Palisades Gold Radio

Tom Bodrovics welcomes back Kevin Muir, the author of the Macro Tourist Newsletter and Substack, and co-host of The Market Huddle. Muir discusses market dynamics since the election, emphasizing that volatility has returned due to Trump’s unpredictable tweets and policies, particularly regarding tariffs and trade deficits. He argues for acknowledging these shifts rather than denying them.

Muir explains how reducing the US trade deficit could lead to devaluation of US stocks. He attributes globalization over the past two decades to an increase in global profits, but suggests that Trump’s efforts to reverse this trend and bring jobs back to the U.S. might result in higher labor costs and less capital flowing into the U.S. financial markets, potentially leading to lower stock prices for the US market compared to others.

Muir criticizes passive flows as the primary cause of high stock valuations and expresses skepticism about certain high-growth companies trading at such high valuations indefinitely. He also discusses potential implications if Trump successfully eliminates the US trade deficit.

Furthermore, Muir shares his belief that Trump could potentially lead to a weak dollar due to tariffs, devaluation of the dollar, and lower interest rates. He expresses uncertainty about Trump’s intentions regarding monetary policy and the Federal Reserve, noting potential opposition.

Muir favors investing in resource stocks of Canadian companies and financial assets due to economic challenges faced by future leaders in Canada. He also criticizes President Trump’s deregulation efforts and tax cuts, expressing concern over potential inflation or recession depending on public reaction and private sector credit creation.

Muir emphasizes the importance of considering gold trading from a long-term strategic perspective with the People’s Bank of China (PBOC) being the most important player due to their vast US dollar reserves and increasing diversification into gold for safety reasons. He advises traders to adopt a similar approach and not be swayed by short-term market fluctuations or technical analysis. Gold may ultimately be chased at the end of the accumulation process, according to Muir.

Time Stamp References:
0:00 – Introduction
2:03 – Volatility & Election
8:16 – Trade Deficits & Equities
13:50 – Valuation Drivers
22:29 – Rates & the Dollar
30:24 – The Fed Vs. Trump
36:17 – Recession Forecasts?
37:42 – Japanese Yen
40:23 – The Canadian Loonies
50:12 – Managing Expectations
57:04 – Change & Openmindedness
1:00:41 – China’s Gold Reserves
1:06:10 – Golden Fundamentals
1:11:00 – Outlook For Miners
1:15:04 – Wrap Up

Talking Points From This Episode

Guest Links:
Email for Sample Letters: [email protected]
Substack: https://posts.themacrotourist.com
Website: https://themacrotourist.com
Podcast: https://markethuddle.com/
Twitter: https://twitter.com/kevinmuir

Kevin Muir started as an institutional equity derivative trader for a big Canadian bank in the 1990s. In 2000, Kevin decided that bank-life wasn’t for him, so he traded his own account for the next two decades. Along the way, he started writing the MacroTourist newsletter, which he describes as an “almost daily” letter about the markets that still manages to have fun. The MacroTourist newsletter attempts to bring a unique take on a variety of different financial topics. Kevin’s tagline is, “All I Bring to the Party is 25 Years of Mistakes.”

Kevin Muir is a CFA and a graduate of the University of Toronto economics program.

Tom welcomes back Chris Vermeulen, the founder of The Technical Traders, to discuss market trends post-election and the impact of the looming economic debt situation. According to Chris, the small business sector has seen significant growth since Trump’s win, as indicated by the Russell 2000’s jump. However, he believes that the end of the economic cycle is near and advises investors to consider defensive assets like gold and utilities due to market uncertainty. Chris identifies the current market stage as a potential topping phase, with signs such as resistance levels in gold and energy stocks.

Chris highlights the challenges facing the economy, including an expensive housing market, rising unemployment, and struggling business sales in the S&P 500. Delinquencies for credit cards and commercial real estate mortgages are increasing, signaling a potential looming financial reset. The nervousness within the market is evident through strong performances of the U.S. dollar and gold as safe havens, with the New York Stock Exchange experiencing distribution selling and institutions unloading large shares.

Despite a bullish stance on equities, Chris suggests investing in bonds, the dollar, or cash during market volatility before transitioning to an inverse ETF during a potential bear market. He is excited about Bitcoin’s potential upward movement, predicting price targets using Fibonacci extensions and technical analysis, but remains skeptical of it as a long-term investment due to its volatile nature.

Chris expresses his concerns about gold from a cyclical standpoint, acknowledging that it has reached a significant resistance level, which is part of a 15-year cycle pattern. He suggests that the measured move is complete and that gold might consolidate before potentially moving up to around $3000. Chris emphasizes this doesn’t mean a downward trend but rather a pause in the uptrend.

Chris also believes that the Russell 2000, representing small caps in the US, serves as an indicator of when money might move out of riskier stocks into safe-havens like gold and the dollar. He anticipates gold will resume its defensive role once the stock market starts to show weakness, making it an attractive investment option again.

Time Stamp References:
0:00 – Introduction
0:48 – Elections & Markets
3:22 – When the Music Stops
10:40 – Nervous Markets
13:11 – S&P Order Book
15:06 – Trump & Dollar Scenarios
19:03 – Rate Cuts & Recessions
20:47 – Overall Trends & ETFs
22:54 – Bitcoin Chart
28:00 – Gold Technicals
31:41 – Overbought/Sold & Gold
34:46 – Silver Thoughts
36:05 – Next Crisis & Capital
38:19 – Bubbles & Buy The Dip?
42:36 – Market Stages & Strategy
44:33 – Oil Market Concerns
51:14 – 2025 Expectations
52:40 – Wrap Up

Talking Points From This Episode

Guest Links:
Twitter: https://twitter.com/TheTechTraders
Website: https://www.thetechnicaltraders.com/

Chris Vermeulen is the Founder of Technical Traders Ltd. Chris has been involved in the markets since 1997. He is an internationally recognized technical analyst, trader, and author.

Years of research, trading, and helping individual traders worldwide have taught him that many traders have great trading ideas, but they lack one thing. They struggle to execute trades systematically for consistent results. Chris helps educate traders, and his mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility.

He has also been on the cover of AmalgaTrader Magazine and featured in Futures Magazine, Gold-Eagle, Safe Haven, The Street, Kitco, Financial Sense, Dick Davis Investment Digest, and dozens of other financial websites.

Tom welcomes retired naval officer Matt Riley to the show. Matt shares his background in economics and global affairs and expresses his interest in the developing BRICS system. They discuss the BRICS alliance’s diplomacy, economic cooperation, and representation goals. Matt explains nBRIDGE, a decentralized settlement system, with gold acting as a stable store of value for settling trade imbalances.

Matt explains the use of gold in net settlement currencies and direct payment methods for energy transactions between BRICS Nations. The bilateral central bank and exchange agreements create a decentralized system, with Dubai being the second-largest gold trading hub due to its diplomatic neutrality.

Matt discusses the potential implications of the BRICS currency system on oil, gold, and silver. He suggests a more stable energy pricing structure could benefit all parties. Maintaining stability in energy prices is crucial for everyone’s benefit. The current system is serving BRICS nations by isolating them from the serious debt problems associated with the US dollar-based system.

Lastly Matt encourages listeners to shift focus from financial assets to community and social capital for true wealth and happiness. He can be found on X and frequently appears on Chris’s channel Arcadia Economics.

Time Stamp References:
0:00 – Introduction
0:34 – BRICS & Payment Systems
4:15 – Brief History of BRICS
10:22 – nBRIDGE Exchange System
13:43 – Gold’s Settlement Role
15:08 – Basket Structure?
16:41 – Volume of Use?
18:32 – Exchange Dubai vs. London
20:32 – BRICS Summit Russia
27:43 – Playing Both Sides?
31:24 – PMs & The Road Ahead
35:54 – Silver Role & Industry
40:07 – Oil & Dollar Hegemony
46:14 – Expectations for BRICS
48:40 – Bypassing Sanctions
50:50 – Change Mindset & Focus
53:15 – Wrap Up

Talking Points From This Episode

Guest Links
https://x.com/efbullion

Matt Riley is a follower of Jesus, Husband, Father, and retired Naval Officer. He has extensive experience in international security, as well as geopolitical and economic analysis.

In this edited X Spaces conversation, Tom Bodrovics is joined by an experienced group of precious metals experts including Drew Rathgeber, Bob Coleman, Jim Hunter, Steve St. Angelo, David Morgan and others. Focusing on the impact of recent events on precious metals markets, particularly after the U.S. election. They shared various perspectives on sentiment changes, correlations between precious metals and Bitcoin, market manipulation, and the role of managed money and futures trading. Drew discussed potential fundamental shifts in gold investments based on the election results and the correlation with increased debt and government spending. Steve spoke about the connection between precious metals and Bitcoin, noting how Trump’s support for cryptocurrency could influence investors. They also touched upon market manipulation, industry trends, and the impact of rising interest rates on dealers and investors. Overall, they acknowledged dealing with market manipulation as an unavoidable reality for investors.

They also discuss historical price movements in gold and silver and the possible influence of cryptocurrencies on metal prices. They emphasized the importance of physical precious metals as real assets against those backed by debt. They also discussed potential geopolitical implications and manipulation within commodity markets. Steve expressed concerns about escalating energy issues and their impact on financial debt. The conversation concluded with a focus on precious metals like gold, silver, and platinum as potential safe havens during economic instability.

Drew Rathgeber
Website: https://progoldtrader.com
Email: [email protected]

Bob Coleman
Twitter: https://x.com/profitsplusid
Website: https://www.goldsilvervault.com/

Jim Hunter
Twitter: https://x.com/JimSuncomm1
Website: https://allendale-inc.com

Steve St. Angelo
Website: https://srsroccoreport.com/
Twitter: https://x.com/SRSroccoReport
YouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g

David Morgan
Website: https://silver-investor.com/
Twitter: https://x.com/silverguru22
YouTube: https://www.youtube.com/user/silverguru

Tom welcomes back, Jesse Felder, founder, editor, and publisher of The Felder Report, to discuss inflation and its impact on investments. Felder argues that American citizens consider inflation a major issue, despite the Federal Reserve’s efforts to contain it. He suggested the Fed might accept higher-than-targeted inflation levels in the future.

Felder touches upon bond markets as indicators of potential inflation trends and the possibility of another “lost decade” for stock and bond portfolios due to current valuations. Felder criticizes passive investing, citing negative annual returns over a 10-year period, and emphasizes individual investors’ attention to Warren Buffett’s investment philosophy, focusing on valuation sensitivity.

Buffett’s massive cash position in Berkshire Hathaway was discussed, with reasons for his disinterest in gold and cautious approach due to concerns over the fiscal situation. Jesse suggests individual investors pay heed to Buffett’s underlying investment strategy while acknowledging opportunities unavailable to Berkshire Hathaway.

Felder also highlights the potential for a steep market reversal following the stock market’s overexuberance post-Trump’s election and emphasized insider activity and buy-sell ratios as indicators of earnings and economic disappointments in the equity market. He encourages investors to be cautious given current extreme valuations.

Felder expresses his interest on oil and gas stocks due to the changing inflation environment and the new floor at $70 for oil prices. He believes that energy producers would benefit from a more stable foundation for their commodity, despite concerns about the Strategic Petroleum Reserve’s size and potential implications of inflation and peak oil production.

Time Stamp References:
0:00 – Introduction
0:37 – Inflation Been Fixed?
3:45 – Fed & Inflation Targets
8:16 – Bonds & Reality
11:38 – Tariffs & Tax Cuts
14:10 – A Lost Decade?
18:05 – Warren Buffet Position
28:14 – Risk Exposure & Gold
32:08 – Market Exuberance
36:50 – Avoiding Loss
38:30 – Valuing Sectors
40:00 – Energy & Tech
43:44 – SPR & U.S. Production
46:38 – Peak Energy & Inflation
49:00 – Equity Mkt. Concerns
50:12 – Wrap Up

Talking Points From This Episode

Guest Links:
Twitter: https://twitter.com/jessefelder
Website: https://thefelderreport.com/
Articles: https://thefelderreport.com/blog/

Jesse Felder is the Founder, Editor, and Publisher of The Felder Report. He began his professional career at Bear, Stearns & Co. and later co-founded a multi-billion-dollar hedge fund firm headquartered in Santa Monica, California. Since moving to Bend, Oregon in 2000 and founding The Felder Report shortly thereafter his writing and research have been featured in major publications and websites like The Wall Street Journal, Barron’s, Yahoo!Finance, Business Insider, RealVision, Investing.com, and more. Jesse also hosts and produces the Superinvestors and the Art of Worldly Wisdom podcast.

Tom Bodrovics interviews Doug Casey in-person at his home in Argentina assisted by Ivor Cummins. Doug emphasizes the importance of focusing on areas like economics, history, science, self-improvement, and traveling to broaden perspectives amidst political uncertainties. He suggests that Argentina, Chile, Uruguay, Paraguay, southern Brazil, and the Southern Cone of South America could be ideal for relocation due to their civility, open spaces, low population density, and capacity for food security.

Doug shares his affinity for Argentina, despite its political instability and frequent revolutions, and praises its culture, ranching, and potential for food security. Doug expresses dismay over U.S. politics and the nomination of Kamala Harris, labeling her ‘stupid’ and ‘evil,’ alleging communist leanings. He believes that a potential economic downturn might be preferable for societal rebuilding but fears the Democrats’ potential power consolidation.

Doug discusses the upcoming economic downturn’s potential severity and longevity, comparing it to the Great Depression, due to the historic size of the financial bubble and vast debt accumulated by individuals and governments. He advocates for individual preparedness and self-reliance, advising listeners to learn new skills, acquire gold and silver, and speculate in markets. Doug also expresses optimism, suggesting humanity might explore other planets to overcome challenges and discusses the recent election’s impact on Gold and Silver prices, maintaining their fundamentals despite short-term fluctuations. He disdains market distractions like meme stocks and advocates for gold miners due to their low valuation relative to historical standards.

Talking Points From This Episode

Time Stamp References:
0:00 – Introduction
1:01 – Politics & Perspectives
3:55 – Plan B & Safe Countries
10:09 – Feel of South America
14:44 – Elections & Kamala?
16:30 – Positivity & Trump?
17:28 – Power & Deep State?
20:35 – The Greater Depression
24:19 – Migratory Invasion
26:20 – Agendas & Migration
27:30 – Financial Bubbles & Debt
29:40 – Fight and/or Flight?
31:20 – Election & The Dollar
34:15 – Gold Bull Markets?
37:03 – Debt & Depression
39:30 – Gold Bull Markets
41:48 – Knowledge & Trust
42:33 – Government Dependence
43:39 – Novels & Wrap Up

Doug Casey:
YouTube: https://www.youtube.com/channel/UCEJR3OAeHBNz7aGtFRZXArQ
Doug Casey’s Take: https://internationalman.com/
Amazon Novels: https://tinyurl.com/an3uxhc

Best-selling author, world-renowned speculator, and libertarian philosopher Doug Casey has garnered a well-earned reputation for his erudite (and often controversial) insights into politics, economics, and investment markets. Doug is widely respected as one of the preeminent authorities on “rational speculation,” especially in the high-potential natural resource sector. Doug’s most recent book, “Assassin,” can be found on Amazon.

He has been a featured guest on hundreds of radio and TV shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News, and CNN; has been the topic of numerous features in periodicals such as Time, Forbes, People, and the Washington Post. Doug has lived in 10 countries and visited over 175. Today you’re most likely to find him at La Estancia de Cafayate (Casey’s Gulch), an oasis tucked away in the high red mountains outside Salta, Argentina.

Ivor Cummins:
X: https://x.com/FatEmperor
Website: https://thefatemperor.com/
YouTube: https://www.youtube.com/@IvorCumminsScience

Ivor Cummins BE(Chem) CEng MIEI completed a Biochemical Engineering degree in 1990. He has since spent 30 years in corporate technical leadership positions. His career specialty has been leading large worldwide teams in complex problem-solving activity.

Since 2012 Ivor has been intensively researching the root causes of modern chronic disease. A particular focus has been on cardiovascular disease, diabetes and obesity. He shares his research insights at public speaking engagements around the world, revealing the key nutritional and lifestyle interventions which will deliver excellent health and personal productivity. He has recently presented at the British Association of Cardiovascular Prevention and Rehabilitation (BACPR) and also at the Irish National Institute of Preventative Cardiology (NIPC) annual conferences.
Ivor’s 2018 book “Eat Rich, Live Long” (co-authored with preventative medicine expert Jeffry Gerber MD, FAAFP), details the conclusions of their shared research.

In an in person interview at Doug Casey’s home in Argentina, Tom Bodrovics hosts Michael Yon and Ivor Cummins. The discussion revolves around the profound shifts in the global order post-Trump election. Michael Yon, a combat correspondent, author, and former Green Beret, underscores this era as pivotal due to evolving geopolitical dynamics rather than the election itself. He believes globalism, an age-old concept, gains traction with modern technology.

Yon implicates certain entities, namely Zionists, seeking control over specific territories for their interests. He warns of their intent to target Iran, Hamas in Gaza, Hezbollah, and Russia. Furthermore, he highlights the struggle between oligarchs, some aiming to decrease the world population and deindustrialize Europe.

The conversation delves into U.S. intentions behind the Nord Stream pipeline conflict with Russia. Factors include maintaining geopolitical distance, economic implications, and European deindustrialization. Threats from the U.S. towards fertilizer and agriculture sectors as potential means to instigate famines are also examined.

Michael questions Trump’s ability to end wars based on campaign promises and cautions about their unpredictability and longevity. He introduces concepts like staked goat tactics and green flag attacks, hinting at potential deception in conflicts.

Emphasizing the significance of clear language and context, Michael defines ongoing issues as invasions instead of crises or migrations. Weaponized migration as an ancient tactic of warfare is also discussed. Possible safe havens for personal freedom and security are debated, with reference to Doug Casey’s preferred countries.

The evolving perspective on drugs as weapons is addressed, including historical examples like the opium wars. Various forms of warfare, such as drug warfare and information warfare, are explored as tools used by adversaries to disrupt societies. Personal insights from Asia regarding Chinese infiltration into American political systems and banking sectors are shared. The detrimental effects of drugs on families and society are acknowledged, with concerns about their potential to weaken resistance against adversaries’ strategies.

Criticisms of political figures like Trump and Harris are voiced, as well as HIAS’s role in facilitating migration through the Darien gap in Panama. Influential figures like Alejandro Mayorkas, now leading the Department of Homeland Security, are mentioned in this context.

Timestamp References:
0:00 – Introduction
1:08 – Changing World Order
10:45 – Euro Problems & Farms
15:42 – Trump & The Conflicts?
23:00 – Invasion of the West
32:00 – Getting Out of Dodge?
34:10 – Attack Vectors & Drugs
38:53 – Stress and Life Quality
42:10 – Darien Gap & NGO’s
50:52 – Building Resilience?
53:20 – Gold & Jekyll Island
57:38 – Strategic Metals & Silver
1:00:04 – Get On Your A-Game
1:01:18 – Wrap Up

Talking Points From This Episode

Michael Yon:
X: https://x.com/Michael_Yon
Website: https://michaelyon.com
Website Mentioned: https://hias.org

Michael Yon is a former Green Beret, native of Winter Haven, Fl. who has been reporting from Iraq and Afghanistan since December 2004. No other reporter has spent as much time with combat troops in these two wars. Michael’s dispatches from the frontlines have earned him the reputation as the premier independent combat journalist of his generation. His work has been featured on Good Morning America, The Wall Street Journal, The New York Times, CNN, ABC, FOX, as well as hundreds of other major media outlets all around the world.

Ivor Cummins:
X: https://x.com/FatEmperor
Website: https://thefatemperor.com/
YouTube: https://www.youtube.com/@IvorCumminsScience
Book: https://www.amazon.com/Eat-Rich-Live-Long-Mastering/dp/1628602732/

Ivor Cummins BE(Chem) CEng MIEI completed a Biochemical Engineering degree in 1990. He has since spent 30 years in corporate technical leadership positions. His career specialty has been leading large worldwide teams in complex problem-solving activity.

Since 2012 Ivor has been intensively researching the root causes of modern chronic disease. A particular focus has been on cardiovascular disease, diabetes and obesity. He shares his research insights at public speaking engagements around the world, revealing the key nutritional and lifestyle interventions which will deliver excellent health and personal productivity. He has recently presented at the British Association of Cardiovascular Prevention and Rehabilitation (BACPR) and also at the Irish National Institute of Preventative Cardiology (NIPC) annual conferences.
Ivor’s 2018 book “Eat Rich, Live Long” (co-authored with preventative medicine expert Jeffry Gerber MD, FAAFP), details the conclusions of their shared research.

Tom Bodrovics welcomes back Christopher Aaron, founder of iGold Advisor and senior editor for Gold Eagle, for a discussion about market sentiment towards gold post-U.S. election results and the Federal Reserve meeting. Aaron shares his perspective on market cycles and warns investors about potential resistance levels for gold while expressing caution against abandoning precious metals entirely due to unforeseen circumstances.

They explore the impact of the U.S. election, Fed meeting, Trump presidency, and the Dow to Gold ratio on markets, emphasizing the significance of considering both present situations and future developments. Aaron also discusses his analysis of the gold to silver ratio chart, focusing on trends and their implications for investors, and the potential implications of Elon Musk’s involvement in Trump’s administration on reducing the U.S. government.

Chris also discusses Ron Paul’s advocacy for ending the Federal Reserve System and the possible significance of his inclusion in Trump’s administration, as well as the expected timeline for tax cuts and regulatory changes under the new administration and broader themes for the next decade. Throughout the conversation, they encourage listeners to broaden their perspectives and consider various markets and investments beyond precious metals.

Time Stamp References:
0:00 – Introduction
0:50 – Sentiment & Gold
8:50 – Fundamentals & Possibility
12:50 – Dow To Gold Chart
19:50 – Gold To Silver Chart
28:52 – Dollar Index & Outlook
34:00 – Energy & Mkt. Direction
46:50 – End The Fed?
50:08 – Tax Cuts & Timeframes
52:10 – Space Exploration
59:08 – Concluding Thoughts

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

Talking Points From This Episode

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 welcomes back Dr. Nomi Prins, financial expert and best-selling author, about the impact of the U.S. election on markets and her outlook for the economy. Dr. Prins highlights the disconnect between the thriving financial markets and the stagnant real economy, with high debt levels and inflation surpassing wage growth. The election brought attention to voters’ economic concerns, although neither candidate presented substantial plans for addressing debt and deficit issues. Trump’s promises on immigration and inflation reassured some, but his lack of a comprehensive economic strategy remains a concern for Dr. Prins.

Tom and Dr. Prins explore the economic implications of tariffs, focusing on Trump’s plan to impose tariffs on imports. The reduction in supply from tariffs causes price increases and inflation, potentially harming the domestic economy unless the country can offset these costs by participating in multiple parts of the supply chain.

The nuclear energy industry is positioned for growth following the election results, with companies like Microsoft and Amazon considering nuclear power deals. The state of energy development in the United States is also explored in the context of Trump’s plans to deregulate.

Dr. Prins discusses the movement of the US dollar after the election results and the potential for de-dollarization. The US dollar continues to be the world’s top reserve currency, but longer-term trends suggest de-dollarization through trade agreements in non-dollar currencies, alternative trading currencies, and infrastructure development. Central banks’ interest in gold as a hedge against risks, coupled with increasing demand from consumers in countries like China and India, positions gold to play an essential role in this framework.

Time Stamp References:
0:00 – Introduction
0:54 – Election Change Anything?
4:03 – Trump Economic Policy?
7:54 – Tarriffs & Consequences
11:35 – Senate & House
15:37 – Energy & Deregulation
17:53 – Permian Shale Status
20:22 – Strategic Mineral Reserve
24:02 – Capital Deployment Goals
26:40 – Nuclear Energy & Tech
32:54 – BRICS & Dedollarization
37:12 – Banking Architecture
38:31 – Gold Reserves & Trust
42:20 – Russia Silver Reserves
46:46 – Banks Diversification
49:02 – Banking System Stress
52:26 – Wrap Up

Talking Points From This Episode

Guest Links:
Twitter: https://x.com/nomiprins
Website: https://nomiprins.com/
Substack: https://prinsights.substack.com/

Dr. Nomi Prins as a Wall Street insider and outspoken advocate for economic reform, Nomi Prins is a leading authority on how the widespread impact of financial systems continues to affect our daily lives. She has spent decades analyzing and investigating economic and financial events at the ground level and meeting with those that shape the world’s geopolitical-economic framework. She continues to break stories by conducting independent research, writing best-selling books, and traversing the globe to share her knowledge and demystify the world of money.

Before becoming a renowned journalist and public speaker, Nomi reached the upper echelons of the financial world where she worked as a managing director at Goldman Sachs, ran the international analytics group as a senior managing director at Bear Stearns in London, was a strategist at Lehman Brothers and an analyst at the Chase Manhattan Bank. During her time on Wall Street, she grew increasingly aware of and discouraged by the unethical practices that permeated the banking industry. Eventually, she decided enough was enough and became an investigative journalist to shed light on the ways that financial systems are manipulated to serve the interests of an elite few at the expense of everyone else.

Tom welcomes back Dudley Baker, the founder of Common Stock Warrants. The discussion revolves around the current state of the resource sector, particularly precious metals, and the potential opportunities for investors in undervalued mining companies. Despite recent historic highs in gold and silver prices, many juniors and micro-caps in the mining industry have not yet seen significant gains. Dudley believes that an inflection point is near, when investors will recognize the value of these companies, possibly triggered by market crashes or impressive earnings reports.

Dudley explains that warrants, often attached to private placements act as incentives for investors, offering upside leverage and can be tradable. He emphasizes the importance of liking the underlying company before investing in its warrant and shares resources to monitor Canadian private placements and their associated warrants. The mining sector has the potential for massive gains, especially with the vast amount of data available. Dudley maintains a positive outlook and encourages investors to look for opportunities while they are still cheap.

Dudley shares his experience with successful warrant trades and discusses the differences between common stocks and warrants. He explains that publicly traded warrants, which can be bought and sold like any other stock, provide upside leverage without requiring the buyer to exercise them. However, for U.S. investors dealing with Canadian companies, you need access to specific platforms for exercising warrants.

Throughout the conversation, Dudley stresses the importance of insider activity as a crucial indicator for potential investments and shares his extensive database of warrants in various sectors. He also discusses misconceptions about stock warrants and offers advice on making informed investment decisions based on price charts and personal risk tolerance.

Time Stamp References:
0:00 – Introduction
1:14 – Macro Picture Resources
5:00 – Crash & Capital Shift?
7:30 – Elections & Trades
10:13 – Precious Metals & Politics
14:05 – Insider Activity
16:42 – Warrants Vs. Stocks
28:18 – Other Sectors & Opportunity
32:52 – Analysing Companies
39:06 – Warrant Watchlist
40:33 – Accessing Warrants?
46:00 – Picking Exit Points
52:12 – Costs & Benefits
58:05 – Wrap Up

Talking Points From This Episode

Guest Links:
Website: https://commonstockwarrants.com