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 • 176 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

    London Paul: Part 1 – War, New Reserve Currencies & Crumbling Empires

    London Paul: Part 1 – War, New Reserve Currencies & Crumbling Empires

    In this two-part presentation, Tom welcomes back Paul from The Sirius Report to begin a discussion on the rapidly evolving multipolar world. In part two, we dive further into the BRICS Currency System and why gold and silver can protect you from all possible outcomes of an uncertain future.

    Paul is concerned with the unintended consequences of the war in Ukraine and the economic sanctions. The sanctions demonstrated clearly the level of ignorance within the West. They misunderstand how the Russian economy works and their alternative systems to SWIFT. Since 2014, Russia has been constructing new domestic markets to diversify themselves away from the West.

    He explains the idea of the 'Global South' which includes 87 percent of the world's population that exists outside Europe and North America. The rest of the world took notice when Russian assets we're seized, and most countries are concerned they could be next.

    Dedollarization is working because other nations are finding ways to use their own currencies to circumvent the dollar system. They are starting to avoid the expensive dollar by dealing directly with each other.

    Europe and particularly Germany has been reliant on cheap energy from Russia. These nations could have signed long-term contracts last year for energy, but now the prices are much higher. The United States has been pressing the narrative that Russia is not trustworthy, even though they have been an extremely reliable trade partner. Countries can't simply change energy suppliers overnight, and "It's almost like a comedy of errors with potential catastrophic consequences." Europe is still receiving Russian energy through backdoor channels with other nations, but at much higher prices. The West can't change course on Russia due to the amount of political capital that has been invested.

    Cooperation is happening between the global south and trade is already growing. The West doesn't understand how China and Russia's economies actually function. Soon, the global south will not need the west. Western politics is a constant conflict and a total waste of time. It's just an illusion of choice, and practically nothing gets achieved.

    Time Stamp References:0:00 - Introduction1:24 - Sanctions & Consequences6:50 - The Global South17:48 - Japan & Treasuries19:07 - European Energy & Germany28:18 - Blame Russia & Politics32:47 - SWIFT Flight & Trade35:34 - Economic Planning42:29 - Ukraine in Collapse50:17 - Russian Fixation52:58 - Complexities54:52 - Red Lines & Escalation

    Talking Point From Part One

    * The lack of understanding and consequences of Western nations regarding Russia and China.* Why the era of cheap energy for Europe is now over.* The lack of West to have long-term economic plans and the consequences.* Europe's fixation on Russia and why politically they can't change course.

    Guest LinksTwitter: https://twitter.com/thesiriusreportWebsite: https://www.thesiriusreport.com/YouTube: https://www.youtube.com/channel/UCa5XOgYU8ac_Ai4C1QXPOIg

    The Sirius Report is an independent website providing analysis and an alternative perspective on current affairs and global events that, we believe, are shaping a new political, economic and social paradigm. We are fully self-funded and are not backed by any third-party corporation, organization, or individual.

    The site is run by ‘London Paul’ and his partner Lisa, who is the site administrator. ‘London Paul’ is a pseudonym that was first coined by long-time friend and fellow commentator Jim Willie...

    • 1 hr 3 min
    Diego Parrilla: Gold – The Anti-Fiat Bubble

    Diego Parrilla: Gold – The Anti-Fiat Bubble

    Tom welcomes back Diego Parrilla to the show. Diego is an author, engineer and economist. He has an extensive background in commodities, having worked for several major banks.

    Diego believes the Fed hiking cycle is approaching its peak as we enter next year. There are limits to how high they can go, and the rate of hiking cycles has placed a lot of pressure on markets. The dollar has been putting pressure on other countries. There are pockets of weakness in the system, and it's difficult to know what might burst first.

    How rapidly the Fed will pivot will depend on how markets react and the credit markets. Currency markets will also be a concern and there is excess hidden leverage in the system. Hopefully, central banks will learn the risks of zero and negative interest rates. The result is gross mis-allocations within the economic system.

    Everything revolves around inflation and as we enter the next phase of markets, there is a perception that we will print less. Diego believes the inevitable result will be even more money printing. Eventually, the only way to sustain the system will be to grant central banks yield curve control. To prevent bubbles from imploding they will need to print more and that will result in further inflation. We're just delaying, transferring, transforming, and enlarging the problems.

    The energy situation in Europe is very interesting because it shows the problems that have built up. There is a reliance on Russia and a lack of capital investment. Governments want energy security, but the problems can be exacerbated by hoarding. Energy subsidies will only increase the problems of production capacity.

    He explains why he likes gold and feels that it is an anti-bubble investment option, even though it's been frustrating for many investors recently. He cautions that now is not the time to be using leverage and discusses how best to position one's portfolio.

    Time Stamp References:0:00 - Introduction0:44 - Q4 Outlook3:50 - Lag Effects10:06 - Fed & Wealth Effects17:54 - Energy & Europe24:24 - Russia's Resources32:25 - China Outlook37:14 - Hong Kong Peg45:30 - Gold the Anti-Bubble50:48 - Gold & Hike Response54:56 - Volatility & Rebalancing1:11:08 - Wrap Up

    Talking Points From This Episode

    * The Fed is reaching its rate hiking limits.* The speed of the Fed's pivot will depend on the credit markets.* Central banks will eventually be forced to use yield curve control as debts are unsustainable.* Why gold is the ultimate anti-fiat bubble.

    Guest LinksTwitter: https://twitter.com/ParrillaDiegoWebsite: https://www.linkedin.com/in/diego-parrilla-0a2b5530/Website: https://www.getrevue.co/profile/parrilladiegoWebsite: https://quadrigafunds.esBooks (Amazon):https://tinyurl.com/5a3pkjskhttps://tinyurl.com/ctdcmeb3

    Diego Parrilla is Partner and Manager of Macro Commodities. He joined Quadriga in March 2017 with nearly twenty years of experience in macro, commodities, and sales and trading in London, Singapore, and New York. He has managed risk and global teams in prestigious investment banks, such as J.P. Morgan, Goldman Sachs, and Merrill Lynch, in various global leadership roles.

    In 2011, Diego founded Natural Resources and Commodity Advisors (NARECO) in Singapore, advising institutional customers and managing macro strategies and raw materials.

    • 1 hr 13 min
    Jesse Felder: The Fed NEEDS more Unemployment to Win Over Inflation

    Jesse Felder: The Fed NEEDS more Unemployment to Win Over Inflation

    Tom welcomes back Jesse Felder. Jessie is the founder, editor, and publisher of The Felder Report.

    Jesse discusses the various reasons people get involved in markets, and why it's not always money.

    It's remarkable how well financial magazine covers like Bloomberg tend to signal a reversal. Recently, Bloomberg posted a cover with the unstoppable dollar, that aged well. These types of indicator are indicative of extremes.

    The rising dollar is driven by hawkish Fed policy, raising rates over a short-term period. The market has priced in smaller hikes over the next few months. The Fed may surprise to the dovish side due to a deteriorating economy.

    The Fed has trained the markets to expect them to come running to the rescue. Now they seem to have flipped to the opposite policy. The markets also know that the Fed can't afford another massive asset price bust. Jay Powell can't do what Paul Volcker did without creating a debt spiral.

    A strong dollar, higher interest rates, and surging oil prices is a clear leading indicator that a recession is coming.

    With the Fed printing a lot of new money recently, bond markets have become divorced from reality. Economic factors should drive bond prices, but supply and demand dynamics for bonds is becoming problematic. The debt has become so large that perhaps bonds no longer serve the role they once did.

    He explains why the number of passive investors makes for incredible possibilities for value investors.

    Jesse believes the commodity markets will continue to outperform for a considerable period. Sectors that have been starved of capital are likely to outperform in coming years.

    Most investors have completely lost interest in the mining sector and gold. He shows an interesting chart of where gold prices could head from here based on past performance. Gold is quite cheap relative to the price of oil.

    Be diversified and hedge your bets because we are in unprecedented times.

    Time Stamp References:0:00 - Introduction0:46 - History Vs. Human Nature4:00 - Dollar Euphoria & Sentiment8:35 - Dollar Path Forward15:50 - Fed Policy & Inflation22:42 - PPI Chart & Recession25:00 - Rate Hikes27:07 - Bond Vigilantes31:03 - Mortgage Applications34:06 - Cycles & Value Investing38:49 - Resource Underinvestment44:15 - Gold Sector Outlook47:40 - Gold Vs. Oil Ratio48:20 - Gold Vs. Stocks52:35 - Dollar Sentiment Shift?55:05 - Debt Challenges & MMT57:56 - Debt Spiral Risk59:19 - Wrap Up

    Talking Points From This Episode

    * Sentiment and the alternate reasons why investors get involved in markets.* The Fed has trained investor's to believe they will always intervene.* Distortions in the bond markets have broken economic reality.* Why value investing has great potential.

    Guest Links:Twitter: https://twitter.com/jessefelderWebsite: https://thefelderreport.com/

    Jesse Felder is the Founder, Editor, and Publisher of The Felder Report. He began his professional career at Bear, Stearns & Co. and later co-founded a multi-billion-dollar hedge fund firm headquartered in Santa Monica, California. Since moving to Bend, Oregon in 2000 and founding The Felder Report shortly thereafter, his writing and research have been featured in major publications and websites like The Wall Street Journal, Barron's, Yahoo!Finance, Business Insider, RealVision, Investing.com, and more. Jesse also hosts and produces the Superinvestors and the Art of Worldly Wisdom podcast.

    • 1 hr 1 min
    Michael Gayed: The Only Year in History when Treasuries have Lost More than Stocks

    Michael Gayed: The Only Year in History when Treasuries have Lost More than Stocks

    Tom welcomes back Michael Gayed, Portfolio Manager at Toroso Asset Management. Michael is the author and publisher of the Lead-Lag Report.

    Michael discusses how insane this year has been and how this is the only year in history where treasuries have lost more money than stocks. The only period it can be compared with is 1931. We're in very abnormal territory.

    People can get overly comfortable if something isn't happening immediately. We saw that with FTX and Lehman Brothers collapses. The beauty of FinTwit is the ability to see the short-term perspective of investors.

    Michael says, "When investment becomes religion, it's time to lose faith." This is what happens in markets people get overly confident in markets, and we're seeing margin calls in crypto. Usually, margin calls aren't limited to just one asset class.

    He explains the terms risk on and risk off. For the bulk of this year, Toroso's signals have been risk-off and defensive. The melt-up scenario is still very much in play, but we're in a recession. Melt ups are basically just FOMO which eventually fizzle out.

    A split government isn't a bad thing for markets and the economy. The best thing is to lower fiscal spending to reduce inflationary pressures long term. In many ways, the Fed may be trying to counter seasonality.

    The strength in the dollar is usually tied to a good treasury market, but this year is the exception. The persistence of the dollar has been relentless until recently. The bear market will continue to take some time to play out.

    We're setting records for the rate of change in many areas. All the statistics are showing that something is not normal. All investors can do is hope that it ends, and Michael is seeing some reason for optimism.

    Gold needs the dollar to underperform, and the market needs to believe that a bear market will persist.

    The link between miners and gold price is not that correlated. Miners are dependent on additional factors like energy and input costs to consider.

    At some point, we end up in a similar debt to GDP situation with that of Japan. Who knows where we will be in another ten years.

    Time Stamp References:0:00 - Introduction0:35 - Sanity Check3:26 - Contagion & Risk8:54 - Melt Up Thesis16:22 - Fed & China18:48 - OPEC & SPR21:53 - Commodities & Lumber23:50 - Dollar Strength26:25 - Foreign Dollar Demand29:39 - Gold & The Dollar32:17 - Gold Miners33:29 - Layoffs & Retail36:44 - Pivot & Future Inflation38:49 - Brazil40:45 - Wrap Up

    Talking Points From This Week's Episode

    * Why this year is highly abnormal in U.S. history.* Risk on and off metrics and why he is positioned defensively.* Why a split government is good for the economy and inflation expectations.* The outlook for gold and correlations with miners.

    Guest Links:Website: https://www.leadlagreport.com/Website: http://torosoinv.com/Twitter: https://twitter.com/leadlagreportYouTube: https://www.youtube.com/theleadlagreport

    Michael A. Gayed, CFA, is Portfolio Manager at Toroso Asset Management, an award-winning author and publisher of The Lead-Lag Report.

    Michael is a well-respected results-oriented Investment Manager, showcasing 15 years of successfully executing initiatives that result in significant revenue growth. In addition, he is known for identifying and implementing various investment strategies to capture market anomalies while...

    • 41 min
    Danielle DiMartino Booth: A Wave of Junk Debt Could Force the Fed to Pivot

    Danielle DiMartino Booth: A Wave of Junk Debt Could Force the Fed to Pivot

    Tom welcomes back Danielle DiMartino Booth, she is CEO and Chief Strategist for Quill Intelligence, a research and analytics firm.

    Danielle discusses the amount of work that goes into every press release the Fed puts out. They have a hypersensitivity to how and what they place in these releases. Powell has a largely thankless job, and the question is are they relying on lagging information.

    Danielle recently nicknamed Jerome Powell "make my day Jay" when he was told the markets were up during a press conference.

    We're seeing larger moves in housing than was expected. Home prices are falling in half of the U.S. while some regions see prices still increasing as some people see it as an opportunity.

    Amazon needs to match consumer demand, and we see them laying off people as demand declines. We're now seeing surplus inventory in the supply chains that no one is buying.

    Powell's pain point will come when something critical breaks in the credit markets.

    A yield curve inversion signalled that credit would be tightening. However, now the way to interpret it is in terms of banks extending credit. If banks can't see profit in lending, they won't lend, and then the economy will slow.

    Lastly, Danielle discusses the recent FTX crypto exchange collapse and the concept of Central Bank Digital Currencies. Tom notes that the Ontario Teachers Pension had 90+ million invested in FTX. This is not the place you expect to find your pension plan investing diligently.

    Time Stamp References:0:00 - Introduction0:38 - Fed & Press Releases2:28 - Powell Nickname5:13 - Carvana & Auto Sales7:59 - Housing & CPI Metrics13:22 - Wage Price Spiral19:07 - CPI & PPI Numbers23:05 - Fed Politics & Recessions27:40 - Powell & Credit Markets33:20 - Fed Data & Actions35:33 - U.S. & U.K. Pension Systems38:12 - Crypto & Regulators40:05 - CBDCs & Governments44:55 - Wrap Up

    Talking Points From This Episode

    * The Fed's micromanaging approach to press releases.* The Recent Fed press statement and Jerome's responding aggressively to being told markets we're up.* The housing markets and excess supply in goods that no one is buying.* The problems with pensions and the crypto markets.

    Guest Links:Twitter: https://twitter.com/DiMartinoBoothWebsite: https://quillintelligence.com/YouTube: https://www.youtube.com/c/DanielleDiMartinoBoothQI

    Danielle DiMartino Booth is CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm.

    DiMartino Booth set out to launch a #ResearchRevolution, redefining how market intelligence is conceived and delivered, with the goal of not only guiding portfolio managers but promoting financial literacy. To build QI, she brought together a core team of investing veterans in analyzing the trends and providing critical analysis of what drives the markets.

    Since its inception, commentary and data from DiMartino Booth's The Daily Feather have appeared in other financial sources such as Bloomberg, CNBC, Fox Business, Institutional Investor, Yahoo Finance, The Wall Street Journal, MarketWatch, Seeking Alpha, TD Ameritrade, TheStreet.com, and more.

    A global thought leader on monetary policy, economics, and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View,

    • 45 min
    Joseph Wang: Significant Inflation Coming for the Next Decade

    Joseph Wang: Significant Inflation Coming for the Next Decade

    Tom welcomes a new guest, Joseph Wang. Joseph is a former Senior Trader at the Federal Reserve's Open Market Desk and is the Author of Central Banking 101.

    Joseph discusses the Fed's trading desk, which is also known as the plunge protection team. It collects market intelligence and performs Fed operations. The desk analyzes market activity and reports to the board of governors for their decision-making. They also have access to a lot of confidential corporate internal data. For him this was a very educational experience as it revealed a lot of what goes on behind the curtain.

    He explains how the Fed can mitigate inflation through prices and the wealth effect. He believes yield curve control is inevitable due to the incredible amount of debt issuance.

    The Fed is using the technique of making everyone a little bit poorer with the intent of muting inflation. Inflation is always a choice that governments can make, and it's also easy for them to reduce the money supply through taxation. The question is how bad are the side effects. It's all about trade-offs.

    He discusses how the Fed is trying to target the real estate market. Housing is more susceptible to interest rate hikes, and it appears to be correcting. If necessary, they could increase the regulatory costs to banks for mortgages.

    There is significant geopolitical risk in the world, and we see a proxy war between the West and Russia. The concern is that people abroad will try to hide their money in safer jurisdictions. Therefore, we could see significant inflows into the United States.

    Talking Points From This Episode

    * How the Fed operates behind the scenes.* The various tools the Fed has at its disposal.* Why there is huge treasury market risk.* Why geopolitical concerns could bring foreign capital into the United States.

    Time Stamp References:0:00 - Introduction1:06 - Fed Open Market Desk4:07 - Inflation & Data6:44 - Fed Data & Response13:22 - Fed Tools16:33 - The Balance Sheet20:42 - Treasury Buy-Backs25:06 - Debt Ceiling Thoughts28:33 - Debt Servicing & Deficits34:29 - Fed & Other Countries37:25 - Pivot Possibilities41:36 - Talking Down Markets44:17 - Inflation Targets48:24 - Energy & Resources50:05 - Credit Growth & Stocks53:14 - Treasury Market Risk55:40 - Treasury Auctions1:00:25 - Concluding Thoughts

    Guest Links:Website: https://fedguy.comBook: https://www.amazon.com/Central-Banking-101-Joseph-Wang/dp/0999136747/Twitter: https://twitter.com/FedGuy12

    Joseph Wang spent five years studying the plumbing of the financial system as a senior trader on the open market's desk. The Desk sits at the center of the dollar system as its ultimate and infinite provider of dollars. It has access to virtually all regulatory and financial data, as well as open lines of communication with all major market participants. It is one of the few places in the world where one can definitively learn how the system works.

    Before joining the Desk, Joseph was a credit analyst and in another life he practiced law. He holds a B.A. in Economics from Northwestern University, a J.D. from Columbia Law School, and an M.Sc. in Financial Economics from Oxford University.

    • 1 hr 4 min

Customer Reviews

4.7 out of 5
176 Ratings

176 Ratings

Doug/ ,

Best precious metals show

Tom gets so many high quality guests it astounds.
and some how he remains objective and calm despite all the money printing etc etal


Bad review for bringing Gayed

Everybody has faded gayed already. Not smart to invite him. And dont interpret this as contrarian.

RewsYourDaddy ,

Great interviews!

What’s all this aboot? These guys from up Nort are great! I’m from Minnesota so this is tongue in cheek.

Top Podcasts In Business

Ramsey Network
Jocko DEFCOR Network
Andy Frisella #100to0
Guy Raz | Wondery

You Might Also Like

Sprott Money
Quoth the Raven Research, LLC
Bill Powers
Adam Taggart - Wealthion
George Gammon
Trevor Hall