Friday, May 28, 2021

Alasdair MacLeod: Gold Manipulation Ending with Basel III

Many suspect the gold and silver markets have been manipulated. Head of Research at Gold Money Alasdair MacLeod says new Basel III rules will put an end to price distortions in the precious metals market.

Sunday, May 23, 2021

Craig Hemke: How We Get To $2300 GOLD This Year

Craig Hemke tells Elijah K. Johnson the Fed is essentially monetizing U.S. debt. He sees stagflation ahead which will lead to a 1970s style gold-bull run. He says we're on track to see $2300 gold this year!

Saturday, May 22, 2021

Where Do We Go From Here? Silver Headed Back To $50

“It’s something that I obsess about every day. With respect to copper, which is near a 10 year high, when you look at supply/demand dynamics it’s pretty clear that copper prices are going higher. Supply is still pretty constrained and there’s been no real investment for years. It takes a long time to bring copper into production and at the same time, copper is the new oil.

If you look at energy, if you are an oil executive you are not really sitting around thinking, how are we going to ramp up investment on these long-term projects when every single day you are hearing about some environmentalist that wants to put you out of business? 

So a lot of executives are just going to run their businesses for cash and dividends. 

Therefore, I think oil and gas prices will go higher in the coming years. And agriculture prices will remain high for years because of increasing demand from China.

Inflation Will Last Well Into Next Year

But generally speaking the inflation story is a lot more than commodities and the transportation side. But the transportation side I don’t think is so transitory either. You’ve had a 10 year bear market in dry bulk shipping. 

There is a fraction of the needed ships being built right now as a result, so there is pricing power for the remaining players. So what we are seeing is things that will last more than just on a temporary basis. Now defining temporary or transitory, who the hell knows? I just know this is going to last well into next year.

Things Are In Motion

Things are in motion here, but again it’s just the level of interest rates that’s just…that’s why it was so nonsensical for central banks to create the largest financial bubble in the history of markets in bonds, particularly in Europe with what the ECB did, at the same time rooting for inflation. 

So now that we are actually getting higher inflation they are all worried about what that means for rates. It’s very backwards but that’s the situation we are in.”

Silver Headed Back To $50 All-Time High

“You’ve been bullish on gold and silver, but I want to talk about specifically. The copper story is out there in terms of electric vehicles, but there is going to be a whole bunch of silver demand in the global push toward electric vehicles and I don’t think the ramp in silver production will be there. It feels like the price of silver wants to pulse through $30 and go right to $50, the old all-time high. Your thoughts on silver.”

- Source, King World News

Friday, May 14, 2021

Debt Bubble: How Long Will It Last?

Is inflation a concern in the near future? While many have thought stimulus and money printing will lead to high inflation, wealth planner Michael Lee sees the economy growing slower than expectations which should tamp down inflation.

Friday, May 7, 2021

USA Watchdog: The United States is Heading Towards a Banana Republic