Market Focus: Metals, Minerals, & Mining
- May 21 Fortune Belongs to the Bold by Ryan Jordan
- May 17 When Central Banks Buy Stocks by Clif Droke
- May 17 Gold at Major Inflection Point by Lee Adler
- May 16 Theory of Interest and Prices in Paper Currency Part II (Mechanics) by Keith Weiner
- May 15 Precious Metals Hit 3-Week Lows, ETFs “Could Sell Another 250 Tonnes of Gold” by Ben Traynor
- May 14 Clues to Watch for the End of QE “Infinity” by Lance Roberts
- May 13 The Big Falacy: Silver Trading More Like a Base Metal by Steve St. Angelo
- May 10 Margin Debt and the Next Stock Market Crash by Clif Droke
- May 10 It's Still Fool’s Gold for a While Yet by Sy Harding
- May 10 Steve Forbes: Fed Sinking Real Economy; Calls QE's "Titanics" by FS Staff
Ned Schmidt: I Haven’t Been This Optimistic on Gold in the Last Four Years
Jim welcomes back Ned Schmidt CFA, Publisher of The Value View Gold & The Agri-Food Value View Reports. Ned is very optimistic on gold. He also advises investors to ignore Wall Street, as he believes gold is currently funding the “carry trade”. He notes that Chinese imports of gold have doubled from a year ago. Ned also cites three key factors for his optimism. The first is the ratio between gold valuation and the stock market is the best since 2008. Secondly, he believes the bottom in the price of physical gold is in place. Lastly, Ned believes the next Federal Reserve chairperson, widely believed to be Janet Yellen, will make Ben Bernanke look conservative when it comes to money-printing.
Russell Napier: Emerging Markets Faltering, Foretelling Deflation Ahead
Jim welcomes back Russell Napier, Consultant with CLSA Asia-Pacific Markets. Russell makes the case that faltering economic growth in the emerging markets, weaker commodity prices, a falling yen and strengthening dollar are warning signs of a deflationary shock ahead. Russell believes that the rally in developed-world equities will not last much longer as emerging market growth slows. He is bearish on gold shorter term, but bullish longer-term as both structural and cyclical forces turn in gold’s favor. Russell sees the current falling gold price as a sign that the global reflation is failing and we are nearing a deflationary shock.
Jim Puplava’s Big Picture: Game of Thrones - The Dollar vs. Gold
The first Big Picture topic this week is “Game of Thrones - the Dollar vs. Gold”. Jim looks at the massive global currency debasement among central banks, and in that current game the dollar is king. Gold is in the background and not a major player. Jim believes this will not last, but for now the dollar is winning the game. The next topic, “Forget a QE Exit Plan, Serial Money Printing is the Wave of the Future”, Jim notes that 14 central banks around the world have cut interest rates, and are printing money with no exit strategy in sight. He notes that the next Fed Chairperson, widely assumed to be Janet Yellen, will make Ben Bernanke look conservative when it comes to money printing.
Ronald Stoeferle: We Were Really Close To A Default In The Leveraged Paper Gold System
Jim welcomes Ronald Stoeferle, publisher of the respected annual report, “In Gold We Trust”, and a gold fund manager in Vienna, Austria. Ronald tells Jim that we were close to a run on the bullion banks during the recent chaotic drop in gold. He also sees a growing movement to remove gold from the financial system, as paper gold is creating too much counterparty risk, as witnessed by the Dutch bank ABN Amro’s recent gold default. Ronald sees the divergence between paper gold plunging in price and record demand for physical gold as a loss of confidence in the banking system by the public. The next issue of “In Gold We Trust” will be published in June.