30 episodes

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

Palisades Gold Radio Collin Kettell

    • Business
    • 4.7 • 220 Ratings

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

    Jeffrey Christian: From Boom to Bust, Anticipating Gold’s Role in a Global Economic Downturn

    Jeffrey Christian: From Boom to Bust, Anticipating Gold’s Role in a Global Economic Downturn

    In this episode of Palisades Gold Radio, host Tom Bodrovics speaks with Jeff Christian, Managing Partner of CPM Group. Jeff discusses his background and what brought about the creation of the CPM Group.







    CPM Group's research department was established in the late 1960s to gather data and estimate supply and demand for gold and silver as the gold standard was ending and silver was being removed from coinage and currency systems. The company has a strong track record of accurately projecting prices due to their continuous gathering of data and maintaining a global network of contacts.







    Jeff discusses the recent demand for gold from investors has been high, with net investment demand for physical gold totaling 25, 26, and 24 million ounces in the last three years. This level of demand tends to cause an increase in gold prices, as seen by record annual average gold prices every year for the past four years. The price of gold has increased significantly since 2000 and is expected to continue to rise in 2024 and 2025 due to several macroeconomic drivers.







    Despite inflation coming down and interest rates rising, investment demand for gold remains strong. Governments and central banks are buying gold to diversify their reserves and reduce reliance on the US dollar. China, in particular, has a growing appetite for gold due to centuries of political disunion and civil wars, making the yellow metal a safe haven for them.







    Jeff discusses the impact of The Shanghai Gold Exchange in taking some market share from London, with Chinese investors paying higher premiums for gold compared to the West. The Chinese currency's lack of free trade also affects gold prices in the country. While some gold has moved to China, there are still multiples of the amount of gold built up in Switzerland over the last 10-20 years.







    The amount of gold being mined is down somewhat from its peak due to reduced exploration and development spending during a period of lower gold prices. However, higher gold prices in recent years have led to an increase in investment in exploration and development. The capital markets tend to be short-term and cyclical, which can create challenges for long-term financing needs in the industry.







    Lastly, Jeff discusses the lack of interest from investors and speculators in gold miners is due to a range of issues, including changes in the equity markets and institutional investment practices. The gap between the performance of smaller companies and large companies has never been wider, making it more challenging for smaller mining companies to access capital.







    CPM Group's 2024 Gold Yearbook provides in-depth information on the gold market and its trends, including charts and valuable historical data not found elsewhere.







    Time Stamp References:0:00 - Introduction0:30 - CME Research History7:18 - Recent Gold Demand10:10 - Main Macro Drivers12:48 - CME Gold Outlook17:44 - Fed Rates Normalizing?20:12 - U.S. Debt Servicing29:16 - Dollar & Euro Demand31:38 - Dot Plots & Projections33:10 - Gold & Election Uncertainty36:48 - Media Narrative Divide38:40 - Impact of Bitcoin40:30 - Demand During Crisis?44:42 - Lower Rates & Gold?47:34 - China & Gold50:55 - Shanghai & Pricing54:14 - Production & Demand55:20 - Miners CapEx & Supply59:58 - Silver's Role1:01:02 - Strategic Role?1:04:15 - CBDCs & Hyperinflation1:10:32 - Wrap Up







    Talking Points From This Episode









    * CPM Group's gold research spans 30+ years, providing unbiased data & analysis.







    * Outlook for gold through 2024/2025 and why demand remains high.







    * Thoughts on the Dollar, Treasuries and the long-term debt of the United States.

    • 1 hr 12 min
    Bob Miner: Navigating the Future of Gold Prices at $2750

    Bob Miner: Navigating the Future of Gold Prices at $2750

    Bob Miner, a seasoned trader with over 40 years of experience, joined Tom Bodrovics on Palisades to discuss his insights on the current market trends. Bob emphasized that trends and countertrends are based on group psychology and cycles of optimism and pessimism. He shared a story about a "nephew indicator" that is more reliable than economic indicators for understanding market extremes.







    Bob discussed his approach to trading in the foreign exchange (FOREX) market, highlighting the importance of understanding the underlying fundamentals and technicals of a currency pair. He also discussed the current state of the gold market, noting that it is currently in a bullish uptrend but may be approaching a potential sign of completion.







    In addition, Bob discussed commodity and inflation indices, specifically focusing on uranium. He believes that uranium may be about to complete a correction before continuing its upward trend. Bob also emphasized the importance of having a plan in place for exiting positions if signs of a breakout failure appear.







    Bob has been studying the U.S. election cycle and its impact on stock market trends for over 25 years, and he has developed a book that is considered the definitive guide to this topic. He provided a table showing the percentage gain for each month from the spring low to the summer high since 1952, indicating that there has only been one year when there was a loss from the spring low to the summer high.







    Talking Points From This Episode









    * The importance of understanding group psychology and cycles of optimism and pessimism in predicting market trends.







    * The relevance of fundamentals and technicals in foreign exchange (FOREX) trading, especially in understanding currency pairs.







    * The potential for a bullish uptrend in the gold market, but also the possibility of a sign of completion and the importance of having a plan in place for exiting positions.









    Time Stamp References:0:00 - Introduction0:45 - Robert's Background3:27 - Key Market Catalyst6:23 - Trading Vs. Forecasts10:19 - Exiting Trades12:35 - Fed, Trends & Dollar20:10 - Gold Charts & Trends33:23 - Dollar & Treasuries40:57 - Crude Oil/Inflation44:08 - Analysis & Factors48:00 - Crude Weekly Chart52:10 - URA ETF Monthly56:59 - Elections/Markets Book1:07:42 - Bitcoin Report1:13:00 - Wrap Up







    Guest Links:Website: https://dynamictraders.comTwitter: https://twitter.com/BobAtDTYouTube: https://www.youtube.com/channel/UCrtHpWM3GlFmCdqCkOL3xAg







    Robert Miner began his career in the mid-80’s with his first company, Gann-Elliott Educators, where he produced analysis reports for the major financial markets and presented live workshops in the U.S. and overseas. In the mid-90’s he founded Dynamic Traders Group to provide market analysis and trade strategy reports, practical trade education and developed his Dynamic Trader Software.







    Robert wrote the first self-study trading course in 1989 where he expanded on and integrated the work of W.D. Gann, R.N. Elliott and his own unique approach to Fib time and price target strategies into his own comprehensive and original approach to multiple time frame time, price, pattern and momentum trade strategies.







    Robert’s first book, Dynamic Trading, was named the “Trading Book of the Year” by the SuperTradersAlmanac and he was named the 1997 “Guru of the Year”. His book, High Probability Trading Strategies, has been one of the consistently top selling trading books since its release in 2008.

    • 1 hr 15 min
    David Skarica: The Federal Debt Tsunami is Coming to Crush the Markets this Year

    David Skarica: The Federal Debt Tsunami is Coming to Crush the Markets this Year

    Tom welcomes back David Skarica, publisher and founder of Stockchart of the Day, about a potential threat to market stability. Skarica sees increased frothiness in the market, with Bitcoin ETFs being launched and widespread optimism about Bitcoin reaching 150k - 300k, similar to the behavior seen in 2017 and 2021. He warns that investors should be cautious about the current state of the market and consider investing in assets that can protect their wealth during market downturns.







    Skarica points out that the top 10 largest stocks now account for 29% of total market cap, similar to the height of market bubbles, with stocks like NVIDIA and Apple trading based on growth rather than sales. He suggests looking at NVIDIA's chart and other related stocks to understand the market better.







    The US government has been issuing more short-term debt instead of taking advantage of low long-term interest rates, which could lead to problems when the debt needs to be rolled over in the future. The market is demanding higher returns on US debt due to increasing debt levels and higher spending, leading to a potential sovereign debt crisis in the US. Commodities and gold markets are also anticipating this potential crisis, with commodities near resistance levels and gold breaking out.







    Skarica discusses the reissuing of debt and the potential for a shorter maturity on those bonds due to the real rate of return. He notes that there is currently more demand for two-year treasury bonds, which have a fixed market and yield 4.6%, compared to 10-year bonds, which are subject to price fluctuations and have lower yields. Skarica warns of the risk of buying long-term bonds, as demonstrated by the TLT ETF, which has decreased in value by 40% while only offering a 0.5% yield.







    David discusses the potential convergence of various economic cycles, including a debt cycle and a Dow theory cycle, and what this could mean for the price of gold and the capital expenditure (CAPEX) cycle in the mining industry. He suggests that loose monetary policy and QE tend to lead to investment in sectors that were not the focus of the previous market bubble, such as emerging markets, commodities, and inflation-protected sectors.







    Timestamp References:0:00 - Introduction0:34 - Threats and Markets4:38 - Recent Market Rally10:40 - Corporate Vs Gov't Debt16:58 - Maturities & Bonds26:00 - Dow Transport Avg27:40 - Rates & Market Forces31:21 - Debt Monetization33:28 - Japanese Yen Chart36:29 - Liquidity & Demand38:20 - Fed Talk & Rates41:08 - Soros & Efficient Mkts.44:30 - Bulls & Bear Documentary45:47 - Gold & CAPEX Cycle50:43 - Irrational Markets?55:52 - The Green Dream59:55 - Fun/Risky Markets1:02:27 - Wrap Up







    Talking Points From This Epsiode









    * Investor caution is urged due to market frothiness and potential threat to stability.







    * Top 10 largest stocks account for 29% of total market cap, similar to past market bubble peaks.







    * US sovereign debt crisis possible due to increasing debt levels, higher spending, and demand for higher returns on debt.









    Guest Links:YouTube: https://youtube.com/@scotdayTwitter: https://twitter.com/DavidSkaricaPatreon: https://www.patreon.com/stockchartoftheday







    David Skarica is the Founder and Editor of Stock Chart Of The Day a popular newsletter known for its stellar performance in both up and down markets. Skarica entered the financial markets at a very young age and became the youngest person on record to pass the Canadian Securities Course at the age of eighteen.

    • 1 hr 4 min
    Mark O’Byrne: Protecting Wealth in a Cashless Society with Gold & Silver

    Mark O’Byrne: Protecting Wealth in a Cashless Society with Gold & Silver

    Tom welcomes Mark O'Byrne back to the show. Mark is the Founder of Health Wealth Gold.







    Mark O'Byrne, a precious metals expert, sees value in gold and silver as insurance against various risks, including internet shutdowns and electromagnetic pulse (EMP) technology. He emphasizes that governments with extensive powers can threaten individuals' finances, especially in a cashless society. While cryptocurrencies offer an alternative digital gold, O'Byrne warns of the risks associated with digital assets.







    Internet shutdowns, which have occurred in democratic countries like India to control narratives and dissent, can disrupt financial systems, including Bitcoin, gold ETFs, and digital gold platforms. Although off-chain transactions are possible for some Bitcoin users, they aren't viable for many. The vulnerability of digital assets highlights the importance of physical assets like gold and silver in a diversified portfolio.







    O'Byrne also discusses potential government restrictions or bans on certain technologies, such as Bitcoin, due to concerns about backdoors into devices. He suggests that most assets are now accessed via usernames and passwords, creating risks if there are vulnerabilities in digital platforms.







    The expert also cautions against assuming a global financial crisis and bail-ins are inevitable, noting the importance of understanding the complexities of these issues. In recent times, there has been a significant increase in gold and silver bullion products from new private mints globally, leading to high inventories and decreased premiums for non-legal tender bullion products like silver and gold rounds. However, O'Byrne observes an uptick in demand for both metals and anticipates positive fundamentals for silver due to declining production in Mexico and Peru and increasing international demand.







    Despite some concerns about silver stackers potentially selling their holdings when the price reaches $30 per ounce, O'Byrne remains optimistic about the future of silver. He advises investors to take profits instead of waiting for unpredictable price targets set by gurus and suggests following him on Twitter or LinkedIn for updates on his research and insights into the gold and silver markets.







    Time Stamp References:0:00 - Introduction0:52 - Interconnected World5:18 - Digital Asset Risks8:08 - Cash During a Crisis11:40 - Censorship & Control20:22 - Bank Failure Risks27:47 - New Mints & Bullion34:42 - ETF Inventories36:12 - Bullion Banks39:12 - Wrap Up







    Talking Points From This Episode









    * Mark recommends gold and silver as insurance against risks like internet shutdowns, EMP technology, and cashless society threats.







    * Governments may restrict or ban certain technologies like Bitcoin due to concerns about digital platform vulnerabilities; physical assets remain crucial in diversified portfolios.







    * Despite potential for a silver sell off around $30 per ounce, O'Byrne observes increased demand and positive fundamentals.









    Guest Links:Twitter: https://twitter.com/marktobyrneWebsite: https://www.taracoins.com/YouTube: https://www.youtube.com/channel/UCtcpfS0ZjfQEeOyYbw6xeYgLinkedIn: https://www.linkedin.com/in/markobyrne/







    Mark O’Byrne is one of the leading authorities on silver and gold internationally with a high profile in social media & mainstream media having appeared on RTE, CNBC, Bloomberg and most Irish and international print, radio and tv media.

    • 40 min
    Mike McGlone: The Fed’s Greatest Test – Markets or Inflation?

    Mike McGlone: The Fed’s Greatest Test – Markets or Inflation?

    Tom welcomes back Mike McGlone Senior Commodity Strategist for Bloomberg Intelligence to the show.







    Mike discusses the current state of financial markets, with a particular focus on gold and Bitcoin. He suggested that investors should consider having exposure to both as part of a diversified portfolio, as they serve different purposes. There has been a shift in investor sentiment towards digital assets, with significant outflows from gold ETFs and inflows into Bitcoin ETFs. McGlone also cautioned that the US stock market is overdue for a correction, which could impact both gold and Bitcoin.







    Regarding the current state of the financial markets, McGlone believes the US stock market is overvalued compared to the rest of the world, and a reversion could lead to a deflationary environment benefiting gold, crude oil, and copper. He also expressed concerns about the relationship between the US and China, stating that a conflict could have significant implications for the global economy.







    Regarding gold, McGlone noted its outperformance compared to the S&P 500 since the Fed started tightening in late 2021. However, he also mentioned a gap in the S&P 500 E-minis at around 4600, which could lead to a normal correction in the stock market, benefiting gold by flushing out weak longs and creating a more stable environment.







    The interview also touched upon inflation, deflation, and the US dollar. While there has been a deflationary impulse in commodities, inflation is being driven mostly by services due to unprecedented money pumping measures by the Fed. The US dollar will remain unstoppable compared to other fiat currencies, but open discourse is crucial for maintaining its value and strength.







    The speaker added that a significant test for the US stock market could trigger a catalyst needed for the West to start driving gold prices along with the East. When this reversion to the mean occurs in the overvalued US stock market, it will have a profound impact on markets. They also suggested following Mike McGlone, an analyst who covers the gold and commodities markets, on Twitter for more information on these topics.







    Talking Points From This Episode









    * Mike McGlone recommends considering both gold and some Bitcoin in a diversified portfolio.







    * He warns of an overdue US stock market correction that could affect markest and potential for deflationary benefits to gold, crude oil, and copper when a reversion occurs.









    Time Stamp References:0:00 - Introduction0:33 - Bottoms on Commodities3:09 - Gold, ETFs, & Bitcoin8:54 - Metals & Recession Risks11:40 - Thoughts on Silver13:50 - Equity Markets & Recession18:44 - U.S. Recession Risks21:20 - Rate Hike Lag Effects24:06 - Yield Curve Thoughts26:17 - Elections & Market Volatility29:23 - Commodities & Deflation31:12 - Q.E. & The Dollar35:06 - Gold East Vs. West?37:28 - Gold Vs. Equity Returns39:15 - Mean Reversion40:13 - M2 & Equity Prices41:46 - Wrap Up







    Guest Links:Twitter: https://twitter.com/mikemcglone11LinkedIn: https://www.linkedin.com/in/mike-mcglone-a8442513/







    Mike McGlone is a senior commodity strategist for Bloomberg Intelligence, a unique research platform that provides context on industries, companies, and government policy, available on the Bloomberg Professional service at BI(GO). Mr. McGlone specializes in the broad investible commodity markets. Mr. McGlone joined Bloomberg in 2016 with over 25 years of futures and commodity trading and investing experience, beginning at the Chicago Board of Trade. Prior to joining Bloomberg,

    • 42 min
    Steve St. Angelo & Bob Coleman: Institutional Investors, GLD Flows, & Gold Prices, An Unusual Disconnect

    Steve St. Angelo & Bob Coleman: Institutional Investors, GLD Flows, & Gold Prices, An Unusual Disconnect

    Tom welcomes back Bob Coleman and Steve St. Angelo to discuss the precious metals markets. The market is undergoing a significant shift, with more sellers than buyers and dealers finding it difficult to sell at profitable prices. This has resulted in a collapse of bids and an increase in spread risk. There are also risks associated with storing metals with dealers due to counterparty risk, storage risk, and the structure programs they may be involved in.







    The market has moved from retail demand to a paper market that is shorting precious metals, causing prices to rise but sentiment to remain negative. Investors are waiting for lower prices to buy again. The spike in silver prices could be due to increased inventory buying by wholesale dealers who then sell futures contracts to finance their purchases. This carry trade can become unsustainable if the price of silver rises and dealers are forced to buy back their futures contracts at a loss, potentially fueling further price increases.







    High premiums in the silver market could indicate that someone is stuck on the wrong side of a trade and trying to exit, causing the futures market price to rise. The situation is not so much a physical issue as it is a paper problem, with CTAs holding large short positions in silver.







    In the gold market, GLD flows and gold prices have historically moved together, but this relationship changed when interest rates started rising rapidly in mid-2022. Institutional investors have not sold much of their gold or GLD, suggesting that most of the selling is happening outside the institutional market. The strong demand for Treasuries at high-interest rates and reduced central bank gold purchases might be driving the price of gold.







    There has been a shift in capital allocation from ETFs holding metals to other asset classes, particularly technology stocks. This trend poses challenges for precious metal investors but also creates opportunities for those who can identify value and navigate the current market conditions. They note that there is a risk of reaching a "max stupid point" where the market becomes overheated and unsustainable.







    Market psychology appears to be shifting towards a dot-com bubble mentality, with everyone chasing after Bitcoin and other high-tech investments, making it difficult for precious metal investors to make their case. Bob also warns of the risks associated with storing metals with dealers and suggests that investors should ensure they are doing business with a reputable and sustainable company.







    Gold and silver markets are heavily influenced by paper trading, hedging, financialization, and cost of production. Shifts in demand from east to west and short squeezes in the futures market can impact prices. ETFs that hold physical metals but issue new shares based on demand carry a risk of decreasing premiums to net asset value if the price of the metal falls. It is important to understand the complexities of paper trading and hedging in these markets, as well as the potential for market manipulation by authorized participants and market makers.







    Time Stamp References:0:00 - Introduction0:42 - Physical Demand14:06 - Recent Premiums17:21 - Public Sentiment20:33 - Silver Wholesale Market23:25 - Who's on the Wrong Side?32:10 - SLV/GLD & Retail Sales36:30 - Gold Drivers & Treasuries45:10 - Asset Values ETFS & Crypto47:52 - Flows Out of ETFS53:18 - Sentiment & Solvency58:27 - Know Your Counterparty1:04:28 - SLV Borrowing Costs?1:07:45 - Current Rally Outlook1:11:20 - Bitcoin Mining Stocks1:13:27 - Treasuries & Collateral1:14:48 - Public Momentum in PMs1:18:22 - NatGas & Energy Inflation1:21:05 - Central Bank Buying1:22:34 - Financialization & ETFs1:27:00 - U.S. Debt & Treasuries1:29:40 - Silver & Flows1:31:08 - G...

    • 2 hr 19 min

Customer Reviews

4.7 out of 5
220 Ratings

220 Ratings

Jeffrey Purtee ,

Wonderful Guest Interviews; More Than Gold

Update Feb 2024
Still never miss an episode. Great guests and host Tom has that all too rare facility, that when he gets a fascinating guest, he lets the guest talk without interruption. Love the show!
They continue to have great show notes which makes it easy to find specific websites mentioned in the interview.
Great work. Keep it up.

No11111166666 ,

Doomberg very confidential

Doomberg rose to fame (most popular selling substack) within a year. He’s good at “marketing”. I prefer my information to be said through a voice changer device. Very cool

emptying mimd ,

Love the show!

Just listen to the Jonathan Mergott interview. It's so refreshing to hear a diverse range of voices on the gold sector.

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