Bill
Murphy of GATA.org
says it's business as usual in the markets;
the gold / silver price rigging continues
to plague the sector.
Dovish
comments from the new Federal Reserve Chairman,
Jerome Powell, suggests a relative value in
commodities relative to shares and paper assets.
The
World Gold Council notes gold reached peak
supply in 2017, suggesting that lower output
could increase demand pushing price to $1,500
in 2018.
Bill
Murphy thinks this forecast is tame, his analysis
suggests that once the selling passes, the
price ascent will be so abrupt that late comers
will be unable to procure good bargains.
Bill
Murphy emphasizes the point that many guests
continue to make on the show - gold / silver
may be the best value available in the markets
at current prices.
The
hyperinflationary economic disaster represents
a de facto warning siren to all global inhabitants,
that systemic currency disaster can unfold
in less than one year's time.
Topping
the financial headlines; the trade war between
Washington DC and China, as well as the new Shanghai
gold backed yuan-petro futures exchange.
While
our key trading partners, China / Russia continue
to stockpile sound money, i.e., gold / silver,
the West is doubling down on debt.
Students
of Austrian Economics learn that debt = bondage;
a concept well understood by the national founders.
Benjamin
Franklin noted, "Rather go to bed without
dinner than to rise in debt... If you know how
to spend less than you get, you have the philosopher's
stone..."
Thomas
Jefferson famously said, "To preserve our
independence, we must not let our rulers load
us with perpetual debt."
More
recently, Yogi Berra said, "You can observe
alot, just by watching," in similar fashion,
the national debt just topped $21 trillion, $21,000,000,000,000.
Current
estimates of US Federal Deficit spending approaching
$1 trillion, annually.
Warren
Buffett
says that when he retires, there are three people
he would like to manage his money. First is
Seth Klarman of the Baupost Group.
Peter
Grandich and the host share Seth Klarman's cautious
outlook on US equities and related securities,
at least until valuation metrics return to equilibrium
levels.
In
comparison, the PMs sector remains a deeply discounted
levels relative to paper assets as the commodities
/ S&P ratio suggests a new commodities bull
market is imminent.
The
host notes that India
may outlaw Bitcoin / crypto wallets, setting
the stage for improved demand in gold / silver,
as millions abandon digital money for traditional
safe haven alternatives.
The
latest Listener's Q&A segment includes
phone calls on the increasingly popular topics
of silver and Bitcoin from Tom in Arizona,
John in Sunny San Diego and an anonymous caller.
Tom
starts off the segment, noting that he’s
heard that many of the silver dealers are
running low on their stockpiles and he wonders
why the price remains subdued amid low supply.
John is also perplexed by the silver market
scenario.
Chris
suggests that the improving fundamentals have
boosted the technical case for a renewed silver
bull market.
For
instance it appears that the downtrend was
competed in 2015 and a solid base formed in
2016/2017 which could launch pad for a new
advance to multi-year highs of $28-$30.
By
observing the long-term trend, investors will
gain insights into the strength / endurance
of the silver price advance.
The
second caller finds a correlation between
the announcement of a BTC futures contract
on the CBOE and the 100% advance in BTC in
Dec. 2017, followed by a subsequent 50% decline.
Several
key experts in the field refute the futures
market thesis, citing instead seasonal factors
combined with lack of liquidity.
In
Dec. 2017, leading BTC exchanges turned down
hundreds of thousands of applications for
new accounts.
At
one point Bitfinex accounts were actually
put up for sale, for several thousands of
dollars, online.
Large
delays in buying Bitcoin, even on Coinbase,
where investors were expected to overcome
time-based hurdles as a security feature,
to build trust over time added to a supply
bottleneck. The situation accelerated demand
to euphoric levels.
If
the futures contract scenario were truly to
blame then the readily available BTC ETF,
ticker GBTC would be the go-to alternative
and was actively traded on the NYSE since
2016.
Chris posits that the bottleneck scenario
could return at the end of 2018/2019 as institutional
investor demand increases.
As
demand grows exponentially, futures and options
markets may resize contracts to reflect dwindling
supply, so that the typical contract size
of 1 BTC could drop sharply.
Please
Listen Here
Dial-Up
Real Audio
MP3
Mp3
FAST Download
Mp3
High Quality Download
Right
click above & "Save Target As..." to download.
To learn more about software needed to play the
above formats, please
visit the FAQ.
TIP JAR!
BTC QR Code:
142m3N7vAxQfMi39gJt29MFHcsFQSNYGjS
Guest
Bios
Bill
Murphy
GATA Chairman
Bill
Murphy, GATA Chairman
Murphy grew up in Glen Ridge, N.J., and graduated
from the School of Hotel Administration at Cornell
University in 1968. In his senior year he broke
all the Ivy League single-year pass-receving records.
He then became a starting wide receiver for the
Boston Patriots of the American Football League.
He went on to work for various Wall Street brokerage
firms and specialized in commodity futures. He
began as a Merrill Lynch trainee and went on to
Shearson Hayden Stone and Drexel Burnham. From
there he became affiliated with introducing brokers
and eventually started his own brokerage on 5th
Avenue in New York. He now operates an Internet
site for financial commentary, www.lemetropolecafe.com.
About
Peter Grandich
Managing Member, Grandich Publications, LLC.
With
no formal education or training, Peter Grandich
entered Wall Street and within three years was
appointed Vice President of Investment Strategy
for a leading New York Stock Exchange member firm.
He was the editor and publisher of four investment
newsletters, and appeared on national TV and radio
over 400 times.
Labeled
the Wall Street Whiz Kid, Grandich gained national
notoriety by being among the very few who not
only forecasted the 1987 stock market crash just
weeks before it happened, but on the very next
day he predicted that within a year the market
would reach a new all-time high which it did.
Proving his 1987 forecast was no fluke, Mr. Grandich
said in January 2000 that the year 2000 will go
down as the year the great mega bull market of
the 80s and 90s came to an end.
He
speaks at numerous major investment conferences
worldwide and was awarded Best Speaker Award eight
times by the International Investors Conferences.
Grandich
is the founder and managing member of Grandich
Publications, LLC. Grandich Publications publishes
The Grandich Letter. First published in 1984,
it provides commentary on the mining and metals
markets. In addition, the company also provides
a variety of services to publicly-held corporations
on a compensation basis.
In
addition, Grandich is a member of the National
Association of Christian Financial Consultants,
and a long-standing member of The New York Society
of Security Analysts and The Society of Quantitative
Analysts.
Top
Wall Street Chartered Technical Analyst (CTA),
Ralph Acampora of Altaira
Wealth Management,revered
as "A Professor of Technical Analysis,"
returns.
Arch Crawford & Chris Waltzek Ph.D.
- March 7th, 2018.
CEO
Thomas
Coughlin the founder of Kinesis
as well as, Andrew
Maguire, return with part two of
this epic-exclusive Goldseek conference
call, simultaneously on three continents.
Lior
Gantz & Chris Waltzek Ph.D. - March
1st, 2018.
Andy
Schectman of Miles
Franklin Institute is partnering with
Sprott Asset Management on a physical gold
backed, distributed ledger with bullion
held at the Royal Canadian Mint.
Peter Grandich & Chris Waltzek
Ph.D. - February 14th, 2018.
Chris
Blasi, President of Neptune
Global LLC underscores gold's
4000 year track record as sound money,
noting further that the year 2000
gold bull market is still underway.
Nick
Barisheff & Chris Waltzek Ph.D.
- February 8th, 2018.
Economist
Professor Laurence Kotlikoff, returns with
positive insights on the PMs sector noting
that investors should consider increasing
their PMs stockpile.
CEO
Thomas
Coughlin, Andrew
Maguire, join the show in an epic-exclusive
Goldseek.com Radio conference call that
takes place simultaneously on three continents.
Dr.
Marc Faber & Chris Waltzek - January
17, 2018.
Richard
Daughty, "the angriest guy in economics,”
writer/publisher of The Mogambo Guru economic
newsletter says the stock / bond markets are
approaching bubble territory.
Bob Hoye & Chris Waltzek Ph.D. - December
20th, 2017.
Eagle
Plains Resources Ltd. CEO, Tim J. Termuende
& Chris Waltzek
Ph.D. - April 4th, 2018 
Arch Crawford & Chris Waltzek Ph.D.
- March 28th, 2018. 
Andy Schectman &
Chris Waltzek Ph.D. - February 22nd, 2018.**
Dr.
Marc Faber & Chris Waltzek - January
17, 2018.
Spectiv
CEO Dylan Senter, Nick & Chris Waltzek
Ph.D. - December 28th, 2017.
Charles
Hughes Smith & Chris Waltzek Ph.D. -
Dec. 13th, 2015. 
