Our
guest is particularly keen on the prospects
of the silver market.
Regarding
Bitcoin (BTC), Peter Schiff notes, "...
it (Bitcoin) could grow to be the biggest
bubble in the history of the world..."
Bitcoin
and cryptos represent, "... an
indictment of the Euro and the Dollar...
BTC could run to $20,000 on FOMO or
fear of missing out."
Merely
1% own BTC, 3 million - the potential
for widespread adoption combined with
Metcalfe's Network Law.
Contrary
to naysayers, the true market bubble
is clearly US shares, implying much
higher BTC / PMs prices, well over $100,000
to even $1,000,000 per BTC.
The
host finds BTC mining comparable to
PMs mining, which also requires tremendous
energy expenditure, resulting in a unique
store of wealth.
BTC
continues to accumulate the brightest
engineers / developers and computer
ASIC / Sha-236 hashing power.
The
net result is an unrivaled digital,
peer-to-peer, monetary system, and an
unregulated miracle.
While
the guest finds BTC mining amid elevated
prices profitable, the host notes lower
prices effectively decrease mining difficulty
rates.
The
duo concur; everyone must procure PMs
insurance to guard against increasingly
ominous financial conditions, worldwide.
Peter
Schiff calls for $5,000-$10,000 per
ounce gold, similar to BTC which is
quickly approaching $15,000 (figure
1.1.).
The
topicality includes the importance of
cold storage for BTC and related Altcoins.
Goldseek
Radio is running a limited offer of
1 free BTC cold storage wallet for each
Annual Newsletter subscription, 2 for
5 years and 3 for 10 years.
One
of the key advantages of cold storage
is the convenient access to funds, independent
of broadband speed or PC / laptop issues.
New
subscribers receive their Ledger wallet
sent immediately directly from Amazon,
which reduces tedious blockchain download
delays while vastly improving security.
With
the holidays just around the corner, Dan Norcini,
a.k.a., Trader
Dan returns with his outlook on the commodities
sector.
He
follows the money flows to decipher investor
sentiment, such as the Carry-trade that involves
the USD/Yen.
When
the index is weak, sentiment is viewed as risk-on,
favoring gold and silver; when the USD/Yen index
is strong, the risk-off trade favors US equities.
The
accompanying chart indicates that investors
turned to gold in 2016 while avoiding US shares,
as the USD/JPY ratio declined.
The
theme reversed in 2017 as the USD/JPY firmed
(figure 1.1).
The
host notes that the relationship breaks down
out of sample, such as the 2008 credit crisis
(figure 1.2.).
Alternatively,
the 50 period MA in the weekly chart or 200
period MA in the daily chart on S&P yields
a nearly perfect relationship out of sample
(figure 1.3.).
In
addition, the Commitment of Traders report (COT)
offers clues by revealing the positions of the
big players.
Right
click above & "Save Target As..." to download.
To learn more about software needed to play
the above formats, please
visit the FAQ.
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Guest
Bios
Dan
Norcini
Trader
Dan
Dan
Norcini is a
professional
off-the-floor
commodities
trader bringing
more than 20
years experience
in the markets
to provide a
trader's insight
and commentary
on the price
action. His
editorial contributions
and supporting
technical analysis
charts cover
a broad range
of tradable
entities including
the precious
metals and foreign
exchange markets
as well as the
broader commodity
world. He is
a frequent contributor
to both Reuters
and Dow Jones
as a market
analyst for
the livestock
sector and can
be on occasion
be found as
a source in
the Wall Street
Journal's commodities
section as well
as CBS Marketwatch
where his views
on the gold
market can often
be found. He
is also an avid
beekeeper.
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."
Top Wall Street Chartered
Technical Analyst (CTA), Ralph Acampora of
Altaira
Wealth Management,revered
as "The Godfather of Technical Analysis,"
returns.
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Hedge Token CCO 
Bill
Murphy &
Chris Waltzek Ph.D. -
Andy Schectman & Chris
Waltzek Ph.D. - November 22nd, 2017.
