Tom Bodrovics, welcomes back Don Durrett, an experienced author, investor, and founder of Goldstockdata.com, to discuss gold prices and the economic implications. Durrett believes an imminent hard economic landing will boost his bullish stance on gold. In March 2023, gold reached new highs above $2050, while silver showed significant gains. However, miners have not followed suit.

Durrett considers the present economic climate different from previous periods due to the Federal Reserve’s reduced ability to revive the economy. He highlights that while the US economy grew and used debt in the 1990s, it eventually balanced its budget. However, since then, the US economy has reportedly been declining for approximately 25 years, leading to significant global shifts like countries abandoning US bonds and equities and increasing interest in gold as a reserve currency.

Japan’s bond and currency struggles could potentially trigger a crisis due to their substantial US treasury holdings. Durrett discusses the potential impact of Asian countries purchasing gold and the importance of oil purchases in gold-importing countries like Japan and China.

Don expresses bearish views on the stock market and bullish predictions for silver prices due to inventory shortages, increasing demand, and potential manipulation attempts like those seen with the Hunt Brothers in the past.

Don shares his perspective on gold miners using the HUI index to identify buying and selling opportunities. He considers anything below $250 on the HUI cheap, with levels between $200 and $225 being the buy zone. Opportunities for cheaper stocks extend from $225 to $250. However, as the HUI approaches $300, fewer cheap stocks become available. He anticipates the gold miners’ bull market hasn’t started yet but expects it to resume in the next couple of months and predicts a potential dip in gold and silver prices before the significant uptrend begins. The summer may not be as uneventful this year due to potential rapid market movements once risk-on sentiment shifts to risk-off.

Don has been successful with mid-tier producers some of which have seen substantial growth through acquisitions. He also discusses his investment strategy, holding stocks amidst potential economic downturns, diversification through various investments such as silver, crypto, and physical preparation by selling to the top. He also mentions the unsustainability of constant wars due to increasing budget deficits, implying that peace may prevail as America retreats from its aggressive role on the global stage.

Time Stamp References:
0:00 – Introduction
0:42 – Article & Gold ATH
4:25 – Rates, Risks & Spending
18:37 – Japanese Bond Markets
23:40 – C.B. Gold Buying
27:27 – Gold Price Predictions
31:34 – Silver Expectations
37:50 – Hunt Brothers 2.0?
43:23 – ETF Metal Flows
48:07 – Miners Bull Market?
51:22 – Summer Doldrums?
54:30 – Wall Street Interest?
1:01:22 – Miners Risk Vs. Return
1:10:00 – Stocks & Great Taking?
1:15:10 – Rapid Changes Coming
1:21:22 – Optimism & Wrap Up

Talking Points From This Episode

• Don Durrett believes an economic downturn will boost gold prices; gold & silver reached new highs in March 2023, but miners lagged behind.
• Bearish on stocks, bullish on silver due to inventory shortages, increasing demand, and potential manipulation attempts.
• America’s aggressive role on the global stage unsustainable due to budget deficits, peace may prevail.

Guest Links:
Twitter: https://twitter.com/DonDurrett
Website: https://www.goldstockdata.com/
Free Trial: https://www.goldstockdata.com/freetrial
Substack: https://dondurrett.substack.com/
Amazon: https://www.amazon.com.mx/How-Invest-Gold-Silver-Complete/dp/1427650241
Blog Posts: https://seekingalpha.com/author/don-durrett#regular_articles
YouTube: https://www.youtube.com/user/Newager23

Don Durrett received an MBA from California State University Bakersfield in 1990. He has worked in IT-related positions for 20+ years. He has been a gold investor since 1991, with a focus on Junior Mining stocks since 2004. Realizing the value of investing in gold and silver and noticing the lack of available material for first-time investors, Don set out to provide information. First, he wrote a book, How to Invest in Gold & Silver: A Complete Guide with a Focus on Mining Stocks. He followed up the book with a website (www.goldstockdata.com) to provide data, tools, and analysis for gold and silver stock investors. His gold and silver mining stock newsletter is widely regarded as one of the best. He is a frequent guest on financial podcasts and a contributor to SeekingAlpha.com.

In this episode of Palisades Gold Radio, economist and wealth advisor Jonathan Davis once again joins host Tom Bodrovics to discuss the theme of inflation and its implications for the current economic era. Davis argues that we have transitioned from a disinflationary era lasting over 40 years into one characterized by financial repression, which he defines as higher inflation. Tracing this shift back to the post-World War II era when debt levels were unsustainable, Davis contends that recent financial crises were not caused by COVID but rather by ‘shenanigans’ in financial markets. With interest rates reaching historic lows by 2020, Davis predicts that inflation for the next generation will be between 5% and 10%, and interest rates will significantly increase from past decade levels. This transition to financial repression is a response to politicians, central bankers, and bankers’ desire to maintain inflation rather than risk deflation.

The conversation also touches upon China’s economic shift from manufacturing to consumer industries and property development, expressing concern over the large number of unsold homes in China despite continued commodity demand. Mr. Davis discusses the historical perspective of asset classes, emphasizing substantial returns from stocks, bonds, and property over recent decades but anticipates declining value as interest rates rise. He advocates investing in commodities as a long-term strategy.

Jonathan then discusses the current state of the housing market, despite higher interest rates and the end of fixed-rate mortgages, there hasn’t been a significant impact on the housing market yet due to continued employment and low mortgage rates. He also touches upon commercial real estate, suggesting businesses have been able to mitigate costs by subletting unused space and private equity firms delaying effects of the market downturn.

Jonathan shares insights on oil prices’ correlation with inflation, anticipating a rebound and potentially reaching $200 within the next few years due to insufficient production relative to economic growth, causing significant drops in energy stocks. He encourages staying informed, adapting investment strategies, remaining cautious, and avoiding excessive greed.

Time Stamp References:
0:00 – Introduction
0:38 – The End of an Era
13:05 – Real Rates & Growth
20:10 – De-China-Fication
23:15 – Lending & Global Growth
27:32 – Real Vs. Nominal Returns
29:00 – Dow Long-Term Chart
30:49 – 10-Year Treasury Chart
36:24 – Housing Markets & Rates
41:34 – Commercial Real Estate
45:10 – Uranium Thoughts
51:20 – Miners & Juniors
55:34 – Crude Oil & Energy
1:00:53 – Commodities & HODL Gold
1:05:57 – Eastern Metal Buying
1:08:30 – Maintaining Objectivity
1:10:44 – Uranium & Wrap Up

Talking Points from This Episode

• Davis argues for a new era of financial repression, characterized by higher inflation, due to unsustainable debt levels since the post-World War II era.
• Significant price increases for uranium, gold, and silver miners, and global energy in the next one to three years due to low supply and increasing demand.
• Politicians and central bankers will maintain inflation rather than risk deflation, which would benefit consumers but negatively impact the wealthy.

Guest Links:
Website: https://jonathandaviswm.com
Twitter: https://twitter.com/j0nathandavis
Twitter: https://twitter.com/boomsbusts

Jonathan Davis BA MBA FCII FPFS, Chartered Financial Planner, is the Wealth Adviser. He is a former Chairman of the London Region of The Institute of Financial Planning (now Chartered Wealth Management Institute).

Jonathan has been delivering wealth advice since 1987. Johnathan established the Jonathan Davis Wealth Management in January 2007, where they provide a niche Wealth Management advising a small number of clients. He established this firm in January 2007.

He has over 1000 appearances in the press, radio, and TV. He is often asked to comment on financial issues.

Tom welcomes back Lyn Alden, Founder of Lyn Alden Investment Strategy, to the show.

Lyn discusses abundant and scarce things in investing, focusing on the era of fiscal dominance that has led to bonds becoming abundant. This is due to large budget deficits and private debt being transferred to the public sector. The implications include higher average fiscal-driven inflation and potential impact on asset prices and tax receipts.

The Federal Reserve’s ability to perfectly tune the economy to avoid recession for the next decade is questioned. In emerging markets, stocks may rise in local currency but decrease in hard money terms during recessions. The U.S., however, is experiencing fiscal dominance where public debt exceeds GDP, making it harder to fight inflation and slow down borrowing. While interest rates can help make a country’s currency attractive or reduce borrowing demand, raising interest rates results in ballooning expenses, offsetting disinflationary forces. The commercial real estate sector is heavily impacted, but travel companies, seniors, and wealthy individuals may benefit from higher interest rates.

Lyn discusses the SVB bank crisis in 2023, suggesting that the Fed might prioritize saving banks or the Treasury market over controlling inflation, limiting monetary policy flexibility. The potential outcomes of interest rate cuts include growth and demand for commodities but less effectiveness due to fiscal dominance. She emphasizes energy exposure as a hedge against inflationary pressures.

Investment strategies include owning assets related to dense forms of energy in the energy sector, focusing on demographics, aging workforces, and understanding China’s labor supply and demand. Alternative investment portfolios like the permanent portfolio and IV portfolio deviate from the traditional 60-40 stock-bond split by including gold and commodities for diversification.

The development of Bitcoin ETFs is seen as inevitable due to its size and liquidity, but risks include hacks and confiscations. Developed countries generally accept Bitcoin as a store of value while regulating its use as a medium of exchange. The importance of building tools to make Bitcoin more efficient for users is emphasized.

Lyn’s book, “Broken Money,” discusses global financial system issues, with countries relying on the US dollar facing negative consequences if it devalues or if the US manipulates currencies. Running large structural trade deficits is necessary but comes with negative effects such as decreased export competitiveness and de-industrialization. The shift towards more neutral assets like gold and Bitcoin in response to unreliable US dollars is emphasized, along with considering multiple variables and being data-dependent.

Time Stamp References:
0:00 – Introduction
0:33 – Bonds, Rates, & Inflation
8:42 – Fed and Recessions
13:30 – Fiscal Dominance & Stability
19:28 – Contrasting the 1940s
23:06 – Feds Blinks at Bank Crisis
25:54 – Deficits & Debt Rollover
29:54 – Rate Cuts & Outcomes
31:52 – Easing and Hard Assets
33:14 – Energy Exposure?
37:40 – Demographics & Demand
41:26 – China & Manufacturing
44:42 – Labor & Underinvestment
47:20 – Skills & Semiconductors
50:00 – Portfolio & Reallocating
53:20 – Bitcoin ETFs & Impacts?
56:06 – Capital Controls & Walls
59:23 – Dollar & Broken Money
1:03:57 – Wrap Up

Talking Points From This Episode

• Fiscal dominance, inflation, and importance of shifting to neutral assets.
• Understanding multiple forces in macroeconomics and being data-dependent.
• A Shift to Neutral Assets in a World of Fiscal Dominance and Unreliable Currencies

Guest Links:
Twitter: https://twitter.com/LynAldenContact
Website: https://www.lynalden.com/

Lyn Alden is editor and publisher of LynAlden.com, where she has both a subscription and a free financial newsletter. She says, “Her background lies at the intersection of engineering and finance.” Her site provides investment research and strategy, covering stocks, precious metals, international equities, and alternative investments, with a specialization in asset allocation. Whether you’re new to investing or experienced, there’s a lot there for you.

Lyn has a bachelor’s degree in electrical engineering and a master’s degree in engineering management, focusing on engineering economics and financial modeling. She oversees the finances and day-to-day operations of an engineering facility.

She has been performing investment research for over fifteen years in various public and private capacities. Her work has been editorially featured or cited on Business Insider, Marketwatch, Time’s Money Magazine, The Daily Telegraph, The Philadelphia Inquirer, The Street, CNBC, US News and World Report, Kiplinger, and The Huffington Post. She has also appeared on Real Vision, The Investor’s Podcast Network, The Rebel Capitalist Show, The Market Huddle, and many other podcasts. She is also a regular contributor to Seeking Alpha, FEDweek, and Elliot Wave Trader.

Tom Bodrovics welcomes back Bob Moriarty to the show. Bob is founder of 321gold and 321energy.com, and a former Marine Corps fighter pilot during Vietnam. Moriarty believes the year 2024 could be catastrophic due to geopolitical issues and a greater financial crisis but sees opportunities in gold and silver, which have broken out and are expected to continue for the next decade. He emphasizes sentiment and China’s control of the gold market as key drivers of their prices. Moriarty discusses potential peace in the Middle East after Israel’s conflict with Iran, questioning the sustainability of the US sending large aid packages due to bankruptcy.

Moriarty advocates for ignoring external factors like interest rates, currencies, and politics when investing in gold and silver, using sentiment as a useful tool. He highlights China’s significant impact on the gold market and the potential negative vote against US treasuries and the dollar. Moriarty expresses concerns about rising interest rates and their impact on real estate markets, especially commercial property. He also discusses the recent surge in base metals as undervalued commodities and a shift towards commodities from overvalued assets like stocks.

Bob emphasizes the importance of understanding current developments in economy and society, including immigration policies, corruption, and diplomacy. He criticizes the increasing divide between ordinary people and the establishment and advocates for conversation and understanding between opposing sides. He criticizes US foreign policy in Ukraine and advocates for diplomacy to resolve conflicts. He also discusses the impact of misinformation on society and expresses skepticism towards media narratives.

Talking Points From This Episode

• He sees 2024 as a potential crisis year but believes in gold opportunities; emphasizes sentiment and China’s influence.
• Relative calm in the Middle East is possible after the recent Israel-Iran conflict, but US aid sustainability questioned.
• Misinformation if not outright falsehoods in the mainstream media and the importance of diploamcy globally.

Time Stamp References:
0:00 – Introduction
0:37 – A Catastrophic Year?
2:00 – Whose Driving Metals?
4:52 – Warning Signals
5:43 – Oil Prices & Iran
9:10 – Balance of Power
13:30 – Aid to Ukraine
19:37 – Measuring Sentiment
21:46 – Lessons in FOMO
23:24 – Eastern Gold Shift
25:10 – Mortgages & Real Estate
27:19 – Base Metal Indications
28:37 – Government & Corruption
30:57 – Reasons for Optimism
32:12 – Diplomacy & Conversation
37:53 – Alt Media & Opinions
43:53 – Wrap Up

Guest Links:
Website: http://www.321gold.com
Website: http://www.321energy.com
Books on Amazon: https://www.amazon.com/Robert-Moriarty/e/B01A9I4TJU?ref=sr_ntt_srch_lnk_3&qid=1599932580&sr=8-3

Bob Moriarty founded 321gold.com with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind, and nuclear energy. Both sites feature articles, editorial opinions, pricing figures, and updates on both sectors’ current events. Previously, Moriarty was a Marine F-4B and O-1 pilot, with more than 832 missions in Vietnam. He holds fourteen international aviation records.

Tom Bodrovics welcomes back Axel Merk, CEO of Merk Investments, who manages investments worth $1.2 billion in gold and related assets. They discuss the ASA closed-end fund, which invests in precious metals mining, processing, or exploration companies, and is unique due to its longer-term focus compared to ETFs. Merk took over management in 2019 and transformed it into an investment vehicle for junior mining companies. This fund helps small development and exploration firms by providing capital during funding rounds and increasing their share prices, making them more attractive to larger investors.

Merk also talks about the potential impact of the Federal Reserve’s monetary policies on gold mining and equities during economic downturns or periods of easing financial conditions. He shares his past predictions for a possible recession in 2023 but acknowledges recessions are unpredictable. Merk believes that gold miners provide value over the long term, despite risks, and stresses the importance of risk assessment.

Axel discusses Saba Capital Management’s ongoing attempts to gain control over ASA Gold and Precious Metals Limited. If successful, this could negatively impact the mining industry due to potential cost-cutting measures or changes to the fund’s mandate. Despite expressing support for ASA as a fund manager, Axel encourages constructive dialogue between all parties. Axel highlights ASA’s unique features that make it difficult for activists like Saba to achieve their goals easily. The future implications include continued engagement with Saba or potential liquidation if they gain control, and the importance of shareholder votes in the outcome. Investors are encouraged to stay informed and vote in proxy contests.

Time Stamp References:
0:00 – Introduction
0:38 – ASA Closed End Fund
3:42 – Funding for Juniors
10:43 – The Monetary Environment
15:26 – Fed & Distorted Data
17:57 – Recent Moves in Gold
20:50 – Closed Vs. Open Funds
25:08 – Strategic Investments
26:42 – ASA Board Concerns
32:16 – SABA Contested Proxy
35:10 – A Call to Shareholders
37:30 – Friday Apr 26 Vote
41:06 – Future for the Fund?
44:33 – Wrap Up

Guest Links:
Twitter: https://twitter.com/AxelMerk
Website: https://www.merkinvestments.com/
Blog Post: https://www.merkinvestments.com/insights-and-reports/2024-03-18
Website: https://asaltd.com
LinkedIn: https://www.linkedin.com/in/axelmerk/detail/recent-activity/
Amazon Book: https://tinyurl.com/4ebpcaew

Axel Merk is the President and Chief Investment Officer of Merk Investments, manager of the Merk Funds.

Founder of the firm bearing his name, Merk is an expert on macro trends. He is a sought-after speaker, contributor, and author; Axel Merk’s book, Sustainable Wealth, describes how the greater economic universe works, how it might affect your finances, and how to manage those finances to seek financial stability. Axel Merk holds a B.A. in Economics (magna cum laude) and an M.Sc. in Computer Science from Brown University.

Axel Merk founded Merk Investments in Switzerland in 1994; in 2001, he relocated the business to California. He has grown Merk Investments into an investment advisory firm offering investment funds and advisory services on liquid global markets, including domestic and international equities, fixed income, commodities, and currencies.

Axel lives in the San Francisco Bay Area with his wife and their four children. Furthermore, he is a marathon runner and a private pilot.

Tom welcomes back to the show, Christopher Aaron to discuss the markets and current geopolitical instability. Although gold prices saw a spike due to recent events between Iran and Israel, they gave back most of the gains shortly after. Christopher emphasizes the importance of considering historical data and long-term trends when analyzing gold price movements.

Chris discusses how the Dow Jones and gold have been trading in lockstep due to the preoccupation with Fed policy. They note that during past bull markets, average investors shifted funds from stock indexes into gold or silver when they underperformed. However, the current cycle shows a flat Dow to gold ratio for the last eight years, suggesting mainstream investors are yet to enter the precious metals sector. The potential implications of this situation and its impact on future market performance are emphasized.

Despite gold ETFs losing gold holdings as mainstream investors sell their shares even during price surges, they predict gold should come back to retest its recent highs before experiencing a multi-year trend of significant new highs. Christopher shares his insights from the 2008 financial crisis and how he now prioritizes price data over fundamental analysis. They also touch upon historical gold price trends, including how gold always retests breakout points after significant price increases.

Christopher discusses the potential catalyst for the Federal Reserve to shift from its hawkish stance being a global or regional war. He suggests that higher interest rates may lead to higher commodity prices and emphasizes the need for markets to reconsider their current beliefs. The conversation then shifts to silver, which has broken its downward trend but faces significant resistance at $30 per ounce. Christopher is skeptical about silver’s potential return as a full-time monetary metal in perpetuity but acknowledges the possibility during periods of financial instability.

Chris emphasizes the importance of being aware and prepared amidst current turbulent times while also encouraging listeners not to stop living their lives.

Time Stamp References:
0:00 – Introduction
1:00 – Geopolitical Tensions
4:37 – Sentiment & ATH Gold
9:15 – Dow Vs. Gold
12:00 – Dow Gold Ratio
15:52 – Opportunity?
18:20 – Breakouts & Retests
23:14 – Fundamentals & China
27:00 – Catalysts & Israel
32:50 – Inflation Narratives
38:30 – Fed Shift?
40:33 – Silver & Resistance
44:45 – Monetary Silver?
45:54 – Miners & Resources
51:16 – Jurisdictional Risks
55:57 – Wrap Up

Talking Points From This Episode

• Importance of historical data for analyzing gold price movements amid current geopolitical instability; Gold ETFs losing holdings despite recent surges
• Markets ignoring fundamental supply and demand in favor of Fed policy and the potential return of mainstream investors to precious metals sector.
• Predicting gold retesting highs before significant new price trends.

Guest Links
Twitter: https://twitter.com/iGlobalGold
Website: https://igoldadvisor.com/
YouTube: https://www.youtube.com/channel/UCjG_4Kg7ZWWs8o7EnfnDc9Q

Christopher Aaron is Senior Editor for the precious metals investment portal Gold Eagle.

A former counter-terrorism officer for the CIA and Department of Defense, Christopher has always had an independent analytical outlook. He volunteered to serve two tours to Iraq and Afghanistan from 2006 – 2009, conducting pattern analysis and mapping for the US Intelligence Community in Washington, DC. Drawing upon his investigative background, he turned attention to the financial markets in the early 2000s.

Mapping shares similarities with technical analysis of the financial markets because both involve the observation and interpretation of patterns found in human nature. Through his work, Christopher shares with clients how these patterns are cyclical and embedded. Recognizing these patterns can be used to profit.

Christopher Aaron holds a degree in history and business, with advanced Department of Defense training in intelligence analysis.

Tom Bodrovics welcomes back John Rubino, a former Wall Street financial analyst and author, to discuss the current bull market in gold. Rubino asserts that gold’s intrinsic value is significantly higher than its present price, which could reach $5,000 to $10,000 per ounce based on historical analysis. He also posits that a potential collapse of the financial system due to debt could lead to a return to a gold-backed currency or a currency reset.

They explore the implications of inflation and currency devaluation on various assets including stocks, real estate, bonds, and gold. John argues that adjusting investment numbers for inflation offers a different perspective on asset value over time. He warns about potential risks in the financial system, such as a commercial real estate crash or an equities bear market. He also discusses the deficit in the silver market, which could result in significant price spikes and potential defaults on futures contracts.

Despite uncertainty, John suggests investment strategies for investing in real assets like gold and silver. Investors should consider gold as a long-term investment and focus on positive goals during uncertain times to build capital for future challenges. Gold is currently seen as a store of value, but demand for it is minimal but starting to rise. Once gold breaks through resistance and support levels, it could lead to a significant run in the market.

Time Stamp References:
0:00 – Introduction
0:45 – Gold Market Developments
4:10 – Gold Backing & Debt
8:15 – Who Will Buy US Bonds?
12:45 – Inflation Outlook
17:28 – Asset Valuations
22 :38 – Gold Drivers & Geopolitics
27:26 – Next Financial Crisis?
33:10 – Silver & Supply Issues
38:10 – Silver Industrial Demand
42:38 – Investment Demand & FOMO
47:35 – Wrap Up

Talking Points From This Episode

• Gold’s potential value increase, reaching $5,000-$10,000 per ounce based on historical analysis.
• Risks of financial panic, potential scenarios like commercial real estate crash or equities bear market.
• Investment strategies proposed to protect against times of crises.

Guest Links
Substack: https://rubino.substack.com
Books: https://tinyurl.com/5buyvy6v

John Rubino is a former Wall Street financial analyst and author or co-author of five books, including The Money Bubble: What To Do Before It Pops. He founded the popular financial website DollarCollapse.com in 2004 and sold it in 2022, and now publishes on Substack.

Tom welcomes back Ravi Sood to the show to discuss the many changes in the economy and mining industry. Ravi touches upon various topics related to the global financial system, gold prices, and the impact of the 2007-2008 financial crisis. He discusses the lack of significant changes in the financial system since the 1970s and the potential role of Bitcoin in challenging traditional monetary systems. He also highlights the uncertainty and potential risks in the current economic situation due to the pandemic and other factors. The conversation also delves into the importance of investing in physical commodities like gold and other minerals, as well as the role of technology in driving demand for these resources.

Furthermore, they explore the effects of a strong US dollar on the economy and suggests alternative policies to improve trade balance. The discussion also covers the challenges in regulating cryptocurrencies and the potential impact of CBDCs. The gold market is analyzed, with the author noting signs of optimism amidst a perceived bubble, and the mining industry’s financial issues are also discussed, along with the interest in renewable energy transition and the cyclical nature of commodities business.

Throughout the interview, Ravi emphasizes the need for a better understanding of the financial system and the importance of making informed decisions based on current economic conditions and potential future changes.

Time Stamp References:
0:00 – Introduction
3:30 – Gold, Bias & Sound Money
10:17 – Global Can Kicking
17:42 – A No Win Scenario?
20:00 – US Commodity Demand
22:28 – Feds Levers & Control Risk
26:44 – Bitcoin, Banks, & ETFs
33:50 – Commercial Banks & Economy
36:05 – Unhedged Mining
44:52 – Gold Highs & Reality
49:05 – Mining Industry Health
56:17 – Energy & GDP Correlation
59:00 – 3 Phases of New Energy
1:02:20 – Green Energy Storage
1:05:04 – Commodities & Capital
1:07:18 – Wrap Up

Talking Points From This Episode

• The financial system has not seen a major shift since the 1970s, with concerns about sustainability of the existing monetary systems.
• Physical commodities like gold and other minerals could help the United States address economic challenges by creating jobs and reducing reliance on foreign currency.
• The gold market exhibits signs of optimism for an eventual end to its current bubble, with factors such as increased production and lower interest rates affecting its future.

Guest Links:
Website: https://golcondagold.com
Website: https://evrec.energy

Ravi Sood is Chairman of Golconda Gold and an experienced financier focused on emerging markets. Mr. Sood was the founder and former CEO of Navina Asset Management, a Toronto-based investment firm that was acquired by a major financial institution. Mr. Sood also serves as a director of several companies including Blockchain Power Trust, Feronia Inc., and Eve & Co. Previously Mr. Sood was a director of ICC Labs (acquired) and Elgin Mining (acquired).

Ravi Sood has a bachelor’s degree in Mathematics from the University of Waterloo.

This is a rebroadcast of our April 10 Twitter Spaces focusing on the recent metal moves, the metals industry, and overall investor sentiment. Bob Coleman and Vince Lanci discuss the effects of big players in the markets and how investor sentiment remains cautious. Jim discusses why margin requirements have to be adjusted during periods of volatility. Vince and Bob discusses at length the various big players in the market and how they influence it along with their general strategies. Lastly, Bob discusses the role of ETF’s and the current premiums on physical metals.

Note: Unfortunately, the last hour of this spaces was not recorded properly.

Bob Coleman – Idaho Armored Vault
Twitter: https://twitter.com/profitsplusid
Website: https://www.goldsilvervault.com/

Vince Lanci
Special Discount: https://vblgoldfix.substack.com/TomPalisades
Website: https://vblgoldfix.substack.com/
Twitter: https://twitter.com/Sorenthek
ZeroHedge: https://tinyurl.com/3x72ndfc
LinkedIn: https://www.linkedin.com/in/vincentlanci/
Boobs & Bullion: https://twitter.com/boobsbullion

Jim Hunter – Registered Commodity Broker with Allendale
Twitter: https://twitter.com/JimSuncomm1
Website: https://allendale-inc.com

Tom welcomes back Simon Hunt to the show. They discuss various economic and geopolitical issues shaping the global landscape. Topics range from potential conflicts and their impact on markets to the shift towards physical assets and a gold-backed monetary system. Simon touches upon underreported inflation, economic instability in America, China’s role in reshaping the global economy, potential crisis scenarios, and the importance of diplomacy versus war.

Simon is concerned about the risk of conflicts escalating, with Russia as a key player, and the emergence of gold-backed currencies to counteract perceived vulnerabilities in fiat currencies. Additionally, they discuss the significance of rising interest rates, potential crises, and implications for U.S. elections and global geopolitical outcomes. Throughout, Simon encourages caution and emphasizes the importance of understanding the underlying economic trends and geopolitical dynamics.

Time Stamp References:
0:00 – Introduction
0:46 – The World & War
5:38 – Equity Complacency
7:02 – Russia & Syria
9:17 – Economic Catalysts
14:32 – Serious Correction
18:18 – Leveraged Bank System
19:24 – Capital Shifts & China
22:57 – Gold Backed Currency
29:26 – Dollar & Rates
30:53 – Chinese Demographics
33:50 – China’s Manufacturing
37:40 – Nuclear Energy
39:31 – China Debt
42:32 – Chasing Rainbows
44:30 – Europe In Recession
48:15 – Inflation Issues
52:25 – Expect More Unknowns
53:35 – Wrap Up

Talking Points From This Episode

• Geopolitical tensions could lead to significant market shocks in equity and base metal markets before mid-year due to underreported inflation and weak economic activity.
• Shift towards gold-backed currencies is inevitable as countries seek alternatives to perceived vulnerabilities in fiat currencies, with China and Russia likely taking a leading role.
• Diplomacy could prevent war, but tensions between the US and countries like Russia suggest that war may be an outcome if Washington continues to support the dollar at the expense of its treasury market.

Guest Links:
Email: [email protected]
Website: https://simon-hunt.com/

Simon Hunt began his career in 1956 in Central Africa as a PA to the Chairman of Rhodesian Selection Trust, one of the two large copper companies in what was then Northern Rhodesia, now Zambia.

In 1961, he came back to London and joined Anglo American Corporation of South Africa as a PA to one of the Board Directors, followed by being part of a small sales and marketing team for copper. From there, he helped start up a new copper development organization, CIDEC, financed by copper producers, which he then joined, focusing on conducting end-use studies of copper in Europe.

He then went into the City to gain financial experience and founded Brook Hunt in 1975. He was instrumental in setting up the company’s cost studies and end-use analyses. Simon appeared as material witness and consultant in two ITC anti-dumping cases in 1978 and 1984, winning both at the commission level.

He has spent 2-4 months every year in China since 1993, and until a few years ago would be visiting some 80 wire and cable and brass mill factories across the country every year. He now restricts these factory visits to a smaller number, all of which he has known for many years. Simon also spends many weeks each year traveling around Asia.

The focus of the company’s services is on the global economy, including the changing geopolitical and financial structures, China’s economy and its copper sector, and then the global copper industry as each part is interconnected.

Simon is the author of the “Frontline China Report Service,” which is marketed by the TIS Group. The Service provides regular reports on China’s economy, politics, and financial outlook.

Simon established this company in January 1996.

Tom welcomes back Tony Greer from the Morning Navigator to delve into the various market trends and investment strategies. Greer, who is bullish on gold, S&P, industrial miners, and uranium, while bearish on bonds, shares his perspective on the current economic climate. He references the volatile year of 1994, when the Federal Reserve raised interest rates to combat inflation, and believes that if similar circumstances arise again, the Fed will respond with rate cuts, leading to a bullish stock market environment. The commodity sector, particularly natural resources and housing, has seen a significant shift from tech markets, which remain mixed or flat. Greer attributes this trend to potential geopolitical tensions and increasing ISM manufacturing figures, possibly pointing towards the early stages of a World War III scenario. Greer discusses his bullish stance on gold due to central bank buying and physical demand. While some may view the recent gold rally as a head fake, he remains committed to the precious metal. He believes that declining total gold ETF holdings could indicate less speculation and increased interest in physical gold ownership. The speakers also touch upon the potential implications of increasing national debt on the US dollar and the possibility that fiat currencies, including the US dollar, will decline against gold. They ponder if the current trends in oil, copper, and other commodities represent a cyclical shift from underinvestment to materials necessary for economic growth. Throughout their discussion, they emphasize the importance of staying informed about market changes and adjusting investment strategies accordingly. Greer suggests repositioning portfolios towards natural resources and industrial sectors, despite slower growth compared to tech stocks, as these markets may have more significant impacts with smaller amounts of capital. The conversation highlights potential long-term consequences of current economic trends, including national debt levels and the role of gold as a safe-haven asset. Timestamp References:0:00 - Introduction0:40 - Bullish Stocks & Gold9:23 - Fed Games & Inflation15:12 - Gold Rally & Disorder17:15 - Gold Vs. Silver18:12 - Metals & Frustration20:30 - Capital Rotation23:17 - Gold ETF Declines24:42 - Metal Investing26:20 - The WHO Quagmire28:44 - Confidence in Media30:18 - Exponential Debt31:49 - Oil & Copper Cycles33:52 - Peak Frustration36:40 - Uranium Fundamentals39:13 - Time to Pay Attention42:30 - Wrap Up Talking Points From This Episode Tony is bullish on both gold, miners and the S&P 500. Declining Gold ETF Holdings could signal a shift from paper to physical. Tony discusses the importance of paying careful attention to your portfolio this year. Guest Links:Substack: https://tgmacro.substack.com/Twitter: https://twitter.com/tgmacroWebsite: https://tgmacro.com/E-Mail: [email protected] After graduating from Cornell University in 1990 Tony followed in his father’s footsteps to a Wall Street trading operation. He quickly learned his career path would be vastly different. He says, "I would not be sitting in the same seat on the same trading desk managing the same risk for the same firm for over 30 years." We have clearly entered a new era in financial markets. He began in the treasury department of Sumitomo Bank on the 107th floor of the World Trade Center downtown Manhattan. Tony was an FX trading assistant while the Quantum Fund was breaking the Bank of England in 1992. In 1993 he joined Union Bank of Switzerland as an FX and commodities trader, spending half a year as a Vice President in their Zurich treasury department. Then returned to New York City early in 1995 to join J. Aron & Company, the privately held commodity trading arm of Goldman Sachs. He managed risk for the Goldman Sachs Commodities Index, in precious and base metals trading, and futures and options trading on the New York Mercantile Exchange.