Precious metals analyst Ted Butler returns to the podcast this week to discuss the long-suffering silver price.
Will the beatings continue? Or is there finally reason to believe that, after seven painful years of languishing, silver may finally see a brighter future?
Butler predicts a turning point is nigh. And ironically, he thinks silver's savior will be the same culprit responsible for keeping the price suppressed for all these years.
Jordan discusses where the market is and why it failed to break-out. Traders were anticipating a breakout, and many are likely disappointed.
The dollar is consolidating and now above the long-term moving average. Concerning GDX and GDX.J, things are still pretty dull. Jordan warns that, "Silver is also on the verge of breaking down out of a triangle."
We're not entering a new bear market but are likely setting up for a wash-out over the next few months. Perhaps a double bottom with a higher low. We're moving from a dull market to a potentially dangerous one.
Jordan is concerned more about downside in the metals than shares as there is not likely much selling power left in stocks. He warns, “We could potentially see $1040 gold and $13.00 silver.”
Futurist and economic researcher Chris Martenson says people can protect themselves with real assets as opposed to paper assets. Martenson says, “Real assets are the place you need to be if and when a paper tower comes crumbling down.
I am diversified myself. I believe in land. I believe in real estate. I believe in gold. I believe in silver. I believe in other metals. I believe in these hard assets because this is where we are going to have to hide out because if you held hard assets in Turkey, in Venezuela, in Argentina and in places where the currency collapsed and declined, these would have been great places to be hiding out.
When this worm turns, it’s going to be a lot faster than it has in the past. There is no free lunch, and if you can see that, there is a wealth transfer coming.
The wealth transfer is going to have a bright red line, and people are going to get trapped on the side where they hold paper claims, and the people that are going to preserve their wealth are going to be on the other side of the line with their wealth tied up in real things. That’s the period of history that is about to unfold.”
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.
IBM is now developing a cryptocurrency that will be pegged to the dollar, the reasoning is to stabilize it, but what is really happening the central bankers will try to use this as their currency.
IMF is already sounding the warning bells, if the UK does not work on a BREXIT deal that is beneficial to the bankers the UK economy will implode. Initial jobless claims are at the lowest since the 60s but wages have not increased.
Venezuela is not allowing Turkey to mint their gold. The IMF says the global economy is starting to slow.
Central banks have now maneuvered to take down the economy, Trump just called them out on it.
This week we discuss seasonal market movements in relation to the price of gold, silver, platinum, palladium, and the ratio opportunities available due to these movements...
Gold has not been acting like a proper safe haven due to the fact that a full-blown trade war has not yet been triggered, but this may change once tariffs are implemented, said Gary Wagner...
Jason Burack of Wall St for Main St made a short video using Barrick Gold as a case study how gold miners are back in the danger zone again after this continued correction in gold prices.
Jason talks about how while the relatively new all in sustaining cost metric (AISC) is far more accurate than cash cost that the ASIC metric is still not completely accurate at reporting the reality of production costs for primary gold and primary silver miners.
Lack of interest in precious metals is cyclical, and investors would do well to stick it out, said Richard Drechsler, V.P. Communications of Strategic Metals Ltd., a project developer based in Yukon.
“The gold price is obviously a big thing, if you can get the gold price moving in the right direction, you’re going to get a lot more interest coming back,” Drechsler told Kitco News on the sidelines of the Yukon Mining Investment Conference in Dawson City.
Drechsler added that investments into exploration companies are speculative in nature, which means capital into junior miners is competing against blockchain and marijuana stocks.
“The early stage exploration is higher risk capital so you’re competing against these other sectors, so without the gold price moving in the right direction for you, there’s not a lot of reason for people to step out and take that risk,” he said.
Bernie Kreft, prospector and star of the reality TV show, “Yukon Gold,” weighs in on the Yukon’s potential for miners, especially placer mining.
“There’s undoubtedly a lot of placer gold left,” Kreft told Kitco News on the sidelines of the Yukon Mining Investment Conference in Dawson City.
“Placer, probably not as much of a big discovery potential, but hard rock for sure, there’s discovery potential up here.” “Without a doubt, there’s monsters up here hiding...”
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.
Josh Sigurdson and John Sneisen sit down once again with Robert Kiyosaki of Rich Dad, Poor Dad to talk about a whole host of issues in the news.
Starting it off, we go into collateralized debt obligations, mortgage backed securities, reverse mortgages and other concerning factors that we've seen before in the markets before the 2007 crash.
Robert Kiyosaki tells us he is selling real estate for the first time which we believe is breaking news.
Kiyosaki goes into how central banking and the fiat system creates vast numbers of problems and why he protects himself with gold and silver.
Another issue he touches on is the unfunded liabilities and how dramatically bad the pension system is. With that, he goes into the dependence of millennials vs the independence of successful people and how it's creating the perfect storm.
