We’re in the everything bubble, enjoy the ride! It feels new to the newbies but for the rest of us it’s the same old, same old. We should have learned our lesson already, but we haven’t. Younger generations come around and have no sense of history or bubbles. It’s interesting and fun and frustrating.
Nick Amenta from TruthBlitzMedia joins SGT to discuss silver, gold and the crypto currency space. Nick has become something of an expert on the alt-coins and has helped many newbies obtain alt coins which are not available on Coinbase.com. If you’d like help with getting into the cryptos you can contact Nick directly at truthblitzcryptos@gmail.com
Here’s the link to SD Bullion if you’d like score some PHYSICAL silver or gold: http://ift.tt/2hR3FDj
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The content in my videos and on the SGTbull07 – SGTreport.com channel are provided for informational purposes only. Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence BEFORE making any significant investing decisions. SGTbull07 – SGTreport.com assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information. Thank you! View on YouTube
David Morgan, one of the thought leaders in our community, joined us for a look ahead at 2018 for precious metals. David’s got a company that pulls precious metals out of scrap and is poised to cash in. There’s more gold in a ton of scrap iPhones than you find in many mines. 2017 showed strength in gold, not so much in silver. David wouldn’t be surprised to see a high of $21 or more for silver in 2018. Peak years coming in 2020. Palladium was a major hit for the year going up 55%. Copper was up 30 percent and other base metals went even higher. And we’re probably just getting started in the next upswing. View on YouTube
Economist Jerry Robinson tells Silver Doctors the biggest moves in the crypto space are yet to come.
Robinson is cautiously bullish on the stock market, but the game could change at any time.
People should never mix trading or investing with politics, Robinson says. Regardless of what you think of President Trump, the fact is the stock market is in an uptrend, and investors should play the hand their dealt.
Robinson is also bullish on gold and cryptocurrencies. For gold, it first needs to break through $1,350 before it can make it’s big moves. He says more people will rush into the crypto space this year, and the biggest moves are yet to come.
Robinsons says, “When you see gold and cryptocurrencies simultaneously increasing at the same exact time, that is going to be extremely bearish for the U.S. dollar, because that is really a sign that people are opting-out.” View on YouTube
Sprott’s Rick Rule tells Silver Doctors if precious metals reverted to their three-decade mean as a percentage of total U.S. investments, demand would quadruple.
Almost every asset class has been rising. Over the last month, gold and silver have been playing “catchup,” Rule says.
The size of the precious metal market is tiny right now in comparison to other asset classes. Rule reveals that if precious metals reverted to their three-decade mean as a percentage of total U.S. investments, demand would quadruple.
U.S. Treasury Bonds are seen as one of the safest place to put money. However, Rule says inflation makes U.S. Treasuries depreciating assets. View on YouTube
Steve St. Angelo tells Silver Doctors global oil production will fall off a cliff, collapsing the markets and making people run for gold.
St. Angelo discusses how global debt is growing nearly three times as fast as global assets. “It’s taking a lot more money printing to keep the economy going forward,” St. Angelo says.
He notes energy consumption and economic growth are disconnecting. Wealth is growing, but energy consumption isn’t growing as fast. What accounts for the disconnect is debt. Debt has created a false sense of wealth.
To make things worse, St. Angelo sees global oil production falling off a cliff. If oil supply falls, the stock market will collapse, he predicts. However, gold and silver could have cryptocurrency-like gains. View on YouTube
According to John Rubino we are in uncharted territory so far as the stock markets’ valuations are concerned anyway. We’ve seen financial assets and real estate go way, way up. Now we are starting to see prices going up in energy and perhaps the rest of the commodity sector. This will invariably lead to higher consumer prices. And perhaps most importantly, interest rates are going up. We thought the yield curve would flatten, but now it seems to be steepening. Mortgage rates are back over 4%, first time in years. Rising rates mean more bank lending. Is this time going to follow the standard script? View on YouTube
Fund Manager David Kranzler tells Silver Doctors the economy is headed for collapse.
Gold and silver have risen for a month, and Kranzler says we are headed for a small pullback. Gold may fall as low as $1280, he says.
As for the stock market, Kranzler sees a major red flag. Bullish sentiment of investors continues to soar. Historically, this signals a market top. View on YouTube
Gold is up 11 days straight. Gold Anti-Trust Action Committee Chairman Bill Murphy says as excitement in the gold space increases, the Gold Cartel may lose control of the price!
Murphy explains the Gold Cartel manages the price by washing out the speculators. If gold breaks through $1,380 and silver through $21, the cartel may lose control.
Murphy says, “If silver can break through the 21 area, it’s going to mean a total lack of this maniacal control this Gold Cartel is trying to keep on the silver market. And once they lose this control, I think we could see some upside action somewhat similar to what we saw in the cryptocurrencies.”
Some of the mining stocks as well could have returns similar to the cryptocurrencies, Murphy says.
With gold up 11 days straight, Murphy sees the potential for a short term correction. But stay tuned for cryptocurrency style upsides he says. View on YouTube
The U.S. Dollar is not ruling the seas of global commerce anymore. In 2018, non-Dollar platforms will continue the Dollar’s decline, Dr. Jim Willie tells Silver Doctors.
The Dollar has been the world reserve currency for decades, but the increase of non-Dollar trade is threatening the Dollar’s dominance. View on YouTube
Top silver expert David Morgan tells Silver Doctors his 2018 forecast for the silver and gold markets.
Looking back at 2017, Morgan says he’s most surprised by the interest in the cryptocurrencies. Bitcoin rose about 1,300 percent. Gold and silver’s gains of 14 percent and four percent pale in comparison.
2018 will be a better year for the metals, Morgan says, led by gold. He sees cryptocurrency space similar to the dot com bubble. View on YouTube
Claudio Grass joined SGT earlier this month at the very moment Bitcoin briefly reached $19,000 causing old guard Central Bankers like Alan Greenspan to emerge from the crypt and announce “it’s irrational.” So was this the blow off top, or a glimpse of things to come? Clif High predicts $40,000 Bitcoin by summer. Who knows, but crazy times any way you cut it.
CEO of First Majestic Silver Keith Neumeyer tells Silver Doctors the silver market will adapt blockchain technology ending the price manipulation.
“I believe that the current system – the LBMA, CME, COMEX type system – is at the end of it’s ropes.” The future gold and silver pricing mechanism will involve blockchain technology, Neumeyer predicts, allowing silver miners to sell directly to consumers.
How will possible rate hikes next year impact precious metal prices? Siding with Warren Buffett, Neumeyer says what the Fed does shouldn’t impact investment decisions. “When it comes to gold and silver, I’m all in.” View on YouTube
Alasdair MacLeod says demand in 2018 for gold could overwhelm America’s attempts to suppress the price of gold.
The White House’s isolationist economic policy coupled with Chinese rejecting the U.S. Dollar in trade will push the Dollar’s value down and gold’s price up. China will soon role out a yuan denominated oil futures contract. MacLeod says this new contract could be used together with Dubai’s gold contract. In this way, countries could convert their oil sales into gold. This increase demand for physical gold could overwhelm America’s and London’s attempts to suppress the price.
And contrary to conventional wisdom, interest rate hikes do not push gold prices down, MacLeod says. The Fed’s rate hikes next year will be bullish, not bearish for gold. View on YouTube
Should you sell your silver and gold for Bitcoin? Rob Kirby tells Silver Doctors physical precious metals are insurance, while Bitcoin is a speculative bet. Selling your insurance to buy cryptocurrencies is “ridiculous.”
The rise of Bitcoin and other cryptocurrencies represent “fiat money rejection.” The big money investors see how fraudulent the monetary system is, Kirby says, and are running to an alternative. But it’s gold and silver that will rise when all else fails, he says.
Blockchain technology will be applied to physical precious metals trading, Kirby predicts. In this way, an ounce of gold or silver will be able to be sold only once. These “crypto-ized” precious metals will be the “undoing of fraudulent exchanges like COMEX and the LBMA.” View on YouTube
Fund Manager David Kranzler says the gold cartel will take gold down once more to get people to sell.
Regarding Bitcoin, Kranzler and Eric Dubin say governments will co-opt cryptocurrencies and convert the Western to cashless. But in the meanwhile, Bitcoin has shown to be one of the most volatile assets in history. Are more gains ahead in Bitcoin? Possibly, but Kranzler thinks most people investing now will get burned.
Looking towards 2018, Kranzler wouldn’t be surprised if gold is above $1400 by June. He sees the Fed start printing more money to keep the stock market propped up. Dubin also says there will be political pressure to prevent the Fed from raising interest rates further in 2018. View on YouTube
John Embry warns Silver Doctors: The U.S. dollar is in it’s final death rows. And gold and silver is the safest bet for when this whole thing unravels.
He says the people in control don’t want higher gold and silver prices.
He has never seen gold and silver prices so low compared to other assets. Silver at $15 is the cheapest asset he has ever seen.
Embry sees gold, and even more so silver, exploding to the upside.
Bitcoin price action is getting “extreme,” he says. Money trying to get out of the system is driving the price. As with gold and silver, Bitcoin is a direct competitor to the fiat monetary system. What makes Bitcoin different than other fiat currencies is it’s limited supply, he says. He is cautious, though, since Bitcoin charts have all the characteristics of a bubble. View on YouTube
The legendary investor tells Silver Doctors, “Just because it looks like a bubble doesn’t mean its the end of the story.”
Roger’s says the Internet will change money as we know it. Will Bitcoin be the change? Possibly, however, Bitcoin looks like a bubble right now, he says. “Bubbles can go on a long time, and they often do,” Rogers notes. “Just because it looks like a bubble doesn’t mean its the end of the story.”
The world has a money problem. People are losing confidence in governments and their currencies, Rogers says. At these times throughout history, people have moved their focus to gold and silver.
The Fed is expected to raise rates soon, and possibly a few times in 2018. Rogers says raising rates could be a catalyst for a stock market crash. Gold and silver will crash along with the stock market initially. However, he hopes at that time he’ll be smart enough to buy more. “Before this is over,” he says, “gold and silver are going to get very over priced.” View on YouTube
Adam Mesh is the first to say that he doesn’t understand Bitcoin. Join the club! However, he does understand markets and trading, that’s what he does. While he has no idea whether Bitcoin will go to $1 or to $1 million, he sees many opportunities in trading. And as far as Bitcoin futures are concerned, Adam says, “How could anyone go to bead at nigh holding a Bitcoin futures position?” View on YouTube
Bitcoin skyrocketed more than 60% this week to over $17,000. What’s next? Michael Pento from Pento Portfolio Strategies joins Silver Doctors on this SD Weekly Metals & Markets to discuss.
Bitcoin reminds Pento of the tulip mania. “It’s going to burst, and it’s going to end very, very badly. It can go to $100,000 – it’s going to do so without me.”
Pento sees continued pressure on gold and silver prices. The passage of “tax reform” makes it likely the Fed will continue to raise rates into 2018, he says.
Today’s job’s report boosted the stock market. The stock market is trading at 140% of GDP. 50% GDP is normal. “We are extremely stretched valuation wise,” Pento says. He sees the Fed’s rate hikes to invert the yield curve, sending the economy and asset bubbles tumbling down into a crisis worse than 2008. View on YouTube