Andy Schectman: The Financial Dominos Are Falling

​Andy Schectman, CEO of Miles Franklin Precious Metals, returns to Liberty and Finance to give us a quick situation update from inside the strained gold & silver supply chain, and to lay out the startling and unprecedented signals of the supply shortfalls that reveal a physical scramble.

- Source, Liberty & Finance

Steve Penny: The Bottom is In for Metals

Tom welcomes back Steve Penny. Steve is a full-time trader specializing in silver, gold, and uranium. 

Steve feels the US dollar remains in the classic definition of a downtrend, and the current pattern is similar to a previous failed breakout. 

Both the fundamentals and technicals appear bearish over the intermediate to long term. 

Silver remains in an uptrend, and we have been bouncing upwards off the 50-day moving average. 

Once we overcome resistance, we will be off to the races in silver. Steve likes to trade a small percentage of his portfolio, and how he plans his trades weekly. 

This approach allows him to reduce emotion and helps make him a better trader. 

The Gold-Silver Ratio reaching 120 was an unprecedented event, and he believes we could see 20 to 1 or higher near the end of this bull market. 

Silver miners are still undervalued compared to everything else, and over the long term, he expects them to outperform wildly. 

He discusses the long-term patterns for gold, and even if we have a pullback, we are still solidly in a bull trend. 

He is very bullish on platinum because its valuations recently reach historic levels relative to gold. 

It's quite likely we will outperform to the upside and perhaps even over correct. 

Lastly, Steve discusses why uranium is a growth industry and why the price must rise to incentivize new production. It's such a small market that large investment firms entering will have an outsized effect on uranium shares.

- Source, Palisade Radio

Preview of What's To Come In The US: UK Going To Use Negative Interest Rate Policy In 6 Months?

Back in January, the Bank of England tried to warm people up to negative interest rate policy (NIRP) claiming that it is "stimulative" to the economy.

- Source, Wall St for Main St

Craig Hemke: By Year End Gold $2300 & Silver $45

Financial writer, market analyst and precious metals expert Craig Hemke says, “As inflation picks up from all this money printing, the Fed can’t allow the 10 Year Treasury to go to 3% the Fed will, at some point, institute yield curve control.” 

Hemke says yield curve control by the Fed will cap interest rates, but the money printing and inflation will have to rise dramatically. 

This is why Hemke is predicting, “By the end of 2021, gold will be $2,300 per ounce and silver will be around $45 per ounce.” 

In short, printing money to cap interest rates will result in much higher prices for gold and silver, and Hemke predicts this is the trend into the future. 

Hemke also warns, “The gold and silver bull market will be a bucking bronco, and it will try to throw investors off.” 

In other words, investors will have to hang on tight and expect volatility to be high–especially in silver. 

Hemke also says there is “permanent damage from Covid 19 and the economy will not be bouncing back in any sort of “V” shaped recovery.”

- Source, USA Watchdog