ripe for a recession, Matt from Silver Fortune says, and the government shutdown could push it over the edge.
IN THIS INTERVIEW:
We’re in the midst of the longest government shutdown in U.S. history. About 800,000 government workers are about to miss their second paycheck in a row. The economy is already ripe for a recession, Matt from Silver Fortune says, and this shutdown could push it over the edge.
Increased debt has made the economy unstable. “It’s as if you have a barrel of explosives.” A government shutdown or trade conflict, not major crisis in themselves, could be the spark to set off the explosion.
Matt ends with an update on precious metals. 2019 will not see a huge rise in prices, he projects. The Fed’s actions could be the next big catalyst for precious metals. View on YouTube
Silver and Gold rallied today and had positive finishes to this week.
The silver spot price is closing around $15.75 per troy ounce.
While the spot price of gold is finishing around $1,300 per ounce in fiat US dollar terms.
A bit of bad news, good news to begin.
My guest this week had an unforeseen issue come up, and was unable to make the phone call interview we had planned.
We do plan on speaking with this guest next week, and the main matter we will discuss is the building geo-political proxy war heating up in our own backyard here in the United States.
The stock market sold off after being extremely overvalued, says Fund Manager David Kranzler, but is still overvalued.
The stock market is bouncing, but not based on fundamental strength of the economy. The current volatility in the stock market is a sign of instability. Markets have further to fall, he says, so be wary of talk about a strong market.
Precious metals are on the rise, and Kranzler is hoping this trend to continue. In his opinion, there’s a good probability of an extended bull move that began in late 2008. He believes the minings stocks will lead the way and outperform. View on YouTube
Gold and silver ended the week slightly down as gold spot price closed at $1283 oz and the silver spot price finishing the week at $15.41 oz in US dollar terms.
This week’s returning guest is coming shortly. In our conversation we touch on the largest industry related news of late including the 2nd and 4th largest gold miner consolidation, what that may mean for the gold mining and supply side moving ahead.
Another billionaire has come out claiming to have recently bought gold. We’ll discuss if the man actually bought gold bullion or merely a synthetic derivative product.
Palladium price again hit a nominal new record price high this past week. We will touch on a recent South African gold, platinum, and palladium mining strike now underway. As well, we will discuss a shockingly tiny palladium warehouse inventory for one of the world’s major futures contract market brand names.
Welcome to this week’s Metals & Markets Wrap I am your host James Anderson at SD Bullion.
With us this week is a returning guest, the proprietor of the SmaulGld website, Mr. Louis Cammarosano.
1) Gold miner bulls getting excited about the Newmont GoldCorp consolidation… combined they output about 245 tonnes of gold per year total.
2) Sam Zell claiming he just bought Gold for the first time, of course no Bloomberg follow up on what vehicle he used. High chance he didn’t buy Gold Bullion but some synthetic derivative (e.g. IAU or GLD).
3) Another coming South African mine strike this time in Pd and Pt mines, one a large South African gold mine ongoing.
David Collum says stocks are 100% overvalued and will fall significantly.
There are many metastable situations in the economy that can’t survive for much longer. For instance, the stock market has the appearance of stability, but is just waiting to crash.
The hedge for a little inflation is usually stocks. The hedge for a lot of inflation is usually gold. If there is a loss of dominance for the Dollar, then gold will become relevant again.
U.S. government debt is growing to fast. “We are heading for an insolvable problem where the growth of what we owe is simply outstripping our ability to keep up.” View on YouTube
The financial situation right now is looking like before the Great Depression, says Alasdair MacLeod from GoldMoney.
MacLeod first updates us on Brexit. Is the UK going to do a hard Brexit, go for Theresa May’s proposal, or something else? He shares the positives and negatives of the possibilities.
MacLeod says the US is experiencing an asset price collapse, which looks similar to right before the Great Depression.
He shares the factors, such as seasonal buying and a weaker trend for the US dollar, creating a perfect storm for gold in 2019. View on YouTube
Silver and gold had sideways weeks with gold spot price threatening the $1300 oz spot price mark multiple times since our last Metals & Markets podcast.
Gold spot price is closing the week slightly up at $1290 per troy ounce in US dollars. While silver looks to be closing around $15.66 per troy ounce in USD.
In industry related news this week, the bankruptcy proceedings of Republic Metals Corporation continues as Reuters reported this week that the world’s largest gold refiner, Valcambi of Switzerland, put in a bid of $16 million Federal Reserve notes to acquire the now mothballed Miami, Florida 150,000 square foot precious metal refinery site.
I will leave a link to this week’s Silver Doctors coverage on the ongoing story in the show notes. If you visit that link, keep an eye out in the comments section for a short and tongue-in-cheek video, made by this week’s guest, in response to this ongoing fire sale of Republic Metals remaining assets.
If you have been using Youtube over the years to consume precious metal related content, chances are you know that there is a robust stacker community of Youtube channels covering everything from product unboxing videos, to sales offers, to market related coverage.
This week’s guest is one such Youtube channel operator. He goes by the moniker ‘Salivate Metal’ and his YT channel has been a good balanced source for precious metal related content over the last 5 years or so.
First Majestic Silver founder, CEO and President Keith Neumeyer thinks another gold and silver bull run is beginning now, one that will make the 2010-2012 run pale in comparison.
2008 eight was a liquidity crisis. It was a “sell everything” mentality. This time around, it is a different type of environment, says Neumeyer, where precious metals will be in a bull run going forward.
Neumeyer says there is too much debt in the system and a reset is inevitable. What will that look like? He says no one really knows. However, he thinks gold and silver are must own assets. View on YouTube
Host of Follow The Money radio show Jerry Robinson says if history is going to repeat itself, the next cryptocurrency bull market is coming.
Robinson says some cryptocurrencies have massive potential in the next ten years.
He first discusses precious metals. Robinson’s analysis shows gold is in a position uptrend. Silver also looks attractive. There is resistance around $1300 or $1310 for gold. We will have to wait and see whether it can break through that price range.
How can people balance their trading and investing when it comes to precious metals and cryptocurrencies? Robinson shares insight how to wrestle with this question. View on YouTube
Silver and gold had another strong showing this week.
Gold threatened with 1,300 US dollars per troy oz, with some profit taking had in derivative markets occurring today, the gold spot price is likely to close around the 1,287 oz mark.
Silver is rounding out this week at about $15.87 cents per troy ounce.
Of recent note on the show, palladium hit another record nominal price high today, eclipsing the $1305 US dollar per oz mark.
This week’s returning guest is coming up… he will be giving us some in depth analysis with accompanied price charts covering the short to medium term setups in not only gold, silver, but also the greater US equity markets.
If you’re simply listening to this podcast on your smartphone, be sure to check our youtube channel for the video version, in order to see some of the current setups ongoing in the financial markets we will discuss.
Following the worst year for stocks in a decade, Philip Kennedy sees a massive stock market decline in the next 18 months.
Kennedy thinks the stock market has hit a high and it’s down from here. When the crash occurs, he sees the Dow/gold ratio falling significantly. It’s about 20/1 right now. He says it could fall as low as 0.5/1.
While Bitcoin did not do well in 2018, it is still up 400% in the last two years. Kennedy sees Bitcoin rising in 2019. He explains why Bitcoin is the “hardest” money ever created, even harder than gold. He also discusses his views on other crypto-currencies.
Top silver expert David Morgan comments on the worst year for stocks since 2008. He sees a shift coming away from equities and into precious metals.
He sees 2019 being positive for gold and silver and sees even more momentum entering metals in 2020.
Morgan thinks the Fed will not have much room to cut interest rates if the economy enters a recession. However, they could use quantitative easing. But if the Fed were to increase the money supply, then that could threaten the U.S. dollar’s value.
Morgan suggests everyone be prepared for a crisis. Stay tuned to hear his preparedness insights! View on YouTube
Before this week’s interview starts, a quick warning to our listeners.
If you have never heard Chris Irons or his Quoth the Raven podcast, you may not know that he often uses colorful rated R language when he speaks about the financial markets.
Rather than fill this audio with a bunch of bleeps and language censorship, I have decided to simply let the audio play as was recorded. Do not listen to this podcast if you are offended by language you might hear in a Rated R film. Do not listen to this podcast aloud around children. Do listen to this podcast if adult language does not offend you, and you are interested in hearing someone explicitly speak about how they view financial markets currently.
Libertarian authors Dr. Richard M. Ebeling says the monetary system should be set free of government control.
Austrian economics proposes that the government should not be involved in the provision of the supplying of money. Ebeling, BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel in Charleston, South Carolina, says quantitative easing and low interest rates have caused distortions in the economy which could lead to a crisis ahead. View on YouTube
Welcome to this week’s Metals & Markets, I am your host James Anderson of SD Bullion.
Gold and silver showed strength this week as the Federal Reserve nudged the Fed funds rate 25 basis points higher and various equities in the US stock market reached bear market territory. Silver spot price appears to be closing the week around $14.70 oz, while gold spot price should close near the $1,260 US dollar per troy ounce mark.
With us this week is a returning guest to the podcast… topics discussed include the recent Fed funds rate increase, the recent rollover in major US stock values, what is in store for the US dollar and gold in the year to come. The US real estate market, and finally a micro level discussion on Elon Musk and Tesla.
Stick around for the end of the interview for little Friday humor as we close with a heavily edited recent interview between Elon Musk and HBO’s Axios program ( full, unedited HBO Axios interview here: https://youtu.be/4qUA3nNWyCg?t=50 ).
With us this week, a returning guest, Mr. Dave Kranzler of InvestmentResearchDynamics.com
A bit further background on Tesla in 2018 from early October:
Real estate expert Ben Jones says the 2008 Housing Bubble is still going on. If it is, we could see prices fall even lower than last time.
Speculation and over exuberance has reentered the real estate industry, he says and predicts a major correction ahead. “It’s popping right now.”
“You’re going to get foreclosers, you’re going to get a lot of them.” How will it compare to the last crash? “It could very well be worse than 2008.” View on YouTube