Wednesday, May 23, 2018

Gold Smashed on Dollar Index Rally, Will Be Much Higher End of 2018?

What's going on with gold, the dollar and interest rates - especially gold? All of the variables that fundamentally support much higher gold prices are lined up perfectly. 

Why isn't gold moving higher? The popular narrative in the mainstream financial media would leave one to believe that the dollar is soaring. Eric and Dave put a big dent in that notion. Additionally, in a long-term historical context, the recent rise in interest rates is tiny, yet marginally higher interest are already wreaking havoc on the economy (retail, auto and home sales). 

What's going to happen to the economy when the 10-yr Treasury hits 4%, which is still well below its long-run historical norm?

Monday, May 21, 2018

Erik Townsend: Rising Rates & Rising Yields On the 10 Year Bond Will Crack Stocks?

During this hour+ long interview, Jason asks Erik about important topics including: 

1) An in depth discussion of the Oil market and if Erik is worried about a record speculative long position in oil futures? If the Saudis don't want a higher oil price? 

2) The rising yield on the 10 year bond and how it is now over 3%! Erik thinks that if yields continue to rise on the 10 year bond, that it will eventually crack the stock market and cause a large correction or crash. 

3) Tracking error on VIX ETFs and also how the leveraged short volatility trade has expanded far beyond just stocks now! 

4) How will the Fed be able to sell ~$600 billion in asset sales via its QT program AND the US Treasury also will need to sell $1.2 trillion in additional US Treasuries in the near future. Who will be the buyer? Will pension funds and insurance companies be forced to buy? 

5) A conversation about Bitcoin, block chain technology and crypto currencies in general. Erik thinks Bitcoin will be outdated and old tech...

Saturday, May 19, 2018

Keith Weiner: Earning a Good, Safe Yield on your Gold Holdings

Keith Weiner, CEO & Founder of Monetary Metals, explains how investors can earn between 4.5% and 5.75% annual returns on their gold holdings with relatively low risk.

- Source, Jay Taylor Media

Thursday, May 17, 2018

Cryptos, Silver & Marijuana Stocks Will Outperform The Rest of 2018

During this 35+ minute interview Jason asks David about the recent rally in the US Dollar Index, tracking error in the VIX and why VIX ETFs should be avoided, if gold prices have bottomed (David favors silver over gold), why he is bullish marijuana stocks and what trends for the rest of 2018 David is most confidant about?

Wednesday, May 16, 2018

Converting Obstacles into Advantages

What can we learn from one of the most successful gold industry finance experts who has faced and overcome major setbacks- from runaway airfares to crypto mining energy shortages? 

Frank Holmes, gold mining financier turned crypto miner, returns to Reluctant Preppers to help us see the hidden promise behind our greatest challenges. Holmes gives examples of creatively converting hardships into abundance!

Monday, May 14, 2018

Frank Holmes: Commodities Especially Gold Stocks Are Due For A Major Rally Soon

Jason asks Frank a number of other questions about the oil market including if he thinks this higher oil price will bring on more oil supply and that will lead to another oil bust? 

Next, Frank talks about how cheap commodities (especially gold stocks) are relative to regular stocks. Frank thinks that commodities including energy and gold stocks are overdue for a large mean reversion rally. 

Frank thinks that peak gold is a reality for gold miners, that gold miners have cut all their costs to the bone and that it is extremely financially dangerous for a gold miner to bring any new gold mines online. 

However, Frank really likes (prefers) the larger precious metals royalty and streaming companies.

Saturday, May 12, 2018

Powell Fed Delays Next Rate Hike Because US Dollar Index Breaking Out & Inflation Worries?

Why did the Jerome Powell Federal Reserve decide not to hike interest rates again on Wednesday? Jason Burack talks about why he thinks the Fed decided to not hike rates this week and may wait until June. 

Jason thinks it's because the Fed is watching the US Dollar Index break out from a textbook bullish inverse head and shoulders chart pattern the last few months and the Fed is worried that raising rates again too soon may strengthen the US Dollar Index too quickly. 

Jason also talks about how evidence is appearing that inflation is picking up in different areas of the economy even though the Fed claims to not be worried about it. 

Friday, May 11, 2018

Ron Paul: Europe Can No Longer Trust US For Protection. Good.

Angered by President Trump's decision to pull out of the Iran nuclear deal, German Chancellor Merkel has urged Europe to get its act together and stop relying on the US for defense protection. If Europe follows through, it can only be good news for the US...

- Source, Ron Paul

Thursday, May 10, 2018

Jeff Thomas: Future Money is Going to be Gold and Silver

In 1971, the US went off the gold standard, which meant that it no longer had the responsibility to redeem its bank notes for real money – i.e., precious metals. It also meant that, as long as it could get people to accept the essentially worthless bank notes as currency, they could print as much as they liked. They took full advantage of this fact and transformed the US from the world’s greatest creditor nation into the world’s greatest debtor nation in under forty years.

The rest of the world followed this extraordinarily bad example and, as a result, no nation is now on a gold standard and all nations are in debt, many of them beyond redemption.

Today, the chickens are about to come home to roost in the form of a worldwide economic crisis. Some countries, particularly in Asia, are preparing for the debacle by loading up on gold, so that, when the collapse comes, they’ll be able to float gold-backed currencies that will allow them to continue trade.

Interestingly, though, some countries are pursuing this wise move on a non-national level. The US, in particular, has in recent years, seen several of its states pass laws allowing precious metals to once again be used as currency.

The most interesting of these developments took place in Wyoming recently, where the Wyoming Legal Tender Act (WLTA) has removed all forms of state taxation on gold and silver coins and bullion and reinstates precious metals as currency.

The act stipulates that transactions made in gold and silver, “shall not give rise to any tax liability of any kind.” And, yes, this is intended to include income tax, property tax, capital gains and sales tax.

Wyoming is not the first state to reinstate the use of precious metals as currency. Arizona and Utah have also declared precious metals free of income tax and more than thirty-five states have declared gold and silver free from sales tax. (In only four states are precious metals free from any form of taxation – Wyoming, Oregon, Texas and South Dakota.)

But, will the citizens of these states actually choose to transact purchases in gold and silver, when paper money is so handy?

Well, they should, and for the best of reasons – they’ll have to hand over less of their money to state governments. If, for example, someone were to pay for a new car in gold, he would not additionally have to pay the state an additional 4%. (Some municipalities charge 6%.) This is quite an incentive.

But that, of course, would not put precious metals into every pocket in Wyoming. What would achieve that would be smaller purchases, such as a bag of groceries, or a tankful of fuel for the car. Paying with coins would most certainly be more of a nuisance than paying with bank notes, but the prospect of trimming 4% - 6% off every bill would mean that paying in gold and silver might well become the norm for those who value frugality.

So, what, then, has been the motivation for bringing back the “barbarous relic?”

In House hearings for the bill, the Sound Money Defense League's Jp Cortez stated, “With the abuses of the Federal Reserve's paper money system becoming increasingly obvious, we're seeing more legislators across America advance sound money legislation.”

Stefan Gleason, president of Money Metals Exchange, stated in support of the bill, "In reality, Federal Reserve Notes are 'fake money' because they have counterparty risk. Restoring gold and silver as money will solve many of the problems we are seeing with inflation and runaway debt."

More pointedly, when Arizona was dealing with its own bill on taxation of precious metals, then Representative Ron Paul said, “We ought not to tax money… It makes no sense to tax money… Paper is not money, it’s fraud.”

Clearly, legislators in each state that’s created similar legislation recognize that the Federal government is nearing the crisis stage and are hoping that they can avoid going down with the ship. By having precious metals in place before a collapse, they potentially provide their states with an insurance policy that will allow them to continue to make transactions at all levels, regardless of the machinations of Washington and the central banks.

In discussing the Wyoming act with a colleague who’s a noted writer and advisor on precious metals, his first reaction to me was, “What do they mean by coinage? If they mean coins that have a face value stated on them, and that face value must be recognized as the value of the coins, there’s no chance that this will solve the problem.”

An excellent point. But closer inspection of the act confirms that specie is defined as “having gold or silver content, or refined bullion, coined, stamped or imprinted with its weight and purity.” A stated denomination is not relevant, nor is it a requirement.

That being the case, a Canadian maple leaf would be as acceptable as an American eagle. And a Mexican libertad, which has no denomination on its face, only a weight, would be just as acceptable for use in transactions.

Under the US Constitution, “No state shall… make any Thing but gold and silver Coin a Tender in Payment of Debts.” Therefore, it would be difficult for the Federal Government to make a case that states should be forced to repeal any law allowing gold and silver as currency, and this may well be why the central government has not yet created significant pushback against the trend toward states’ rights to use precious metals.

They cannot, however, be pleased at this development, at a time when they themselves are supporting the central banks’ initiative to do away with physical currency of any kind - to enslave the American people to bank-generated electronic transactions for virtually all purposes.

If all those states where gold and silver has been reinstated as money were to begin using precious metals on a regular basis, as they are indeed incentivized to do, through these laws, it would effectively end the federal monopoly on money and, quite possibly derail the central banks’ effort to do away with cash.

So, why then, has a movement not begun in the over thirty-five states where some form of legislation has been passed to reinstate the use of silver and gold as money?

It may be that the average guy on the street doesn’t really understand how precious such legislation is to him. Possibly, even though the average American no longer trusts his central government, nor the banks, he is too complacent to act on his own predicament.

If this is the case, we can certainly expect that, when the debt crisis hits him full-force, he will belatedly say, “Somebody do something.” As he finds that he’s unable to function normally when buying groceries or filling up the tank in his car. If the individual states do not, by that time, have real money in place and in common use, the average American will find himself in a similar situation as the average Greek is today – at the mercy of his bankers as to how much of his money he actually has access to.

Wednesday, May 9, 2018

Louis James: You Can Call Me a Silver Bug this Year

Lobo Tiggre, better known by the pen name Louis James, discusses the launch of his new investment newsletter “Independent Speculator” and his reasons for starting it. He believes we are approaching an up-turn in resource market and is looking to take advantage of the coming market. 

Lobo takes a rigorous approach to investing in stocks, and he puts his own money into his picks. He wants to prove the story which means meeting the people behind the companies and seeing things firsthand. Often the devil is in the details which probably won’t be in a corporate presentation. He says, “the numbers do not tell the whole story.” Mexican Gold Corp has caught his attention and he is planning to visit. 

The market both shows scary and promising headlines some are good for precious metals and other news is good for industrial metals. What are you interested in, you need to learn why you should be in speculations so that you know the reasons why you are in them. Play to your strong suit. 

Lobo quotes Rick Rule, “You should never confuse inevitable with imminent.” Currently, commodities seem to be in a pattern where the equities aren’t rising as fast. You should look for these price divergences and use them to your advantage. It’s hard to say when markets will shift, but it could come at any point. Look for companies that are making money at today’s prices. 

The market drivers are what they have always been, fear, greed, and the commodity super-cycle. Silver is the often unloved step-child, but it follows nicely along with gold, and it's an industrial commodity. Many people don’t realize that silver is also an energy metal since solar panels use a lot of silver.

- Source, Palisade Radio

Tuesday, May 8, 2018

Powell Fed Delays Next Rate Hike Because US Dollar Index Breaking Out & Inflation Worries?

Jason Burack talks about why he thinks the Fed decided to not hike rates this week and may wait until June. Jason thinks it's because the Fed is watching the US Dollar Index break out from a textbook bullish inverse head and shoulders chart pattern the last few months and the Fed is worried that raising rates again too soon may strengthen the US Dollar Index too quickly.

Monday, May 7, 2018

FED Leaves Rates Unchanged - Gold Holds, DOW Falls, Oil Continues Up

The FED leaves rates unchanged after yesterday's FOMC meeting. Jerome Powell left rates as is but caused market confusion as some think that the FED is spooked. Gold held its 1304 level, the DOW continues to show weakness as it compresses downward towards a decision point. Oil continues upwards. Goldman Sachs' workforce is now made up of 9,000 computer engineers, signs of the times to come.

Friday, May 4, 2018

Fake Food & Fake Money VS Real Food & Real Money

This week we discuss fake food & fake money VS real food & real money. We'll explore why your dollar now worth a dime? Why is the food you eat today stripped of nutritional value? Virginia Tobacco / Money History answers these questions.

Wednesday, May 2, 2018

US Stock Markets in Topping Process Now, Followed By a 50% Crash?

Jason Burack of Wall St for Main St interviewed first time guest, experienced stock trader and editor at the Cross Currents stock market trading newsletter, Alan Newman. 

Alan began professionally trading markets in 1987 and has been writing a paid newsletter for stock market traders for 28 years. During this 40+ minute interview, Jason asks Alan if he thinks US stock markets are in a process and why? 

Alan thinks US stocks are in a long topping process now but that sentiment is too bullish among professional stock traders and professional money managers. Alan thinks that US stocks are long overdue for a 50% stock market crash. 

Alan talks about stock market support levels to watch and he thinks that this is the most overvalued stock market of all time other than during the technology bubble. Jason also asks Alan about gold and gold stocks and what quants and high frequency trading (HFT) have done to stock markets.