GOLDSEEK RADIO

Peter Schiff & Dan Norcini

12.08.2017 - By CHRIS WALTZEKPlay

Download our free app to listen on your phone

Download on the App StoreGet it on Google Play

Dec. 7th, 2017 Featured GuestsPeter Schiff & Dan Norcini Please Listen Here Show Highlights As the holiday season approaches, head of SchiffGold, Euro Pacific Capital, and Euro Pacific Gold Fund (EPGFX) returns with glad tidings for PMs investors.Our guest is particularly keen on the prospects of the silver market. Regarding Bitcoin (BTC), Peter Schiff notes, "... it (Bitcoin) could grow to be the biggest bubble in the history of the world..." Bitcoin and cryptos represent, "... an indictment of the Euro and the Dollar... BTC could run to $20,000 on FOMO or fear of missing out." Merely 1% own BTC, 3 million - the potential for widespread adoption combined with Metcalfe's Network Law. Contrary to naysayers, the true market bubble is clearly US shares, implying much higher BTC / PMs prices, well over $100,000 to even $1,000,000 per BTC. The host finds BTC mining comparable to PMs mining, which also requires tremendous energy expenditure, resulting in a unique store of wealth. BTC continues to accumulate the brightest engineers / developers and computer ASIC / Sha-236 hashing power.The net result is an unrivaled digital, peer-to-peer, monetary system, and an unregulated miracle. While the guest finds BTC mining amid elevated prices profitable, the host notes lower prices effectively decrease mining difficulty rates.The duo concur; everyone must procure PMs insurance to guard against increasingly ominous financial conditions, worldwide. Peter Schiff calls for $5,000-$10,000 per ounce gold, similar to BTC which is quickly approaching $15,000 (figure 1.1.). The topicality includes the importance of cold storage for BTC and related Altcoins. Goldseek Radio is running a limited offer of 1 free BTC cold storage wallet for each Annual Newsletter subscription, 2 for 5 years and 3 for 10 years.One of the key advantages of cold storage is the convenient access to funds, independent of broadband speed or PC / laptop issues. New subscribers receive their Ledger wallet sent immediately directly from Amazon, which reduces tedious blockchain download delays while vastly improving security. With the holidays just around the corner, Dan Norcini, a.k.a., Trader Dan returns with his outlook on the commodities sector. He follows the money flows to decipher investor sentiment, such as the Carry-trade that involves the USD/Yen. When the index is weak, sentiment is viewed as risk-on, favoring gold and silver; when the USD/Yen index is strong, the risk-off trade favors US equities. The accompanying chart indicates that investors turned to gold in 2016 while avoiding US shares, as the USD/JPY ratio declined.The theme reversed in 2017 as the USD/JPY firmed (figure 1.1). The host notes that the relationship breaks down out of sample, such as the 2008 credit crisis (figure 1.2.). Alternatively, the 50 period MA in the weekly chart or 200 period MA in the daily chart on S&P yields a nearly perfect relationship out of sample (figure 1.3.). In addition, the Commitment of Traders report (COT) offers clues by revealing the positions of the big players. Our guest outlines specific indicators for the silver market, including the notable correlation with the CRB index. Right click above & "Save Target As..." to download. To learn more about software needed to play the above formats, please visit the FAQ. Bitcoin Recovery100% Guaranteed, Zero Data Loss, Insured Shipping.Is your dusty hard drive hiding digital gold? Having issues with a legacy Bitcoin wallet (pre-Core)?No charge unless BTC is found - only a 10% fee.. 40% less than our competitors.Dave says, "Thank you Chris - you'll get a gift..." $3,000 BTG recovery!RECOVER your BTC! - NBR specializes in Bitcoin recovery by                                               extractin

More episodes from GOLDSEEK RADIO