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For this week’s Metals & Market Wrap we speak with Criag Hemke of TFMetals Report about this summer’s devaluing Chinese Yuan and US dollar prices for Gold, Silver, Platinum, and other non-precious commodities.
Is it possible we are seeing the beginning phases of a Chinese Gold Yuan Peg?
Recently Craig wrote an article posted over at Silver Doctors’ website entitled, “The Yuan-Gold Peg and The COT Report”.
For this week’s Metals & Market Wrap we speak with Criag Hemke of TFMetals Report about this summer’s devaluing Chinese Yuan and US dollar prices for Gold, Silver, Platinum, and other non-precious commodities.
Is it possible we are seeing the beginning phases of a Chinese Gold Yuan Peg?
Recently Craig wrote an article posted over at Silver Doctors’ website entitled, “The Yuan-Gold Peg and The COT Report”. https://ift.tt/2n0Z68e View on YouTube
This week for Metals & Markets we speak with Jesse Felder of TheFelderReport.com on the financial markets, FANGs, baby boomers still owning 2 of 5 US homes, and precious metal markets.
As a long term value investor, Jesse has written and commented publicly over the past few years about what he believes is an undervalued gold market.
He sees this latest price pullback as an opportunity for those who missed out in the late 2015 Gold Price action (when gold bottomed around $1,050 oz USD) to get into gold bullion and proven gold mining equities.
Have a listen and a look at our discussion recorded at 11AM yesterday July 19, 2018 eastern standard time. View on YouTube
President of US Sprott Holdings Rick Rule expects commodity stocks to play “catch up.”
Many mergers and acquisitions in the mining business are coming, Rule predicts.
Rule says gold and silver have been weak largely because their denominated in the strengthening Dollar. But the Dollar strength has a good deal to do with the weakness of competing currencies and economies rather than actual strength of the U.S. economy.
However, long term, Rule is optimistic regarding the U.S. economy. View on YouTube
“We are in uncharted waters – probably the best fundamental time to be in the metals, and no one cares.” ~ Top silver expert David Morgan
1.5 billion ounces of silver demand is projected through 2030 in the green energy industry. David Morgan says this is an overestimate. Talk about green energy is largely “hype,” he says. However, he believes monetary demand will increase.
Currently, Morgan notes investment demand for physical silver has plummeted. This is at the same time when there is the most ever fiat currency in the world. “We are in uncharted waters – probably the best fundamental time to be in the metals, and no one cares.” View on YouTube
On this week’s Metals & Markets Wrap we host money manager Michael Pento of Pento Portfolio Strategies.
By late 2018, Michael believes we will see a watershed turn in the gold market.
“One of the ramifications that is almost assured to happen (as a result of the next global financial crisis), is that the faith in fiat currencies will be obliterated.”
This according to Michael is what will bring about heavy price inflations to come. View on YouTube
Inflation is officially nearly 3% right now. Alasdair MacLeod from GoldMoney says this high inflation is still an underestimate and real inflation is closer to 10%.
High inflation is causing a transfer of wealth and economic distortions. The Fed will have to raise interest rates eventually, he says.
MacLeod believes Trump is taking down the Deep State and seizing control of foreign policy.
Across the Atlantic, eight months are left till the UK leaves the European Union. MacLeod gives us an update regarding the political conflicts currently surrounding Brexit.
Lastly, MacLeod expresses concern for the EU as a whole. He says the EU is in a “state of decay.”
About the interviewer:
Journalist Elijah Johnson, Co-Host of SD Weekly Metals & Markets, vaulted onto the economic scene after launching his “Finance and Liberty” YouTube Channel, to which he’s been called “the 16 year-old smarter than Ben Bernanke”. As one of the youngest sound money advocates around, with a eye on the national debt, the US dollar, and the gold & silver markets, Elijah is on a mission to warn and educate his generation about the risks of the current financial system, and what people can do to protect themselves.
See Elijah’s interviews on the Silver Doctors YouTube Channel. Elijah’s Twitter is @finance_liberty. View on YouTube
What is going on with gold and silver? Cammarosano says they seem not to be able to break above their 200-day-moving-averages.
Trump’s policies may cause an economic boom, Cammarosano predicts. Will gold and silver rise when the economy is on the rise? Yes, he says, jewelry demand could keep gold and silver demand strong. View on YouTube
Hello and welcome to your week’s Metal & Markets update.
I am your host James Anderson of SD Bullion.
With us this week is Ronnie Stoeferle, author of the widely popular annual In Gold we Trust Report author of the bestselling book Austrian School for Investors.
You can download Ronnie’s In Gold We Trust report below:
Before we jump into this week’s interview, I want to give a quick update on where bullion spot are today Friday June 19th 2018 at 4 o’clock eastern time.
Spot prices for all metals have been dropping over the past few weeks and particularly in silver we are reaching a pretty significant resistance level of $16 to $15.50 an oz.
In the last 2 years this has occurred on three occasions, and price rebounds were fast. So just a heads up for those dollar cost averaging their stacks.
On to this week’s interview which was recorded at an hour I should never have to wake up at. Just kidding, 6AM eastern I spoke with Ronnie and you are about to hear and see it on Youtube.
Hello and welcome to another week’s Metals and Markets Wrap, I am your host James Anderson of SDBullion.com
With us this week is a new guest, Mr. Daniel March, a former Loco London trader of precious metals out of London. Mr. March is now in Thailand were he is set to discuss the precious metal markets with us today.
Daniel began as a precious metals analyst with JP Morgan in March 2008 after it took on Bear Sterns’ failed silver position and were there for nearly 3 years time. We discuss what that was like.
Then Daniel moved over to the Loco London side of the business. We ask him to explain to our listeners out there about the Loco London market.
Daniel is relatively new on Twitter but he has been rather active in discussing complexities like COMEX to London EFPs. We discuss this growing phenomenon and have hosted other experts on the matter like Craig Hemke at Silver Doctors:
Hello and welcome to this week’s Metals & Markets wrap. I am your host James Anderson filling is for Elijah Johnson. This week’s guest is coming up, but fist a short synopsis on the week for gold and silver prices.
Gold and silver saw healthy price rises from the start of the week. Especially during the Federal Reserve chairman, Jerome Powell’s press conference yesterday. Concerns over future price inflation and specifically the $1.9 trillion dollars still parked on bank balance sheets from the 2008 bailouts, and their possibly getting fractional reserve lent into the economy were a possible impetus as to why gold prices spiked during the discussion. Gold’s hit its week high price of $1,310 oz and silver briefly touched $17.30 an ounce on Thursday.
Both metals price momentums were short lived though, as of this morning a reported 260,000 COMEX gold futures contracts were sold in a 4 hour timeframe representing some $33 billion dollar dollars in notional value traded.
The US dollar index reached a 2018 high yesterday vs other long term debasing fiat currencies, yet it wasn’t until many hours later that waterfall defines in precious metal prices occurred.
Silver and gold futures trading volumes today will likely reach near the all time COMEX record levels witnessed the day President Trump was shockingly elected in November of 2016.
Finding a sensible reasons as to why this sell-off occurred today is unlikely. Most listeners including myself believe this to be yet another currency intervention and systematic buying of time.
Precious metal values remain relatively weak in relation to other overvalued asset classes.
Gold appears to be finishing the week at $1,280 oz with silver at $16.60 an ounce.
Moving along to our guest for the week, Mr. Josh Phair.
He is founder of the popular Scottsdale Mint in Arizona. Scottsdale is a world leading manufacturer and distributor of physical precious metals bullion bars, rounds, and legal tender coins we both buy and sell at here SD Bullion.
Josh Phair, founder of the popular Scottsdale Mint is our guest on this week’s program.
Questions covered included:
– How did you get into this business of privately striking bullion products?
– How about the downward price action in gold and silver today?
– What are the different manufacturing processes between manufacturing bullion bars vs coins and rounds?
– What are some of the headaches in your business?
– How long do typical dies last depending on the products?
– What is your long term vision for precious metals and the bullion industry in general?
We want to thank Josh for coming on the show this week.
For anyone watching on YouTube, click the link below to check out some of the Scottsdale Mint bullion products we currently carry here at SD Bullion.
There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony. It is perhaps too early to call what’s happening to the dollar the beginning of its demise as the world’s reserve currency, but there is certainly a move away from it in Asia. And every time the Americans deploy their control over global trade settlement as a weapon against the regimes they dislike, nations who are neutral observers take note and consider how to protect themselves, “just in case.”
That’s where we are now. Western elites cannot but worry when central banks in China, Russia, India and Turkey actively increase their physical gold stash; when Moscow and Beijing discuss launching a gold-backed currency system to replace the US dollar; when the IMF warns that the debt burden of the global economy has reached $237 trillion; when the Bank for International Settlements (BIS) warns that, on top of that there is also an ungraspable $750 trillion in additional debt outstanding in derivatives.
Hello and welcome to this weeks Metals and markets wrap. I am your host James Anderson of SD Bullion filling in for our regular host Elijah Johnson.
It is noon eastern, on Friday June 8th 2018.
Today’s returning guest is Alasdair Macleod of GoldMoney Research. Alasdair’s financial experience ranges from equity and bond markets, fund management, corporate finance and investment strategy.
Thanks for taking the time to hear Alasdair inform you and our audience on what his research and findings are related to the ongoing eastern Gold Bullion strategy and structural Monetary Reforms to come.
This week’s guest on SD Metals and Markets Wrap is Christopher Aaron who is dedicated to providing intelligent research and independent analysis of the precious metals and related markets.
– An introduction and a back ground of who David is.
– China, Russia, Iran… what is going on with the Petro Yuan oil trade and gold flows to the east? (even perhaps India?)
– We all understand that both the LBMA and COMEX are paper derivative price hangers, lets discuss who has most influence over the day to day price and how this game likely ends and perhaps unfolds.
– Palladium supply demand situation at the moment (Palladium Price)
– I have heard you mention in past interviews your disdain for watching day to day prices for precious metals set mostly by the COMEX and secondarily in London. What suggestion would you have for beaten down precious metal investors out there?
– The Chinese long gold bullion game started in 1979, still unfolding.
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Thanks for watching this week’s Silver Doctors Metals & Markets Wrap.
Please subscribe to our Youtube channel for more coming interviews. View on YouTube
With Bitcoin emerging as a “contra-asset,” are gold and silver obsolete? Philip Kennedy from Kennedy Financial tells Silver Doctors it would be hubris to say the days of gold and silver are over. He says gold and silver will increase in purchasing power during the next crisis.
With Bitcoin emerging as a “contra-asset,” are gold and silver obsolete? Kennedy says it would be hubris to say the days of gold and silver are over. He says gold and silver will increase in purchasing power during the next crisis.
But Bitcoin may prove to be extremely profitable, Kennedy says. He shares his perspective on the correct ratio of metals and cryptocurrencies in a portfolio. Bitcoin is “evolutionary,” meaning it will fundamentally change our way of life, he says.
The economy is fake, Kennedy says. While Trump says he wants to help the economy, all he’s done is prop up the stock market. View on YouTube
Louis Cammarosano tells Silver Doctors that gold will outperform silver this year.
Cammarosano says during a crisis, gold outperforms silver at first, then silver catches up. Therefore, until gold reaches $1400 or $1500, silver will stay quiet.
Will the Dollar collapse? Cammarosano says people are becoming satisfied with paper promises and the game can last longer than we think.
In the past, in crisis, people rush toward gold and silver. But because people are satisfied with paper promises, are we in uncharted territory? Yes, but only until people realize these paper assets are fragile. These assets are dependent on electricity and the Internet. If the electrical system or Internet go down, then people will be in for a rude awakening. View on YouTube
Precious metals are selling off today. Gold is dipping below $1300. But Craig Hemke from TFMetalsReport says the metals markets are about to rally. He sees a similar setup to 2010, before silver skyrocketed to nearly $50 and gold to over $1900.
As the world moves away from the Dollar, this will significantly decrease the demand for the Dollar and U.S. debt. Hemke says America is not prepared for this economically. View on YouTube
London analyst Alasdair MacLeod tells Silver Doctors the U.S. and U.K.’s trade policies are slowing their economies.
Brexit and Trump’s trade policies show that political leaders are not using comparative advantage to their economic benefit. If China can make some goods cheaper, MacLeod says it is in America’s best interest to buy these goods from China. Restrictions on trade hurt domestic consumers through higher prices.
China is not to blame for the U.S. trade deficit. The U.S.’s monetary and fiscal policies are the cause, MacLeod says. View on YouTube
Jesse Felder, formerly with Bear Sterns, joins Silver Doctors to sound the alarm we’re headed towards the “perfect storm for gold.”
“We’re in the midst of another central bank fuels asset bubble, speculative mania,” Felder says, “It’s the everything bubble.”
As the Fed engages in quantitative tightening, the effects will be the opposite of quantitative easing. Stocks will fall, Felder says.
Felder is bullish on gold, and gives insight into some mining stocks he thinks will outperform physical gold. Gold mining stocks are cheaper today compared to the spot price than in the early 2000s. View on YouTube
The current financial environment reminds Sprott’s John Embry of right before the 2008 and Dot-Com crises. This time, since the system is distorted even more with higher debt, the collapse will be “chaotic.”
The U.S. Dollar has rallied for the last few weeks. The metals have remained stable despite the Dollar rally. “If the Dollar is the world’s strongest currency, you can’t own enough gold and silver if you start looking into the fundamentals underlying the Dollar. If the Dollar’s strong, it says volumes about how terrible the rest of the world’s currencies are.”
John Embry’s price target for gold is $3000 minimum. He says the gold/silver ratio will fall to 20 to 15/1. With a current ratio of 80/1, that would mean gold should outperform silver by a factor of four.
How many more rate hikes can the system hold? If rates rise by a significant proportion, the system will implode. View on YouTube
Alasdair MacLeod tells Silver Doctors as gold moves higher, silver, being the poor man’s gold, will move like “greased lightning.”
MacLeod says hedge funds have shorted silver, leading to silver being extremely oversold.
It is only a matter of time until gold will break out above the $1360 resistance level. As gold moves higher, silver, being the poor man’s gold, will move like “greased lightning.”
As gold and silver rise, the U.S. Dollar will weaken. MacLeod says U.S. president Trump’s economic policies will also undermine the Dollar. View on YouTube
“We’re just seeing history repeat itself,” Mannarino says. “The markets run in cycles.”
“The last time we were in this same spot was 2008 just at the top of that bubble. The time prior to that was at the dot com bubble.”
The yield curve is flattening out, which is a sign we’re heading for another crash. Mannarino says money is going to head to other places, such as gold, silver, and cryptocurrencies.
Cryptocurrencies may be a bubble, however, Mannarino says there is great opportunity in the space if you time it right. His favorite cryptocurrencies are Ethereum, Bitcoin, and Litecoin. View on YouTube
Steve St. Angelo from the SRSRoccoReport joins Silver Doctors as gold and silver are selling off. He says geopolitical concerns are dying down, pushing metals down.
If we have a significant stock market selloff, gold and silver could fall further. However, we’re much closer to the metals’ lows than the stock market’s lows, St. Angelo says. Could gold fall as low as $1000? He says it’s possible, but highly improbable.
Gold and silver American Eagle sales are down significantly. And sentiment in the metals markets is extremely low. This low sentiment is a signal we’re close to a bottom. This low sentiment is coinciding with a high bullish sentiment in the stock market. A reversal is coming, he says. View on YouTube
Conspiracy Daily Update 