The
shackles of over $200 trillion in
total US debt / financial obligations
and a potential trade war with key
trading partners looms above the markets.
Investors should procure portfolio
insurance such as gold while curtailing
US equities / Treasuries exposure.
Our
guest questions the wisdom of threats
from Washington to impose an additional
$200 billion in tariffs on China.
The
professor notes the US government
is bankrupt, which makes long-term
Treasuries risky relative to shorter
term US notes as well as US equities.
The American per capital savings rate
has plunged in recent decades from
15% (similar to Japan / China currently)
to 3%, suggesting very little flexibility
of the typical domestic home to withstand
unforeseen economic hardships.
The
Listener's Q&A segment includes
phone calls from Marcus, Trenton and
John on the timely topics of gold,
the Kinesis project and stocks / bonds.
Marcus
starts off today’s discussion
with comments on the Kinesis project
headed by Andrew Maguire and CEO Coughlin.
The
Kinesis gold backed cryptocurrency
project from Down Under appears legit
according to
Goldseek's top brass.
One
key caveat, initial public offerings
are very tricky to navigate and involve
higher than typical risks.
For
instance, the Komodo ICO, was a stealth
currency that had an excellent underwriter.
It turned out to be one of the best
performers in history, but quickly
crashed from the 50 fold opening day
price to the original tokens at pre-ICO
price.
In
most cases and for most investors
it is safest to wait until an ICO
goes public and organic price discovery
reveals the true value.
The
SALT lending platform ICO was legit
and vetted every single US investor,
spent thousands of hours making sure
that everything was above board.
The
price mostly fell from the ICO price,
bounced once back to the opening price
and to this point is in recovery.
Sometimes
discounted, pre-ICO offerings via
earliest bird prices are worthy candidates.
For those with patience who don’t
want to spend a single dollar and
have a chance at FREE ICOs, simply
request a link via email to bookmark
a page.
John
from Sunny San Diego asks questions
about
the COMEX gold / paper contract ratio.
The
GATA.org folks notes little gold to
cover the contracts, approximately
1 / 100 ounces / contract; a force
majeure could unfold.
The
flattening yield curve reveals expectations
that the short yield could eclipse
the longer yield by summer of 2019.
As
the Fed wraps up it’s rate hike
cycle and central banks in EU / China
/ Japan turn hawkish, the greenback
will be under pressure.
As
market forces favor the Yen, Yuan
and Euro in place of the dollar in
anticipation of higher yields, the
US stock market advance could pause.
US
equities investors may anticipate
the rise of alternative currencies
and the positive impact on competing
indexes such as the Nikkei and the
DAX.
Trenton
claims to be an an investor in the
sound deck.io blockchain that could
potentially ignite a creativity revolution
incentivising artistic output.
Due
diligence and vigilance is advisable
due to the associated risks of all
new projects.
Bill
Murphy of GATA.org
expects the global monetary crises
to converge leading to explosive gains
in the PMs sector.
According
to GATA.org, the gold cartel continues
to raid the PMs sector as sending
the gold / silver ratio to 85, making
silver an irresistible value.
The
host expects the Fed to complete the
FFF rate hike cycle by mid-2019, with
no more than 2 rate increases next
year.
As
a result, inflationary forces could
exert downward pressure on the US
Greenback to the benefit of PMs investors.
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Guest
Bios
Arch
Crawford
Stockmarket
Cycles
Arch
Crawford cut his technical
analysis teeth as first assistant
to top Wall Street technician
Robert Farrell at Merrill
Lynch in the early 1960s.
In 1977, following Arch’s
extensive research into astrophysical
phenomenon, astrology and
its correlation to market
performance, he edited and
published the premiere issue
of Crawford Perspectives market
timing newsletter.
Today,
nearly 40 years later, Crawford
Perspectives continues to
bring readers one of the
most highly regarded and
consistently accurate market
timing newsletters available.
Peter
Schiff President & Chief
Global Strategist
Peter is one of the few investment
advisors to have correctly called
the current bear market before
it began and to have positioned
his clients accordingly. As
a result of his accurate forecasts
of the mortgage meltdown, credit
crunch, and decoupling of commodities,
precious metals, and foreign
markets from the U.S. Dollar,
he has become a sought-after
economic commentator on a range
of investment topics. Peter
delivers lectures at major economic
and investment conferences,
and is quoted often in the print
media, including the Wall Street
Journal, New York Times, L.A.
Times, Barron’s, BusinessWeek,
Time and Fortune. His broadcast
credits include regular guest
appearances on CNBC, Fox Business,
CNN, MSNBC, and Fox News Channel,
as well as hosting a weekly
radio show. As an author, he
has written four best-selling
books, including his latest:
" Crash Proof 2.0: How
to Profit from the Economic
Collapse" and "How
an Economy Grows and Why It
Crashes."
Chris
Blasi, President of Neptune
Global LLC outlines his
gold and Bitcoin market outlook
for 2018. Precious metals
investors could be rewarded
this Autumn.
Peter
Hug, Director of the Kitco Precious
Metals Division, makes his
show debut. Negativity in the
retail market for gold / silver
has reached such epic levels
that from a contrarian vantage
point, a price floor could soon
materialize.
Bill
Murphy & Chris Waltzek Ph.D.
- August 10th, 2018.
Wolf
Richter, founder of WolfStreet.com
holds silver in his investment
portfolio and advises investors
to buy and hold PMs in anticipation
of the next uptrend.
Bill
Murphy &
Chris Waltzek Ph.D. - August 10th,
2018.
Head
of The
Morgan Report, David Morgan
rejoins the show with comments
on the PMs sector noting that
gold remains a "free lunch"
diversification asset.
Peter Grandich &
Chris Waltzek PhD - August
29th, 2018.
Peter
Hug & Chris Waltzek Ph.D.
- August 18th, 2018.
Peter
Eliades & Chris Waltzek
Ph.D. - August 1st, 2017.
Raghee
Horner &
Chris Waltzek Ph.D. - May
17th, 2018.
