Category: SilverDoctors

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.”

Source: https://ift.tt/2xDxRJn

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.

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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.

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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.

Christopher’s iGold Advisor youtube channel is below:
https://www.youtube.com/channel/UCjG_4Kg7ZWWs8o7EnfnDc9Q/feed

Christopher Aaron is also Senior Editor for precious metals investment portal Gold Eagle: https://ift.tt/2J8hUfW

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For his premium research, visit his main website at:

http://igoldadvisor.com

For quick updates, follow on Twitter at:

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Today our guest is David Jensen of Jensen Strategic, a precious metals analyst and mining consultant.

[ His twitter account – https://twitter.com/RealDavidJensen ]

Topics Covered include:

– 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.

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.

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.

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.

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.

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.

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.

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.”

“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. 

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.

David Morgan says the U.S. stock market is in a downtrend. A waterfall decline is possible.

Gold and silver are still in consolidation. However, the gold/silver ratio is coming down. And both metals continue to make higher lows. Morgan expects a move to the upside.

Is silver in a deficit? This depends on your definition of “deficit.” The truth is, the above ground inventory of silver is growing.

Just in the last few weeks, Bitcoin has risen significantly. But Tone Vays tells Silver Doctors Bitcoin has to rise above $12,000 in order to end the downtrend. But in the long term, he is bullish on Bitcoin and believes Bitcoin is the only cryptocurrency that will survive.

Vays says there is room for only one cryptocurrency in the future. If there were more than one then the energy usage would be split across the multiple blockchains and each blockchain would be less secure.

Jim Willie tells Elijah Johnson and James Anderson the launch of the gold and oil Yuan contracts is the most important financial event in a generation.

The Chinese want their own place in global finance. No longer does the dollar have a monopoly on oil. “This is the end time for the Dollar’s dominance.” China is moving away from the U.S. not solely by leaving the Dollar, but also through the trade conflict.

The yield curve will invert, leading to a shrinking of the money supply, and a recession later this year, Michael Pento of Pento Portfolio Strategy tells Silver Doctors.

He says bonds currently are the “most mispriced assets in the history of the world.” He sees a world wide default on debt coming.

The stock market is also in trouble. There is a confluence of events coming in the fall that will lead to a bear market like we haven’t seen in a decade.