Palisades Gold Radio is the largest online discussion platform for junior mining globally. Each week, host Collin Kettell interviews top experts in the energy and mining space to discuss macro trends and identify strong investment ideas. With over 1,000,000 views in just three years and videos viewed from over 150 countries around the world, Palisades Gold Radio is the best place for top quality mining content. Guests have included Robert Kiyosaki, Don Coxe, Rick Rule, Eric Sprott, Doug Casey, Frank Holmes, Marc Faber, Jim Rogers, and much more. Visit us at www.palisadesradio.ca
Francis Hunt: Silver Will be the Shooting Star
Tom welcomes Francis Hunt "The Market Sniper" back to the show.
Francis discusses the longer view on precious metals and why they should outperform again in the not too distant. The precious metals genie has been suppressed and put back in the bottle for now. He examines the technical structures on the gold chart and possible breakout scenarios.
He's a massive fan of comparing assets to each other to find those that are underappreciated. Francis explains how they combine investing and trading to increase both their physical and cash positions. Forensically analyzing chart structures can reveal market direction. These structures are often created by insiders who are manipulating markets.
He is very bullish on silver and points out the important resistance levels like $28. We've been consolidating for over seven years and Francis is optimistic about silver. The gold/silver ratio is important but investors need a bit more patience before it pays off.
Platinum has been getting crushed recently and this is looking like an excellent opportunity. Platinum is normally higher than gold since it is far more scarce and difficult to mine than gold.
The U.K is experiencing problems with energy and resorting to using coal. Francis discusses the recent phenomenal break out in natural gas but cautions that investors should let it run at this point. Keep in mind you don't have to catch all the opportunities.
Uranium is on a breakout out and he looks at the technical picture for the metal and Uranium Energy Corp. Since this latest rally, there is now room for a correction. Investors may want to consider taking some profits.
His technical approach includes watching volume since it's a seperate dataset which is distinctly useful. He makes the case that moving averages are not that useful as they are lagging indicators of manipulated pricing.
Lastly, he discusses the chart for First Majestic and details the risks of chasing markets. It's best to make the best of what you have and stay with quality. Avoid giving into emotion and stick to a strategy that works for you. Find your passion and what motivates you. Trading is one way to determine your strengths. Conquering your subconscious mind is key and to that end, he recommends several books.
Time Stamp References:0:00 - Introduction1:00 - Gold Analysis12:19 - Gold Re-tests22:17 - News/Macro Factors24:22 - Silver Technical's34:55 - Technical Tools39:42 - Platinum Metals50:15 - Natural Gas & Energy54:11 - Uranium59:00 - Other Indicators1:03:05 - First Majestic1:07:07 - Measuring Opportunity1:13:02 - Wealth Building1:21:27 - Wrap Up
Talking Points From This Episode
* Precious metals and a long-term outlook.* Energy prices and risks with chasing markets.* Uranium breakout and why a pullback would be healthy.* Conquering your subconscious, finding your passion, and what motivates you.
Guest LinksTwitter: https://twitter.com/themarketsniperWebsite: https://themarketsniper.com/YouTube: https://www.youtube.com/user/TheMarketSniperPure Gold Company: https://marketsniper.me/3t0t38j
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,
Dr. Stephen Leeb: Beginning of a New Age of Currencies
Tom welcomes Dr. Stephen Leeb, financial author, wealth manager, and newsletter publisher, back to the show. Stephen discusses China's imminent plans to launch a digital currency. Initially, it will be used domestically but they plan on taking it international by basing it on a basket of currencies. He believes there will also be a gold backing. It should be simpler to use than the existing monetary system and he expects a lot of countries to adopt this system. A gold backing to this currency will be crucial as the world is tired of the existing US dollar system.
Commodities are increasingly crucial for society and a lot more copper is going to be needed. Energy will continue to be incredibly important to the world. The world isn't going to accomplish what is needed under the US dollar system.
Gold has always been a threat to the dollar as it has been considered to be the currency of choice for centuries. He discusses the three in the morning raids on gold and why gold is the only commodity out there that can call itself a currency. The U.S. will do anything it can to avoid a gold standard but in the end, won't be successful.
He argues that bitcoin is terrible due to its energy use and also its use by various criminal organizations.
The United States is buying its own bonds and the financial world is severely out of wack. We see low bond yields and numerous bubbles being pumped up. Mortgages cost very little and payments are low. People today can borrow for very little and buy investments on margin. Low-interest rates are creating dangerous bubbles and distortions. When money is free bubbles are created and are begging for a catastrophe.
Climate change has become a religion and there are severe risks with limiting the oil and gas business. We will need to use a lot of fossil fuel energy to build out renewables. He has serious concerns about the policies surrounding climate change. These policies will have dramatic impacts on the population and the economy. We are creating an economic crisis via flawed policies.
Time Stamp References:0:00 - Intro0:37 - China's Digital Currency20:19 - Gold Backing?28:00 - Bitcoin a Threat?31:00 - Financial Crisis Bubbles37:10 - Energy and Oil42:05 - Restoring the World45:55 - Concluding Thoughts47:18 - Wrap Up
Talking Points From This Episode
* China's plans for a digital currency and the global implications.* Why commodities and energy availability remain crucial to society.* Bubbles and manias due to money printing.* Climate change policy risks and potential for drastic impacts on society.
Guest Links:Twitter: https://twitter.com/LeebPhdWebsite: https://www.leeb.net/Website: https://www.stephenleeb.com/His Book Amazon: https://tinyurl.com/y4wphb87Book Mentioned: https://tinyurl.com/4pdbt3u6
Dr. Stephen Leeb is a recognized authority on the stock market, macroeconomic trends, and commodities, especially oil and precious metals. As Chairman and Chief Investment Officer of Leeb Capital Management, Dr. Leeb combines his knowledge of macro-economic trends and current market conditions with detailed information about specific companies he follows to guide the Committee's investment decisions.
Stephen Leeb is a financial author, wealth manager, and publisher of a family of investment newsletters. He has been a recurring guest on CNN, Fox News, NPR, Bloomberg, and many others through the years. Leeb was also said to be one of the country's foremost financial experts,
Antony Davies: The End of Your Social Security
Tom welcomes a new guest to the show, Antony Davies. Antony is a professor of economics, speaker, author, and podcaster.
Antony Davies explains the importance of working from first principles. If you don't start with fundamentals problems can compound as we see regularly with government. Concepts such as minimum wages can have unforeseen consequences. Every action comes with a trade-off and a cost.
People generally have the belief that government can do things better for the common good. Inevitably, people pursue what they perceive to be in their own interest. On average the politician who really wants to be elected will be elected. Voters aren't good at scrutinizing the political motives of politicians. So they will tend to not vote for the optimal person. This can have disastrous consequences since politicians will promise the moon and much of the public will believe them.
Health care is one of the most highly regulated industries in the United States. Employers began paying for insurance for employees because of past wage control policies. Today, we create additional regulations in an attempt to repair these past issues. Inevitably government only compounds the prior problems. He says, "The solution is to get the government out of the playing field."
Foreign producers due to climate are able to grow sugarcane for a third of the costs of U.S. producers. This led the U.S. sugar industry to lobby for tariffs. These tariffs created a lot of jobs and thus votes but the citizenry did not realize why sugar became more expensive.
He discusses the national debt the fallacy of "we owe the money to ourselves." Unfunded liabilities are not legal obligations because the government can change the rules. However, it is money they have promised to pay out and most people would consider not paying a government default. Today unfunded liabilities are between 100 and 200 trillion. Repaying it is a mathematical impossibility. There is no way the government will ever make good on it. It's quite clear that the U.S. Government is running out of places and people from which it can borrow money.
Taxing the rich today is a problem primarily because we're running out of rich people. The amount of money the government requires now vastly exceeds the wealth of billionaires. If we confiscated all the wealth of the billionaire class we would only cover the expenses for a year. No matter what the government does the income from taxes never seems to be able to exceed 18% of GDP. The balance sheet of the U.S. government is terrible when compared to its liabilities. The U.S. is currently bankrupt, voters just haven't realized this yet.
For now, they will do their best to make the minimum payments. Soon, however, they won't be able to cover the unfunded liabilities. The Fed is on a tightrope between inflation and suppressing rates. A dollar has value because you can buy something with it and as you print more money you spread the dollars more thinly. What we want is more goods and services, not more money. Inflation is insidious as most people don't understand that it's a form of taxation.
Antony explains why central bank digital currencies will fail to solve many of the governments' problems. In addition, they bring greater risks of taxation and control.
Lastly, he discusses the CDC's recent overreach and involvement in the housing markets. The Federal government lacks the constitutional authority in many areas. Legally these policies should be done at the state level.
Time Stamp References:0:00 - Introduction1:10 - First Principals3:56 - Equality Tradeoffs6:37 - Unintended Consequences15:05 - Problem is Government15:59 - Sugar Industry20:09 - Virgin Plastic Tax22:20 - Gov't Debt Myt...
Axel Merk: Disincentives to Work Are Growing
Tom welcomes Axel Merk to the show. Axel is the President and CIO of Merk Investments.
Axel discusses the ECB's recent press conference and Christine Lagarde's comments. The ECB adjusts its mandate in whatever direction they desire so long as it's in the interest of the European Union. There has been a tiny uptick in credit spreads and this caused them to print further while discussing tapering.
The pandemic has caused distortions due to stimulus and caused parts of the economy to slow or shut down. Bankers are calling inflation transitory and clearly, some sort of support was necessary. Much of the liquidity generated has been mopped up with other central bank programs like reverse repos. In order to get inflation in earnest, you need to get spending through direct stimulus. He's concerned about banks becoming involved with digital currencies because that could provide them with additional control mechanisms.
There may be problems generated with the mid-terms in the U.S. however additional infrastructure spending seems very likely.
He explains how their funds manage over a billion in precious metals and mining companies. They take these positions to mitigate potential economic risks. The closest historical comparison to today seems to be the roaring 1920s which will all know ended badly.
Gold price will adjust after an equity sell off and the policy reaction to a deflationary shock is good for precious metals. Gold is quite likely to maintain its value compared with most investments.
The best investment you can make is in yourself. You are a fixed income generating machine and you can control your work skills. Invest in your own health and resilience. Use this time to be less dependent on the existing system.
Time Stamp References:0:00 - Introduction0:38 - ECB Press Conference6:14 - Business Cycle8:47 - Stimulating Velocity10:35 - C.B. Digital Currencies15:32 - Fed Rate Hikes?21:22 - US Mid-Terms and Biden22:48 - Economic Recovery?25:08 - Doomsday Scenario27:11 - Outlook for gold31:18 - Gold & Equity Selloff33:02 - Deflationary Shocks34:40 - Banking Regulations36:56 - Building Resilience39:40 - Wrap Up
Talking Points From This Episode
* ECB and Central Bank Policies* Stimulus, full employment, rates, and tapering.* The economic recovery and mitigating risk.* Building resilience and building independence.
Guest Links:Twitter: https://twitter.com/AxelMerkWebsite: https://www.merkinvestments.com/LinkedIn: https://www.linkedin.com/in/axelmerk/detail/recent-activity/Amazon Book: https://tinyurl.com/4ebpcaew
Axel Merk is the President and Chief Investment Officer of Merk Investments, manager of the Merk Funds.
Founder of the firm bearing his name, Merk is an expert on macro trends. He is a sought-after speaker, contributor, and author; Axel Merk's book, Sustainable Wealth, describes how the greater economic universe works, how it might affect your finances, and how to manage those finances to seek financial stability. Axel Merk holds a B.A. in Economics (magna cum laude) and an M.Sc. in Computer Science from Brown University.
Axel Merk founded Merk Investments in Switzerland in 1994; in 2001, he relocated the business to California. He has grown Merk Investments into an investment advisory firm offering investment funds and advisory services on liquid global markets, including domestic and international equities, fixed income, commodities, and currencies.
Tavi Costa: Deglobalization Will Steepen Inflation
Tom welcomes back Tavi Costa of Crescat Capital to the show.
Tavi discusses the key causes of inflation and how it drives inequality. We're seeing increasing use of food stamps and helicopter money which are directed toward the bottom fifty percent of the public. A lot of inflation is showing up in housing which has a large impact as a whole.
We're seeing a secular increase in wages and salaries and continued monetary dilution by central banks. There is a rush towards anything tangible as policymakers have many reasons for spending while suppressing rates.
The Fed is cornered between the need to control rates while preventing inflation. If the costs of capital rise we will see major issues in equities and bonds. Everything is overpriced and rate suppression is necessary to justify valuations. Soon inflation will be difficult to ignore and the Fed will be trapped.
Tavi expects a shift in money velocity which will increase inflation. Higher wages will squeeze the margins of many companies and those costs will likely be passed onto consumers. Expect commodities and natural resources to outperform in the coming years and likely become market leaders.
He explains why gold can work very well in even a deflationary environment as seen over the past two decades in Japan.
Primary silver deposits are difficult to find but there are opportunities as fundamentals have improved with the miners. That will continue to increase the demand for exploration.
China is the largest deflationary risk in the world. There are large currency risks along with massive credit bubbles not unlike the United States. Rising commodity input costs will impact manufacturing which could spill over to the rest of the world.
Lastly, Tavi discusses what could trigger the next move up in gold. Central banks will continue to look for assets that can improve their balance sheets. Both gold and silver are getting primed for another leg higher.
Time Stamp References:0:00 - Introduction0:42 - Pillars of Inflation9:48 - Fed Stuck?14:39 - Deflation?20:14 - Wages & Money Velocity26:36 - Golds Optionality31:47 - Gold Restrained36:37 - Silver & Silver Miners42:04 - China & Credit Bubbles49:34 - China & Global Risk56:58 - Concluding Thoughts59:26 - Wrap Up
Guest Links:Twitter: https://twitter.com/TaviCostaTwitter: https://twitter.com/Crescat_CapitalWebsite https://crescat.netInstagram: https://www.instagram.com/tavicostamacro/
Talking Points From This Episode:
* The causes of inflation, its effects, and expanding bubbles in assets.* Fed cornered between keeping rates low and inflation concerns.* Higher wages and commodity prices are likely to drive inflation further.* Silver fundamentals improving and expectations for the metals.
Otavio ("Tavi") Costa is a Member and Portfolio Manager at Crescat Capital and has been with the firm since 2013. He built Crescat's macro model that identifies the current stage of the U.S. economic cycle through a combination of 16 factors.
His research is regularly featured in financial publications such as Bloomberg, The Wall Street Journal, CCN, Financial Post, The Globe and Mail, Real Vision, and Reuters. Tavi is a native of São Paulo, Brazil, and fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and international business at Braservice, a large logistics company in Brazil.
Justin Huhn: Uranium Bull Market is Breaking Out
Tom welcomes back Justin Huhn to discuss the increasingly exciting and rapidly changing uranium space.
Sprott's recent move into uranium is very bullish for the sector. There was a very sound thesis for investing in uranium before Sprott's takeover of Uranium Participation Corporation. Sprott is a monster in the resource space and they are buying physical pounds. Over the last three weeks, SPUT has bought nearly five million pounds of uranium moving the market from $32 to $40. It's likely they will have trouble sourcing supply as they will have bought most of the available above-ground supply.
Sprott has stated that they will not be selling but instead holding long-term. They want to create an extremely liquid vehicle that will attract large investors.
Sprott's transparency is fantastic as they update their numbers on a daily basis. They've also established an excellent presence on Twitter which is great for uranium investors.
Uranium supply is quite inelastic and it takes considerable time for additional production. If you are interested in a highly speculative fervor of a market this may be the place for you.
There is some concern of pushback from utilities due to the rising price which could affect Sprott's ability to be listed in the United States. However, Sprott should be able to overcome any objections.
Utilities aren't keeping up with the markets in the same way as investors. They just have a calendar date when they need to secure supply. It may be difficult for utilities to negotiate contract terms if the price is moving rapidly.
Time Stamp References:0:00 - Introduction0:38 - Sprott SPUT7:33 - Uranium Equities & ETFs10:04 - Production & Demand16:30 - Analysing the Market23:38 - Valuing Uranium Miners26:57 - SPUT & U.S. Listing?30:06 - Utility Contracts?37:21 - M&A Potential?39:12- Positive Momentum40:19 - Wrap Up
Talking Points From This Episode
* Sprott's major entry into uranium markets.* The sentiment and market shift are very positive.* Affect on utilities and potential for mergers.
Guest Links:Website: https://www.uraniuminsider.com/Newsletter: https://www.uraniuminsider.com/newsletterTwitter: https://twitter.com/UraniumInsider
Other:Sprott Link: https://www.sprott.com/investment-strategies/physical-commodity-funds/uranium/
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 ...
Collin, host of the Palisades Gold Radio podcast, highlights all aspects of mining and more in this can’t miss podcast! The host and expert guests offer insightful advice and information that is helpful to anyone that listens!
Excellent information on gold and the gold markets. Great insight into the inner workings of what is moving gold prices and the people behind it.
Very salient topics, and very prescient ideas!