Palisades Gold Radio Collin Kettell

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







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







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







Talking Points From This Episode









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







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







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









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







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







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

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







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







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







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







Talking Points From This Episode









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







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







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









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







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







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







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

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







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







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







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







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







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







Talking Points From This Episode









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







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







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









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







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

Tom welcomes back Mike Singleton, Senior Analyst and Founder at Invictus Research to the show. Mike explains his views on the business cycle, current economic trends, and their impact on asset classes like stocks, bonds, commodities, and currencies. Mike explains that Invictus defines the business cycle as having three sub-cycles: real growth, inflation, and monetary policy. They believe these cycles drive price action across various assets. The US economy is currently reflating, indicating faster real growth and inflation. Despite inflationary pressures, federal deficits are expected to fuel manufacturing growth due to initiatives like the Inflation Reduction Act and CHIPS Act.







Mike argues that investors can benefit from an inflationary cycle as it leads to potential growth in earnings. However, consumers may face challenges with rising prices, affecting their quality of life and ability to deploy capital into markets. Mike believes that for a clearer understanding of inflation, one should look at commodity prices rather than Consumer Price Index (CPI).







Mike also discusses the significance of copper miners' performance as an indicator of real economic acceleration. He suggests considering ownership of productive assets and taking on more cyclical risk when copper miners outperform copper. Oil, as an energy input, follows this trend, with demand increasing during economic expansion. Despite a recent downturn, it is viewed as a buying opportunity.







The US dollar's relationship with economic data, interest rates, and the Fed is also discussed. While the U.S. economy is outperforming other developed markets, the dollar could strengthen based on interest rate parity. However, its weakening against emerging market currencies due to their improved economic conditions is generally bullish for reflationary assets like commodities and risky investments. Invictus has launched a new mobile app with an AI-enabled chatbot providing retail investors with access to research analysis.







Time Stamp References:0:00 - Introduction0:33 - Three Economic Cycles4:43 - Housing Sector Health7:08 - Consumer Spending & Deficits16:33 - CPI Metrics & Adjustments18:02 - Income, Wages, & Demand20:14 - Fed, CPI, Yields, Cuts26:05 - Commodity Demand30:46 - Metal Prices Vs. Miners32:10 - Oil Market Outlook35:23 - Strategies with Miners38:36 - Positioning & Cash40:10 - Investors Vs. Consumers41:25 - Wrap Up







Talking Points From This Episode









* How the business cycle's sub-cycles (real growth, inflation, monetary policy) influence asset price action.







* Copper miners' outperformance signals real economic acceleration; consider productive assets and cyclical risk.







* A stronger US dollar based on interest rate parity could benefit reflationary assets like commodities.









Guest Links:Website: https://invictus-research.com/Twitter: https://twitter.com/InvictusMacro







Michael Singleton is Senior Analyst at Invictus. He studied finance and theology at the University of Notre Dame, where he graduated summa cum laude. After graduating, he worked for several years with Broad Run Investment Management. There he spent most of my time conducting deep, fundamental diligence on the highest quality companies. That grounding gained him a thorough, bottom-up approach to research and has proven invaluable.







Since then, his focus has been spent studying the economy at-large and its relationship with liquid asset markets. There is a massive hole in the anlysis market for timely, thoughtful, and accessible macroeconomic research. That's why he became involved at Invictus.

Tom welcomes economist John Williams, the founder of Shadow Government Statistics to the show. Williams shares his background in economics and economic modeling, which led him to scrutinize government statistics due to their potential inaccuracies. He became particularly concerned with employment data revisions and manipulation. Despite improvements, he remains skeptical about inconsistencies' impact on forecasting accuracy.







Williams discusses the misrepresentation of inflation through changes in reporting methodologies, such as the Consumer Price Index (CPI). This underreporting of inflation affects cost-of-living adjustments and pension payouts, leaving retirees facing significant financial challenges. The pandemic exacerbated these issues with distorted CPI reporting.







He also criticizes the current economic situation's representation through GDP growth rates, which may not accurately represent underlying economic conditions. Inflation can lead to an increase in reported real GDP without actual sales growth. The excessive money supply injected into the economy during the pandemic is another major contributor to inflation.







Despite attempts to control inflation through interest rate hikes, the economy has suffered negative growth in critical sectors like retail sales, industrial production, housing, and employment. The Federal Reserve prioritizes the banking system over the economy, making high interest rates more beneficial for banks than for consumers. The historically large disparity between Gross Domestic Product (GDP) and Gross Domestic Income (GDI) further highlights a weak economy.







John predicts that despite rising GDP, there is a potential worsening in the next six months with underlying economic downturn and potential high or even hyperinflation. He advises holding precious metals like physical gold and silver as a hedge against inflation and preserving purchasing power during these uncertain times. Gold has been an effective hedge against inflation over the last 40 years, although it can also be manipulated.







Williams believes that the Federal Reserve will continue to intervene with monetary policies despite their inflationary effects. He encourages listeners to visit shadowgovernmentstats.com for more information and to contact him directly at johnwilliams@shadowstatts.com. His website was recently taken down, but the old site remains accessible for background information.







Talking Points From This Episode









* Government statistics, particularly inflation data, can be manipulated and underreported, leading to inaccurate economic representations.







* The Federal Reserve's priority is keeping the banking system afloat rather than addressing underlying economic issues, causing negative consequences for consumers.







* The Gross Domestic Product (GDP) may not accurately represent economic conditions as it can be artificially boosted by inflation and government interventions.







* Precious metals like gold serve as a hedge against inflation and help preserve purchasing power during uncertain economic times.









Time Stamp References:0:00 - Introduction0:38 - Background in Business4:15 - Models Being Redefined12:08 - Inflation Reporting17:26 - Releases & Revisions25:25 - Redefining Everything33:12 - Inflation Vs. GDP35:37 - Inflation Causations37:36 - Money Supply Measures46:56 - Real Economic Outlook50:39 - Gold - Inflation Hedge52:35 - Fed & The Next Crisis54:53 - Debt to GDP & Rates59:15 - Wrap Up







Guest Links:Website: https://shadowstats.comE-Mail: johnwilliams@shadowstats.com

Tom welcomes back Steve St. Angelo of the SRSrocco Report for a discussion on the economics of Bitcoin mining, focusing on the lifespan and economic viability of Bitcoin mining hardware. According to St. Angelo, major US Bitcoin miners Marathon and Riot account for significant portions of global hash rate production, with Bitcoin mining consuming approximately 1-2% of US electricity. However, Bitcoin miners' hardware depreciates rapidly; while they last five years, they become almost obsolete in two years, producing only around 90% of their total Bitcoin output by that time.







St. Angelo discusses the implications of this rapid depreciation on sustainability and profitability, raising concerns about underreported depreciation costs, which can mislead investors. To fund the capital expenditure required to replace these miners, companies issue large amounts of shares, leading to significant dilution for existing shareholders.







The conversation also touches on the potential use of stranded energy for Bitcoin mining but expresses concerns about its scarcity as energy demand grows. St. Angelo compares this to the gold mining industry, where inflation caused by government actions impacts production costs. He argues that the high depreciation rate and underreporting of these costs in the Bitcoin mining industry could lead to significant financial challenges.







Marathon and Riot's claims about not needing to issue further shares for growth remain uncertain. Steve expresses concerns regarding Bitcoin's energy consumption compared to gold mining and its unsustainability due to the need for continuous miner replacement. Despite his criticism of Bitcoin, he acknowledges that some investors are avid supporters. He emphasizes physical metals like gold as a higher quality collateral due to their durability and lack of ongoing energy consumption.







Additionally, Steve discusses trends in Gold Exchange-Traded Funds (ETFs) inflows and outflows between Western countries and Asia, particularly China. While there have been significant net outflows from Western Gold ETFs for several years, Eastern countries like China have experienced substantial increases in their Gold ETFs due to central banks' large-scale gold purchases. The West's potential shift towards real assets like gold is suggested, given the risks associated with US Treasuries and money market accounts. However, acquiring gold with potentially devalued dollars presents a challenge for Western investors.







Talking Points From This Episode









* Steve discusses Bitcoin mining's rapid hardware depreciation, its impact on profitability, and sustainability concerns.







* Marathon and Riot's Bitcoin mining operations face significant underreported depreciation costs.







* Gold ETF trends: Eastern countries' surge in gold purchases versus Western net outflows.









Time Stamp References:0:00 - Introduction0:44 - Economics of BTC Mining?4:10 - Mining Economics & Charts13:30 - Hash Rates & New Hardware17:07 - Share Dilution Solutions19:34 - Underperformance & CAP-Ex25:30 - All-In Costs & Mining27:56 - Electricity Consumption30:40 - End to End Depreciation37:17 - Bitcoin Value & Time38:35 - Comparing Mining Industries41:37 - Gold Mining Total Costs44:08 - Bitcoin Vs. Gold48:30 - Chinese Gold ETF Flows53:10 - Wrap Up







Guest Links:Website: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g







Independent researcher Steve St.