Palisades Gold Radio

Tom welcomes back Matthew Pipenburg from Von Greyerz Gold Switzerland to discusses the seemingly inevitable economic decline. Matthew discusses the relevance of Ernest Hemingway’s perspectives on inflation and war to today’s economic landscape. Pipenburg emphasized the potential for political opportunists to manipulate conflicts and economic instability for their advantage, leading to long-term ruin. He also touches upon Hemingway’s background and how his experiences shaped his views on these issues.

The conversation shifts towards the importance of addressing misaligned incentives within systems and the potential dangers of fascist-like tendencies in modern politics. He discusses the implications of wealth inequality, consolidated power, and corporate influence on politics and decision-making bodies. He advocates for a reevaluation of anti-trust laws to combat monopolies in various sectors, including media, banking, agriculture, and tech.

Tom then asks about the significance of political intelligence and leadership. They discussed the historical context leading to economic crises and the implications of record-breaking public debt on society and the economy.

Pipenburg compares the economic situation Nixon faced in the 1970s with the present day, arguing that we have entered a permanent ruin stage from a period of temporary prosperity due to unprecedented issuance of debt. Matthew also explores the impact of monetary dilution on various asset classes, including Bitcoin, gold, and the S&P 500, in relation to the diminishing purchasing power of the U.S. dollar.

The conversation focuses on the cyclicality of the gold and silver markets and their long-term trends due to the loss of trust in fiat money and central banks seeking alternatives. He also discusses the potential implications of countries like China and Russia returning to a gold-backed currency as part of their economic strategies. Lastly, he encourages patience, objectivity, and critical thinking to protect against potential chaos.

Time Stamp References:
0:00 – Introduction
1:03 – A Timely Quote
10:00 – Systems & Incentives
21:47 – Harris & Political Games
24:13 – Gold, Nixon, & Politics
36:10 – 70s Inflation & Now
41:40 – Debt & Consequences
46:13 – Expectations This Cycle
52:24 – Monetary Dilution ‘Solution’
1:01:02 – P.M. Price Cyclicality
1:09:50 – Gold Backing Currency?
1:16:18 – Objectivity & Road Ahead
1:21:06 – Wrap Up

Talking Points From This Episode

Guest Links
Twitter: https://twitter.com/GoldSwitzerland
Website: https://goldswitzerland.com/
Articles: https://signalsmatter.com/
Book (Amazon): https://tinyurl.com/pvpfmy8c

Matthew Piepenburg is a Partner of Von Greyerz and the author of the popular book, “Rigged to Fail”. Matt is fluent in French, German, and English. He is a graduate of Brown (BA), Harvard (MA), and the University of Michigan (JD). His widely-respected reports on macro conditions and the changing behavior of risk assets are published regularly at SignalsMatter.com.

Tom Bodrovics welcomes back Justin Huhn, the founder and publisher of Uranium Insider newsletter. Tom starts the conversation by asking about the current supply side dynamics of the uranium market. Huhn explains that most models suggest market balance around 2029-2031 but expresses concern about meeting demand beyond this point due to declining rates of existing mine production. The physical uranium market remains structurally undersupplied, and midterm fuel supply developments indicate a significant shortfall.

The discussion then delves into the historical context of the nuclear market, highlighting the shift in public perception from negative sentiment to favorable views today due to clean energy associations. The tech industry’s involvement and China’s aggressive buying add to the market dynamics. However, challenges remain, such as financial institutions’ reluctance to fund new nuclear builds and cost concerns.

Huhn then explores the unique long-term contracting market of utilities, which account for over 80% of their uranium requirements. Flex provisions have been used during periods of low or high prices but are being phased out in new contracts due to the current seller’s market. He also discusses the potential implications of Russia restricting uranium supply to ‘unfriendly’ countries, causing significant disruptions and the potential ramifications for conversion and enrichment services.

Despite historically low inflation-adjusted uranium prices following a rapid increase in the early 2010s, utilities have been securing new contracts outside of Russia to bolster their inventories. The current price environment is bullish for the sector’s equity recovery, which has already started, with term and spot prices at levels not seen in a decade. Additionally, there are ongoing discussions about uranium equities lagging behind commodity prices. Huhn also mentions potential impacts of U.S. elections which could negatively impact markets.

Time Stamp References:
0:00 – Introduction
0:50 – Uranium Supply/Demand
7:38 – Historical Parallels
12:40 – Tech Sector & Nuclear
20:54 – Flex Contract Provisions
28:58 – Uranium Inflation Adj.
34:10 – Uranium Price & Equities
43:06 – Sprott SPUT Application?
45:50 – Russia & Unfriendlies
50:54 – Elections & Outcomes
55:23 – Wrap Up

Talking Points From This Episode

Guest Links:
Website: https://www.uraniuminsider.com/
Newsletter: https://www.uraniuminsider.com/newsletter
Twitter: https://twitter.com/UraniumInsider
Nuclear Now – Oliver Stone: https://www.imdb.com/title/tt21376908/

Justin is the Founder and Publisher of the Uranium Insider Pro Newsletter. Through the combination of rigorous fundamental analysis and Justin’s thorough understanding of technical analysis, determinations are made for select companies to be included on Uranium Insider Pro’s “Focus List,” as well as the most opportune times for entry or exit.

Justin is frequently asked to offer his commentary on various media forums, including Crux Investor, Smith Weekly, Palisades Gold Radio, Mining Stock Education, and Mining Stock Daily. He also regularly participates in the post-earnings commentary that is broadcast immediately after industry majors release quarterly earnings.

Justin is devoted to bringing value to those that are taking their first look at the uranium sector. Until July 2020, he distributed a complimentary newsletter as an educational tool to those investors seeking to familiarize themselves with the complexities and opportunities offered by the uranium sector and the uranium shares. Regrettably, the Uranium Insider Pro subscription letter’s subscriber growth and breadth no longer allow him to provide this tool.

The success of Uranium Insider has been gratifying, and the emerging bull market in uranium continues to offer an unusually attractive risk:reward proposition for fellow contrarian investors.

Tom welcomes back Steve St. Angelo of the SRSrocco Report for a discussion on the record-high prices of gold and silver. St. Angelo suggests these levels for silver could be a new floor as they’ve historically returned to production costs following price spikes. The average cost of primary silver production is around $26 an ounce, taking taxes and developmental costs into account.

St. Angelo stresses the importance of distinguishing investment demand from industrial demand when analyzing the silver market dynamics. A decade ago, there was a significant silver surplus due to decreased industrial demand which has since reversed with increased investment demand. Industrial demand is expected to consume all available supply, making additional investment demand potentially price-volatile.

Steve explores the impact of energy scarcity and continued money printing on production costs, driving up gold and silver prices due to inflationary pressures. They discuss the possibility of a market correction offering the last chance to buy silver at present rates.

Steve and Tom delve into the relationship between expanding money supply, debt, federal funds rate, and silver price. Looking towards the period leading up to 2025, a market correction is anticipated due to increasing unemployment and possible employment data revisions. Economic weakness could lead to reduced interest rates and more money printing, instigating inflation and purchasing power reduction. However, Commitment of Traders reports may not accurately reflect demand.

The global silver mine supply and output have been declining since 2015, necessitating existing inventories to bridge the deficit. This imbalance could lead to a substantial correction when prices significantly surpass production costs. Concerns about marginal silver supply include transparent and non-transparent inventories, solar industry demand, and copper prices as indicators of industrial demand and potential recession.

Steve discusses the shift from LBMA to ETF silver inventories. Pre-pandemic, there was significant physical buying leading to expanded ETF inventories. However, in 2022, overall LBMA inventories decreased due to Indian purchasing and ETF withdrawals.

Finally, Steve discusses the merits of assets such as Bitcoin, gold, and silver. While some view Bitcoin as a digital counterpart to gold, Steve contends that saving in Bitcoin is not the same as saving in precious metals. This is due to Bitcoin mining causing considerable share dilution and due to the energy costs.

Steve advocates understanding asset worth based on economic progress versus past activity, emphasizing energy’s role in asset value, and preparing for future energy realities.

Talking Points From This Episode

Time Stamp References:
0:00 – Introduction
1:22 – New Silver Price Floor
3:30 – Miners & All-In Costs
5:55 – Energy & Money Supply
8:44 – Types of Metal Demand
11:35 – Money Printing & Silver
15:13 – Purchasing Power & Rates
17:06 – Fed Cuts & Corrections
21:37 – Utility of COT Reports
23:52 – Mine Supply & Output
28:44 – Silver & Manufacturing
31:54 – Grid Stability & Solar
34:40 – LBMA Silver Trends
37:06 – Miner Production & Shares
40:35 – Dedollarization & Gold
47:50 – Dr. Copper & Economy
51:34 – Energy & Volatile Mkts.
54:13 – Energy, GDP, & Debt
55:20 – Federal Deficits Chart
57:10 – Trends & Collapse
1:00:48 – U.S. Spending & Budget
1:02:50 – Bitcoin & Precious Metals
1:06:10 – Energy Store of Value
1:09:25 – Wrap Up

Guest Links:
Website: https://srsroccoreport.com/
Twitter: https://twitter.com/SRSroccoReport
YouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g

Independent researcher Steve St. Angelo (SRSrocco) started to invest in precious metals in 2002. Later on, in 2008, he began researching areas of the gold and silver market that, curiously, most of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI “Energy Returned On Invested” stand to impact the mining industry, precious metals, paper assets, and the overall economy.

Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles on some of the top precious metals and financial websites.

You can find many of Steve’s articles on noteworthy sites, such as GoldSeek-SilverSeek, Market Oracle, Financial Sense, GoldSilver.com, SilverDoctors, TFMetals Report, Outsiderclub, SGTreport, BrotherJohnF, Hartgeld, Der-Klare-Blick, PeakProsperity, SilverStrategies, DollarCollapse, FurtureMoneyTrends, Sharpspixley, FinancialSurvivalNetwork, PMBull, Deviantinvestor, PMBug, Wealthwire, and ZeroHedge.

Tom Bodrovics welcomes back Bob Coleman from Idaho Armored Vaults. They explore current trends and insights in the precious metals markets. With gold and silver reaching record highs, excitement for investors should be palpable, but retail participation remains low due to factors like premiums and negative sentiment. High net worth individuals continue driving demand and the impacts of Indian gold and silver imports and buying activity was also discussed.

The conversation delves into the dynamics between managed money funds and swap dealers, the role of options markets, and the shift from COMEX to ETFs for investment. Bob also examines recent changes in margin requirements by the CME and their potential impact on market trends. Coleman emphasizes the importance of understanding dealer business models and avoiding sensational and fear-based reasons for buying precious metals. He warned against manipulative dealers, inflating prices through social media tactics, and advises careful reading of storage agreements.

Coleman further discusses physical precious metals demand from high net worth individuals due to tax planning, estate planning, counterparty risk concerns, and potential election policies. However, lease rates pulling back and increasing COMEX inventories indicates lower physical demand. Coleman also cautioned investors about overly sensational or fear-based reasons for buying precious metals. Investors should be cautious of agreements that move liability to the client. He emphasizes the importance of being prepared for market volatility, consider taking profits or protective measures, and understanding spot dealer practices.

Time Stamp References:
0:00 – Introduction
1:14 – Market Status & Highs
6:52 – Shorts & Metals Demand
12:00 – P.M. ETF Flows/Demand
17:05 – Demand Drivers
19:04 – Lease Rates & Premiums
24:02 – Compare Prices & Premiums
29:04 – User Agreement Red Flags
33:03 – Sensationalism & Fear
40:15 – Selling Back Metal
44:00 – ETFS & Metal Claims
49:44 – Elections & Narratives
53:00 – Wrap Up

Talking Points From This Episode

Guest Links:
Twitter: https://twitter.com/profitsplusid
Website: https://www.goldsilvervault.com/

Bob Coleman is a Registered Investment Advisor since 1992. In 2001, he founded Profits Plus Capital Management, LLC (RIA) and Dollars and Sense Growth Fund. Recognizing the necessity for physical metal storage, he founded Idaho Armored Vaults and Gold Silver Vault in 2008. They are a distinguished and respected leader in the precious metals industry specializing in storage, transportation, shipping logistics, and security.

Tom Bodrovics welcomes back Luke Gromen, the founder and president of FFTT (Forest for the Trees). They discuss the implications of the recent 50 basis point interest rate cut by the Fed and its potential impact on the US fiscal situation. According to Gromen, this cut signifies growing concerns from the Fed about the US true interest expense reaching an unprecedented level since the COVID-19 pandemic. The Fed’s two options are either allowing true interest expense to crowd out global dollar markets or cutting rates to alleviate it and stimulate receipts with a weaker dollar and higher inflation.

Gromen also mentions four destabilizing events: oil prices exceeding $80 per barrel, an increased US deficit outlook, the Japanese 10-year yield breaking through, and a politically disruptive event occurring in August 2023, which led to a US downgrade. With tighter financial conditions for the private sector but loosest for the US government despite interest rate sensitivity, Gromen predicts a potential gap between the Fed funds rate and two-year discounts, suggesting a recession instead of a soft landing.

Luke also touches upon the connection between treasury receipts and recessions, where they usually decrease significantly during a typical economic downturn. With the US already experiencing an 8% deficit of GDP, a potential recession could push it up to 13-14%, making the country less attractive for long-term debt investment, potentially leading to inflation and economic instability.

Gromen believes that large investors or ‘whales’ are influencing financial markets by buying gold, stocks, and selling Treasuries in anticipation of the Fed’s response to positive real rates. The scenario is likened to a movie where smaller traders react month-to-month while whales steer the economic ‘Titanic’. The text also outlines two potential bearish scenarios: austerity measures from the US government causing a downturn in all markets or capital controls and taxation driving investors to seek safe havens outside of the US.

The ongoing debate about introducing a sovereign wealth fund by both Trump and Biden administrations is discussed, with concerns over its feasibility given the current financial situation. Instead of running a surplus, governments plan to borrow money and invest it in assets, creating a ‘sovereign wealth fund with an asterisk’. The speaker also explores alternative solutions like increasing spending or rebuilding domestic production capability but acknowledges that someone must ultimately own the $35 trillion in US debt.

Luke discusses various economic ideas and scenarios impacting the global financial system, including the potential for revaluing gold mechanically to inject more money into the US Treasury or raising its price significantly to invest trillions into the Treasury General Account. The significance of a decreasing Baby Boomer entitlement spend due to an increase in mortality rates and China’s approach of allowing the yuan to float against gold are also touched upon. Throughout, there is an emphasis on understanding trade-offs and making informed decisions based on economic realities.

Time Stamp References:
0:00 – Introduction
0:46 – Feds 50-Basis Point Cut
2:47 – 4-Destabilizing Things
5:26 – Discounting Recession?
10:15 – US Debt Buyers
17:04 – Yellen & Stealth QE?
19:47 – Yield Curve & Signals
21:33 – Refinancing The Debt
23:52 – Debt Oscillations
25:52 – Math Doesn’t Care
29:50 – Political Decisions
34:40 – Noise & Whales
41:14 – Equity Bear Scenarios
46:55 – Sovereign ‘Debt’ Fund
50:40 – Grow Out of Debt?
55:57 – Possible Solutions?
59:05 – China & Dollar
1:01:10 – BRICS & US Strategy
1:07:18 – Gold/Oil Proxy
1:11:30 – Carry Trade Unwind
1:13:52 – Wrap Up

Guest Links:
Twitter: https://twitter.com/lukegromen
Website: https://fftt-llc.com/

Luke Gromen began his career in the mid-1990s in Research at Midwest Research before moving over to institutional equity sales and becoming a partner. While in sales, Luke was a founding editor of Midwest’s widely-read weekly summary (“Heard in the Midwest”) for the firm’s clients. He aggregated and combined proprietary research from Midwest with inputs from other sources.

In 2006, Luke left FTN Midwest to become a founding partner of Cleveland Research Company. At CRC, Luke continued to work in sales and edit CRC’s flagship weekly research summary piece (“Straight from the Source”) for the firm’s customers.

In 2014, Luke left Cleveland Research to found FFTT, LLC (“Forest for the Trees”), a macro/thematic research firm catering to institutions and individuals that aggregates a wide variety of macroeconomic, thematic, and sector trends in an unconventional manner to identify investable developing economic bottlenecks.

Luke also provides strategic consulting services for corporate executives. He is a graduate of the University of Cincinnati and received his MBA from Case Western Reserve University and earned the CFA designation in 2003.

Tom welcomes back Richard Duncan, economist and author of ‘The Money Revolution.’ The discussion revolves around the implications of Duncan’s latest work, which challenges conventional economic theories, particularly those rooted in Austrian economics. Their last conversation was over two years ago.

Duncan begins by recapping the ideas presented in his book, including how the unexpected response to the 2008 financial crisis, characterized by trillions of dollars in fiscal stimulus and monetary expansion, did not result in high inflation despite concerns from Austrian economists. He also highlights the shift away from a gold standard and its consequences, such as altered constraints on money creation, government borrowing, and trade deficits.

Furthermore, Duncan discusses the impact of these changes, including increasing income inequality and implications for inflation and wealth growth. The conversation also touches upon the economic environment shaped by the pandemic and its unprecedented fiscal and monetary stimulus measures, which led to high inflation rates.

Despite concerns about high inflation, the economic recovery led to significant wealth growth, enough to pay off the national debt with some money left over.

They discuss the implications of the stimulus and the lingering effects it continues to have on the economy. Richard is a proponent of establishing a sovereign wealth fund for the United States to finance investments in new industries and technologies, such as artificial intelligence, nanotech, biotech, fusion, quantum computing, and genetic engineering. The U.S. currently invests half as much in research and development compared to decades ago, leading to a slowdown in productivity and economic growth.

Additionally, Richard raises concerns about potential market vulnerability from lower interest rates due to the unwinding of the yen carry trade and inflated asset prices in the U.S. He emphasizes the significance of establishing a sovereign wealth fund for the United States and encourages listeners to visit his website, Richard Dunkin Economics dot com, for more information on economic events and their potential market impacts.

Time Stamp References:
0:00 – Introduction
1:02 – Fed & US Money Creation
12:40 – The Pandemic Inflation
17:33 – Growth & Technology
22:05 – Pandemic Choice & Wealth
32:01 – Recent Inflation Causes
42:14 – Sovereign Wealth Funds
53:28 – Buyers of U.S. Debt?
1:03:35 – Dollar Reserve Status
1:08:24 – Fed Rate Cut Decision
1:12:35 – Yen Carry Trade
1:16:09 – Wealth/Income Ratio
1:19:18 – Wrap Up

Guest Links:
Website: https://www.richardduncaneconomics.com/
Twitter: https://x.com/papermoneyecon

Newsletter Offer:
https://richardduncaneconomics.com
Hit subscribe and enter coupon code ‘Value’ For a 50% discount.

Richard Duncan is the author of four books analyzing the causes and the effects of the economic crises that have brought the global economy to the brink of collapse during recent decades.

The Dollar Crisis: Causes, Consequences, Cures (John Wiley & Sons, 2003, updated 2005), predicted the global economic disaster that began in 2008 with extraordinary accuracy. It was an international bestseller. The Corruption of Capitalism: A strategy to re-balance the global economy and restore sustainable growth (CLSA Books, 2009) described the long series of US policy mistakes responsible for the Crisis of 2008. The New Depression: The Breakdown Of The Paper Money Economy (John Wiley & Sons, 2012) introduced an important new analytical framework, The Quantity Theory of Credit, that explained all aspects of the global economic crisis that began in 2008.

His latest book is The Money Revolution: How to Finance the Next American Century (John Wiley & Sons, 2022).

Since beginning his career as an equities analyst in Hong Kong in 1986, Richard has served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok. Richard currently publishes Macro Watch, the bi-monthly video newsletter he founded in 2013.

Richard has appeared frequently on CNBC, CNN, BBC, and Bloomberg Television, as well as on BBC World Service Radio. He has published articles in The Financial Times, The Far East Economic Review, FinanceAsia, and CFO Asia. He is also a well-known speaker whose audiences have included The World Economic Forum’s East Asia Economic Summit in Singapore, The EuroFinance Conference in Copenhagen, The Chief Financial Officers’ Roundtable in Shanghai, and The World Knowledge Forum in Seoul.

Richard studied literature and economics at Vanderbilt University (1983) and international finance at Babson College (1986); and, between the two, spent a year traveling around the world as a backpacker.

Tom welcomes back experienced trader and creator of ProGoldTrader, Drew Rathgeber to explore issues within the Gold and Silver industry. Drew shares his industry journey, starting in spot markets 20 years ago and transitioning to futures in 2006. He emphasizes regulation’s importance, particularly for consumer protections and audits.

They discuss problems like excessive spreads exploiting elderly clients and the need for education. Drew shares his views on social media influencers and their good and bad aspects. The conversation also covers spot markets versus regulated futures markets.

Drew talks about Monex, a company offering the Atlas precious metals investment program. This financing mechanism targeted unsophisticated investors and generated revenue through high fees on trades, resulting in many millions in losses for customers.

They discuss investing in physical gold versus futures contracts, with smaller investments favoring physical gold due to absence of counterparty risk. The conversation touches upon issues surrounding precious metals investments using retirement funds, specifically Roth IRAs and 401K programs. He stresses the importance of understanding spreads and fees in these transactions.

Drew discusses a retired lady and why she was disqualified from opening a futures trading account. Drew emphasizes the importance of understanding risks involved in trading, especially with leverage positions. They briefly touch on contract sizes and risk management strategies, including removing market and volatility risks, using options for downside protection, and being cautious during uncertain times like Fed announcements. He stresses the importance of staying informed and managing risks based on individual comfort levels.

Timestamp References:
0:00 – Introduction
0:57 – Trust & Drew’s Background
4:18 – Regulations & Risks
9:22 – Changes in PM Industry
14:39 – History at Monex
19:42 – Fractional Metal Programs?
23:45 – Futures Markets & Leverage
27:40 – Physical Delivery & Spreads
37:08 – Other Programs & Cautions
42:55 – Fraud Risks & Criteria
47:12 – Futures Contract Sizes
50:03 – Managing Risk
52:03 – Investor Behavior 2024
56:40 – Lessons Learned
1:01:42 – Wrap Up

Talking Points From This Episode

Guest Links:
Website: https://progoldtrader.com
Email: [email protected]
Apply Online: https://progoldtrader.com/open-an-account/

Drew Rathgeber got his start trading spot precious metals at one of the nation’s largest bullion dealers in Newport Beach, CA in 2004. Then transitioned to futures in 2006, specializing in precious metals. Now is the owner and president of ProGoldTrader.com, which specializes in trading software and execution designed just for bullion traders.

ProGoldTrader.com is a dba of ProFuturesTrader.com

TRADING FUTURES, OPTIONS ON FUTURES, AND FUTURES SPREADS INVOLVE A SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL TRADERS AND/OR INVESTORS. PAST PERFORMANCE, WHETHER ACTUAL OR INDICATED BY SIMULATED HISTORICAL TESTS OF STRATEGIES, IS NOT INDICATIVE OF FUTURE RESULTS. ACCOUNTS CAN AND MAY LOSE MONEY. ONLY GENUINE RISK CAPITAL, MONEY YOU CAN AFFORD TO LOSE, SHOULD BE USED.

Tom Bodrovics welcomes back Gary Savage, a retired entrepreneur and commodity trader, about the current state and future prospects of metals markets, specifically focusing on gold and silver. Savage underscores the importance of considering larger time frames for understanding gold market trends, emphasizing a potential 13-year base pattern in gold and impending breakout. He anticipates gold prices to reach at least $7,000 and potentially $10,000 due to this significant base size. Silver’s volatility could lead to larger proportional moves, with expectations of it reaching new all-time highs towards the end of the bull market.

Savage differentiates gold and silver markets based on distinct fundamental drivers, discussing the potential implications of the war cycle, inflation, and recent dollar trend following the Fed’s Jackson Hole meeting. He encourages investors to remain attentive for a significant move upwards in metals and advises buying physical gold and silver before the anticipated breakout.

The discussion covers the significance of COT reports as a tool. Gary highlights the potential leverage from miners, but ultimately suggests that physical precious metals could yield greater gains in the long run. He delves into the impact of the upcoming FOMC meeting and the potential for a recession.

Mr. Savage shares his belief in the precious metals sector’s potential benefits due to the significant gold breakout, encouraging listeners to maintain a broad perspective despite market fluctuations. He dismisses energy, uranium, Bitcoin, and the stock market for investment purposes, favoring precious metals amid geopolitical tensions that could lead to a possible World War III. Savage concludes by urging listeners to stay focused on the big picture.

Time Stamp References:
0:00 – Introduction
0:40 – Big Picture on Metals
3:00 – Comparing Silver & Gold
5:12 – Commodities & Metals Diverge
6:37 – Dollar Fundamentals
8:26 – Gold Charts & Cycles
12:19 – Silver Chart & Outlook
15:22 – Trades & Timelines
19:00 – COT Reports Uses?
20:18 – Silver Miners & Leverage
22:40 – Dollar & Other Currencies
24:23 – Fed & Recession?
28:03 – War Cycle & Elections
30:00 – Regression Analysis
33:50 – Metals Sector Divergence
35:35 – Wrap Up

Talking Points From This Episode

Guest Links
Twitter: https:/twitter.com/garysavage1
Blog: https://blog.smartmoneytrackerpremium.com/
YouTube: https://www.youtube.com/channel/UCgiNs7gCxEvgBE1HHvoOKTQ/videos
Website: https://smartmoneytrackerpremium.com/login/

Gary Savage is a retired entrepreneur living in Las Vegas. He has been investing in stocks and commodities for 15+ years. Gary is a self-made multi-millionaire and attributes his financial success to savvy investments made in owning/selling several businesses, real estate, and, more recently, the stock market. He is also a national Judo, powerlifting, and Olympic weightlifting champion and world record holder. Gary holds national titles in 3 different sports and continues to challenge himself as an avid rock climber, and recently his newest endeavor bowling (two perfect 300 games so far).

Gary’s renown as a recognized trading/investment expert in the areas of precious metals, stock market, oil, and currency markets is demonstrated by his numerous internationally published articles in these market areas: Kitco, 24hGold, Gold-Eagle, Investing, 321Gold, Keyport, SilverSeek, TFMetalsReport, FuturesMag, ResourceInvestor, Silver-Phoenix, BayStreetBlog, BeforeItsNews, ETFDailyNews, TalkMarkets, JuniorMiningAnalyst, MarketOracle.UK, SafeHaven, GoldSeek, Mining, CommodityOnline, SilverMarketNewsOnline, StreetWiseReports, and InvestingNews.

Gary publishes the Smart Money Tracker, a daily and weekend market newsletter available online by subscription only, at a very modest price. This subscription-only site provides Gary’s in-depth daily commentary and chart analysis of numerous markets, including the stock, precious metals, oil, and currency markets.

Tom welcomes back Bob Moriarty to engage in a discussion about global conflicts and their potential impact on world affairs. Moriarty raises concerns over the United States’ involvement in Ukraine and Israel, as well as the possibility of China invading Taiwan. He emphasizes the critical nature of these events and expresses his belief in the imminence of such conflicts, which could involve multiple nations.

Moriarty questions America’s preparedness for war on multiple fronts and criticizes its past military interventions. Additionally, he discusses the importance of intelligence reports and geopolitical factors shaping world events. The conversation touches upon the upcoming US election, with both individuals expressing concern over potential chaos and uncertainty surrounding it.

Moriarty advocates for owning gold as an insurance policy against economic instability. Moriarty discusses investing in gold and mining stocks, focusing on the historical premium of platinum over gold, volatility of silver, and potential opportunities in junior silver miners.

Time Stamp References:
0:00 – Introduction
0:56 – Risks & Coming Volatility
4:40 – Conflicts & Reports
10:10 – China, Taiwan, & Logistics
13:35 – Elections & Conflict Risks
17:55 – Crises & Many Black Swans
21:40 – Totalitarian Moves
24:01 – Implications for Gold
25:40 – Mining Equities & Value
28:10 – Miners During Rate Cuts
29:49 – Fundamentals Vs. FOMO
32:04 – Inflation Waves & Cash?
35:38 – Commodities Undervalued
36:52 – The Chart
39:20 – Finding Great Miners
41:57 – Silver & Returns
45:14 – Why Platinum?
49:14 – Be Prudent & Prepared
50:33 – Wrap Up

Talking Points From This Episode

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 consultant Simon Hunt to delve into the distinctions between Western-oriented and impartial perspectives in global analysis. Their conversation evolves around the potential threats to the West’s global supremacy from the BRICS collective, spearheaded by China and Russia. This power transition could result in a loss of control over events and even the likelihood of war should diplomacy falter. The discussion also encompasses America’s historic aim to fragment Russia, recent geopolitical strains, and potential clashes in Israel and Iran.

Simon discusses the ongoing geopolitical stressors and their consequences for financial markets. Their discourse centers around the US-Russia confrontation, the influence of the deep state or neoconservatives on foreign policy, and the ramifications for oil prices, copper markets, and US equities and bonds. Simon posits that Russia’s reaction to Western antagonisms will be restrained but impactful, potentially triggering a substantial increase in inflation and a readjustment of monetary policy. The conversation also explores the potential repercussions of crises in Ukraine and the Middle East on the global economy.

Mr. Hunt discusses the motivations behind central banks and nations, specifically China, amassing vast quantities of gold as a safeguard against prospective currency devaluation and financial instability. He also voices his opinions on China’s housing market collapse being an intended move by the government to lessen local governments’ indebtedness and establish a foundation for future centralized fiscal and monetary policies if war occurs. Simon proposes that China is preparing for potential economic difficulties while maintaining a prudent stance in its fiscal and monetary policy.

Simon explores various economic matters, such as demographic problems in both the US and China, the legitimacy of economic statistics, and his views on market trends over the next few years. He suggests that the US economy might be experiencing a recession based on authentic data like deflated retail sales and employment numbers, true inflation rates, and genuine unemployment figures, which he believes are more precise indicators of economic activity than formal GDP or CPI numbers. Simon asserts that numerous countries, including the US and much of Europe, are either in a recession or heading towards one. He also expresses apprehension over governments manipulating information and the increasing mistrust among people due to heightened awareness. In terms of market predictions, Simon anticipates a steep decline in global equity markets and base metals by early next year, followed by inflation and a surge in long-term interest rates, culminating in a collapse of the financial system by 2028.

Time Stamp References:
0:00 – Introduction
0:45 – Thought West Vs. East
4:22 – Provoking Russia
10:16 – Israel & Middle East
16:08 – Incentives & Sensibility
19:17 – Risks with Russia
21:55 – Market Outlook Long-Term
28:44 – C.B./Smart Money Exiting
30:30 – China Use For Gold
33:34 – China – Housing Sector
37:50 – U.S. Demographic Issues
39:37 – Metrics & Fudgification
45:07 – Six Month Market Outlook
46:54 – Wrap Up

Talking Points From This Episode

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.