Monday, January 17, 2022

National Debt Too High, Silver Price Too Low – Gary Christenson

by Gary Christenson, Sprott Money:
Silver currently sells around $16, which would be sensible if the U.S. national debt was much less than its current $20 trillion.

Given the massive national debt and 100 years of experience, silver prices could easily be double or triple their current prices, and far higher in a panic.

WHY?

Examine over a century of official national debt data graphed on a log scale. Official debt in 1913 was $3 billion. Since then it has risen 8{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} to 9{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} every year to reach $20 trillion or $20,000 billion. Debt will continue rising as long as politicians spend and bankers lend.

Proof: Name the Senators, Representatives, Presidents, military contractors, pharmaceutical companies, and Medicare recipients who wish to see the government reduce expenses.

Another Visit With Keith Neumeyer

by Turd Ferguson, TF Metals Report:
With silver prices falling and now near their lows for all of 2017, what a great time to check in once again with Keith Neumeyer, CEO and President of First Majestic Silver as well as Chairman of First Mining Finance.

As most know, Keith is a staunch advocate for our cause. Whenever he’s given a chance, he “calls a spade, a spade” and deplores the level of manipulation and price management within the silver space. As the CEO of one of the largest primary silver miners on the planet, Keith’s leadership on this subject is extraordinarily valuable and important.

To that end, this discussion begins with a review of current events, in particular the “silver flash crash” of July 6. From there, we discuss the global silver market and the impact of low prices upon the miners, especially in the context of all-in, sustaining costs. Next, we discuss conditions as First Majestic and we close with a detailed review of the portfolio of First Mining Finance and an update on some of their most promising assets.

I hope you enjoy this audio. You’ll likely find it very helpful and informative and we thank Keith for once again sharing some of his valuable time with us last week.

Click HERE to Listen

Stocks and Precious Metals Charts – The Calm Before the Storm

from Jesse’s Café Américain:
“In truth, however, nothing is inevitable and very little is new. And tech is no more the root of the problem than are trade or globalization. Many of our most vaunted innovations are simply methods — electronic or otherwise — of pulling off some age-old profit-maximizing maneuver by new and unregulated means.”

Thomas Frank

“It is my purpose, as one who lived and acted in these days, first to show how easily the tragedy of the Second World War could have been prevented; how the malice of the wicked was reinforced by the weakness of the virtuous.”

Audioblog #201-Ding Dong, The Fed-And With It, The Precious Metal “Bear Market”-Is Dead

by Andrew Hoffman, Miles Franklin:
For 27 years the staff at Miles Franklin has delivered excellence in many ways – knowledge, relationships, product offers and customer service. They understand the macro/micro economics and geo–political advantages to investing in precious metals to protect your wealth. The team at Miles Franklin build life-long relationships because they custom-tailor solutions for investing in precious metals to meet each individual’s needs and circumstances. Our brokers have or can acquire most any type of precious metal from anywhere in the world. Each and every order is managed and monitored from start to finish. We are licensed, bonded, and carry an A+ BBB rating.

Click HERE to Listen

Stocks and Precious Metals Charts – I Shall Not Want

from Jesse’s Café Américain:
“Teach me your way, Lord,
that I may rely on your faithfulness;
give me an undivided heart,
that I may fear your name.
I will praise you, Lord my God, with all my heart;
I will glorify your name forever.
For great is your love towards me;
you have delivered me from the depths
and the realm of the dead.”

Psalm 86:11-13

“I see dead people. They don’t know that they are dead. Walking around like regular people. They don’t see each other. They only see what they want to see. They don’t know they’re dead. I see them all the time—  they are everywhere;  they only see what they want to see.”

Exclusive Interview with Axel Merk on Diversifying with Gold & Cash

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by Mike Gleason, Money Metals:
Coming up we’ll hear from Axel Merk, President and Chief Investment Officer of Merk Investments and manager of the Merk Funds. Axel breaks down investor complacency, the risk of putting too much money into risk assets and gives advice on the proper weighting of precious metals in your own portfolio. Don’t miss a sensational interview with Axel Merk, coming up after this week’s market update.

Precious metals markets saw a bit of a relief rally this week off deeply depressed sentiment. The silver futures markets entered trading Monday with a record high in non-commercial speculative short positions. That’s often a contrarian indicator which suggests bearish sentiment has gotten excessive.

The extreme silver short position doesn’t necessarily mean a major bottom in silver prices is in. But it does indicate that a rally of at least some significance is likely to unfold soon.

Click HERE to Listen

COT Report Gets Even More Favorable For Gold And Silver

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by John Rubino, Dollar Collapse:
Just a quick, happy update on the gold/silver COT reports. See last week’s post for a little more background.

Speculators are running scared in the paper precious metals markets. And that’s a good thing.

The past few months’ correction has finally led hedge funds and other technical/momentum traders to shed their long positions and load up on short bets. Meanwhile the Commercials, which tend to be right at big turning points, are becoming much more bullish.

Historically, the kind of internal structure now evolving in the futures market has signaled the start of a new upswing in prices. That may or may not hold this time around. But if it’s not a screaming buy, it is an indication that that day is getting closer.

July 14, 2017 – Weekly Wrap-Up with Eric Sprott

from Sprott Money:
This week, Eric Sprott discusses the latest economic news and the impact this has on gold and silver prices.

Our Ask The Expert interviewer Craig Hemke began his career in financial services in 1990 but retired in 2008 to focus on family and entrepreneurial opportunities. Since 2010, he has been the editor and publisher of the TF Metals Report found at TFMetalsReport.com, an online community for precious metal investors.

Click HERE to Listen