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2015 Archive

Bill Murphy & Chris Waltzek - May 27, 2015.

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Summary:

  • Bill Murphy from GATA.org and the host discuss a report from Bloomberg News analysts who claim, if the People's Bank of China (PBoC) supports the Yuan with gold, approximately 1,000 tons, the move would send the price of gold soaring to $64,000 per ounce, 50 times the current price.
  • In addition, reports from Venezuela indicate 64% inflation, approaching 5% per month as the Bolivar currency collapses.
  • Venezuelan money growth is approaching exponential levels, eerily similar to the Fed's balance sheet.

Bill Murphy from GATA.org and the host discuss a report from Bloomberg News analysts who claim, if the People's Bank of China (PBoC) supports the Yuan with gold, approximately 1,000 tons, the move would send the price of gold soaring to $64,000 per ounce, 50 times the current price. In addition, reports from Venezuela indicate 64% inflation, approaching 5% per month as the Bolivar currency collapses - many economists consider 10% per month runaway inflation. Figure 1.1. shows how Venezuelan money growth is approaching exponential levels, eerily similar to the Fed's balance sheet, also shown in a figure further down this web page.

 

Figure 1.1. Venezuelan Money Growth - 64% Inflation

Note: Graph courtesy of tradingeconomics.com.

The XAU is lower than when Bill Murphy entered the industry 16 years earlier. He's never seen such conditions in the sector - likening the current environment to a depression.

 

Fabian Calvo & Chris Waltzek - May 21, 2015.

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Summary:

Fabian Calvo from the NoteHouse.us, is watching US equities market margin levels with a weary eye, each time the crash harbinger overextended in the past a recession followed.

Approximately 1 out of 3 American's cannot find gainful employment or have given up the search for meaningful employment, 93 million souls - impacting at least one person in every household.

Never before in history has this number been so high.

Fabian's work shows that half of all jobs will be be replaced by automation in the next decade, resulting in a Terminator Movie like scenario. Most people will be caught off guard with the boomerang like shift.

The solution: job seekers must retool their skill set in advance of the coming workplace sea change.

The old job paradigm: go to college and accumulate debt has failed; the new paradigm involves online entrepreneurship and vocational training.

By building a solid skill set, entrepreneurial minded people can better prepare for the increasingly challenging / dynamic workplace.

 

Fabian Calvo from the NoteHouse.us, a $100 million portfolio of distressed properties is watching US equities market margin levels with a weary eye, each time the crash harbinger overextended in the past a recession followed. The leading indicator remains at record levels. Nevertheless one can clearly see how the inevitable divergence in price lead to market crises (see Figure 1.1.).

Figure 1.1. US Equities Margin Debt

Note: Graph courtesy of dshort.com - analysis from Chris G. Waltzek at radio.goldseek.com

Approximately 1 out of 3 American's cannot find gainful employment or have given up the search for meaningful employment, 93 million souls - impacting at least one person in every household. Never before in history has this number been so high. Fabian's work shows that half of all jobs will be be replaced by automation in the next decade, resulting in a Terminator Movie like scenario. Most people will be caught off guard with the boomerang like shift. The solution: job seekers must retool their skill set in advance of the coming workplace sea change. The old job paradigm: go to college and accumulate debt has failed; the new paradigm involves online entrepreneurship and vocational training. By building a solid skill set, entrepreneurial minded people can better prepare for the increasingly challenging / dynamic workplace.

 

Arch Crawford & Chris Waltzek - May 20, 2015.

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Summary:

Arch Crawford, head of Crawford Perspectives, elucidates listeners with comments on the impending FOMC rate hike, slated for September / December 2015.
He's doubtful that domestic economic conditions are robust enough to sustain a rate hike.
Arch is concerned by the US equities market, which is making 118 year highs on extremely low volume, which he thinks is a sign of manipulation.
The discussion includes Martin Armstrong's market timing model, which seems to coincide with the Hebrew Shemita (Shmita) a seven year cycle of amnesty.
The cycle is nearing another seven year zenith, coinciding with the expected Fed rate hike this Fall.
Could an FOMC rate increase trigger a global economic landslide? Many recent guests certainly think so.
The discussion continues with a review of the trading strategy of the legendary author / former Goldman Sach's trader and now professor, Dr. Nassim Taleb of Fooled by Randomness and Black Swan fame.
Arch discusses his investing style, which bares a striking resemblance to that of Nassim Taleb's.
In 2008, Arch invested $2,500 in puts and earned over $500,000, a two hundred fold return. He invests a small amount in a contrary fashion each month, to reap similar rewards when the crowd is wrong.
Arch worries that a Cyprus-like moment could become a reality on a much larger scale - Europeans, Asians and Americans could suddenly find their account balances adjusted to reflect a new currency, with perhaps a fifty percent reduction in purchasing power.

From his office in the Sonoran-Arizona desert, Arch Crawford, head of Crawford Perspectives, elucidates listeners with comments on the impending FOMC rate hike, slated for September / December 2015. He's doubtful that domestic economic conditions are robust enough to sustain a rate hike. Arch is concerned by the US equities market, which is making 118 year highs on extremely low volume, which he thinks is a sign of manipulation. The discussion includes Martin Armstrong's market timing model, which seems to coincide with the Hebrew Shemita (Shmita) a seven year cycle of amnesty where all debts are forgiven and an agricultural year of rest where no planting, harvesting, watering, fertilizing or weeding is to take place. Arch notes similarities with an Arab tradition and a lunar cycle while directing listener's to Rabbi Jonathan Cahn's YouTube Shemitah discussion (see Figure 1.1):

Figure 1.1. Shemitah - Rabbi Cahn

Note: The video is courtesy of YouTube.com.

The cycle is nearing another seven year zenith, coinciding with the expected Fed rate hike this Fall. Could an FOMC rate increase trigger a global economic landslide? Many recent guests certainly think so. The discussion continues with a review of the trading strategy of the legendary author / former Goldman Sach's trader and now professor, Dr. Nassim Taleb of Fooled by Randomness and Black Swan fame. The host agrees with Dr. Taleb that true market price is rarely normally distributed, making forecasts of expected portfolio returns challenging at best and devastating at times. Instead, by adhering to a Pareto or Leptokurtic market distribution, investors can shield the bulk of their wealth while profiting handsomely due to rare or Black Swan events. Arch discusses his investing style, which bares a striking resemblance to that of Nassim Taleb's. In 2008, Arch invested $2,500 in puts and earned over $500,000, a two hundred fold return. He invests a small amount in a contrary fashion each month, to reap similar rewards when the crowd is wrong. Arch worries that a Cyprus-like moment could become a reality on a much larger scale - Europeans, Asians and Americans could suddenly find their account balances adjusted to reflect a new currency, with perhaps a fifty percent reduction in purchasing power.

Bob Hoye & Chris Waltzek - May 15, 2015.

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Summary:

Bob Hoye, senior Investment strategist at Institutional Advisors, watches the market all day, every day, tick by tick.
Bob warns that correlation in the markets does not always imply causation.
Similarly, false conclusions such as credit expansion equates with economic growth - are at the foundation of faulty central bank policies.
From 1985-1995, a ten year period was required to double the Fed's balance sheet.
Next, from 1995-2009, approximately 14 years were required. But by 2009, the Fed doubled their balance sheet over night and again in 2012-2013 and still again in 2014.
What used to require 10-14 years is now happening every other year. Given the unprecedented bailout figure and subsequent credit injections.

The host proposes the bold idea: did the financial system fail in 2009 only to be held together by substantial CB duct tape?

In the 1920's the Fed began Open Market Operations for the first time in national history, holding rates artificially low in turn encouraging speculation, culminating with the 1929 stock market crash and Great Depression - a virtual playbook for the current economy.

Bob says the only thing holding back hyperinflation is the bond / stock market rally, where inflation is destined to eventually find its way to a gold / silver market near you.

Bob Hoye, senior Investment strategist at Institutional Advisors, watches the market all day, every day, tick by tick. The guest and host discuss an important tool for every investor - the keys to scientific / economic / financial understanding via Aristotelian syllogism, the process of deduction or drawing a conclusion based on two premises. For example:

First premise: the money supply is sharply higher,
Second premise: increased money supply encourages speculation,
Deduction: expect the stock market to rise.

Nonetheless, Bob warns that correlation in the markets does not always imply causation. Similarly, false conclusions such as credit expansion equates with economic growth - are at the foundation of faulty central bank policies. From 1985-1995, a ten year period was required to double the Fed's balance sheet. Next, from 1995-2009, approximately 14 years were required. But by 2009, the Fed doubled their balance sheet over night and again in 2012-2013 and still again in 2014. Putting a fine point on it, what used to require 10-14 years is now happening every other year. Given the unprecedented bailout figure and subsequent credit injections, the host proposes the bold idea: did the financial system fail in 2009 only to be held together by substantial CB duct tape? Sound implausible? In the 1920's the Fed began Open Market Operations for the first time in national history, holding rates artificially low in turn encouraging speculation, culminating with the 1929 stock market crash and Great Depression - a virtual playbook for the current economy. Bob says the only thing holding back hyperinflation is the bond / stock market rally, where inflation is destined to eventually find its way to a gold / silver market near you.

 

Andrew Maguire & Chris Waltzek - May 14, 2015.

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Summary:

Andrew Maguire, of Andrew Maguire Gold Trading makes his début appearance.

The 40 year gold market veteran and whistleblower, strengthens Ted Butler's silver market manipulation case.

Each ounce of exchange metal is leveraged 100 to 1.

Yet leverage of only 10 to 1 was required to ignite the Great Crash of 1929.

Our guest notes that the trading desks of the 6 key bullion banks and the BIS are in collusion, keenly aware of major turning points and culpable for sharing confidential information with associates.

The huge paper based, naked short position held by the bullion banks exposes them to sizable default risk.

Expect PMs market manipulation schemes to end in 2015, resulting in markedly improved transparency.

Andrew Maguire, of Andrew Maguire Gold Trading makes his début appearance on Goldseek.com Radio - the 40 year gold market veteran and whistleblower, strengthens Ted Butler's silver market manipulation case by exposing the nefarious machinations of the institutions purportedly responsible for market rigging and ultimately the closure of productive gold / silver mining operations - eliminating much needed jobs in the struggling sector. He worked with CFTC market regulators for a year, pinpointing the questionable market operations. His conversations with exchange officials indicates that each ounce of metal has less than 1/100th in metal backing, leveraged 100 to 1. Putting the threat to the entire global economic system into perspective, 10 to 1 leverage was arguably a primary cause of the Great Crash of 1929 on Wall Street. Magnify the leverage by a factor of 10 and a less than sanguine forecast emerges. Our guest notes that the trading desks of the 6 key bullion banks and the BIS are in collusion, keenly aware of major turning points and culpable for sharing confidential information with associates. The huge paper based, naked short position held by the bullion banks has exposed them to sizable default risk. The typical COMEX delivery involves moving bullion via a forklift from one side of the room to the other, a farcical / meaningless exercise. Whereas the competing Shanghai gold exchange regularly ships tons of bullion, worldwide. He expects PMs market manipulation schemes to end in 2015, resulting markedly improved transparency.

 

Listener's Q&A (phone / email) - Chris Waltzek - May 12, 2015.

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Summary:

The 1st caller is concerned by the inflation / deflation debate.

Our host challenges the deflationist rhetoric, noting that the dollar rally is insufficient evidence of deflation.

Dollar strength represents a flight away from the euro currency alternative in anticipation of an imminent Greek default - the US dollar is simply the least sick currency in the ward.

Deflationists have confused deflation (a decrease in the money supply) with disinflation (a decrease in the rate of inflation).

As illustrated by Figure 1.1., in 2008 liquidity poured into the system, funds were reinvested by money center banks and key corporations in their own shares (buybacks / Treasury stock), sending the equities indexes higher while reducing the number of shares outstanding, a two-staged rocket propelling stocks into the exosphere.

Takeaway point: the so called economic miracle or recovery required a five fold increase in the Fed's balance sheet from 2009

Given the near certainty of a rate hike by September / December of this year, the market bubble could crater despite trillions of dollars in support - directing the Mt. St. Helens of equity / paper capital to undervalued safe havens, such as gold and silver.

After a year long consolidation, money printing is near the zenith, poised for a new break out - consolidation theory suggests at least a 50% increase in Fed debt to $6.5 trillion over the next two years.

The Fed liquidity represents a giant options put of financial protection.

Prediction: until the Fed money printing bonanza halts, expect the party on Wall Street to persist.

The host answers questions from caller John and email messages from several friends of the show, including Vidya and Patrick.

The 1st caller is concerned by the inflation / deflation debate. Our host challenges the deflationist rhetoric, noting that the dollar rally is insufficient evidence of deflation. On the contrary, dollar strength represents a flight away from the euro-currency alternative in anticipation of an imminent Greek default - the US dollar is simply the least sick currency in the ward. Deflationists have confused deflation (a decrease in the money supply) with disinflation (a decrease in the rate of inflation). The subtle nuance between deflation and disinflation can be visualized by imagining a car traveling along a flat desert road. As a mountain pass approaches, if the driver keeps the peddle in the same position as the car ascends the mountain, the pace of the vehicle will slow and eventually come to a halt. This represents disinflation. Just as the car slows but keeps moving forward inflation remains, but at a slower growth rate. Conversely, if deflation were truly present, the car would stop on the mountain road and then reverse back down the hill. This is not yet evident in the money supply (inflation proxy) compiled by the St. Louis Fed and Shadowstats.com (see Figure 1.1.).

Figure 1.1. US Monetary Base (adjusted - St. Louis Fed)

Note: The graph is courtesy of the St. Louis Fed web page.

As illustrated in Figure 1.1., the money supply growth rate was stable until the last recession. But around 2008 the figure went wild, coinciding with the domestic stock market bull-run of 2009-2015. As liquidity poured into the system, funds were reinvested by money center banks and key corporations in their own shares (buybacks / Treasury stock), sending the equities indexes higher while reducing the number of shares outstanding, which amounts to a two-staged rocket: the buybacks increased demand and reduced supply, sending stocks barreling into the exosphere. KEY POINT: the so called economic miracle or recovery required a five fold increase in the Fed's balance sheet since 2009. The reason that the cost of goods and services, housing, oil etc. have not skyrocketed is that the $4+ trillion dollars are held primarily in US paper assets, such as stocks / bonds, holding the inflation genie is check. Nevertheless, with a rate hike a near certainty by September / December 2015, the market bubble could crater, even with the trillions of dollars worth of support. Once the edifice starts to crumble, the Mt. St. Helens of equity / paper capital will search for undervalued safe havens, like gold and silver. After a year long consolidation, the money printing pattern is at the top of the range and poised for a new break out - consolidation theory suggests an increase of at least $6.5 trillion in total over the next two years. So why is housing stabilizing; why are share prices staging a dot.com like revival; and why are big institutions shunning safe haven assets? Who needs a safe haven when every investor has a safety net above the high wire, i.e., the Fed. The Fed has offered the market a giant options-put of protection. Prediction: until the Fed money printing bonanza halts, expect the party on Wall Street to continue, but at a frightening cost. The aftermath could mark the end of the global financial system. The further Fed officials extend the day of reckoning, the greater the suffering of the middle and working classes. The host answers questions from caller John and email messages from several folks, including Vidya and Patrick.

 

Peter Eliades & Chris Waltzek - May 7, 2015.

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Summary:

According to Peter Eliades of Stockmarket Cycles, a particular angle of ascent or slope has lead to a market zenith for nearly 14 consecutive years.
He presents the precise slope angle and a simple means to calculate the trendline (slope = 68.3 / 238 days = 0.28584) for virtually any forecasting chart.
Since 2002, the market has failed to close over 1.1% beyond the trendline and then subsequently declined sharply.
On Monday, May 4th, the model registered a key stock market top, with the proviso that no construct is perfect.
A market peak of great importance seems imminent.

His work suggests that the potential return in US equities is significantly lower than the potential risk - echoing the sentiments of previous guests, such as Dr. Burton Malkiel.

Our guest suggests Hussman Funds, a free website with market commentary.

Peter Eliades of Stockmarket Cycles, presents an intriguing scientific discovery - his work has uncovered a formula that appears to govern financial market mechanics, in particular, the US equities market. According to the findings, a particular angle of ascent or slope has lead to a market zenith for nearly 14 consecutive years. He presents the precise slope angle and a simple means to calculate the trendline (slope = 68.3 / 238 days = 0.28584) for virtually any forecasting chart. Since 2002, the market has failed to close over 1.1% beyond the trendline and then subsequently declined sharply. On Monday, May 4th, the model registered a key stock market top, with the proviso that no construct is perfect. Our guest adds his analysis, noting that a market peak of great importance seems imminent. The driving force behind the phenomenon appears to be the ascent rate, given the current economic dynamics - not to be confused with the rate of change ROC stemming from the calculus based derivative (d/dx) of market prices. Instead, one might imagine a guiding number, such as Phi (2.816), a transcendental figure often used to calculate Fibonacci support / resistance / forecast levels in market prices. Even if the market does not reach a zenith, it is safe to infer from the construct that market price should not extend more than 1.1% above the high price posted on May 4th. Put simply, his work suggests that the potential return is significantly lower than the potential risk, in US equities - echoing the sentiments of previous guests, such as Dr. Burton Malkiel. Our guest suggests Hussman Funds, a free website with market commentary.

 

David Morgan & Chris Waltzek - May 6, 2015.

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Summary:

The Silver Investor David Morgan views dollar strength as a direct result of capital flight from the EU.
Still, the US dollar is a flawed currency, losing over 95% of its value due to Fed machinations.
The 30 year love affair with US bonds is coming to an end - the coming debt market implosion will direct trillions of dollars into a competing safe haven, gold and silver, tiny markets relative to bonds.
David Morgan says every portfolio requires at least 10% PMs exposure.

Few investors have even this recommended amount. The bottom may be in place.

A final capitulation may not come to pass in the PMs before the onset of the nascent bull market, despite the monthly downtrend.

The Silver Investor David Morgan views dollar strength as a direct result of capital flight from the EU - negative interest rates make the Greenback seem financially solid by comparison. Still, the US dollar is a flawed currency, losing over 95% of its value due to Fed machinations. The 30 year love affair with US bonds is coming to an end - the coming debt market implosion will direct trillions of dollars into a competing safe haven, gold and silver, tiny markets relative to bonds. In the last credit crisis of 2007, the only asset class to fair well was gold, with few exceptions, one more reason why the PMs are solidly valued at current levels. David Morgan says every portfolio requires at least 10% PMs exposure - few investors have even this recommended amount. The bottom may be in place - a final capitulation is not likely in the PMs before the onset of the nascent bull market, despite the monthly downtrend.

 

Jim Rogers & Chris Waltzek - May 5, 2015.

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Summary:

Hailing from scenic Zurich Switzerland, Jim Rogers outlines his investing plan for 2015.
WTIC appears to be oversold - expect an important bottom this year.
The investing legend plans to increase his stockpile of gold at under $1,000 an ounce.
He favors equities shares from China (largest holding).
Fed officials may feel compelled to make an incremental rate hike or two, to save face given the level of rate hike rhetoric.
Nonetheless, such efforts will be in vain, the inevitable day of economic reckoning is imminent.

Hailing from scenic Zurich Switzerland, Jim Rogers outlines his investing plan for 2015. WTIC appears to be oversold - expect an important bottom this year. The investing legend is holding on to his PMs and looking for a capitulation to add to his stockpile of gold and silver. He expects a 50% decline from the bull market zenith, presenting solid gold buying opportunities under $1,000 an ounce. He favors equities shares from China (largest holding) - viewed as a relative value compared with US equities. Fed officials may feel compelled to make an incremental rate hike or two, to save face given the level of rate hike rhetoric. Nonetheless, such efforts will be in vain, the inevitable day of economic reckoning is imminent.

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Peter Schiff & Chris Waltzek - April 30, 2015.

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Summary:

Peter Schiff, Chairman of SchiffGold.com and the host discuss the latest economic numbers.
Contrary to the official figures the Great Recession never ended - by deflating true inflation figures, economic output only seems strong.
Peter Schiff agrees with John Williams from Shadowstats.com, the national GDP has been negative for almost 15 years when accurately tabulated.
Given the unexpectedly low GDP figure reported on Wednesday, the recession is bordering on a depression.
This is good news for investors as Fed officials are more likely to implement QE4 by the end of 2015, early 2016.
Our guest says the gold market is building a base -the dollar will plunge in spectacular fashion - the next QE installment will send the PMs much higher.

Dollar cost averaging into the metals is the most prudent method, given market uncertainty.

With homeownership rates near 30 year lows and a lack of quality employment, real estate is overpriced, better opportunities will unfold as the recession further develops.

Peter Schiff, Chairman of SchiffGold.com and the host discuss the latest economic numbers. Contrary to the official figures the Great Recession never ended - by deflating true inflation figures, economic output only seems strong. Peter Schiff agrees with John Williams from Shadowstats.com, the national GDP has been negative for almost 15 years when accurately tabulated (see chart a few pages below this text). Given the unexpectedly low GDP figure reported on Wednesday, a number that would have been negative without hedonic adjustment, the recession is bordering on a depression. This is good news for investors as Fed officials are more likely to implement QE4 by the end of 2015, early 2016. Our guest says the gold market is building a base and once the threat of a rate hike passes, the dollar will plunge in spectacular fashion - the next QE installment will send the PMs much higher. Peter Schiff agrees with the host that a final selling capitulation could present the best buying opportunity in years for PMs investors. Nevertheless, dollar cost averaging into the metals is the most prudent method, given market uncertainty. With homeownership rates near 30 year lows and a lack of quality employment, real estate is overpriced, better opportunities will unfold as the recession further develops.

G. Edward Griffin & Chris Waltzek - April 28, 2015.

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Summary:

G. Edward Griffin serves cuisine for cogitation with a review his magnum opus, The Creature from Jekyll Island, a classic that continues to resonate with readers 22 years later.
He spent 7 years on the project and fortunately decided against discarding the manuscript, now a financial classic approaching it's 40th publishing.
G. Edward Griffin and Dr. Ron Paul have arguably contributed much to the movement for central banking (CB) transparency.
Our guest notes that negative / zero interest rates, rehypothecation, debt crises, etc. should come as little surprise, the global economic system has been gamed by the same cartel that formed the CB system.

G. Edward Griffin serves up cuisine for cogitation with a review his magnum opus, The Creature from Jekyll Island, a classic that continues to resonate with readers 22 years later. He spent 7 years on the project and fortunately decided against discarding the manuscript, now a financial classic approaching it's 40th publishing. Arguably, champions of unadulterated, free market capitalism, G. Edward Griffin and Dr. Ron Paul have contributed much to the movement for transparency in central banking (CB). Nevertheless, the current pseudo-capitalist framework is based on a fata morgana, negative / zero interest rates, rehypothecation, debt crises, etc. The global economic system has been gamed by the same cartel who formed the CB system. Given that most temporal power (worldly) stems from wealth, including military / political / corporate, the banking cartel wields enormous influence. The bulk of Americans are blissfully unaware that the system has been hijacked by a cabal with a nefarious agenda. Ultimately, the system will implode, which according to our guest explains the proliferation of FEMA camps designed to prepare the nation for martial law and to reeducate dissidents, formerly known as patriots, in 1776.

 

Bill Murphy & Chris Waltzek - April 23, 2015.

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Summary:

Bill Murphy from GATA.org and the host discuss the recent trend of higher gold imports into China and India.
Gold exports from Switzerland doubled while exports from London increased six fold.
Similar to Pompeii ahead of the Mt. Vesuvius eruption, many investors today are choosing to ignore the warning signs.
Bill Murphy thinks a Pompeiian-like eruption will impact the global economic system when global central banks lose control of the precious metals markets.
Our guest shares a market forecast beyond the dreams of avarice - he expects silver to soar to $100 in the coming years and gold to post the most lofty advance in financial history.
The XAU is nearing multi-decade lows representing a long-term contrarian opportunity on an epic scale, similar to undervalued technology sector-shares during the 2009 stock market correction, nadir.

Bill Murphy from GATA.org and the host discuss the recent trend of higher gold imports into China and India. Due in part to lower duties / taxes on gold imports, demand is soaring - gold exports from Switzerland doubled while exports from London increased six fold. Similar to the tragedy from antiquity in Pompeii nearly 2,000 years ago, where citizens had merely a few hours to evacuate the entire region ahead of the impending eruption of Mt. Vesuvius, unfortunately, many investors today are choosing to ignore the warning signs. Bill Murphy thinks a Pompeiian-like eruption will impact the global economic system when global central banks lose control of the precious metals markets. At that point free market mechanics will dominate as the unshackled supply / demand forces send the price back into equilibrium. According to a report from Bloomberg news, Fed officials want investors to believe that the era of low rates is ending - but in fact, the opposite may be the case - the Fed could be bluffing given the precarious state of the global economy. Our guest shares a market forecast beyond the dreams of avarice - he expects silver to soar to $100 in the coming years and gold to post the most lofty advance in financial history. The XAU is nearing multi-decade lows representing a long-term contrarian opportunity on an epic scale, similar to undervalued technology sector-shares during the 2009 stock market correction, nadir.

 

Gerald Celente & Chris Waltzek - April 22, 2015.

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Summary:

Gerald Celente returns to the show for a discussion on the latest edition of the Trends Journal.
Our guest notes that the foreclosure rate is up 20% (Dynamic foreclosure chart) in the past 12 months.
Even against the backdrop of the lowest interest rates in global history, over 3,000 years of economic history, the financial life support is merely sustaining the economic patient.
Why would anyone trust the official economic figures such as the current unemployment rate of 5.5%, when the more accurate U6 figure indicates 23% national unemployment (Unemployment).
A central reason for the disparity between the official / actual figures is the inaccurate inflation figure (Inflation).
Given that inflation is at least 4% higher, the actual GDP or economic output is considerably lower - the US has remained in a recession for nearly 15 consecutive years! (GDP).
Thanks in part to NAFTA, millions of desirable jobs were / are shipped offshore, over 5,000,000 careers will never return.
Unfortunately, the Great Recession never ended and is now systemic / global in breadth.
Eventually the Ponzi scheme will end, which is why Gerald Celente says, "gold is for my golden years." He underscores the importance of building a portfolio based upon a firm foundation of gold.
The importance of portfolio diversification cannot be understated - a well known billionaire lost approximately $100 million on a single stock bet - most of the loss was avoidable via proper asset allocation.

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The editor of the Trends Journal and the host discuss the latest edition of the Trends Journal. Our guest thinks the much touted "economic recovery" global is little more than smoke and mirrors, given that the foreclosure rate is up 20% (Dynamic foreclosure chart) in the past 12 months. Even against the backdrop of the lowest interest rates in global history, over 3,000 years of economic history, the financial life support is merely sustaining the economic patient. Why would anyone trust the official economic figures such as the current unemployment rate of 5.5%, when the more accurate U6 figure formerly tabulated by the Labor Department in the 1980's indicates 23% national unemployment (see Shadowstats.com: Unemployment). A central reason for the disparity between the official / actual figures is the inaccurate inflation figure (see Shadowstats.com: Inflation). Given that inflation is at least 4% higher, the actual GDP or economic output is considerably lower - the US has remained in a recession for nearly 15 consecutive years! (see Shadowstats.com: GDP) (See Figure 1.1.)

Figure 1.1. US Gross Domestic Product

 

Note: Graph is courtesy of shadowstats.com.

The preceding illustration is prima facie evidence of the precarious situation facing 300+ million Americans. Thanks in part to bad public policies, such as NAFTA, the North American Free Trade Agreement, which only benefited the too broke to bails - millions of desirable jobs were / are shipped offshore, over 5,000,000 careers will never return. Unfortunately, the Great Recession never ended and is now systemic / global in breadth. Eventually the Ponzi scheme will end, which is why Gerald Celente says, "gold is for my golden years," he underscores the importance of building a portfolio based upon a firm foundation of gold. The importance of portfolio diversification cannot be understated - a well known billionaire businessman (click here) lost approximately $100 million on a single stock - most of the loss was avoidable via proper asset allocation.

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Harry S. Dent Jr. & Chris Waltzek - April 16, 2015.
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Summary:

Economist and best-selling author Harry S. Dent Jr., returns to the show with analysis on the Greek debt crisis
The Grexit is merely the tip of the iceberg, the US and most developed nations have accumulated enormous debt burdens, under the guise of entitlement programs.
Given that the Grexit appears imminent, our guest thinks Spain and Portugal could be the next to face debt issues.
Credit risk is increasing - investors must anticipate a resulting increase in the cost of credit, i.e. interest rates on mortgages, loans, etc..
Government profligacy worldwide has created financial bubbles, particularly in real estate.
Singapore officials have recognized the threat and imposed restrictions to offset rampant speculation in housing, similar to Dr. Greenspan's 1996 irrational exuberance warning.
Despite assurances to the contrary by mainline pundits, the resulting economic fallout could ignite Great Depression like conditions or worse.
Listener's are advised to make preparations by stockpiling necessities and precious metals.

The guest and host agree, given the anticipated market uncertainty, the best investment strategy is a balanced portfolio comprised of broadly diversified / competing asset classes, including precious metals (the guest recommends an allocation of at least 10%), cash, real estate, equities, bonds energy and commodities.

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The Greek debt crisis is just the tip of the iceberg, according to Economist and best-selling author Harry S. Dent Jr., the US and most developed nations have accumulated enormous debt burdens, under the guise of entitlement programs. Given that the Grexit appears imminent, our guest thinks Spain and Portugal could be the next to face debt issues. When financial / economic exposure is in play as evidenced in the euro zone, credit risk increases in tandem with the cost of credit, i.e. interest rates on mortgages, loans, etc.. Worldwide government profligacy has created financial bubbles, particularly in real estate - Singapore officials have recognized the threat and imposed restrictions to offset rampant speculation in housing, similar to Dr. Greenspan's famous 1996 irrational exuberance, warning. Although the panacea will cause temporary economic dislocations, the medicine is far better than the resulting ailment, an asset bubble / crisis similar to the 2008 credit crisis / great recession. Despite assurances to the contrary by mainline pundits, the resulting economic fallout could ignite Great Depression like conditions or worse - listener's are advised to make preparations by stockpiling necessities and precious metals. The guest and host agree that economic forecasting is a challenging process; the best solution to uncertainty is building a balanced portfolio comprised of broadly diversified / competing asset classes, including the precious metals (Harry S. Dent Jr. Recommends at least 10%), cash, real estate, equities, bonds energy and commodities. Nevertheless, the guest offers a dire warning for real estate investors and stocks, anticipating at least a 20% decline in US equities.

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John Embry & Chris Waltzek - April 15, 2015.
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Summary:

John Embry, Chief Investment Strategist at Sprott Asset Management, returns to the show with his thoughts on the US dollar rally.
Policies in Japan are undermining the yen currency, while the crude oil price plunge has devalued the Canadian Loonie, making the US Greenback appear strong.
The resulting financial mirage is directing global money flows into US equities - an overvalued sector.
US corporate earnings appear overstated from a historical perspective due in part to irregular accounting methods.
John Embry does not expect stock prices to collapse until central bank officials resort to more hawkish monetary policies.
Gold remains the de facto antithesis of paper money.
Once gold reflects its true intrinsic value relative to the quadrillions of paper debt worldwide, the currency scheme will unravel at the seams.
Expect a new global currency system to emerge as investors shun the negative yields of debt / bonds in favor of dividend yielding gold / silver shares.
Bifurcated economic conditions in the US continues to expand, denoted by the overt divide between the haves and have nots.
Favorite gold mining companies include Agnico Eagle (AEM) and Goldcorp (GG), as well as two smaller companies outlined in the show.

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John Embry, Chief Investment Strategist at Sprott Asset Management, home of the Sprott Gold Miners ETF (SGDM) with over $100 million in assets, is watching the US dollar rally closely - with both eyes firmly fixed on events unfolding in the euro zone amid the Greek exit drama, as well as the weak yen and Canadian Loonie-currency. Policies in Japan are undermining the yen, while the crude oil price plunge has devalued the Canadian Loonie, making the US Greenback appear strong. The resulting financial mirage is directing global money flows into US equities, a sector that is wildly overvalued and due for a correction. In addition, corporate earnings appear vastly overstated from a historical perspective due in part to irregular accounting methods. However, John Embry does not expect stock prices to collapse until central bank officials resort to more hawkish monetary policies. Gold remains the de facto, antithesis of paper money - once the precious metals reflect their true intrinsic value relative to the quadrillions of paper debt worldwide, the currency scheme will unravel at the seams. Expect a new global currency system to emerge as investors shy away from debt / bonds earning negative yields in favor of gold / silver producers with sizable dividend payments. Moreover, bifurcated economic conditions in the US, denoted by the overt divide between the haves and have nots continues to grow, with the majority of households existing in near Dickensian-like conditions, living from paycheck to paycheck. The solution requires efforts beyond merely the moral suasion of elected officials. On the contrary, until accurate economic statistical standards are enforced, intentionally skewed numbers like the consumer price index (CPI) will continue to delude the masses. John Embry treats listener's to a few of his favorite gold mining companies, including Agnico Eagle (AGM) and Goldcorp(GG), plus two smaller stocks outlined in the show.
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James Turk & Chris Waltzek - April 10, 2015.
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Summary:

James Turk returns to the program with comments on Fed profligacy, which will eventually send the yellow metal into the stratosphere, already up 10% against the euro currency in 2015.
Expect safe haven buying in the euro zone to intensify, making precious metals investments once again the asset class du jour.
For the first time this century, the NY Fed's gold reserves recently dropped below 6,000 tons, hinting that officials are manipulating the market lower via covert gold sales.
US officials are making a strategic blunder of epic proportions by making China an economic foe - policy could be reversed to avert disaster while igniting significant synergies between the world's two largest economic superpowers.
China should be nurtured as a Panda ally, not a tiger rival.

Expect the dollar rally to fade, making the precious metals sector an attractive investment opportunity.

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James Turk, from GoldMoney.com, co-author of the bestseller, The Money Bubble, says the condition of the US Greenback remains tenuous, the current strength is due to hot money fleeing the negative interest rate environment in the EU, as evidenced by the multi-decade decline in global fiat currencies. Fed profligacy will eventually wrestle defeat from the jaws of victory, sending the yellow metal into the stratosphere, which is already up 10% against the euro currency in 2015. Expect safe haven buying in the euro zone to intensify, making precious metals investments once again the asset class du jour. For the first time this century, the NY Fed's gold reserves recently dropped below 6,000 tons, hinting that officials are manipulating the market lower via covert gold sales. According to Ambrose Evans-Pritchard of the UK Telegraph, US officials are making a strategic blunder of epic proportions by making China an economic foe - policy could be reversed to avert disaster while igniting significant synergies between the world's two largest economic superpowers. Put simply, China should be a Panda ally instead of a tiger rival. His economic forecast for 2015: expect the dollar rally to fade, making the precious metals sector an attractive investment opportunity.

John Williams & Chris Waltzek - April 9, 2014.

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Summary:

John Williams returns to Goldseek.com Radio with dire thoughts on the veracity of the official economic figures.
The domestic economy has not recovered - virtually every economic indicator remains stagnant since 2009.
According to the Wall Street Journal, the typical American household spends 62% merely to pay housing / grocery bills, an unsustainable burden
While corporations have recovered from the recession, the everyday consumer has not.
Without real income growth the largest component of the domestic economy, consumption (over 70%) could falter.
The US Dollar will likely reverse course, which will result with runaway inflation and hyperinflation.
The best defense is a good offense - only gold and silver investments can protect investors from the sea change event.
His 2015 economic forecast includes a sharp decrease in economic growth / output, causing Fed officials to further delay rate hikes.

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Leading alternative economist from ShadowStats.com, doubts the veracity of the official economic figures, noting that the domestic economy has not recovered as our officials contend. On the contrary, his analysis shows that virtually every economic indicator remains stagnant since 2009. He adds support to his thesis, via moribund consumer income levels, given the soaring cost of basic necessities. According to the Wall Street Journal, the typical American household spends 62% merely to pay housing / grocery bills, an unsustainable burden - reminiscent of serfs-like burdens in the feudal system. Therefore, while corporations have recovered from the recession, the everyday consumer has not. Without real income growth the largest component of the domestic economy, consumption (over 70%) could falter. The startlingly vertical ascent of the US Dollar will likely reverse course , in turn increasing inflation to the benefit of gold, silver, crude oil and commodities investors. His work indicates that a dollar collapse is imminent, which will result with runaway inflation and hyperinflation - only gold and silver investments can protect investors from the sea change event. His 2015 economic forecast includes a sharp decrease in economic growth / output, causing Fed officials to further delay rate hikes.

Listener's Q&A (10 Calls) - Chris Waltzek - April 7, 2015.

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Summary:

Amid increasing global-currency concerns, stockpiling several months of cash in a well-hidden, fire proof safe is advisable.

The ruble increased in value from 44,000 per ounce to 90,000 in 2014, currently at over 70,000 due to the crude oil plunge. The ruble fell so abruptly that gold doubled in value virtually overnight - the cost of goods and services blasted higher crushing the purchasing power of those without gold and silver insurance.

The central fund of Canada, a PMs ETF with equally weighted gold / silver holdings is located outside the US providing additional geographic diversification.

Caller George asks if the Fed is colluding to make the US dollar more attractive, particularly US Bonds, by forcing competing currencies like the euro into a negative interest rate environment.

Alpha stocks newsletter subscribers are offered a 10% dividend yielding gold ETF-alternative.

Caller John notes the Fed's massive mortgage backed security stockpile. The host concurs, citing how MBS rate-risks is an Achilles heal and likely why the Fed is so hesitant to initiate rate hikes.

Listener Vidya is concerned by the threat of a looming, global economic collapse. The host expects such a scenario to come to pass within 5-10 years, given that the BRICS nations are shunning the US dollar.

The global economic end game could involve a sudden collapse that will catch virtually every investor off guard, in turn catapulting the value of PMs, circa Europe in 1922, Venezuela, and Zimbabwe, etc.. Please record your questions and comments via our NEW hotline 24/7, you can leave your first name or remain anonymous if you prefer: Q&A Hotline: 1-206-666-5370.

Longtime listener Marcus recommends The Yarborough Group for home security and survival minded listeners. Caller Rick from Pennsylvania, notes Harry Dent’s comments on holding cash in reserves. Harry suggests using the dollar ETF, UUP, which tracks the US dollar closely. Holding several months of cash on hand is also advisable - in a hidden fire proof safe. In terms of gold the ruble increased from 44,000 per ounce to 90,000 near the end of last year - currently near 70,000, due to the crude oil plunge. The ruble fell so abruptly that an investment in gold doubled in value virtually overnight - the cost of goods and services blasted higher crushing the purchasing power of those without gold and silver insurance. Caller Jeff from Denver is curious about CEF, the central fund of Canada, a PMs ETF with half gold and half silver bullion holdings. CEF is located outside the US providing additional geographic diversification. Caller George asks if the Fed is colluding to make the US dollar more attractive, in particular the US treasury, by forcing competing currencies like the euro into a negative interest rate environment. With the official national unemployment rate around 5.5%, nearly half of the peak number, the massive QE spending and rate cuts must be unwound. What better time than now? The Fed’s balance-sheet chart as seen at the St. Louis Fed’s site is finally showing signs of slowing and even rolling over, which indicates that officials are putting the brakes on the economy. The host advocates diversification with subtle nuances, stemming from his PhD dissertation, substantiated via excel spreadsheets, Backtesting and forward testing. Caller John from Illinois discusses tax penalties associated with PMs investments. Alpha stocks newsletter subscribers are offered a 10% dividend yielding gold ETF alternative. A targeted individual (TI) caller applauds the host's efforts on behalf of the TI community. Caller John note's the Fed's massive Fed MBS numbers. The host concurs, citing how MBS rate-risk is an Achilles heal and a primary reason why the Fed is so hesitant to pull the trigger on rate hikes - higher could jeopardize the value of their balance sheet, as well as the treasury debt, as bond value is negatively correlated to rates. Vidya is concerned by the threat of a looming, global economic collapse. The host expects such a scenario to come to pass within 5-10 years in the global economy, particularly given the rush away from US dollars by the BRICS nations. The global economic end game could involve a sudden collapse that will catch virtually everyone off guard, in turn catapulting the value of PMs, circa Europe in 1922, Venezuela, and Zimbabwe, etc.. Please call in your questions and comments via our NEW hotline 24/7, you can leave your first name or remain anonymous if you prefer: Q&A Hotline: 1-206-666-5370.

 

Bob Hoye & Chris Waltzek - April 2, 2015.
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Summary:

Bob Hoye, returns from a 2 week speaking engagement in Asia / Singapore with key market insights.
The US dollar has entered a new bull trend relative to most competing currencies.
Millions of investors are accumulating gold and silver as portfolio insurance, as well as a defiant gesture against government profligacy.
The PMs mining sector will likely present bargain opportunities, benefiting from significantly lower energy expenses.

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Bob Hoye, senior Investment strategist at Institutional Advisors, returns from a 2 week speaking engagement in Asia / Singapore with key market insights. His work indicates that the US dollar has entered a new bull trend relative to most competing currencies, worldwide. Millions of investors are buying gold and silver not only as portfolio insurance, but as a defiant gesture against government profligacy. The PMs mining sector will likely present bargain opportunities - gold producers will benefit from significantly lower energy related expenses.

Dr. Chris Martenson & Chris Waltzek - April 1, 2015.
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Summary:

Dr. Martenson from PeakProsperity.com says central bankers and their Fed colleagues cannot print prosperity.

Despite unprecedented, negative interest-rate policies, global growth remains lackluster.

Expect residential housing prices to return to the mean, falling back in line with historical precedents (Case-Shiller Housing Index).

He likes crude oil investments as a long term bet on global hostilities.

When deflation takes hold, gold is the only unencumbered asset that will offer protection from institutional defaults and liens.

The insatiable appetite for gold in China continues to make the yellow metal an ideal investment.

Dr. Martenson from PeakProsperity.com says despite their Herculean efforts, central bankers and their Fed colleagues cannot print prosperity. Despite unprecedented, negative interest-rate monetary policies, global growth remains lackluster. Dr. Martenson differentiates between good / bad debt - good debt increases productivity while bad debt decreases living standards. Our guest thinks a residential home is not a traditional asset as it fails to generate returns (no dividend / interest) except when rented. Therefore, expect residential housing prices to return to the mean, falling back in line with historical precedents (Case-Shiller Housing Index). In addition, each 1% increase in rates lowers housing affordability by 10%. Since rates are expected to climb over the next few years, demand could subsequently decrease at an exponential pace, resulting with plummeting house prices across the board. Geopolitical tensions remain high - the US may be inflaming tensions via training exercises in Ukraine. He likes crude oil investments as a long term bet on global hostilities. The Dr.'s work shows that commodities prices are declining, suggesting that deflation is winning over inflationary forces, making oil investments particularly appropriate, such as shale producers. When deflation takes hold, gold is the only unencumbered asset that will offer protection from institutional defaults and liens. In addition, the insatiable appetite for gold in China continues to make the yellow metal the ideal investment life jacket in a perilous ocean of paper assets.

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Martin Armstrong & Chris Waltzek - March 20, 2015.

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Summary:

Economist Martin Armstrong of Armstrong Economics is the subject of a new controversial documentary The Forecaster.

Our guest compares the economic carnage in the EU to the fallout in Detroit, a once vibrant showcase of capitalism.

The dollar has considerable upside amid global deflation, as the US is viewed as the least sick patient in the economic ward.

Gold is the ultimate hedge against government risk - the bull market will resume when investors lose faith in their governments.

His cyclical models indicate that gold will regain upward momentum in October 2015, coinciding with a stock market cycle zenith.

He expects the Fed to raise interest rates into 2017, without negatively impacting stock market performance.

His models predict the Dow Jones Industrials average with a median target of 23,000 and an outside chance of 35,000-40,000 as retail investors reenter the market circa 2000.

Economist Martin Armstrong of Armstrong Economics is the subject of a new controversial documentary The Forecaster, which is sold out in theaters across Europe and débuts next week in L.A. and NY, NY. The guest compares the economic carnage in the EU to the fallout in Detroit, a once vibrant showcase of capitalism. Nonetheless, the dollar has considerable upside amid global deflation, as the US is viewed as the least sick patient in the economic ward, making the currency the go to safe haven. Gold is the ultimate hedge against government risk - the bull market will resume when investors lose faith in their governments. His cyclical models indicate that gold will regain upward momentum in October 2015, when his model predicts a stock market cycle zenith. He expects the Fed to raise interest rates into 2017, without negatively impacting stock market performance. For the time being, cash is king - expect further deflation and a potential vertical ascent in the Dow Jones Industrials average with a median target of 23,000 and an outside chance of 35,000-40,000 as retail investors reenter the market circa 2000.

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' Louis Navellier & Chris Waltzek - March 18, 2015.

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Summary:

Louis Navellier's investment funds continue to top the Wall Street Journal profitability charts in 2014 - 2015.

The strong US dollar is erasing profits of multinationals.

Such conditions are merely temporary blips amid an ongoing equities bull market.

Three months of negative retail sales are exacerbating national deflation, which is impacting Fed policy

Fed officials cannot afford to raise rates this summer, the resulting economic carnage would be too costly.

Instead, expect dollar strength to continue, ramping up deflation.

The guest shares favorite stock holdings, including Lowes (LOW).

Gold was the best performing commodity last year.

Central banks continue to add the yellow metal to their stockpiles at a record clip.

Increasing gold and platinum allocation is advisable.

Louis Navellier's investment funds continue to top the Wall Street Journal profitability charts in 2014 - 2015. He says the strong US dollar is erasing profits of multinationals, leading to lackluster corporate earnings results. However, such conditions are merely temporary blips amid an ongoing bull market that should continue much higher, as stocks yield considerably more than most savings instruments in the low interest rate environment. Three months of negative retail sales are exacerbating national deflation, which is impacting Fed policy - 19% of new sovereign debt carries a negative yield, worldwide. According to Louis Navellier, Fed officials cannot afford to raise rates this summer, the resulting economic carnage would be too costly. Instead, expect dollar strength to continue, ramping up deflation. Although deflation portends lower prices for goods and services, a positive for most people, the more insidious side of deflation is increased job losses. The guest shares favorite stock holdings, including Lowes (LOW). Gold was the best performing commodity last year - central banks continue to add the yellow metal to their stockpiles at a record clip. Louis Navellier suggests adding gold and platinum as key portfolio components, upping the allocation percentage due to increased market volatility-risk.

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Jeffrey Nichols & Chris Waltzek - March 12, 2015.

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Summary:
Goldseek.com Radio welcomes Jeffrey Nichols in his debut appearance on the show.
Economist Jeffrey Nichols recommends that every investment portfolio includes an allocation of at least 5%-10% in precious metals.
Physical bullion demand continues to rise, representing a disconnect, particularly in Asia, where demand is in excess of 1000 tons (29 million troy ounces).
Once the threat of central bank rate hikes passes, expect gold to soar several fold above current levels.
US equities are wildly overvalued - eventually investors will reallocate share profits into gold and silver bullion and related equities.

Economist Jeffrey Nichols from Rosland Capital and American Precious metals Advisors recommends that every investment portfolio includes an allocation of at least 5%-10% in precious metals. A key reason why the gold sector has lost some luster over the past 3 years is due to gold securities selling, as hedge funds with deep pockets speculate against gold. Nevertheless, physical bullion demand continues to rise at the same time, representing a disconnect, particularly in Asia, where demand is in excess of 1000 tons (29 million troy ounces). Once the threat of central bank rate hikes passes, expect gold to soar several fold above current levels. The guest agrees that US equities are wildly overvalued - eventually investors will reallocate share profits into gold and silver bullion and related equities.

Marin Aleksov & Chris Waltzek - March 11, 2015.

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Summary:
Goldseek.com Radio welcomes Marin Aleksov in his debut appearance on the show.
Thanks in no small part to the repeal of the the Glass-Steagall Act and related financial fail-safes, Pandora's box is fully ajar, economic misery is imminent.
Some executives succumbed to the lure of exorbitant bonuses, choosing profits to the detriment of investors.
Marin Aleksov likens precious metals exposure to home insurance.
The 3 year downturn has created a risk / reward situation that favors gold over most competing assets.
Mr. Aleksov visited Hong Kong, noting long lines of gold investors, waiting for an opportunity to procure the vital bullion insurance plan.
Most of the 35 million visitors from China consider a gold purchase.
Nevertheless only 10%-20% of the entire populace has access to gold, increasing future demand prospects.
He expects the Grexit (Greek exit from EU) to get out of hand, potentially leading next to an exit by Spain, making gold essential portfolio insurance.
Goldseek.com Radio welcomes Marin Aleksov in his debut appearance on the show. Thanks in no small part to the repeal of the the Glass-Steagall Act and related financial fail-safes, Pandora's box is fully ajar, economic misery imminent. Some financial executives succumbed to enticements, choosing to chase exorbitant profits to the detriment of investors. Marin Aleksov likens precious metals exposure to home insurance. The 3 year downturn has created a risk / reward situation that favors gold over most competing assets. Mr. Aleksov visited Hong Kong, noting long lines of gold investors, waiting for an opportunity to procure the vital bullion insurance plan. Most of the 35 million visitors from China consider a gold purchase. Nevertheless only 10%-20% of the entire populace has access to gold, increasing future demand prospects. He expects the Grexit (Greek exit from EU) to get out of hand, setting up a domino effect throughout the peripheral nations, potentially leading next to an exit by Spain, in turn making bullion an essential portfolio component.

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Louise Yamada & Chris Waltzek - March 5, 2015.
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Summary:

Goldseek.com Radio is honored to welcome Louise Yamada in her debut appearance on the show.
The highly respected market maven correctly predicted the equities bull market.
Unlike the stock market price-zenith of 2000, this time share valuations are reasonable - the market is behaving in a more orderly fashion, suggestive of further upside potential.
Although US stocks appear to be in a primary uptrend, several laggard sectors suggest that at least a 5% pullback could provide the pause necessary to initiate the next leg higher.
The greenback bull run may be only in it's infancy - odds favor a multi-year advance.
Goldseek.com Radio is honored to welcome Louise Yamada in her debut appearance on the show. The highly respected market maven correctly predicted the equities bull market, several years in advance. Unlike the stock market price-zenith of 2000, this time share valuations are reasonable (with few 120 PE ratios), the market is behaving in a more orderly fashion, suggestive of further upside potential. Although US stocks appear to be in a primary uptrend, several laggard sectors suggest that at least a 5% pullback may facilitate the pause necessary to initiate the next leg higher. Louise Yamada and her colleagues continue to monitor the US dollar rally closely - the bull run may be only in it's infancy, with considerably further upside potential. Our guest outlines key reasons why every investor must adhere to market trends, the hallmark of supply and demand dynamics, otherwise face the perils of merciless market forces.

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Dr. Marc Faber & Chris Waltzek - March 4, 2015.
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Summary:
China boasts the most trading partners of any nation (124).
Dr. Faber believes the PBoC may have accumulated thousands of tons of gold bullion reserves, in anticipation of a gold backed Yuan / renminbi.
The modus operandi includes the gradual weakening of the Yuan, to the benefit of the manufacturing and exporting sectors, followed by the introduction of a gold-backed currency.
The resulting Yuan devaluation will be offset by the increased value of the massive PBoC gold stockpile.
The theme of corporate share-buyback announcements is emblematic of an equities market bubble.
Dr. Faber expects emerging market equities to outperform US shares, presenting an opportunity for wise investors to reap rewards via foreign shares.
Diversification is the ideal panacea for market uncertainty / volatility.
Dr. Faber distributes his funds among cash, real estate, stocks, bonds and precious metals (25%).
Eventually, precious metals holders could be vilified for their windfall profits and targeted by unscrupulous officials.
Therefore, it is advisable to relocate gold investments to safe havens located in Asia.

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Dr. Faber believes the PBoC may have accumulated thousands of tons of gold bullion reserves, many fold the official figure, in anticipation of a gold backed Yuan / renminbi. China boasts the most trading partners of any nation, 124, making a sound and readily acceptable currency, an essential ingredient for global expansion. The modus operandi includes a gradual weakening of the Yuan, to the benefit of the manufacturing and exporting sectors, followed by the introduction of a gold backed currency. En passant, the Yuan devaluation will be offset by the increased value of the massive PBoC gold stockpile. Although the domestic equities market has performed exceptionally well in the wake of the 2008 credit crisis, shares have reached frothy levels. Dr. Faber expects emerging markets to outperform US equities, presenting an opportunity for wise investors to reap rewards via foreign shares. The trend of domestic corporate share buybacks is emblematic of an equities market bubble. Diversification is the ideal remedy for market uncertainty / volatility. Dr. Faber distributes his funds among cash, real estate, stocks, bonds and precious metals (25%). Eventually, investors could be vilified for their gold investment related, windfall profits, becoming the target of officials, burdened by sagging tax revenues and unpayable debts. Therefore, it is advisable to relocate gold investments in safe havens located in Asia, outside the jurisdiction of potentially unscrupulous officials.

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Peter Grandich & Chris Waltzek - February 26, 2015.
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Summary:

According to Peter Grandich every investor needs a financial bug-out plan.
This week's Congressional meeting did little to restore Fed transparency.
It's time to pull the curtain back at the Fed; gold stockpiles require a third party investigation.
When the truth becomes widely known that the gold reserves have likely been rehypothecated into extinction, the repercussions could be intense, rocking the foundations of the global financial markets.
Thanks to decades of fiscal irresponsibility, the Fed has been forced to shoulder the full responsibility, an impossible task over the long-term.
The currency war now includes a race to debase the national currency before the neighbors, to stimulate economic output and postpone the inevitable day of reckoning.
In the next financial crisis, few life rafts / boats will be available.
Peter points to former Fed Chief, Dr. Greenspan's quote from an article in the Wall Street Journal (2014), "Gold is currency... No fiat currency, including the dollar, can match it."

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According to Peter Grandich every investor needs a financial bug-out alternative to paper currencies. This week's Congressional meeting did little to restore Fed transparency; it's time to pull the curtain back at the Fed; the national gold stockpiles at Fort Knox, West Point and the NY Fed, require a third party investigation, after all it is We the people's. When the truth becomes widely known that the gold reserves have likely been rehypothecated into extinction, the repercussions could be intense, rocking the foundations of the global financial markets. Thanks to decades of fiscal irresponsibility, the Fed has been forced to shoulder the full responsibility, an impossible task over the long-term. The currency war now includes a race to devalue national currencies before neighboring countries follow suit, to stimulate economic output and postpone the inevitable day of reckoning. Nonetheless, the economic battleship is slow to shift course - eventually the interest rate war games will backfire. Case in point, an article this week illustrated the struggle with rising prices levels in Japan, amid the fallout of central bank profligacy. If history holds true in the next financial drama, few life rafts / boats will be available making timely financial contingencies a top priority for every investor. For those who remain unconvinced, Peter Grandich points to Alan Greenspan's quote from an article in an October issue of the Wall Street Journal (2014), "Gold is currency... No fiat currency, including the dollar, can match it."

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Bob Hoye & Chris Waltzek - February 25, 2015.
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Summary:

Bob Hoye views QE operations with a weary eye - noting the 95% loss in purchasing power.
Central banking profligacy has sparked a speculative fervor / mania.
The resulting financial bubble is approaching or at a zenith, circa 2007.
Gold has found a firm footing; a rally is imminent.
A 5-10% portfolio position in the yellow metal is advisable.
Market weakness is an opportunity to accumulate junior shares, particularly those with relatively robust earnings prospects.

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Bob Hoye, senior Investment strategist at Institutional Advisors, views the longest running, 100 year old monetary experiment, i.e., the Federal Reserve system in a weary eye - noting how the system presided over a dozen recessions, resulting with a loss of 95% in purchasing power. Central banking profligacy has sparked a speculative fervor / mania by money mangers. The resulting financial bubble is approaching or at a zenith, circa 2007. Nevertheless, lax monetary standards is the primary support under the equities market. Gold has found a firm footing; a rally is imminent and every investor is advised to hold 5-10% in the yellow metal as an insurance plan. Given that gold / silver equities are outperforming bullion, he's advising clients to use market weakness as an opportunity to accumulate junior shares particularly those with relatively robust earnings prospects. Nevertheless, since market prediction has a spotty track record, until the trend improves caution is advisable.

Arch Crawford & Chris Waltzek - February 19, 2015.

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Summary:

Arch Crawford says years that end in 5, i.e. 2015 have typically coincided with the best equities market performances.

The working group on markets is coordinating the markets with the Fed, US Treasury and key investment banks.

Arch remains a long-term gold bull, underscoring the importance for every household to maintain a gold and silver portfolio-insurance plan.

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From his new office in the Sonoran desert - Arizona, Arch Crawford, head of Crawford Perspectives, rejoins the show following a two year hiatus. Arch fuses statistical analysis with unconventional prognostication techniques; he finds that years which end in 5, i.e. 2015, have typically coincided with the best equities market performances in the Dow Jones Industrials' 117 year history, while years ending in 9 & 0 have the worst statistical track record. Nevertheless, his enthusiasm is constrained by the fact that the first five days of the new year were lower signifying challenging times ahead for investors. The working group on markets is coordinating the markets with the Fed, US Treasury and key investment banks. Arch remains a long-term gold bull, underscoring the importance for every household to maintain a gold and silver, portfolio insurance plan.

 

Peter Schiff & Chris Waltzek - February 18, 2015.

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Summary:

Peter Schiff outlines the latest Greek exit story; officials rejected the EU bailout this week.

Only two weeks remain until the existing bailout program expires.

The impasse exposes the debt-laden nation to default.

Ironically, the weakest nation in the EU was once the textbook example of currency stability via the silver drachma.

Separation from the EU could induce intense economic / sociological dislocations.

The moral hazard resulting from caving to demands for endless bailouts is intense facilitating a bottomless pit, devouring capital in the heart of the EU.

Eventually Greece could emerge as a more sound and vibrant economy.

ECB ministers are insuring that the economic epidemic is contained, shielding the EU from a systemic infection of over $25 trillion dollars in euro-currency sensitive derivatives-exposure.

Peter Schiff makes the bold claim that the US is as insolvent as Greece.

Fed officials will be compelled to restart QE operations indefinitely to forestall the purportedly imminent benchmark rate hike.

As a result, the working and middle classes will bear the brunt of the economic burden, vis-à-vis unnecessarily inflated prices for homes, groceries and related expenses.

Peter expects gold to outperform the equities indexes in 2015, as investors accumulate metals amid worsening domestic unemployment.

In particular, gold and silver mining companies represent solid values relative to shares in competing sectors.

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On the phone from his vacation home in Puerto Rico, the head of Schiff Gold, Euro Pacific Capital; Euro Pacific Gold Fund (EPGFX), and the host discuss the latest Greek exit story; last Friday EU finance ministers failed to reach an amicable solution in negotiations between Greece and its creditors. This week, Greek officials rejected the proposed EU bailout designed to assuage nervous creditors. Only two weeks remain until the existing bailout program expires. Without further funding, the impasse exposes the debt-laden nation to default. The discussion includes speculation regarding the Grexit and a return to the traditional Drachma currency. Ironically, the weakest nation in the EU was once the textbook example of currency stability via the silver drachma, the benchmark for numerous silver backed currencies, including the Pound Sterling and the original US Dollar. Separation from the EU could induce intense economic / sociological dislocations. The moral hazard resulting from caving to demands for endless bailouts is intense, creating a bottomless pit, devouring capital in the heart of the EU. Nevertheless, eventually Greece could emerge as a more sound and vibrant economy. Unlike the their Fed counterparts, ECB ministers are insuring that the economic epidemic remains localized, shielding the EU from a systemic infection of over $25 trillion dollars in euro currency sensitive derivatives exposure. The plot thickens as Peter Schiff makes the bold claim that the US is as insolvent as Greece; merely a Fed slight of hand is keeping the currency Ponzi scheme in play. Fed officials will be compelled to restart QE operations indefinitely to forestall the purportedly imminent benchmark rate hike. As a result, the working and middle classes will bear the brunt of the economic burden, vis-à-vis unnecessarily inflated home, grocery and related expenses. Peter expects gold to outperform the equities indexes in 2015, as investors accumulate metals amid worsening domestic unemployment.

 

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