Palisades Gold Radio Collin Kettell

Tom Bodrovics welcomes back Bob Elliott, Co-Founder, CEO, and CIO of Unlimited Funds, who shares his insights on how to evaluate skills from luck in investment outcomes. The discussion also touched upon the current state of inflation in developed countries like Europe, the UK, and the US. Despite recent supply shocks causing higher price growth, wages have matched or surpassed it, resulting in elevated rates exceeding central bank targets.







Elliott also addressed the concerns of central bankers regarding debt and income dynamics, mentioning the risks of negative reinforcing cycles and comparing credit-driven economic expansions to sustainable income-driven ones. The speakers discussed the relationship between government deficits and economic growth, debating whether high levels lead to significant stimulus or a large debt burden.







Regarding labor markets, Bob addressed the rising costs of inflation and the impact on reshoring production in the US. The speakers touched upon de-globalization, parallel supply chains, and shipping costs as causes for price increases and disruptions. The Fed's current monetary policy stance was discussed, with potential future actions debated due to low unemployment and while inflation is still above target.







Bob questioned the significance of specific labor market numbers and he also touched upon why the US economy avoided a recession despite predictions. In this income-driven environment, Bob discussed the shift from growth to value stocks and the impact on investable assets in sectors with earnings and market consolidation. The supercycle in resource markets was also discussed highlighting investment lags behind demand and potential higher commodity prices contributing to inflation.







Timestamp References:0:00 - Introduction0:47 - Investing Luck Vs. Skill4:18 - Understanding Biases6:54 - Evaluating Advisors10:05 - High Inflation & Rate Cuts13:06 - Why a 2% CPI Target16:56 - Time Preference & Demand20:12 - Types of Economic Expansion27:39 - Deficits & Growth30:32 - Inflation Forces33:52 - Goods Deflation & Supply37:30 - Reshoring & Labor Costs40:16 - Shipping & Disruptions43:24 - Container Ship Costs45:35 - Fed & Rate Cutting?48:02 - Labor Data & Noise50:05 - Global Bond Markets53:23 - U.S. Resilience?55:40 - Value Vs. Growth59:00 - Sectors & Resource Cycles1:03:52 - Wrap Up







Talking Points from This Episode









* Bob Elliott emphasizes the role of both skills and luck in investment outcomes, suggesting investors focus on evaluating individuals' ability to make informed decisions rather than solely relying on past successes.







* Central banks are grappling with rising inflation rates exceeding targets due to wage growth matching or surpassing price increases in developed countries like Europe, the UK, and the US.







* Elliott discusses the shift from growth to value stocks amid an income-driven economic environment, highlighting the importance of investing in sectors with earnings and market consolidation.









Guest Links:Website: https://www.unlimitedfunds.comTwitter: https://twitter.com/BobEUnlimited







Bob Elliott is the Co-Founder, CEO, and CIO of Unlimited, which uses machine learning to create index replication ETFs of 2&20 style alternative investments like hedge funds, venture capital and private equity.







Prior to founding Unlimited, Bob was a Senior Investment Executive at Bridgewater Associates where he served on the Investment Committee (G7) and created investment strategies across equities, fixed income, credit, exchange rates, and commodities,

In Part Two with Michael Oliver and Vince Lanci we discuss the growing political and economic uncertainties revolving around the upcoming 2024 election.







Michael highlights the potential chaos and unrest during the election. He suggests that if the stock market broke before the election, the Democratic Party might consider replacing Biden due to their emphasis on market performance. Tom mentions a poll indicating deep-rooted political divisions, with each party believing a win by the opposite would cause lasting harm to the country. This instability, Michael believes, is not being factored into markets and could lead to major shifts for global investors.







The duo expressed concerns about the upcoming election's impact on markets and society, emphasizing that elections usually bring uncertainty but, due to deep-rooted political divisions in the US, there is a higher risk of prolonged uncertainty. This could result in increased stock market volatility and even a contested election outcome. They mentioned historical examples like the 2008 election, secession attempts, and the role of gold during such times.







They also touch upon potential implications for gold markets if the U.S. election was contested. They emphasize buying dips instead of selling rallies for gold and silver as alternatives to a volatile stock market. They see gold as a competitive alternative when the stock market experiences volatility.







Furthermore, the conversation explored potential crises or geopolitical events that could lead to the suspension of the upcoming election, including manufactured ones. The speakers also touched upon the role of gold as a metric of economic stability and its potential impact on the election. Additionally, they reflected on the changing political landscape, the influence of various parties and foreign conflicts on the election outcome, and the potential consequences for free speech, civil unrest, inflation, monetary policy, and individual freedoms.







Time Stamp References:00:00 - Introduction00:51 - Fed & Panic Mode08:40 - 2024 Election Chaos?13:26 - Argentina & Milei19:33 - Seceding Successfully?24:41 - Fed Going Away?26:04 - Censorship & Free Speech29:10 - Suspension of Elections?31:18 - Geopolitical Black Swans37:03 - The Uni-Party & RFK39:56 - Metals & Signposts40:33 - Volatility & Buy The Dips42:17 - Wrap Up







Talking Points From This Episode









* The upcoming 2024 U.S. election is causing significant political and economic uncertainty which the markets have not priced in.







* Deep-rooted political divisions indicate a higher risk of prolonged uncertainty, increasing stock market volatility and potential for a market correction







* Gold could serve as an alternative investment during such volatile stock markets and potential black swan like events.









Vince Lanci - Guest LinksSpecial Discount: https://vblgoldfix.substack.com/TomPalisadesWebsite: https://vblgoldfix.substack.com/Twitter: https://twitter.com/SorenthekZeroHedge: https://tinyurl.com/3x72ndfcLinkedIn: https://www.linkedin.com/in/vincentlanci/Boobs & Bullion: https://twitter.com/boobsbullion







Vincent Lanci is the Owner and Founder of Echobay Partners LLC. and is a regular contributor on ZeroHedge.







In 2018 Vince was honored to be a part of Market Wizard Larry Benedict's Opportunistic Trader project as precious metals and Opt...

In this Palisades podcast episode, Tom welcomes back Michael Oliver from Momentum Structural Analysis and Vince Lanci, publisher of the Goldfix Substack. The discussion covers various markets - metals, equity indexes, commodities - and in part two, the upcoming election.







Michael Oliver initiates the conversation by analyzing the NASDAQ's remarkable growth since the 2009 Bear Low and its significance as a leading index due to its substantial percentage gain. He attributes this influx of funds to the M2 chart or Fed funds rate chart, directing investment into the stock market at that time. Michael then pivots towards the current market situation, sharing his view on momentum analysis and the election's potential impact, emphasizing the importance of examining trends beyond just price. He points to a major sell signal in January 2022, causing a steep decline followed by recovery.







Vince Lanci contributes by addressing the narrowing breadth in the stock market. He stresses that leadership changes are vital for overall market health and believes there's currently no breadth, limiting options if AI leadership falters. Vince explains how the stock indexes have shrunk from a broader group to key players.







The discussion also touches on copper and natural gas commodities before focusing on precious metals. Michael highlights the deceptive nature of the acceleration phase in a bull market and the significance of understanding trends and structures rather than relying solely on popular indicators like RSI or MACD.







They further delve into investment strategies based on silver market analysis and historical trends, sharing personal experiences and anticipating precious metals market movements due to geopolitical tensions and central banks' actions. Vince also brings a geopolitical perspective, focusing on central banks and sovereign wealth funds buying silver as an international trade collateral store of value.







They explore the potential for a new Bretton Woods and gold's ability to anticipate economic trends. Vince expects significant precious metals market movements due to the anticipated end of fiat currency and gold's role in predicting economic shifts, with concern about commercial real estate and stock markets potentially being affected by central banks' involvement.







Time Stamp References:0:00 - Introduction1:02 - Nasdaq & Momentum4:58 - Nvidia & Stock Markets?10:38 - Copper Importance12:53 - Natural Gas Chart18:44 - Past Silver Bull Mkts.24:30 - Momentum & Timeframes26:38 - Maintaining Perspective34:09 - Silver Spread Vs. Gold37:40 - C.B. Gold Buying & BRICS43:43 - Gold & The End of Fiat







Talking Points From This Episode









* Michael Oliver discusses the NASDAQ's growth, attributing it to funds shift post-financial crisis, emphasizing importance of understanding market trends beyond just price.







* Vince Lanci highlights narrowing stock market breadth and stresses leadership changes are crucial for overall health and potential risks if it falters.







* They explore investment strategies in precious metals, discussing historical trends, geopolitical tensions, and central banks' role.









Vince Lanci - Guest LinksSpecial Discount: https://vblgoldfix.substack.com/TomPalisadesWebsite: https://vblgoldfix.substack.com/Twitter: https://twitter.com/SorenthekZeroHedge: https://tinyurl.com/3x72ndfcLinkedIn: https://www.linkedin.com/in/vincentlanci/Boobs & Bullion: a href="h...

In this episode of Palisades Gold Radio, Tom Bodrovics welcomes back Francis Hunt, also known as the Market Sniper, for a discussion on the importance of shared experiences, living deliberately beyond the financial world, and the upcoming gold and silver discussion focusing on preserving assets during monetary transition. They emphasize the significance of understanding reality, accepting limitations, and building bonds for amplified experiences. Francis discusses the current economic situation involving debt contraction and the seesaw analogy representing nation states' debt levels and currencies. Japan's excessive debt is predicted to cause a currency collapse, leading to significant losses for various assets, including the 30-year treasury.







Francis discusses the reasons for owning physical gold, silver, and land as means to escape both systems and maintain control over possessions. He also discuss the importance of investing in industrial metals like copper as part of an inflation hedge during currency devaluation and suggest investing in commodities while shorting debt and fiat currencies. Francis predicts that gold will reach 2897, and silver may surpass it, in a parabolic phase of financial instability. They also analyze the performance of precious metals like Platinum, which has underperformed since 2009 but could experience overperformance based on historical trends and cross-valuation.







Time Stamp References:0:00 - Introduction9:55 - Analyze & Take Action13:32 - Resiliance & Emotions17:07 - Debt/Fiat Contraction19:56 - US 30Y Treasury Chart25:25 - Own Nothing and Be?29:23 - System Breaking & Gold32:30 - Fed & Who Prices Debt34:00 - Bond Rates & Control36:05 - Gold/Dollar Chart43:44 - 30Y Debt Reversion46:37 - Shrinking Dollar Value48:00 - Silver Levels & Support53:30 - Gold/Silver Ratio59:20 - Copper Chart1:01:42 - Coffee Chart1:03:48 - Gaps Down in Bull Runs1:06:39 - UPS Parcel Chart1:09:48 - Case For Platinum1:19:22 - Wrap Up







Talking Points From This Episode









* Amidst economic instability, owning physical gold, silver, and land provides control over possessions and escapes debt-based systems.







* Platinum has underperformed since 2009 but could experience overperformance due to historical trends and cross-valuation.







* Invest in commodities like gold, silver, and platinum while shorting debt and fiat currencies during stagflation.









Guest LinksTwitter: https://twitter.com/themarketsniperTwitter: https://twitter.com/thecryptosniperWebsite: https://themarketsniper.com/YouTube: https://www.youtube.com/user/TheMarketSniper







Francis is a trader, first and foremost. Unlike most educators in the trading space, Francis walks the walk and talks the talk, with 30 years of experience trading his personal capital on various markets and instruments. Through this passion for trading and his relentless study of markets and economic theory, he uses the Hunt Volatility Funnel trading methodology, a systemized approach, to answer the critical question: What is the next most profitable trade?







He believes the actual price of an asset is the most accurate reflection of all the factors that influence it. Practical technical analysis, the study of price action over time, is needed to formulate profitable trade ideas. Indeed, with all the market manipulation and high-frequency trading operations currently in play, technical analysis is all that can be relied upon when it comes to formulating future price trends. A trained eye can often spot such manipulative pract...

In this episode of Palisades, Tom Bodrovics welcomes back metals analyst David Jensen to discuss the volatile gold and silver markets, with a focus on the London market's reliance on promissory notes for trading and its potential physical supply issues leading to risks of default. They also touch upon the large trading volumes in London, deficits in the silver market, increasing demand from China, and concerns over retail investors influencing silver prices due to ETF manipulation and rehypothecation.







David shares his perspective on factors affecting the silver market during the 2020-2021 silver squeeze, including inventory disappearance in China, Shanghai exchange's influence, potential catalysts like central banks buying gold or conflicts, and the City of London's involvement in a longstanding global gold and silver fraud.







The conversation further explores the impact of various factors on gold and silver markets, including concerns about transparency regarding lease rates, central bank sourcing of metal, and potential consequences for major banks if they cannot cover contract losses. Overall, Jensen emphasizes the importance of understanding the significance of physical supply issues in the metals market and staying informed to avoid ignoring important matters.







Time Stamp References:0:00 - Introduction0:37 - Re-hypothecation & London7:17 - Bullion Banks & Physical13:20 - Paper Ponzi?15:08 - ETF Drawdowns & Supply17:23 - Jeff Currie Comments19:00 - Bullion & China Influence23:17 - News Driven Catalysts26:30 - Money Supply & Bank Buying29:15 - Demand Picture & Drawdowns30:35 - C.B. Metal Sourcing?32:22 - Debt & The Silver Lynchpin39:12 - Media & Reaching People41:08 - Wrap Up







Talking Points From This Episode









* David discusses volatile gold and silver prices due to physical supply issues in the London market.







* Jensen warns of potential risk of default from reliance on promissory notes in London gold and silver trading.







* He highlights significant deficits and dwindling inventories in the silver market, which will eventually cause a crisis.









Guest Links:Substack: https://JensenDavid.substack.com/Gab: https://gab.com/DavidJensenReddit: https://www.reddit.com/user/j_stars/Jeff Currie Video: https://www.youtube.com/watch?v=ESxpDsUmQRE







David Jensen, P.Eng., LL.B., MBA, is a Professional Engineer with a degree in Engineering from the University of Waterloo in Canada. He worked through 1993 on the F-5 Fighter Overhaul program and the Bombardier Regional Jet programs. Mr. Jensen then graduated with an LL.B. degree in corporate and commercial law from the University of Calgary and an MBA from Univ. of B.C., majoring in Logistics and Supply Chain Management.







Returning first to aviation, then, after reading Austrian School Economics, Mr. Jensen transitioned to the mining industry in 2004. First through his mining industry consultancy, then as Vice President of Corporate Development for Western Copper Corp., and most recently as President and COO of Skyline Gold.







Mr. Jensen currently serves as President and COO of a private mining company and provides strategic, operational, risk assessment, and precious metals consulting services through his consultancy, Jensen Strategic.

In this Palisades interview, Tom Bodrovics welcomes back hosts global forecaster David Murin to delve into the differences between lateral and linear thinking in the context of current world conflicts. Murin posits that empires cycle through phases of thinking, with laterals leading initially and linears taking control as empires mature. He attributes the current global climate to an unprecedented level of linear thinking due to sophisticated money printing over the past two decades, which has left societies inflexible to dynamic threats.







Murin further discusses geopolitical implications, particularly regarding the Houthis' actions in the Red Sea and its significance for American maritime hegemony. He raises concerns about China's involvement and advanced military capabilities, emphasizing the importance of maintaining control over critical sea lanes for wealth and resource extraction.







Murin believes historical cycles of war could have been avoided with greater awareness and full-spectrum deterrence, aligning with the 112-year contractive cycle that has led to hegemonic conflicts throughout history.







David also shares his views on China's strategic intentions and resource acquisitions, arguing that China is not primarily concerned with wartime resource gathering but rather denying resources to the West. He points to Argentina as an example where Chinese interests were rejected, giving the West a foothold in the region. Murin suggests Western engagement and political activism are necessary for regime change in countries with autocratic regimes.







He uses numerous price-based systems to understand various markets and sectors, predicting a decline in bond prices and increased inflation for commodities due to excess demand from fiat money. David sees the current situation as a commodity supercycle that affects the entire commodities complex and causes inflation for all physical resources. War contributes to inflation during these cycles. Murin warns of impending wars, emphasizing the importance of adapting and strong leadership in response to threats.







Time Stamp References:0:00 - Introduction1:02 - Types of Thinking6:20 - Shipping & Shrinking Empire12:40 - Inevitable Conflict?16:07 - China Growth & Cycles20:37 - The Art of War24:12 - BRICS & China26:33 - Fentanyl Problem28:10 - Results of Energy Tariffs31:33 - Inflation & Central Banks36:48 - Models & Mkt. Behavior38:32 - Bond Markets & Gold42:40 - War & Inflation43:53 - Important Developments46:00 - War is Upon Us49:01 - U.S. Navy & Defense52:30 - Wrap Up







Talking Points From This Episode









* Empires cycle through lateral and linear thinking phases, with current global climate characterized by unprecedented linear thinking due to sophisticated money printing.







* Geopolitical implications include challenges to American maritime hegemony in the Red Sea and China's potential denial of resources to the West.







* Historical cycles indicate ongoing hegemonic conflicts and the importance of full-spectrum deterrence, with impending wars requiring quick adaptation and strong leadership.









Guest LinksTwitter: https://twitter.com/GlobalForecastrWebsite: https://www.davidmurrin.co.uk/Lateral Vs Linear Thought: https://www.youtube.com/watch?v=F_v5720RPmw&t=636s







David Murrin began his unique career in the oil exploration business amongst the jungles of Papua New Guinea and the southwestern Pacific islands. There, he engaged with the numerous tribes of the Sepik River,