30 episodes

Palisade 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, Palisade 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.palisaderadio.com

Palisade Radio Collin Kettell

    • Investing

Palisade 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, Palisade 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.palisaderadio.com

    Justin Huhn: Fundamentals for an Epic Uranium Bull Market Stacking Up

    Justin Huhn: Fundamentals for an Epic Uranium Bull Market Stacking Up

    Justin discusses why he finds the uranium market to be compelling, particularly as a contrarian investor. Uranium is driven through long-term contracts with nuclear utilities and those contract prices tend to be higher than current spot prices. Investors tend to watch the spot price since it is updated frequently; however, volume in the spot market is typically quite low. Utilities tend to renew contracts during specific periods when prices are moving higher.

    Justin explains how the SWU price is essentially the cost of the enrichment process. Centrifuges are expensive and difficult to shut down, so instead, they are usually continuously operated, which can create excess supply.

    Uranium is a very different market, and during the last bull market, there was a period of supply disruption that resulted in additional contracts being renewed. Today there is a developing structural supply deficit between what is being mined and consumed. The market is steadily growing, with new reactors coming online in over a dozen countries. This is all leading to a robust outlook for the latter part of this decade.

    Section 232 established a working group on uranium, and their recommendations are still pending. Also, concerns are surrounding the possibility of mine closures due to coronavirus.

    KazAtomProm’s strategy has changed, resulting in less downward pressure on prices. They have been very good at sticking to their word. They remain the lowest cost producer in the world and have numerous agreements with various countries and utilities. Currently, they are mining at a minimal level sufficient to fulfill their contracts.

    Lastly, Justin outlines what to look for in a responsible uranium producer and why few companies meet his criteria.

    Time Stamp References: 0:40 - How Justin became interested in uranium 2:00 - Spot price versus long-term contracts. 6:20 - SWU Pricing explanation. 9:40 - How this bull market will be different. 13:30 - Section 232 and pending proposals. 16:30 - KazAtomProm and their new approach. 18:40 - Assessing management teams. 21:30 - Appia Energy and rare earth metals. 24:30 - Nuclear energy information resources. 25:20 - Resourceful connections on Twitter. 27:40 - Overall picture short-mid term.

    Talking Points From This Week's Episode • Why uranium is a compelling contrarian investment. • Spot price versus long-term contracting pricing • Underfeeding and supply. • Structural deficits and mine shutdowns. • KazAtomProm strategy and market effects.

    Justin has been researching the uranium market for the past four years and has thousands of hours of research under his belt. He has been trading the markets for close to a decade, having learned to invest with technical trading - more specifically, trend-following. He was taught by a long-time veteran momentum trader who took him under his wing. This combination of in-depth fundamental analysis in the uranium sector and experience with technical analysis gave birth to the Uranium Insider Pro newsletter.

    Justin is a passionate educator who cares deeply about bringing value to others, in the investing world and otherwise. He brings a unique, caring dedication to his clients and associates.

    Uranium Insider has been an incredible experience of community, and a once-in-a-lifetime opportunity to share and grow with his subscribers and fellow contrarian investors.

    • 30 min
    Dudley Baker: Gold Junior Warrants to Provide Huge Leverage in Coming Bull Market

    Dudley Baker: Gold Junior Warrants to Provide Huge Leverage in Coming Bull Market

    Dudley discusses stock warrants and why companies decide if they want their warrants to trade publicly. Many investors are ineligible for private placement, but there are still opportunities for them to trade warrants. His service has a database of private placements and tradable warrants from several industries.

    Currently, he owns a couple of producers but has concerns about the potential for mine closures due to quarantines. Gold is rising, but many mining stocks are in decline due to these risks. This virus situation needs to be resolved quickly as the consequences could be disastrous.

    Until recently it looked like gold would steadily head for new highs and miners would take-off and then this crisis hit. These events are hard to predict, and this one came so quickly that most investors were caught off guard.

    Ultimately resource investors will be in the right sector as it's just a matter of time. Start looking for opportunities as many shares are on-sale right now.

    Our gut tells us that in today's markets, gold should do incredibly well. We need market psychology to kick in like has occurred many times in the past. It's like a switch gets flipped, and a rip-roaring bull market takes off.

    If your new to this sector you may get quite queasy. However, there appear to be great opportunities, but we won't know for absolute certainty until we sell. It's possible that once the world gets past this crisis, this sector may become even more spectacular.

    "With all the money printing and all the havoc, I have to believe that we are going to be in the sweet spot… and that we are going to be in the place to be, we have to stay patient."

    Talking Points From This Week's Episode • Publicly traded stock warrants vs. private placements • Mine closures in a rising gold environment. • Calculating valuations of warrants. • Optimism, volatility, and market timing.

    Time Stamp References: 0:40 - Obtaining warrants. 3:10 - Juniors, pandemic and mine closures. 7:10 - Warrants and market timing. 10:00 - Determining when to sell. 17:25 - Calculating leverage on warrants.

    Dudley Baker is the founder and editor of Common Stock Warrants and its predecessor, Precious Metals Warrants, and is a 1967 graduate of St. Mary's University in San Antonio, Texas, with a major in accounting.

    Mr. Baker has 40+ years of accumulated knowledge and experience in trading stocks, options, leaps, futures, options on futures, and of course, warrants.

    In March 2005, he founded and launched Precious Metals Warrants. This investment Market Data Service provided the detail on all mining and energy company Warrants trading on the U.S. and Canadian Exchanges. As an investor, he could not find this information and thus proceeded to accumulate data and built a user-friendly website to list the details on all mining and energy company warrants trading.

    Dudley originally from Texas currently resides along the shore of Lake Chapala in Ajijic, Mexico, which has been his home since 1999. He says, "Living outside the United States gives one a better perspective of the world situation, the U.S. Dollar and investing."

    • 25 min
    Ronald-Peter Stöeferle: Systemic Shocks will Lead to a Loss of Trust in Central Banking

    Ronald-Peter Stöeferle: Systemic Shocks will Lead to a Loss of Trust in Central Banking

    Ronald discusses their upcoming annual report "In Gold we Trust" and how last year's report had a focus on the coming breakdown of trust in society. This year that erosion of trust may spill over into central banking.

    There are a lot of economic experiments occurring right now. We saw equity markets and real estate markets at all-time highs just a month ago. We've seen massive price inflation in assets, and now we have a gigantic deflationary reaction. Multiple shocks are in progress including, a global demand crisis, deflationary reactions in assets, a global supply crisis, an oil collapse, a rising U.S. dollar, and a credit shock.

    Politicians and central bankers are in a state of action but also helplessness. Measures taken recently with proposed helicopter money shows that we are moving into a new era. This crisis will mean less globalization, higher inflation rates, and increasing fiscal stimulus. We should expect additional central bank actions like MMT and helicopter money before this market bottoms, which could lead to stagflation.

    Commodities have only been lower twice in history. Worldwide currency shocks are ongoing, and U.S. dollar strength is resulting in weak commodities, but that trend will eventually reverse. Trump would prefer a lower dollar, but that may be difficult to achieve.

    Silver is a bargain relative to gold, along with many of the positive cash-flow producers like Newmont, who can only do even better with low oil prices. Ronald feels there are some excellent opportunities right now. The worst may be priced into the market, and as a result, things could quickly become positive again after Easter.

    Time Stamp References: 0:40 - Trust breakdown in society. 3:00 - Unorthodox solutions being discussed. 7:30 - Recessions and opportunity. 8:55 - Outlook for gold, silver and energy. 13:10 - Mining stocks and silver. 15:30 - Producer Fundamentals 16:50 - Opportunities in down markets. 19:30 - Highlights from the coming gold report. 21:40 - Optimism toward gold and bitcoin.

    Talking Points From This Week's Episode • A possible breakdown in public trust for central banking. • Multiple shocks are affecting global markets. • Bankers and politicians are helpless and trying numerous actions. • Additional central bank actions are coming. • Markets could turn positive after Easter.

    Ronald-Peter Stöeferle is a Chartered Market Technician and a Certified Financial Technician. During his studies in business administration and finance at the Vienna University of Economics and the University of Illinois at Urbana-Champaign, he worked for Raiffeisen Zentralbank in the field of Fixed Income/Credit Investments. After graduating from university, Stoeferle joined Vienna based Erste Group Bank, covering International Equities, especially Asia. In 2006 he began writing reports on gold and gained media attention when he expected the price of gold to rise to USD 2,300/ounce when the current price was only at USD 500. His six benchmark reports, called "In Gold We Trust," drew international coverage on CNBC, Bloomberg, the Wall Street Journal, Economist, and the Financial Times.

    In 2013 he became managing director and partner of Incrementum AG, based in the Principality of Liechtenstein. The company focuses on asset management and wealth management and is one hundred percent owned by its partners. He continues to write the annual "In Gold We Trust" as a senior advisor to Erste Group.

    • 23 min
    Gregor Gregersen: Panic in the Paper Markets and Shortages of Physical Silver

    Gregor Gregersen: Panic in the Paper Markets and Shortages of Physical Silver

    Gregor discusses the silver market and how we see the same pattern that happened back in 2008, 2011, and 2013. The markets are crashing, and investors are getting margin calls and need liquidity. This need for liquidity is pushing down the price of silver.

    While the paper price of silver is crashing, it's getting harder to purchase physical metals. The price for silver and gold is determined by futures exchanges dealing in paper promises instead of actual supply and demand. Due to these paper markets, silvers price is not well correlated with physical demand.

    Prices for silver and premiums from suppliers continue to rise, while available supply is contracting. Also, it's becoming harder logistically to get silver due to the cutbacks with airline routes.

    The paper price for silver is dependent on the expectations of traders and analysts. Silver is a metal that can't easily be substituted. The price of silver seems incredibly cheap today, especially considering the current monetary environment.

    He discusses the reasons why Singapore is a good jurisdiction for storing precious metals and the things you want to see in a precious metals depository.

    Singapore is an amazing place with a government that believes in pragmatism. They do what makes sense for their people long-term. Very early on, Singapore blocked Chinese nationals and people who had visited China. Compare this with Italy, who only canceled flights from China, but that didn't stop travelers from reaching Italy via other European countries.

    Time Stamp References: 0:50 - Silver and liquidity. 2:10 - Physical supply and paper markets. 6:00 - Silver Ratio to Gold. 8:20 - Industrial demand outlook. 10:15 - Risks when storing bullion. 16:00 - Crisis and precious metals. 26:15 - Life in Singapore. 33:30 - Expect crisis to last one year.

    Talking Points From This Week's Episode• Physical silver market vs. paper commodity markets.• Margin calls and the effect on paper silver prices.• The Demand picture for silver.• Singapore as a safe jurisdiction for physical storage.• The effect of coronavirus on markets and exchanges.

    Gregor Gregersen is the founder and owner of Silver Bullion SG and Safe House Depository, a premium bullion dealer and storage facility in Singapore. Gregor has a background in finance and software development. Gregor was a Senior Data Architect for Commerzbank in Germany. He started Silver Bullion Pte Ltd. In April 2009.

    In 2008, when Lehman Brothers went bankrupt and defaulted on their derivatives obligations, the whole system was about to collapse. It was only massive government bailouts and guarantees that prevented a meltdown that would have wiped out most people's savings. In my mind, the financial system now is like a house of cards, and I don't want to be invested in it materially when the next crisis occurs. So I moved my assets into physical gold and silver and stored it in a manner that removes counterparty risk and minimizes jurisdictional risk.

    I started Silver Bullion Pte Ltd in April 2009 to see if other people, besides me, were interested in buying physical silver in Singapore (where I had moved to because of their competent government and policies). As the company grew, we built our 600-ton capacity vault and eventually allowed for gold/silver collateralized peer-to-peer lending among customers.

    I am not enamored with precious metals per se. But if purchased and appropriately stored, they are one of the best ways to protect and increase your wealth when the next big crisis hits us.

    • 37 min
    Jordan Roy-Byrne: Expect a Rip-Roaring Bull Market in Gold & Silver

    Jordan Roy-Byrne: Expect a Rip-Roaring Bull Market in Gold & Silver

    Jordan discusses the S&P selling off and being the most oversold since 2008. When you get an accelerated sell-off, you get funds busting and lots of margin calls. This starts impacting on gold and other liquid assets like silver. Inevitably this is all bullish for gold and silver once this phase passes.

    GDX and GDX.J have been weaker than gold, and this often signals a possible gold sell-off. The recent sell-off that we have seen in the mining stocks is historic and without precedent. Mining stocks right now are a once in a lifetime event as the stage is set for a considerable recovery. This pandemic will have a severe impact on the economy, and we are already witnessing a global recession.

    Falling interest rates strengthen gold, and rising expectations of inflation will cause silver to do even better in an inflationary environment. The gold-silver ratio has been extreme for a while; however, Jordan feels the ratio isn't as important as the overall trend. Investors should focus on inflation expectations as that will reveal when silver will outperform.

    The gold stocks vs. S&P ratio is crucial since, commonly, a bull market in gold occurs when gold outperforms the S&P, which then attracts investors.

    He expects a rip-roaring bull market in the not too distant future that will last for several years. His view is that gold will outperform for the next twenty years and recommends that investors dollar cost average into gold and silver to take advantage of this trend.

    Time Stamp References: 0:40 - Historic activity in the markets. 3:10 - Leading indicators for weakness. 5:30 - Global recession and outlook. 6:30 - Lows for GDX and GDX.J 8:30 - Valuations in the mining industry. 10:40 - Market analysis methods. 13:45 - Gold Silver ratio follow the trend. 15:45 - Gold vs. the S&P ratio. 19:50 - Advantages/disadvantages of warrants. 22:40 - Retail floats with stocks.

    Talking Points From This Week's Episode • S&P sell-off, margin calls, and investor liquidity. • The mining sector is at unprecedented historic lows. • To attract investors, gold needs to outperform the S&P. • His expectations for a lengthy rip-roaring bull market cycle.

    Jordan Roy-Byrne, CMT, MFTA is the editor and publisher of TheDailyGold.com and TheDailyGold Premium, a premium publication that emphasizes market timing and stock selection for precious metals investors. He is a Chartered Market Technician and Master of Financial Technical Analysis. His Masters Thesis, which earned him the MFTA designation, was published in the International Federation of Technical Analysis Journal. Currently, no other technical analyst covering precious metals possesses the MFTA designation.

    He earned a degree in General Studies from the University of Washington with a concentration in Internal Economic Development. He is also the author of several books, including "The Coming New Bull Market in Gold," which is available for free on his website.

    • 28 min
    Jaime Carrasco: Global Currency Chess Game in Progress

    Jaime Carrasco: Global Currency Chess Game in Progress

    Jaime discusses how the repo market functions as a leading indicator of financial turmoil. This system of trust has broken down between banks requiring Fed intervention.

    All the Fed can do is throw money at the system like a monkey. We are getting near the end of the road like in 1933 since we have reached the maximum use of debt. Historically the only way forward is to undo the currency reserve and pull the plug on the old system.

    Jaime expects an ongoing and expanding economic crisis. Markets have gone through there the first decline, and we are likely to get a rally since Trump's response to this crisis seems reasonable. However, uncertainty is keeping the systemic risk quite high, and the banking system is likely facing liquidity issues. We will need a global currency reserve reset, but who is going to control the new system. There is a chess game afoot behind the scenes over who and what will control the next financial system. Bankers understand that gold is the ultimate form of money.

    We are now in a deflationary cycle, and eventually, the debts will start to escalate at an ever-increasing rate. Oil is of concern, and there are significant disputes between Russia and Saudi Arabia.

    Central banks don't have to use proper accounting, and while many claim to have gold on the books, in reality, they have most likely leased that gold out. Historically this is what happens when bankers get the run of the system.

    Fortunately, we have the blockchain, which allows us to set up financial systems outside of the conventional method without the need for bankers.

    Talking Points From This Week's Episode • Repo markets signaling crisis. • Fed has one tool, throw money at problems. • We have entered a new deflationary cycle. • The economic crisis will continue until a reset occurs. • Jaime discusses a few juniors that he feels are massively undervalued.

    Jaime Carrasco is portfolio manager at Canaccord Genuity Inc. in Toronto. From 2014-2018 he worked as Director of Wealth Management and Associate Portfolio Manager for ScotiaMcLeod. Before this, he worked for Macquarie Group, CIBC Wood Gundy, BMO Nesbitt Burns, Gordon Capital, and Merrill Lynch.

    Jaime is a leading Canadian investment professional with 25 years of experience providing wealth management and investment counsel to affluent families, businesses, and institutions. He has garnered a reputation for questioning and challenging the status quo and exploring the most innovative investment strategies.

    Jaime, whose mother tongue is Spanish, also speaks Italian and French and completed a BA in political science and economics at the University of Toronto in 1988. While a student, he worked for CS Yacht, a company that built luxury sailboats, thus spending his summers as a skipper for members of the Canadian establishment. Jaime credits this experience, and having survived sailing through Hurricane Bob in 1991, for learning lessons that have become a metaphor for his financial investment strategies;

    "Like one's financial wealth, sailing is not about controlling the wind, but rather about adjusting the sails."

    • 34 min

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