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.
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.
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!
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.
If you still think that the FCA is there to stop financial crime and protect consumers from crooks and scams you are, with respect, living in a different era. That should be its priority, even if it was never any good at it, as I argue on video HERE, but what it is good at is wasting vast sums on woke campaigning, even if what it does is break the law. As I have explained many times on my own site there is a pyramid of victimhood out there among woke campaigners.
I recorded this video for the APPG some week ago and it has just gone live today. I think I made my points clearly with a good joke or two.
Nigel worships the ground on which Jordan Roy Byrne walks. But to me he is just another chartist. Nuff said. If only to humour Nigel, I bring you Jordan’s latest shout. Gold at $3,000. That would be nice but I am not betting the ranch on it. Nor should you Nigel.
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.
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.
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 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.
Oops. this is the man gold mega bull Nigel Somerville always defers to, Jordan Roy Byrne and for gold bugs his warning is bleak. The yellow metal ain’t going anywhere fast and indeed could go lower until Spring 2022. Ouch Nigel….time to move back from Montana, sell the beans and gold and buy some meme stocks? Over to you Nigel to respond. Meanwhile here is Jordan…
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.”
Writer Kevin Muir of “The Macro Tourist” has a couple of pretty extreme big calls.
So the directors now admit today that Supply@ME Capital (SYME) might go tits up. The new death spiral, is at a 30% interest rate suggesting its providers agree with the management. The company has lied repeatedly to investors, it will be out of cash by Christmas and is a fraud. Is there anything else not to like? Er…yes!
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.”
The Quoth the Raven podcast host Chris Irons is a man who believes in sound money and bad language so he must be a good bloke. Chris reckons that everything in the markets is rigged and the biggest rigger is the Fed. He says that the Fed’s main function today seems to be preventing market corrections. This is causing numerous issues along with making most people complacent.
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.
The proper way to respond to the Boatman dossier was via RNS but that needs regulatory sign off so the fellow who dumped millions of dollars worth of shares at 243p just a couple of weeks before Argo Blockchain (ARB) did a major placing at 200p recorded a video which you can see below. He covers the “report” but does not name it just in case folks actually are encouraged to go read it. It is a poor rebuttal.
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!
A final melt up followed by an 80% market crash? This David Hunter chap is a cheery fellow is he not?
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.
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.
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.
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.
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, sparky interviews with two great bears and some thoughts from myself. First up is the Bard of the Boleyn Lucian Miers followed by David Scott of Andrews Gwynne. Stocks to short and buy, asset allocation, macro-economics, it is all covered You can access the show HERE
I can’t take Senator Elizabeth Warren very seriously but the woman who has gained massive career advantage by claiming that she is a Native American, though she is in fact 1/1024th Native American, holds great sway in the Democrat party. What she says is a good indicator of the direction of travel of the party now running America. As such, her full-on assault on bitcoin as the inherently pointless ultimate environmental vandal is of note. As it happens, for perhaps the first time ever, I agree with her. Enjoy.
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?
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.
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.
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.
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, a sparky interview with Red Rock Resources (RRR) boss Andrew Bell and then a detailed four way with myself, Chris Bailey, Gary Newman and Nigel Somerville on all things mining. Which metals are the ones to be in and why and how to play that. If you invest in mining stocks this show is for you..You can access the show HERE
Kevin Wadsworth and Patrick Karim are both chartists so feel free to ignore everything they say.
Corpoerate financier Jim Paterson states that precious metals have become even more precious due to the massive amount of money printing. The inflation we are going to suffer in the coming years is a direct result.
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Optibiotix (OPTI) boss Steve O’Hara and oil guru Peter Brailey. There is also me. I am a big investor in Optibiotix but explain why I am angry but not selling and challenge Peter on how to play oil plus he and I discuss the most overvalued stock on the Standard List, a total joke capitalised at almost £100 million, worth c£1 million.You can access the show HERE
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.
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.
This will take your breath away, a quite stunning video from Carson on Euronext listed Solutions 30. If Carson wakes up tomorrow next to the head of a dead horse, I would not be surprised. Enjoy.
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Charlie Morris a bitcoin guru where we also discuss gold and the markets and Malcolm Palle of Aquis listed Coinsilum which is now an NFT play Plus there are a few thoughts on wider stockmarket issues from me. This bitcoin, blockchain & NFT special has a lot of gags but is also, I hope, pretty informative.You can access the show HERE
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.
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.
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.
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Richard Poulden on Wishbone Gold (WSBN) where I own shares and am a bull and on his other company Upper Thames (UPPT) a blockchain play where I cannot hide that I do not get it at all and Chris “Three Brains” Bailey on what he is buying and on macro-economics.You can access the show HERE
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.
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.
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.”
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Ed McDermott of FastForward Innovations (FFWD) on cannabis stocks and his company. This is, I think, the most interesting CEO interview to date. Then I discuss a new share I have invested a five figure sum into on behalf of the company. Finally there is bear raider turned bull, the bard of the Boleyn, Lucian Miers. You can access the show HERE
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.
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.
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Kerim Sener of Ariana Resources (AAU), where I am a loyal shareholder, and then with the sorcerer’s apprentice Steve Moore on the markets and on what he owns. You can access the show HERE
This is a bonus video for you all discussing gold with a bull ( Chris), a mega bull (Nigel) and a reluctant & cautious bull (me). We discuss macroeconomics, gold, silver, PGMs and copper and certain gold investments.
It seems someone pulled the video of an angry Iconic (ICON) shareholder challenging toxic Dave Sefton to a charity boxing match. I can’t think which low grade scumbag would want his reputation protecting with that attack on free speech. Maybe toxic Dave has hired the fraudster’s PR of choice, Henry Harrison-Topham, of Buchanan to do his PR. Anyhow, our pal is back and his new target is Lyin’ Steve Sanderson of UK Oil & Gas (UKOG). Enjoy before this video is also taken down.
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with 2 CEOs of companies where I own shares and bought more after these interviews: Eldur Olafsson of AEG Gold (AEXG) and Andrew Bell of Red Rock Resources (RRR). In both cases I explain why I bought more. Then it is Gary Newman on small caps, oil stocks and mining stocks, where there is value and what he is buying. You can access the show HERE
Cohodes is one of the greatest short sellers alive having broken more than 70 frauds in his career. “Remember bears are the good guys, we expose crime!” What he says in this interview about the Reddit GameStop episode is fascinating. His thesis is that it merely exposed systemic risks in the system which are still there. This is a great watch.
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.
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.”
Reader SB asks if there are any forecasts for MyHealthChecked (MHC). There are not. Not even from the UK’s leading healthcare analyst Mr Brokerman Dan Levi. However, the company does give indications of what sort of sales it might achieve in a corporate presentation video below. There is more and I am not sure what this means and think MyHealthChecked should clarify.
I am massively ahead on the Red Rock Resources (RRR) shares I bought at about the 0.625p offer price when we tipped the shares. Though initially frustrated by news that the company has raised another £1 million at 1.05p, I have considered the rationale and I have bought a few more shares today after recording an interview with Andrew Bell you can watch HERE. Here is why you should also buy the shares.
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Tony Manini of Asiamet (ARS) which, I am starting to think, I have called wrong twice in 5 weeks and then gold guru Ross Norman on where the precious metals are going this year. As a Jubilee Metals (JLP) shareholder his biggest call is the most exciting for me. As ever, on the macro view and on bitcoin, Ross is brilliant. Then from me I discuss where UK small cap shares will go in the current climate. You can access the show HERE
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.
It is such a good joke I think I make it about 5 times in what follows. And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Harry Adams of Kefi Gold & Copper (KEFI), where i am a loyal shareholder expecting the shares to double or more by mid year, and also Dominic Frisby. The singer, songwriter, comedian, gold guru, bitcoin expert and libertarian is on great form especially on the bitcoin/gold issue and tips the only AIM stock he owns and explains why. You will laugh and learn with him. You can access the show HERE
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Eldur Olafsson of AEX Gold (AEXG) who will, I am convinced, double or treble your money. I am a shareholder and this is, increasingly, becoming my favourite gold play. I also chat to in house gold guru Nigel Somerville on whether gold is off the boil and on the stocks he owns. You can access the show HERE
Yes that horrific news for shareholders in Supply@ME Capital (SYME) will be out in the morning. Meanwhile, I reflect on a video I have recorded with the great Dominic Frisby which goes live tomorrow, I hope, and on news that Kwasi Kwarteng might just take action to stop directors lying to investors. I then explain why Redditt groups exposed HERE and HERE in the UK are, in reality, just pump and dump schemes, why they will not deliver another GameStop and why most folks following them will do their conkers. It will end in tears and, I hope, jail time and won’t “burn the shorters” or Fuck The London Stock Exchange, as the organisers promise, at all.
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.
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.
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Chris Gilbert of Fox Marble (FOX) and Dr Doom David Scott. I discuss averaging down and after news this week Fox is a care case where that is justified. This will – as I explain in thde show – be a multibagger from here. Meanwhile Dr Doom is now a bull. we discuss shares, bonds, real estate, bitcoin and gold in a must listen to interview. Then there are a few thoughts on companies you must NOT own, including Powerhouse Energy (PHE).You can access the show HERE
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.
I said that if shares in Red Rock Resources (RRR) did not double by Christmas, I would eat my hat. Thanks Andrew Bell for this humiliation. However, I am a man of my word and so, as you can see below, I have done as I said.
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.
Our favourite technical analyst, Jordan Roy-Byrne of TheDalyGold.com, has been annoyingly bearish – and even more annoyingly correct – since warning of a precious metals correction as the Gold price peaked in August. But the news is that he has called the end of the correction and now predicts a continued rebound into 2021. His latest video for Palisade Radio, below, is explicit and well worth a careful watch.
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.
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.
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Chris Gilbert the boss of Fox Marble followed by me explaining why, though I am 80% down, I am sure Fox will multibag from here. Then a very long – and very funny – session with Zak Mir with his top share tip among London small caps, his view on the markets, the real economy and discussions on Supply@ME Capital (SYME), Eurasia Mining (EUA) & the lies of both, on Big Dish (DISH) and more. Finally it is me onSupply’s lies again and also on why Trainline (TRN) miust surely see a share price collapse. You can access the show HERE
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.
The video is slick and features the Sith Lord Zak Mir blowing off UK Oil & Gas (UKOG) boss Lyin’ Steve Sanderson in a soft paid for interview. What investors might note is that the 2016 claims made by Lyin’ Steve have been shown to be utter fantasy. Meanwhile the protestors continue their fight and the way that UK Oil & Gas has tried to bully them with legal threats is no credit to capitalism. Enjoy.
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.”
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.
Analyst David Hunter of Contrarian Macro Advisors warns that we are now nearing the end stage of the current secular bull market in equities. He notes that markets move from excess to excess, and in the last stages, they can go parabolic. He expects a deflationary bust and a new debt liquidation cycle to begin in the first half of 2021.
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.
Rick Rule of Sprott is, perhaps, the world’s best known investor in precious metals. So maybe he is talking his own book.
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.
I pray that Donald Trump and the fragrant Melania recover from Covid and, unlike godless liberals who tweet about praying for things, I do actually pray and to someone I believe in. However, Lucian has a bet on Mike Pence to be the next President and I discuss this. I then move on to look at UK Oil & Gas (UKOG) where I did tell y’all, Attis Oil & Gas (AOGL) and share rampers from the AIM swamps, Purplebricks (PURP), and also the latest mystery at Supply@ME Capital (SYME), the worthless POS from the province of Norfolk. Later I am recording a video that I am sure many of you will enjoy.
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).
And now from Wales, by just 30 yards, it is my new, I hope, weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Chris “3 brains” Bailey on his dirty secret, the real economy why UK shares are so cheap, on gold and his 3 top picks. There is also a detailed interview with the boss of AEX Gold (AEXG) who is not really 13 years old plus I discuss a new stock I have bought into heavily and also why Supply@ME Capital (SYME) has this week hoisted its biggest red flag yet, is a scam and is worth 0p. You can access the show HERE
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.
Our own Nigel Somerville has suggested that this is indeed the case. Author and analyst Robert Kientz also thinks so and explains why.
Well good luck to Kenton Jarvis who will be joining easyJet (EZJ) at some point in the next few months as its new CFO. The budget airline may have raised money recently to strengthen their balance sheet, but you do not need to be an investing geek to know life is just a bit uncertain for any operator in this sector. I talked about this with Tom W yesterday in a video that will go live later today. And certainly my conclusion is that whilst easyJet is a company with a strong offering and a real link with consumer demand/preferences, it can only buck the cycle for so long. But…
And now from Wales, by just 30 yards, it is my new, I hope, weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with bear raider Matt Earl on the markets, the real economy and on 2 stocks where he is short (IQE & Boohoo) and one where he might be soon (Future PLC). we focus on Boohoo. There is also a detailed interview with Andrew Bell of Red Rock Resources (RRR). Its shares are 0.82p and what Bell says is ground breaking. I am on record as saying I shall eat my hat on video if the shares are not 1.26p before Christmas. I now reckon 1.65p is achievable and this is explained very clearly. Finally I return to the liars at Verditek (VDTK), why it is drowning in red flags and more. You can access the show HERE
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.
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.
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.
And now from Wales, by just 30 yards, it is my new, I hope, weekly video show. This costs 99p per episode, and you can either listen to, or watch some sparky interviews with Richard Poulden on the collapse of empires but also of the West at every level. Also covered is the death of oil and how we should save our finances against such a backdrop and with Kerim Sener of Ariana (AAU). I also explain why Supply@ME Capital (SYME) is a crooked zero and I review the six short ideas from the previous five shows, one of which is already a zero. You can access the show HERE
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.
I am snowed under with work for MineProphets tomorrow and I have now bought a second new stock on the basis of videos I have taped. I shall reveal both stocks tomorrow at the show and you can grab your ticket for just £2.99 (worth it for these tips alone) HERE. Elsewhere in the show I discuss Asiamet (ARS), Boohoo (BOO), R4E (R4E) and wicked old, not so ethical Malcolm Stacey and HSBC (HSBA) and Standard Chartered (STAN) as well as the British banks.
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.
And now from Wales, by just 30 yards, it is my new, I hope, weekly video show. This costs 99p per episode to access and you can either listen or watch very sparky interviews with our Gary Newman on mining stocks to buy, why gold is NOT going to soar, a compelling £1.7 billion non-mining short and fishing shares, Harry Adams the boss of Kefi (KEFI) - a stock I own - and myself on why Cineworld (CINE) deserves to go bust, wont, but is a stonking short none the less. You can access the show HERE
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 a few words on the end of lockdown for those of us living within 5 miles of England. Then I look at the growing scandal involving Boohoo.com (BOO), and its suppliers using slave labour in, Leicester, spreading disease and treating workers like, well, slaves. It is a scandal. But who will Baillie Gifford which wanks for Britain on virtue signalling ethical investing (see HERE) react as it is a major Boohoo backer? Now Matt Earl's words about bumper margins at Boohoo, in my second video show HERE, seem even more prescient. PS remember to book your seats for MineProphets on July 18 HERE.
Everyone says silver is a better bet than gold but everyone is wrong says author Mickey Fulp. He regards as "crazy" some equity valuations that have developed and what he coins “Market Covidicy.” He cautions that if gold or silver were to suddenly head multiples higher, you would probably want to have a bug-out bag by the door and a survival bunker nearby.
Fund manager Keith Watson works with my old pal Malcolm Burne at Golden Prospect Precious Metals (GPM) and so can't be a total fool. He argues that the broader commodity sector is at an extreme discount to general equity markets.
And now from Wales, by just 30 yards, it is my new, I hope, weekly show. This costs 99p per episode to access and you can either listen or watch very sparky interviews with our in house gold guru Nigel Somerville on why you must be in gold and on the stocks or ETFs to own to maximise your bull market gains and with Union Jack Oil (UJO) boss David Bramhill, the most underpaid oil CEO on AIM. I also serve up a red flag-spotting session with reference to Diversified Gas & Oil (DGOC). You can access the show HERE
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.
Chris Vermeulen looks at the current market conditions and sees a trend change coming as precious metals, miners, and bonds are all showing positive patterns. He argues thatb sentiment is reaching new highs, and a lot of leverage is being deployed in the markets.
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.
An anthem for libertarians from my pal Frisby. Enjoy.
Investor Chris Temple argues that in the late 70s and early 80s, the dollar was inversely correlated with gold, and the markets reflected the real economy. Today, everything is inverted, but a lot of investors and experts still have the old out-of-date mindset.
This is the final part of a three part series looking at Supply@ME Capital (SYME). In yesterday's article I wrote, in reference to the claimed balance sheet treatment of Supply@ME's product, that "I'm very sceptical of this claim and don't believe that it can be true". It's only right that I justify the use of those words.
Mining entrepreneur Ravi Snood argues that valuations of companies can reach heights where there is little remaining upside. He says that today’s markets don’t bode well for most stocks, and plausible growth scenarios are doubtful from here.
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.
Last night Cathal Friel gave a a video interview on behalf of Open Orphan (ORPH)where he discussed a new test for Covid antibodies, like the Roche one, that open Orphan is involved in rolloing out. The video is below. An RNS to clarify quite extraordinary numbers given by Cathal in this interview is, IMHO, needed asap.
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.
Bullion dealer Mark O'Byrne starts his thesis with economics. He outlines the differences between bail-outs and bail-ins and why he thinks bail-ins are less likely to occur. It seems that governments are planning on inflating their issues away instead.
Among others I interviewed this morning for Saturday's ShareProphets Shares show was Luke Johnson. It was another cracking video which I reflect upon. Suffice to say with 85% of the content now on tape it will be a great event so get your ticket now HERE. I look in today's podcast, inspired by Luke, at commercial property including Hammerson (HMSO) and Into (INTU) and how this all plays out. It is not quite as you may think. I also look at Catenae (CTEA) and the utter insanity at Anglo African Oil & Gas (AAOG).
Fund manager Mark Yusko argues that we have the highest amount of leverage at all levels today, which is very similar to 1929. The 1929 crash was terrible, with markets falling 47%, then rallied back and then collapsed again. America today has an addiction problem, and that addiction is debt. Debt has to be defaulted on or inflated away, which is the path they choose in the 1930s.
Analyst and entrepreneur EB Tucker says, “This is the last chance that people have to move assets… in what we are learning is a completely controlled economy.” We have moved from a cyclical economy where recessions clean out the undergrowth to a warped crisis economy where politicians and banks determine who and what survives.