Some folks talk of how this will be an inflation-fuelled roaring twenties as if inflation is a good thing. But, as I explained in Bearcast yesterday, history shows how it rips society apart. The poverty it causes for many is an evil. Doug Casey, the libertarian author and speculator, follows this theme in the latest podcast from Palisade Capital. He may be more eloquent than I, certainly he delivers fewer “ers”.
I cannot help but think that unfolding events in the Ukraine are going to be positive for both gold and oil in the coming weeks. But that is not the thesis of analyst Steve St. Angelo of the SRSrocco Report. Steve seeks to show how energy can impact the price of gold and why it essentially sets a floor for the metal. He argues that the foundation of our global economy is the cost to produce goods and there has to be a profit margin: Everything has a margin but unfortunately, investors often forget this factor when evaluating charts.
I run this to annoy both our in-house crypto loon Jimbo but also gold loon Nigel Somerville. But Andrew Gilbert who makes the call is a chartist so, almost certainly, wrong.
Chris Rutherglen is a chartist so feel free to ignore everything he says but just to keep Nigel happy out there in freezing Montana at the log cabin with only the Unabomber on the next mountain to chat to …
Ex broker and commentator Bill Holter of JSMineset makes it clear: inflation is unavoidable and that must send gold higher.The process is already underway.
I name all those shareholders or their BB or Twitter names that Union Jack Oil (UJO) is using shareholder cash to troll in a most thoroughly unpleasant way as I exposed yesterday. I also comment on THG (THG), Cineworld (CINE), Tintra (TNT), Versarien (VRS) and then on the bursting of the Covid testing bubble with particular reference to Omega Diagnostics (ODX), Avacta (AVCT) and Novacyt (NCYT) which has its own BIG question to answer. Plus, of course, MyHealthChecked (MHC). I reference vaccination and covid rates in Israel in the podcast which is covered in more detail HERE.
Perhaps the world’s best known resource investor Rick Rule is, of course,talking his own book but now he has retired from Sprott he claims he can speak more freely than before. The joys of being unregulated. Don’t I know it!
Will Joshua ever make it back to school? There appear to be suggestions that Wales’s bone idle teachers will postpone his education in why white privilege makes him an automatic victim by yet another day. In the podcast I discuss why Cliff Weight is wrong about share options, the Chill Brands (CHLL) spoof and then took a detailed look at AIM China play Univison Limited (UVEL) which looks tome to be a zero. Have you looked at what this loss making indebted POS spunked £949,000 on during the first half? In signing off on interims,Nomad Spark Advisory is ‘avin’ a bubble.
Analyst Bob Coleman from Idaho Armored Vaults is a precious metals bull.
Analyst Jaime Carrasco of Canaccord Genuity is still a gold bull and here’s why.
Analyst Steven Van Metre has a stark warning for us all.
In today’s podcast, I discuss Christmas cheeses past and present, Bluebird Merchant Ventures (BMV), Guild E-Sports (GILD), Boohoo (BOO), Ince Group (INCE) Supply@ME Capital (SYME) and Eurasia Mining (EUA).
Never record a Bearcast underneath a bell tower just before the hour. I explain my new studio and why I had to use it and you can here the bell toll. In the podcast I discuss Omega Diagnostics (ODX) and have some breaking news on ADM Energy (ADME). Suffice to say you’d be crackers to own either share.
Analyst and silver bug David Morgan warns of the excessive risk created by the use of margin in markets. Excessive leverage led to the 1929 crash and the great depression. Investors can be wiped out if they are not careful.
In today’s Bearcast I refer to my earlier podcast on the Botswana variant market sell off but take that forward to specific stocks to be buying and shares to be selling as a result. Then I look at Optbiotix (OPTI) and whether Steve O’Hara has been a naughty boy, ADM Energy (ADME) and my expose of earlier HERE – you ain’t seen nothing yet - and Union Jack Oil (UJO).
Commentator Adrian Day says that “The Fed’s bark is worse than it’s bite.”
It is all about inflation stupid! Analyst Peter Boockvar of the Bleakley Group kicks off with the latest CPI prints and the transportation bottlenecks. He argues that these logistics issues are likely to persist to the number of trucking and shipping companies that went out of business in recent years which is one driver of the thief in the night.
Veteran financier Simon Hunt argues that there are generational risks in the global economy, there are growing bubbles everywhere, along with enormous amounts of speculation, overvalued markets, and geopolitical tensions which all appear to be worsening. In addition, he says, we have central bankers running wild but debt can’t continue to grow faster than the economy. Navigating these risks is difficult. You can either run with the crowd or take preventative actions. Interestingly, two countries China and Russia have chosen to take prudent action for their economies. They are preparing for the monetary collapse outside of their countries. They understand that this will end badly.
Veteran analyst Alasdair McLeod claims that the investment management industry is completely ignoring the expansion in money and the resulting inflation. Price increases are the consequence of this expansion of the money supply. He notes that we’ve experienced an expansion by 400% in M1; we are in hyperinflationary territory. Further spending on infrastructure using more printed money won’t make this any better.
As you may recall, the business model of Vox Markets is that companies pay £15,000 a year to get interviewed by Justin the Clown who then asks the CEO whether he prefers Hob Nobs or Jaffa Cakes and whether his schlonger is ginormous or merely massive. The sort of AIM and Standard Listed companies that sign up, hope that such interviews can move the share price so allowing the next bailout placing. Maybe those companies have finally worked out that nobody takes the Clown seriuously and this business model is finally being rumbled. I see interesting filings at Companies House.
Writer Lyn Alden is bang on the, increasingly worthless fiat, money when it comes to the thief in the night. She’s my sort of bird.
Analyst Michael Oliver believes the movement in gold last week was just the start of another bull run. Silver is in a similar pattern to gold but needs to reach $25.37 on a weekly close to trigger a move higher, he claims.
Analyst Andrew Hoese from Finding Value Finance explains his views on ratio investing with precious metals and how it ties into real estate. Ratio investing can be quite easy allowing one to increase their purchasing power by accumulating ounces in one’s investment stack.
I discuss today’s US elections, what will happen and what it means. Suffice to say Let’s Go Brandon! Then I look in detail at the forthcoming IPO of ProCook Group Limited which you can access on Primary Bid HERE. I would not. I also look at Kefi (Kefi), Sensyne (SENS) and Berkeley Energia (BKY). There is more on Let’s Go Brandon and on US politics in a podcast special on my own website HERE
Analyst John Feneck argues how different the miners feel now than back in 2016. He explains his investing approach and how he avoids certain issues. It’s important to be able to sleep at night. Currently, he’s heavily invested in junior miners and explains why.
Investor and writer Nate Fisher kicks off by describing a regular monthly pattern he sees with silver that is indicative of manipulation.
Analyst Jeffrey Christian admits that folks do not agree about what will happen next. He discusses his recent presentation at the Silver Symposium and how his opinions differ. He notes that all currencies are fiat and that gold’s value is determined by fiat. Much in the same way that currencies are valued by national central banks.
Asset manager Lawrence Lepard reckons the end of the bull market in everything is nigh. He sees equity growth slowing a sign that we are near a market top. Last year we had explosive growth in GDP but that has waned in recent months. We printed trillions to get us through the Covid period and now benefits are running out. The economy is starting to choke and the key question is will they do further stimulus or will the markets be allowed to roll over.
Analyst Christopher Aaron says “Now is the time to prepare your lifeboat because there is trouble coming for the dollar.”
Analyst Steve St. Angelo of the SRSrocco Report says that energy is the main driver of the economy and we are now entering an energy crisis. This crisis will affect everything in the economy.
Writer Kevin Muir of “The Macro Tourist” has a couple of pretty extreme big calls.
To say that I am cross by today’s turn of events would be an understatement. Hence this podcast is short and late and somewhat bad tempered. It covers Asos (ASC), Anglo African (AAAP), Tirupati Graphite (TGR), and Orcadian (ORCA) with another comment on the oil price and oil shares.
This is just for Jimbo! Writer Keith Weiner says that economists and experts tend to say the strangest things and most of their statements don’t pass basic scrutiny.
Jeepers, the answer will shock you but is a reminder that Fleet Street does read this website avidly. In the rest of the podcast, as my son spends the day vomiting I discuss a work life balance that is becoming increasingly daft. Then I head back to work looking at Ariana Resources (AAU) where I disagree with Nigel and probably lose another friend (Kerim Sener), Chesterfield Resources (CHF), Boohoo.com (BOO), AO World (AO.), Parsley Box (PUKE), Mercantile Ports (MPL) and Primary Bid and what it needs to change.
In today’s podcast I look at a raft of utter triumphs for me as a bear: Rosslyn Data (RDT) – no longer run by a former pornographer – Supply@ME Capital (FRAUD), Chill Brands (CHLL), Braveheart Investment Management (BRH) and Parsley Box (PUKE).
Asset manager Jaime Carrasco of Canaccord Genuity warns that we’re about to re-enter the storm that began back in 2008. He says, “Get your ship prepared.”
I put them straight that I was of Irish descent but my local village council are having a go at me again and so sent in two officers of Wrexham Council. To be fair, they agreed with me and think the villagers are, again, acting like total poltroons in harassing me whereas the previous owners were allowed to dump asbestos and whatever they wanted. I explain all in the podcast but suffice to say I am angry. Then I look in detail at Tern (TERN) and go far further than Lucian did earlier HERE. Then onto Union Jack (UJO) where nothing now makes sense. I also look at the crazy world of Wildcat Petroleum (WCAT) once more and add my tuppence worth on the scandal that is Seraphine (BUMP).
Today was Joshua’s birthday party so I am pretty whacked. In the podcast I look at how we fail to tackle financial crime – just 67 arrests by the dedicated unit responsible in H1. Then to ShareSoc. Will it on Wednesday blow off Jeff Prestridge as he blew off Neil Woodford? Or will it face him down and put one of the main enablers of what went on via his yellow journalism on the spot? I suggest some questions that Cliff Weight needs to put to Mr Presstrip. Or what abut listener Steve, would such an online showdown cheer you up?
Forgive the late bearcast but I was cooking amazing grub for relatives today including long lost cousin C. On the subject of families, congratulations to listeners Matthew & his dog who frequently request more swearing as Matthew has got engaged. In the podcast I discuss two no-one is watching O’clock statements yesterday from MyHealthChecked (MHC) and from Union Jack Oil (UJO). I do not mince my words on either.
I am a bit of a sweaty wreck as I prepare for a weekend of hell. I explain why. In the podcast I deal with Unon Jack Oil (UJO) and my article of earlier and of the issue of who CEO’s should do interviews with. In the end of course the share price is driven not by how much time is spent ramping the stock but by whether a company generates cash and how much.
Investment adviser Axel Merk warns that across the West there are growing reasons why tens of millions of folks will opt not to work but to such at the nipple of the State instead.
Matthew Scott is self publishing a children’s book to explain the concept of money. The book is called “The Illusion of Money” but it should instead be called the “Illusion of Currency”. And it should also be read by central bankers and politicians. Scott argues that eventually, faith is lost in every currency and its value disappears.
Bullion dealer James Anderson looks at gold demand since 2020 and argues that interest in metals is steadily increasing. In the years to come, he predicts that this interest will continue as uncertainty in the markets grows: The structure of the financial system today is vastly different than in the past. Now there are layers of obscurity hiding the unstable system. Eventually, these problems will be too big to hide.
Investor Michael Gentile has a simple message about the only way to cope with inevitable inflation coming down the track towards us and fast.
Analyst John Feneck of Feneck Consulting, argues that FOMC Chair Powell is a former attorney and isn’t an economist. So, it’s important to listen to what the Fed chair is saying and avoid noise from others, even those at the Fed. John explains the importance of non-farm payrolls metrics but one should also watch the CPI and home prices. He cautions that a single metric should not affect the gold sector that much.
Okay, the call is from a chartist so you may wish to ignore it but since it will annoy some folks here goes anyway.
Writer Jonathan Baird says that the biggest takeaway in markets today is the importance of macro factors. Some things that appear to come out of left field like the pandemic were foreseeable. It’s important to not focus too closely on your investments but also be aware of what is going on in the larger sense.
Dan Popescu is an independent investment analyst of the gold and silver markets and starts with a history lesson to justify his bold prediction.
Analyst Craig Hemke, founder of TF Metals Report is no fence sitter. Craig discusses the growing shift in wealth inequality since the untethering of the dollar from the gold standard. The ending of the gold standard required faith and confidence in the US government. Today, that confidence is steadily waning.
Celebrated author and investor Marc Faber does not mince his words. Most stock markets and sectors have underperformed compared with US Markets. This, Faber explains, is because every time the Fed prints, it ends up with corporations and the super-rich. Markets are no longer homogenous, and fiscal deficits are no longer expanding. This is making it more difficult for the entire market to move upwards.
Analyst Michael Oliver focuses on bubbles in equity markets and says that the S&P indicates a top while momentum is waning. He argues that bear markets typically begin with a gradual arm-wrestling decline and often no crashes, which he expects will occur. Michaels proprietary volatility indicators are now showing a similar pattern that we saw in 2008.
Asset manager Peter Grandich says that during his forty year career, financial markets have changed to become high-tech casinos. Spot on!
While I was recording bearcast, Zoetic (ZOE) announced that since promising results in July on May 17 – by when it would already have done much of the audit work – it had discovered all about covid so would not now be releasing, what will be piss poor, results (for the year to March 31 2021) until this month. Good news travels fast, bad news is delayed. The real reason for the delay is explained in this podcast. I also cover discussions with the regulators on UK Oil & Gas (UKOG), Supply@ME Capital (SYME), the John Story episode and getting the shyster resigned from Escape Hunt (ESC). I speculate on what he did next. And there is a final appeal for Ian Westbrook. Do not let the loathsome pig Neill Ricketts win by default, please donate HERE
A final melt up followed by an 80% market crash? This David Hunter chap is a cheery fellow is he not?
It is one company on AIM, it is for my pension and my reasoning is explained in full in this bonus podcast.
Asset manager Michael Gayed notes that this year has been remarkable in many ways. That is a bit of an understatement.
Patrick Karim is a technicals based trader so take what he says with a pinch of salt but he makes a few big calls.
A frantic morning of tidying sees Joshua and I ready to face the Mrs, we head to Athens shortly. Ahead of that I suggest a new gender test for the Olympics. In the main podcast I look at bitcoin, Argo Blockchain (ARB), Fevertree (FEVR), coping on a meltdown day, Nightcap (NGHT) and St James House (SJH).
Alasdair Macleod, Head of Research For GoldMoney kicks off with the Fed’s levels of reverse repos and quantitative easing of 120 billion a month. Since the banks can’t absorb all the extra liquidity-seeking returns, he points out that the Fed must step into the market.
This will be music to the ears of our in-house gold loon Nigel Somerville. Trent Norris from Sterling Capital is a gold bull but a silver mega bull. He believes the mining sector is in an excellent buying opportunity at that we are near the start of the cycle, which usually lasts a decade.
When a director of a listed company is interviewed by a fine fellow such as my old friend the Sith Lord Zak Mir or Justin “the clown” Waite there are restrictions on what he can or cannot say. Of course some directors ignore the rules and the Oxymorons at AIM Regulation do nothing. But there will be at least a note of caution in making ludicrous claims. But in recent times, there has been more evidence of a get-around.
Hat tip to a reader who, for some reason, was prepared to listen to a string of podcasts by Justin Waite and had still retained enough of his sanity at the end to pass on this little expose about the unscrupulous clown.
Writer Steve St. Angelo of the SRSrocco Report says that the Fed’s Treasury purchase isn’t money creation; instead, it destroys it. Therefore, QE is not inflationary as many believe. This process is supposed to lower rates and thus increase public borrowing. However, QE is destroying money velocity and gradually ruining the economy.
Ron Paul for President! Sadly he never made it past the Republican Primaries. America is not ready for a honest, sound money libertarian yet. But the good doctor is still my hero. In this new video, Dr Paul discusses the need to reduce the size and scope of government. He argues that people today rely on the government too much, and politicians can’t resist taking advantage of this dependence. It’s like an addiction, and stopping it is a problem. The plunge protection team has done a miraculous job of propping up the market. But, unfortunately, Paul argues, the dollar will continue to decline, and inflation will result in the prices of everything going up.
The author of the annual “In Gold we Trust” report Ronald-Peter Stöeferle has titled this year’s dossier “Monetary Climate Change” and the reports cover shows the Statue of Liberty drowning in debt. Ronald is trying to show the lack of sustainability of the US monetary system.
Chris Irons, host of the Quoth The Raven, is an outspoken and entertaining fellow who is pretty much bang on the money most of the time. His core thesis is that modern financial systems are essentially nefarious schemes that benefit politicians and the wealthy.
Chris Vermeulen, founder of Technical Traders, is a chartist and so that’s a caveat to what follows. He reckons that in terms of big moves, all markets may be in a summer doldrum period. However…
Bankster and author Diego Parrilla defines a bubble and how misconceptions can distort reality at extreme values, either high or low. Every bubble has an anti-bubble.
Nick Giambruno is Chief Analyst of The Casey Report and warns that the thief in the night is now out of control. Nick differentiates money from fiat currency and where investors should hold their wealth in times of crisis. He argues that Bitcoin is a good alternative and is not unlike gold. Digital scarcity is a new invention, and the real revolution is in bitcoin, not other digital currencies. Bitcoin is unique because it isn’t controlled by banks or corporations and works as a form of digital gold. He believes bitcoin is in the process of monetization around the world.
Libertarian philosopher, speculator, and author Doug Casey kicks off by suggesting paying for a University education is a misallocation of time and money to have your head pumped full of Marxist ideas.
Money manager Ted Oakley says US job numbers may appear to be improving but it’s hard to measure real employment numbers accurately. The jobs and family act need to be passed so that society at large obtain some return on that money. America needs to stop paying people to stay home. So a fake economy has been created meaning valuations of all asset classes are way beyond stretched.
Pierre Lassonde is the Co-Founder of Franco Nevada and formerly was President of Newmont Mining so knows his onions but is also talking his own book big time. With that caveat, he starts by discussing how a weak dollar and a low-interest-rate environment are good for gold. Real interest rates have to remain low or the debt can’t be repaid. Effectively today, we have negative interest rates, and that is always good for gold he argues.
Writer Kevin Muir of “The Macro Tourist” kicks off by explaining how the Repo Markets function, their purpose, and what led to the September 2019 freeze. It’s the financial plumbing of the entire banking system where banks lend to each other. The front end of the curve acts as a temperature gauge for the system. Why does this matter?
The good news is that Rogue Bloggers for Woodlarks is, 3 days ahead of our walk, now less than £3,000 away from our £48,000 fund raise target. If you are yet to donate, please do so HERE. In today’s podcast, I discuss Amigo (AMGO), Wishbone Gold (WSBN), Zoetic (ZOE), Skinbiotherapeutics (SBTX) and Optibiotix (OPTI).
Good news. We are now at £44,456.89 so almost at the £48,000 target. Please, if you are yet to donate do so today HERE. In the podcast I cover Sosandar (SOS), Amigo (AMGO), Online Blockchain (OBC), Telit (TCM), Argo Blockchain (ARB) and “guru” Michael Saylor, Bidstack (BIDS) and Colin Bird’s Tiger Royalties (TIR) which is a right old dog.
Russell Starr is President and CEO of Trillium Gold so is talking his own book. But he talks a lot of sense. He explains how we are in the stealthiest gold bull market because most investors are overlooking it. This lack of interest has created enormous opportunities for investors. Inflation is likely to drive generalist investors back. Just consider housing prices and compare them with the official CPI numbers. The value of everything is being destroyed, and investors will soon realize that they should put money into gold.
Professor David Collum of Cornell University is an expert on inflation. David starts with the observation that actual wealth creation involves making life better, and the 1870s to 1940s are a good example. Since the 1940s, wealth creation has become much more gradual. GDP today does not consider inflation or planned obsolescence from cheap consumer goods.
Oh dear. What have I been accused of now? All is revealed in the photos below. I end by thanking you all as we are now at nearly £40,000 for Rogue Bloggers for Woodlarks. Thanks to all who have donated. To those still to chip in, as we are just c£8,000 short, please do so HERE. Sunday’s training walk will be the most grim yet. In the podcast, I look at Amigo (AMGO), Evil Knievil’s “scum” comment, Hurricane Energy (HUR), Skinbiotherapeutics (SBTX) and Novacyt (NCYT).
Equity strategist Gareth Soloway is as bullish on gold as he is bearish on equities, He claims one should balance news with chart technicals. I guess he is half right. Gareth says that you want to be aware of new economic data even though his focus is primarily on the charts.
We are now well over £30,000 (with gift aid) for Rogue Bloggers for Woodlarks so that is 70% of our target – if you are yet to donate, please do so HERE. In the podcast, I discuss MyHeathChecked (MHC), Zoetic (ZOE), bitcoin, Tesla (TSLA) and Argo Blockchain (ARB).
Investor Rafi Zarber is a libertarian and an Austrian school economist so clearly can do no wrong at all in my eyes. He recently penned an article on money as a gold substitute where he defines the meaning of sound and hard monies. Money needs to be predictable in what it measures and have a predictable supply. Debt substitutes and paper promises become problematic over time, and the entire system becomes unbalanced. These imbalances cause price and supply disruptions across sectors, including commodities like mining.
Kevin Wadsworth and Patrick Karim are both chartists so feel free to ignore everything they say.
As an IT geek turned mining entrepreneur, John Lee of Silver Elephant Mining is talking his own book here. He argues that everything in life is probability-based, including gold and silver, and much hinges on the dollar. The dollar has recently broken down, which is great for metals, but if it resumes its uptrend, that would be tamper silver expectations.
Michael Oliver warns that the charts tell you that equity markets are topping and points out that the large leading stocks are waning in these indexes. This could be a sign of trouble and evidence of a gradual decline into a bear market. He discusses how bonds are usually inverse to equities, and they are watching for a counter-trend rally. If significant funds get nervous, they will move to treasury bonds and gold.
The photos will come later (not of underpants). The walk is done but I paid the penalty of ignoring Dan’s golden rule. We have now raised more than £14,000 and as you think of my pain today, will the 96% of bearcast listeners who have yet to donate please do so here. Otherwise I will talk about Dan’s underpants again. In the rest of the podcast, I take issue with ex soccer player Andrew Johnson on tax and then look in detail at the claims made by Versarien (VRS) about its graphene enhanced face nappies and why they do not stack up at two levels and, as such, why there really should be a UK product recall.
Analyst Danielle DiMartino Booth is my sort of bird – a dry as dust Austrian economist who tells it as it is. Pointing out the elephant in the room that bulls ignore, she starts by flagging up that America is a very indebted country if one includes American households, corporations, and the national debt itself. Servicing all this debt is only possible because the Fed has been able to keep bond yields near zero.
Asset manager David Hunter does not mince his words. Equities are in a late stage melt up but will then, he predicts, fall by 80% as we go from a global deflationary bust followed by an inflationary recovery cycle. We will see dollar weakness now followed by a big dollar rally during the bust.
Brian Hirschman is the Managing Partner of Hirschmann Partnership, dubbed by ValueWalk as the “World’s Most Bearish Hedge Fund.” He warns that all the bubbles have only grown in recent months and that the two biggest bubbles are bitcoin and residential real estate.
I look at my coffee cup and – as the Iron lady would – I despair at the world of today. I then consider events and the valuation of Iconic (ICON), Argo Blockchain (ARB) where share dumping directors had no idea a placing was imminent – and the fraud Zoetic International (ZOE). I hope I pleased Matthew and his dog today, if you enjoyed the podcast you know what to do HERE
Writer Erik Wetterling of the Hedgeless Horseman claims that real assets are undcervalued, indeed are at 97 year lows. What is a real asset? Gold of course.
Right now my main battle seems to be with the snitches here in Snitcher-on-Dee where I take no prisoners again today - HERE. In this podcast I discuss why this CEO is a moron but how I really want to see him in Court. Then I ask more questions about the fraud Supply@ME Capital (SYME) which Mr Paul Vann declines to answer, look at Eurasia Mining (EUA) and produce a detailed analysis of the ramp du jour that is Totally (TLY). PS I trust listener Matthew and his dog are impressed by this podcast in his honour.
Libertarian investor Rafi Farber is an economist of the Austrian school so clearly a sound chap. He outlines the treasury market operations and the massive increase in debt issuance. Much of this debt is now being redeployed under Janet Yellen and will require an enormous amount of additional issuance to finance the infrastructure spending under Biden. This debt will be raised through ten-year and two-year treasuries, and the Fed will have to monetize nearly all of it. And that will have only one result.
Recently semi-retired, Rick Rule says, “The game is to find the tiny percentage of companies that are spectacularly successful in a sector that loses four billion dollars per year.” Easy, right?
Gold businessman Keith Weiner argues that there is no way to extinguish debt in our current system, so the total debt grows, and due to interest, it tends to grow exponentially. He says that in the past, the Fed loosened regulations and lowered rates, but it’s like they are now pushing on a string.
I refer to the painting of a window at the Welsh Hovel which occurred as I was out doing a 16 mile Woodlarks training walk. I am utterly livid so please give a few quid to Woodlarks HERE, as you consider both my anger and my sore feet. In this podcast I look at professional media tarts like Peter Hargreaves bleating on about retail punters being mugged on the Deliveroo (ROO) float. Then at signs of the bubble of everything this time in relation to residential housing.
Analyst Luke Gromen argues that the global sovereign debt bubble is bursting, something which last occurred a hundred years ago. He believes that the Central banks are nearly entirely out of options, and bond markets are beginning to understand this fact.
Trader Francis Hunt “The Market Sniper” says that gold is acting as the bellwether for the collapsing global economy. Gold and silver will soon be unleashed, not unlike the recent major moves in palladium and rhodium. He says that a lot is happening behind the scenes that will affect precious metals, and he looks closely at the macro picture surrounding the markets and bonds.
Asset manager Michael Gayed warns the very fabric of society is at risk.
Investor Michael Gentile started out during the Tech Boom’s final phases and has always taken a contrarian investment approach. He says that he has learned it’s best to get involved in a sector when it’s hated and that commodities tend to bounce between extremes of sentiment.
Economist John Adams works for bullion dealer As Good As Gold Australia so he talks his own book. But his views would once have been mainstream Austrian. So much has changed.
I start discussing my weight, as HERE, the annual Woodlarks walk and how my use of Optibiotix (OPTI) shakes is going. Then onto Sam Gyimah and the diversity in business myth. If you are listening in Scotland, do not discuss this podcast with your other half at supper tonight or else! Then onto today’s shocking news about Julie “Lingerie on Expenses” Meyer.
Wall Street veteran Peter Grandich believes that the loose monetary policy day of reckoning must come. He says, “We just past another couple trillion in money printing. This debt isn’t something that will go away; someone will pay the price and pay dearly. Servicing this debt is an issue, and the average American has no understanding of what is occurring.”
All chartists, not just Zak Mir, talk total cobblers and so here are two of them on the subject of gold, silver, and copper. Kevin Wadsworth and Patrick Karim talk cobblers. I’d love them to be right but I bet they are not. Enjoy.
Perhaps the world’s best known mining investor, Rick Rule of Sprott, has recently announced his phased retirement. Is this a sign that the gold game is up? Au contraire.
Analyst Bill Holter kicks off with the events in Texas during the winter storm and why the weather was sigma level abnormal. The forecasts were wrong, and the infrastructure in Texas was not built for those temperatures. This does have wider ramifications but is a metaphor for what will hit the financial markets.
Money manager Vincent Lanci explains some of the terms surrounding the bond markets and the current signs of low investor interest. Strangely, there was a massive reaction on Thursday’s Treasury auction to that lack of interest. The market was behaving like it expected the Fed to raise rates. In his speech on Thursday, everything that Powell said revealed the Fed would not raise rates, and they were not concerned by inflation. They stated they would remain extremely accommodating.
Gold investor Don Durrett believes that the yellow metal is currently trapped on the chart and will fall before it recovers. Investors currently don’t have a good reason to exit the stock market and buy gold. If a correction occurs in stocks, it seems unlikely that gold will avoid taking a liquidity hit, but it will recover.
Silver bugs always say that the market is a big con and one day it will crack. The Reddit crowd tried to crack it and failed. But might there be some truth in this particular conspiracy theory?
Analyst David H. Smith has a prediction to delight we loyal shareholders in Jubilee Metals (JLP). Nope, not Colin Bird’s resignation but almost as good is his view on the relationship between platinum and palladium and why the prices between them are currently inverted. Platinum being quite rare, it is usually more expensive than both gold and palladium. This trend seems to be in the process, he argues, of returning to normal. Good news.
I start with the Mrs and George Orwell. Then with the podcast that went live today with me as the guest, not of Cheryl Cole or Princess Anne as was suggested, but of James Delingpole and it is – I think – very entertaining. Then to the final vindication of 2 big exposes from October 2019 HERE and HERE. These both show the failings of the FCA and I compare and contrast whistleblowing to the floor shitters with whistleblowing to the SEC which I did today re the fraud Zoetic International (ZOE).
Jim Forsythe served in the USAF and campaigned for the great Ron Paul, my hero, back in 2008. So he can do no wrong in my book although his participation in the recent #silverrsqueeze is perhaps a minor blemish. Jim says that learning from Ron Paul helped him understand the economic system that the world is under, and “The bigger problems facing the U.S. that are internal.” He has been a firm gold and silver believer since 2007, investing in both miners and physical. He says, “People need to make their own choice to have gold and silver as money.”
After the recent fun and games in silver, writer Lior Gantz starts this podcast 40 years ago. He explains the 1980 Hunt Brothers short squeeze and how they managed to corner the silver market by buying up a third of the global supply. The government’s solution was to prevent long contracts and forced the Hunt Brothers to sell.
Macroeconomist Henrik Zeberg analyses where we are in the winter season of the Kondratieff cycle and what comes next. He believes we are approaching the final deflationary phase, which will have severe consequences for investors.
Writer Lance Lewis says that his early career as a tech analyst taught him the business cycle and that it was much easier back then to make money on the short side of the market, but that always came with risk. And that is why he is making this big call today.
Asset manager Jonathan Mergott, says that what folks are missing is that we are now seeing a loss of faith in the system. This will be the main driver for gold.
Today’s podcast is late for reasons I explain. Sorry. I discuss Xtract Resources (XTR), Asiamet (ARS), Iconic (ICON) and Remote Monitored Systems (RMS).
Fund manager Jaime Carrasco of Canaccord Genuity looks back on 2020, the elections, and why the world needs a monetary reset. As some of us keep pointing out to bearded lefty crackpot Darren Atwater, Jaime notes that Darren’s beloved Canada is making many stupid decisions around energy and the economy. Globally, the consequences are becoming evident from all the money printing. Darren, be warned, this will end in tears for you and the cats.
I recorded a long video with Lucian earlier and silver was on his agenda. He will like what analyst Michael Oliver has to say about past markets and how in the 1976 period, investors moved into commodities and stocks went sideways. He believes that today, we are entering a similar period as most commodities have had long basing periods and are now turning upwards. This move seems to be caused by the expansion of the money supply and monetary policy.
Asset manager Lawrence Lepard of Equity Management Associates argues that the system has failed due to unsound money, and an immediate restructuring would be preferable. The alternative may be dragging the process out for the next twenty years. He explains the differences between today and 2008 and why we haven’t seen much increase in money velocity yet.
Silver Guru David Morgan says that in inflation-adjusted terms silver is near all time lows and that “90% of the move comes in the last 10% of the time.” Physical demand in 2020 for silver from ETF’s has been unprecedented, and the gold-silver ratio has also outperformed. He argues that silver should continue to outpace gold, and he expects this bull run to continue for another two or three years.
Analyst Kirian van Hest is a specialist on the Comex and where its delivery default risk may be heading in the coming months. Kirian was expecting more stimulus this last Autumn and more investment in the precious metals. He says that the numbers Comex is reporting are highly suspect, and it appears that it’s now one big fraud. He feels that by February or the latest, the middle of 2021, the Comex’s fraud will become very evident.
Analyst and devout Christian Peter Grandich called the bottom in gold in 2018. At that time, it was a very contrarian trade, as most investors had given up. The lack of exploration, coupled with the massive money printing, made this a relatively easy decision. He feels bullion may still have a way to run but mining equities will go even further. He expects a new period of M&A and interest from large funds.
Analyst Martin Armstrong uses AI to generate his reports but, despite that, he seems to talk some sort of sense. He warns of the failing European politics and economics and why their global agendas are becoming an enormous burden on the world. The critical issue today is faith in government and the consequences when this collapses. People in Europe are hoarding cash, which is driving the ECB to implement a digital currency.
In today’s podcast I look at Powerhouse Energy (PHE), Supply@ME Capital (SYME), Pires Investments (PIRI) and Chris Akers, MyHealthChecked (MHC), Inspirit (INSP), Octagonal (OCT), and Remote Monitored Systems (RMS).
Fear not, I will eat my hat on video. Just give me a day or two. In today’s podcast I look at my macro assumptions for 2021 and a few stocks that come out of them as obviuous longs or shorts. Natch Red Rock Resources (RRR) of hat-eating infamy is in the former category big time. No sniggering at the back. And talking of videos, there is another coming on New Year’s Day which will enrage our in house Euro loon Jonathan Price.
Author Charles Goyette does not mince his words. They will print dollars until they destroy the currency and this means you must be ready for the last great gold rush. He argues that there is something different about this bull market – bull markets are generally driven by money printing, but today this is unprecedented and global.
Writer Lyn Alden looks at the economic downturn and notes that we’ve seen a rebound in some asset classes, but, she argues, that it will take most of 2021 to see all the effects play out. We’ve seen a weaker dollar and slowing GDP growth globally. By late 2021 the global economy should improve gradually.
Analyst Steve Thomas notes that after a slow decline in gold prices, sentiment reached a new low when Bitcoin tested its all-time high. These times, he suggests, are buying opportunities.
Nicholas Mertin is the founder of Digifox a digital finance platform and DataDash, the largest cryptocurrency YouTube channel is talking his own book here. But as we have a few bitcoin nutters on this website, as well as the legion of gold bugs headed up by comrade Somerville, here is something for you.
Bullion dealer Simon Mikhailovich argues that today’s accounting practices may look okay on paper but the truth is that we are bust. It is now impossible to meet the future demands on cash-flow. Rates today are at 5000-year lows, while most assets are very overpriced. The dollar has declined in value during the past century by 95%. He argues that since interest rates are now zero, currency can only fall in value from here.
Analyst Alasdair Macleod believes, unlike our beloved Government, in sound money. As such he does not read too much into November’s gold slippage.
That put an end to his nursery day halfway through the practice for the Carol service. Anyhow, he is now back here with me and Maddie Moate and recovering. In today’s podcast, I discuss a change of name from Concepta (CPT) to My Health Check (MHC) and Wishbone (WSBN) en passant then am upset that Powerhouse (PHE) is still not answering my questions about related party (no sniggering at the back) transactions. Then, in more detail, DeepVerge (DVRG) and Zoetic (ZOE).
Bullion industry veteran Bill Haynes views the amazing prospects for gold in the context of past events starting with Nixon closing the gold window in the early 1970s. Bill believes that gold could reach 4 or 5 thousand dollars an ounce in the next couple of years and so says, “People need to buy gold before it gets too expensive.”
Analyst David Kranzler of Investment Research Dynamics argues that banks like JP Morgan leverage commodity market options via manipulating prices via massive amounts of paper contracts. This manipulation is a source of massive profits for these bullion banks and is permitted because it benefits Central Banks. These shock and awe hits to the market are designed to shake out weak participants.
Asset manager Frank Holmes argues that the US the election results and a split house may be the perfect scenario for the stock market and the ideal scenario for gold. He believes that G20 Central bankers have been functioning as a cartel since 2008 by synchronizing taxation and regulation. Now they are playing with MMT, zero interest rates, and monetary stimulus. However, they have redefined the CPI, and today if you use the old model, inflation is running at close to eight percent. Smart people are buying real assets like art, gold, silver, mining equities, and bitcoin.
Libertarian speculator and author Doug Casey says it’s difficult today to be an investor with all the government economic distortion and mis-allocation of capital. However, in contrast a speculator can do well in this environment. He says, “Being a speculator should not be confused with being a trader.”
Trader Patrick Karim has words which will delight Nigel Somerville and other gold loons.
Fund manager John Hathaway of Sprott argues that traditional portfolio weightings no longer work. Bonds today are return-free risk, which opens the door for gold since something has to replace bonds. He says that some large pension fund advisors are considering gold as a risk mitigator.
In today’s podcast I look at Synairgen (SNG), Nakama (NAK) and the wider macro read across, Tern (TERN) and UK Oil & Gas (UKOG)
Analyst Andy Schectman of Miles Franklin likens Monday’s hit on gold to a drive-by shooting. He says, “Physical demand has nothing to do with what we just saw on the Comex. This was done to create a perception of reality.”
This, very short, podcast gives my excuses for today’s relative silence from me and warns you on why the next week may also be silent.
Writer and trader Gary Wagner says that folks are waiting for more stimulus, but the next program will likely not arrive until February. The US economy continues to contract, and while some businesses are doing very well, others are being hit quite hard. The Fed has stated that interest rates will remain unchanged as it still has some options in their toolbox.He says that you can expect gold and equities to continue to do well in this environment.
As you can see here, I shall be engaging in a small act of defiance tonight. In the podcast I discuss UK Oil & Gas (UKOG) - forced by myself to ‘fess up today about what is happening at the Gatwick Dribbler. I look at Trainline (TRN) and explain why the soon to be ex CEO is not a crook, at Guild Esports (GILD), Bluebird Merchant Ventures (BMV) and at Jubilee Metals (JLP).
Writer and fund manager Michael Gayed does not mince his words.
I start with a few words on my preparations for tomorrow’s funeral which will mean my absence from this site for a day. Then onto the election in America where our boy is on a bit of a roll - a full analysis of recent developments is in a special podcast HERE. Then it is on to Verditek (VDTK), Versarien (VRS), Covid shorts and longs including, sorry Three Brains, Carnival (CCL). Finally a look at grossly overvalued Mirriad (MIRI).
I start with a few notes on preparations for Thursday’s funeral following my piece on mad Covid rules and Dad’s ceremony HERE. Then I look at Verditek (VDTK) and Versarien (VRS) where the wheels realy are coming off. Then it is onto a defence of my friend Tim Blackstone and my analysis of Metals Exploration (MTL). Finally I look, in real detail (hence the length of this podcast), at Guild Esports (GILD) which was much hyped by the deadwood press at its IPO a few weeks ago partly because David Beckham was investing in it. I expose why that is so utterly misleading, Becks will make a killing from this IPO but I suggest mug punters will not. This whole thing stinks.
In today’s podcast I start with PrimaryBid and the way brokers are crying foul on the London Stock Exchange backing it financially. Then onto, quite good, H2 numbers from ADVFN (AFN) but my real disquiet at the way my taxes are going on supporting the lifestyle of an overpaid board.
For reasons which are nothing to do with the insanity of Mark Drakeford, I cannot work properly today at the Welsh Hovel hence this bearcast is short. I explain those reasons and hope to be back to normal by Saturday. In the podcast, I discuss that impending lockdown and also last night’s debate between Donald Trump and China Joe Biden and what it means for November 3.
Asset manager Egon von Greyerz of Matterhorn Asset Management AG based in Switzerland argues that today’s events are not nerw. History does repeat itself. Governments love to spend more than they receive in revenue, and no currency has ever survived. Deficits have been nearly non-stop since 1930, and often an unrelated trigger can cause the crisis.
It is a week exactly since my father’s death and I accept that my work is substandard and apologise. It is hard to lift myself from this slough of despond. In today’s podcast I cover Inspirit (INSP), Wishbone Gold (WSBN), Kefi (KEFI), Boohoo (BOO), Amigo (AMGO), Contango (CG0) and i-Nexus (INX).
Rick Rule of Sprott is, perhaps, the world’s best known investor in precious metals. So maybe he is talking his own book.
Fund manager Jaime Carrasco of Canaccord Genuity starts with the Fed’s rampant money printing. Whenever central banks print like crazy, income inequality and destruction come to the middle class throughout history. These policies explain the politics today and why the outlier tends to be elected.
If the title is not immediately clear as to why it is relevant, listen to the podcast and it soon will be.
This is my sort of bird! Danielle DiMartino Booth is the CEO and Chief Strategists for Quill Intelligence, a research and analytics firm. She makes a stark warning about the USA and the dollar.
Fund manager Nick Barisheff looks back to what happened in the past and considers the risk of confiscation of gold and why the correct term should be “expropriation.”
Fasten your seat belts and don’t sell your gold shares (unless they are in companies run by folks whose middle name is Dilution and whose first name is Calamity).
Does anyone know this Ian Roy Duncan? He seems unhinged but I receive emails, like the one I read out in this podcast, more or less every day. Ian owns shares in Supply@ME Capital (SYME) and I discuss that particular Norfolk and why you have to be truly thick as two short planks, as Ian is, to own after today’s news. I also look at Verditek (VDTK), UK Oil & Gas (UKOG), Red Rock Resources (RRR), Zenith Energy (ZEN) – for whom I have a question – Avacta (AVCT) and ValiRX (VAL) where the valuation, even after today’s fall, looks bonkers after trial data which I discuss and analyse.
Analyst Jan Nieuwenhuijs has strong views on the commodity markets, gold, and the problems within central banking.
I warn you that my Mahmud Kamani impression when he meets the new ESG director forced upon him contains strong language. It had to, to be accurate. I discuss, in this podcast, the liars at Supply@ME Capital (SYME), William Hill (WMH), Restaurant Group (RBG), Hammerson (HMSO) and Boohoo (BOO), plus my act of mask rebellion in Wrexham yesterday as I stocked up on loo rolls. You – and the Mrs – mocked me last time but it is better to be the first lunatic overreacting than the first sane person forced to pay £5 and limited to 1 roll each!
SSince I am a loyal and supportive shareholder at Pensana Rare Earths (PRE), this video is naturally sweet music to my ears! And the video also focuses on the mega bull case for copper which, as an Asiamet (ARS) shareholder, makes me even happier.
I have been distracted today as you can see HERE. In today’s podcast, I cover Wishbone Gold (WSBN) and Big Dave’s honesty. I look at Supply@ME Capital (SYME) and its latest dishonesty, Cineworld (CINE), Biome Technologies (BIOM) and at Versarien (VRS).
I have today been quite busy on family matters, see HERE, which I find fascinating. I appreciate others may not! In the podcast I look at the general market meldown in the face of the Government going economy wrecking bonkers over Covid. I look at Supply@ME Capital (SYME) and Avant Garde, Verditek (VDTK) and its idiot investors, Big Dish (DISH), Trainline (TRN), Bidstack (BIDS) FinnCap (FCAP) and a cracking trading statement but questionable morals and Iconic (ICON) and the perils of the sub Standard List.
Our own Nigel Somerville has suggested that this is indeed the case. Author and analyst Robert Kientz also thinks so and explains why.
In today’s podcast, I consider my dining experience in Chester last night and then look at Carnival (CCL), Supply@ME Capital (SYME) and its jail bait CEO and the one question its diehard supporters cannot answer. Moving on, I consider Xtract Resources (XTR), Tiger Royalties (TIR) and the loathsome spiv Jon Bellis of Novum who has now pushed me over the edge, I look at Novacyt (NCYT) and TrakM8 (TRAK), once the beau of Britain’s thirstiest share blogger.
Technical analyst David Keller says that the number one consideration for an investor should be price followed by regularly watching trends of many asset classes. He says, “Price tells you where capital is moving towards, while breadth shows you what bets are being made, and sentiment reveals what people are saying.” David gives some examples of breadth trends and why they provide a sneak peek into the markets’ operation.
Writer Bill Holter believes that the Covid response acted to postpone total meltdown. But it only delays the day of doom.
And if analyst Craig Hemke is correct, you just have to buy precious metals exposure, especially gold.
Given the shape of my portfolio, I really would not mind if Brian Hirschman, the Managing Partner of Hirschmann Partnership, is right with this call. Brian’s firm is known as the “World’s Most Bearish Hedge Fund.”
Lynette Zang, Chief Market Analyst at ITM Trading, says that the Fed has been unable to hit its 2% inflation target but says, “The Fed is getting prepared because they expect to lose control of inflation soon.” The Fed plans to quietly introduce a cashless system with an 18 step plan early in 2021. This new system will enable the Fed to deposit money directly and will give them absolute control of their policies. This coming UBI stimulus scheme will be the fuel that starts hyperinflation fire since we are a consumer-driven economy; they have to get us to consume.
If you are feeling a bit low, you’d better not tune in to this one. Writer David Morgan is a bear at every level.
Analyst Nick Giambruno explains which assets are “hard assets” and so will fly when fiat is, as now, being debauched. There are key characteristics that make gold the best money, and other assets like silver and bitcoin share many of those features. Bitcoin fits this definition because it’s scarce, and its supply growth is similar to that of gold (gradually declining).
Once again we stumble across someone who makes Nigel Somerville look sane and balanced. Trader Steve Penny claims that “Commodities have never been so cheap relative to paper assets.” He argues that today is a generational wealth transfer opportunity. His macro thesis is that the national debt is mathematically impossible to repay. History has shown that politicians will always try to inflate away the debt.
Kevin Smith is the founder and CIO of asset manager Crescat Capital and warns that there are asset bubbles everywhere. He flags up the enormous credit bubbles that exist in China and Hong Kong. These credit bubbles have resulted in housing bubbles with a very similar signature to the last housing bubble in the United States.
Economist David Rosenberg says that flattened yield curves are promoting liquidity issues, credit supply has been contracting, and the velocity of money is also declining. So, he argues, if money velocity stabilizes, we’re going to get a lot more inflation, and perhaps that is what gold is trying to signal.
Jordan Roy-Byrne, the only chartist we take seriously, predicted the recent correction in gold. What next?
Michael Pento President and Founder of Pento Portfolio Strategies does not mince his words. He says that “We see now a rebound in the virus, the closing of the economies, and a fiscal cliff that is going to be absolutely devastating… The cliff is coming because you can’t print trillions of dollars and borrow trillions every few months. No economy in the history of planet earth has ever been able to do that without destroying its currency and bond market. I don’t think the US will be any different.”
Legendary commentator Marc Faber does not mince his words. Whatever is being done to pump the stockmarket, the real economy has been crushed and will not bounce back. He states: “The economy is currently in a dead-cat bounce and that peak economic levels seen in 2018-2019 will not come back for a long-time… and by a long-time… years.”
And you thought that our own Nigel Somerville was nutso. Meet macro strategist David Hunter. Hmm, now what are my shares in Ariana (AAU) & Xtract Resources (XTR)worth on a DCF basis with gold at $10,000 oz? I am only kidding; this is quite literally insane.
Jordan Roy Byrne is the only chartist we take seriously and he has a warning for you all. Jordan thinks a correction is coming. GDX & GDXJ hit major resistance levels and breadth indicators are extremely overbought. We highlight support levels in Gold & Silver. All is explained in the latest podcast from Palisade Capital.
I will start writing up my Greek diary tomorrow when I feel a bit more rested after the travel. But in this podcast, I give you a taster of a few of my thoughts and of life here in Kambos where I shook a man’s hand for the first time in months yesterday. I also look at the latest Covid madness from bonkers Boris and at BP (BP.) and the question of its dividend. Of course it should be slashed and if it is, I’d expect the shares to bounce.
Analyst Andy Schectman of Miles Franklin makes a very compelling case for past market manipulation by large banks like JP Morgan. He sees a perfect storm coming soon – one where there will be no safe haven assets except precious metals. He argues that bonds no longer have real returns when you consider inflation and are guaranteed to lose money.
Trader David Kranzler, of Investment Research Dynamics, argues that the dollar index doesn’t explain the recent move up in gold and particularly silver. While the dollar has room to move quite a bit lower, the world still has a solid need for dollars. The excessive money printing could put a lot of pressure on the dollar, and the recent move in gold could be due to investors anticipating such a drop.
I have recorded a long Coronavirus podcast on my own website HERE. On today’s podcast on shares, I look at Versarien (VRS), Supply@ME Capital (SYME), Online Blockchain (OBC) and Sound Energy (SOU) and the sordid world of the whore blogger Malcolm Graham Wood.
Asset Manager Lawrence Lepard says, “What politicians and bankers are doing today is absolutely criminal. When they play with the value of money, they are playing with fire, and that can destroy a society. Having gold is a very good way of preserving your wealth, and in a year or two, investors in gold are going to look far from crazy.”
And you thought that our own Nigel Somerville, residing in a Montana log cabin with 1200 cans of baked beans, a shotgun and stacks of physical buried in the woods was nutso? Nope, Nigel is one of the most cautious members of the gold bug community.
Meteorologist turned chartist Kevin Wadsworth discusses the gold-silver ratio and why he expects a further decline after the recent highs. Silver has been outperforming gold.
Analyst Jeff Clark warns us all that investors should be sceptical of mining companies’ claims because they will always place their best foot forward. Ha ha! I guess he has heard all about AIM.
Fund Manager Frank Holmes argues that the fifty and two hundred day moving averages act as essential signals for big institutional money. When these signals cross, they start to notice since they prefer to having the wind in their sails.
Asset manager Patrick Karim uses technical analysis and , at $18.50, is massively excited about silver.
Fund manager Mark Magarian was bullish on the gold market before the crisis began since they were expecting some action by the Fed. However, the pace of the Fed’s efforts has been vast and rapid and thus, he says, he would be absolutely shocked if we don’t see $2000 for gold soon.
I start with two points of order on my next premium podcast (out later tonight) and on July 18 ( more details tomorrow). Then I look at Walcom (WALG) and lessons learned, Tomco (TOM) and lessons not being learned as who gives a flying wotsit about criminality on AIM, and at Cineworld (CINE) where there are four reasons to stay short.
Asset manager Brent Johnson of Santiago Capital is the man behind the “Dollar Milkshake Theory.” The name for this theory comes from the concept of extracting oil from a neighboring property by “drilling” a longer straw. Brent argues that the United States has this magic straw and regularly uses it to suck up the world’s capital. His theory’s controversial idea is that US equities are going to go to all-time highs along with a stronger US dollar at the expense of most foreign currencies.
And now for someone who makes our own in-house gold bug, Nigel Somerville, seem almost balanced and sane. Ronald-Peter Stöeferle is a fund manager and starts by discussing his firm's (Incrementum) recently released annual report, “In Gold we Trust.” It believes we are at the beginning of a golden decade, and the report goes over many aspects of the gold market. This year is also highlights bitcoin and have a special chapter dedicated to silver.
Veteran analyst Michael Oliver started his career back in the mid-70s when gold was re-legalized. Instead of focusing on price, he looks at long-term trends, which is important because price being based in fiat can be misleading. He says, “Today, we are in the hyper-space of money printing.” Using price can be compared to building a house with a yard-stick that changes in length. Their focus is on the longer-term and not the day to day, they look for structure rather than short moves in momentum.
Writer Chris Temple expects a big uranium rally as many things are happening with uranium behind the scenes. Past policies have hindered the US standing in the uranium industry, and, Chris says, that President Trump is now attempting to correct those policies. The coming supply changes could be opportunities for prudent investors.
Yesterday's training walk was just five miles but I had Joshua on my back for 2/7 of the circuits around the Welsh Hovel. And one neighbour saw me, chatted and pledged £200 to Woodlarks. Please make your pledge today HERE. In the podcast I discuss why , I think, Malcolm is wrong on consumer spending and Pizza Express, its rise and fall, a tale for our times.
Myself and some friends from here, the last village in Wales, walked the track around the 3 farthest fields at the Welsh Hovel and it is 1.1 kilometres long. That means that on June 13 I shall walk the circuit 50 times exactly raising the money Woodlarks needs just to survive into 2021. Today I did three laps as I faced a busy day. Tomorrow it will be ten. Please donate a few quid today HERE. In the podcast I consider in long detail the timeline of major share dealings at AJ Bell (AJB) which just does not look right to me. There are a stack of questions going begging. Then it is onto Eurasa (EUA) and what will happen on Friday. Will SP Angel again show that it will act for anyone or will AIM Regulation wade in to ensure Eurasa is booted off the AIM Casino? I discuss that matter in detail.
Writer David Skarica feels that the markets are plateauing at this level and will roll-over later this summer when people realize that the return to normal is anything but normal. David makes comparisons with today’s charts to Japan in the 90s.
I have no guests in this week's show which is sponsored by Open Orphan PLC (ORPH) where things look increasinly promising. Check out its new corporate presentation HERE. I start with events at Bidstack (BIDS) detailed in free to read articles HERE and HERE where one gender fluid shareholder will, I can reveal in this podcast, shortly be served by eight parties he defamed. That is 8 seperate libel cases he must fight. It should be ruinous. But why is Bidstack lying? I discuss. Then it is onto why shares in general are racing higher. Is that justified? I discuss the forthcoming Shareprophets Shares show on May 9 with its quite amazing speaker line-up. Book your ticket for 70 hours of amazing video content for just £9.99 HERE. Then I look at why Versarien (VRS) also tried to bamboozle investors over the nature of its dealings with Rolls Royce (RR). If you like this podcast and can't wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast and enjoy our cracking writen exposes and analysis every day HERE.
Trader Chris Vermeulen is expecting another market correction since the fundamentals for the market have only worsened. Small investors have been piling in while smart money has been exiting. He warns that “The average person is going to get completely slaughtered.” But he is bullish on silver, as it seems primed for a move higher.
