Jason Burack of Wall St for Main St interviewed first time guest, Senior Precious Metals Analyst at GoldSilver.com, Jeff Clark. Jeff was a former mining analyst and newsletter writer at Casey Research where he wrote the Big Gold investment newsletter.
Jeff writes a gold market newsletter for GoldSilver.com and his also writes articles for their blog https://goldsilver.com/blog/
Here's some of the questions and topics Jason asks Jeff about during this 30+ minute interview:
1) There was record physical gold withdrawals in November 2016 and February 2017 from the Shanghai Gold Exchange yet many mainstream gold organizations like the World Gold Council, GFMS, etc claim gold demand is weak. What's your take on demand for physical gold globally?
2) The gold to silver ratio is around 71. Do you think this means that silver is the better long term value relative to gold at this point?
3) I want to talk about the primary gold and silver mining industry. Do you think that in general the industry has done a good job at cutting costs in order to survive since gold hit $1900 and silver hit $48 in 2011 and a cyclical bear market started?
4) In December 2016, Bloomberg ran a story showing how primary gold miners are running out of economic gold reserves https://www.bloomberg.com/ news/articles/2016-12-21/gold- miners-are-running-out-of- metal-five-charts-explaining- why
Do you think the industry can replace reserves at current gold and silver prices or will gold and silver prices have to go substantially higher to maintain current production levels and also to replace mined/depleted reserves?
5) Can primary gold and silver miners significantly cut more costs without shutting down mines or going bankrupt?
6) The CEO of Franco Nevada recently said that it will almost be impossible for the gold mining industry to grow production beyond current production levels. Do you agree with him? https://www.bloomberg.com/ news/articles/2017-03-01/gold- miners-running-to-stand-still- after-cuts-franco-ceo-says
7) Large gold mining companies like Barrick Gold, Newmont Mining and Goldcorp have written off their proven and probable gold reserves since 2012. Reserves have declined to 61%, 62% and 69% of the 2012 heydays. Is the gold mining industry facing very difficult supply problems now and in the future?
Jason Burack of Wall St for Main St interviewed returning guest, best selling author, world traveler, international man, speculator & founder of Casey Research, https://www.caseyresearch.com/, Doug Casey.
Doug's newest book, and his first fiction book of a 7 part fiction book series, Speculator: High Ground, Book 1 is now available on audio book on Audible: http://www.audible.com/pd/Mysteries-T...
Doug Casey on the Politically Correct Movement: https://www.caseyresearch.com/article...
Find all of Doug Casey's investing books on Amazon: https://www.amazon.com/Doug-Casey/e/B...
During this 30+ minute interview, Jason starts off by asking Doug about President Trump and if Trump has done anything Doug has liked so far?
Doug talks about how and why so many people hate Trump leading to a long discussion about cultural Marxism and the politically correct movement in the US.
Jason also asks Doug about a global US Dollar shortage, stagflation coming and how to speculate on gold stocks.
Wall St for Main St welcomed back Jerry Robinson, who is an economist, investor, trend trader and Editor of Follow The Money.
If you interested in subscribing to Jerry's newsletter and trading system, go to http://ftmdaily.com/
What did we discussed?
1. Thoughts on the Federal Reserve rate hike and what it means for the market.
2. In depth look at the S& P 500 chart and what the trend is heading in the near term and why Jerry thinks this market has the same look and feeling to previous bubble in the market
3. Trading ideas on industries traders can short
4. Discussed Jerry's recent video on the biblical view on propaganda.
Jason Burack of Wall St for Main St interviewed returning guest, former Dallas Federal Reserve Bank insider, Wall St veteran, author and President of Money Strong, Danielle DiMartino Booth http://dimartinobooth.com/
Danielle's new book, Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America is available on Amazon https://www.amazon.com/Fed-Up-Insider... or on audio book on Audible http://www.audible.com/pd/Nonfiction/...
During this shortened interview due to time constraints, Jason asks Danielle about political bias at the Federal Reserve, as well as PhD Keynesian Economists clinging to broken models and being guilty of group think, hubris and confirmation bias.
Since Donald Trump won the 2016 election, Danielle thinks Janet Yellen and other members of the Federal Reserve have changed their minds about interest rate increases, further interventions and allowing asset prices like the stock market to fall. Danielle thinks a lot of this is politically motivated to limit President Trump to one term and also to get Democrats to win back Congressional seats from Republicans in upcoming elections in 2018.
Jason and Danielle also discuss auditing the Fed and how finding unbiased people to work in the Fed will be very difficult.
Jason Burack of Wall St for Main St interviewed returning guest, President of the Energy Prospectus Group http://energyprospectus.com/ for oil & natural gas investors, Dan Steffens. Dan has over 20 years experience working in the oil and gas industry.
Dan has produced many winning oil investments for growth investors and also for income investors.
During this 25+ minute interview, Jason start off by asking Dan if President Trump has done any pro oil or pro energy things in his 6 weeks in office?
Dan says it hasn't happened yet but Trump's corporate tax cuts will also benefit the oil and gas industry once they are implemented.
Next, Jason asks Dan about the inventory increases in gasoline in the US? Dan says it's not a sign of a massive supply glut and he points out how there's been absolutely enormous (hundreds of billions of dollars) in capex cuts for the oil industry to bring on new long lead time projects and find new oil reserves.
Jason also asks Dan about the margins of onshore independent oil producers like EOG Resources and what margin they have at current WTI prices?
Dan gives out some oil and natural gas stocks he likes with good valuations and also good growth and he offers Wall St for Main St listeners $100 off an Energy Prospectus Group membership and a free month's copy of his newsletter if they email him!
Jason Burack of Wall St for Main St and managing editor of The News Doctors and independent financial journalist, Eric Dubin are back for Episode #32 of Welcome to Dystopia.
In this episode Jason and Eric discuss how the bullion banks and other manipulators may be hitting precious metal shares harder than paper metals prices to create a divergence to spook out the big money trend traders and hedge funds from going long anything gold and silver.
Jason and Eric also discuss looming supply problems in terms of replacing reserves for precious metals miners and also how most miners are currently earning meager margins that are enough to not go bankrupt but also not enough to properly growth their business and adequately replace mined reserves. Eric says physical demand for gold out of China is much, much higher than mainstream gold analysts are reporting and we know this from reliable export data from Lindon/UK and Switzerland.
Jason and Eric also discuss during this episode stock market valuations, Danielle DiMartino Booth's new book, Fed Up, more evidence of inflation in the real economy as Costco raises membership fees 6% to offset rising costs and President Trump's first month plus in office as president.
1) 12 Current and former TSA workers involved in large cocaine smuggling ring into the continental US http://www.washingtonexaminer.com/doj-tsa-workers-smuggled-20-tons-of-cocaine-into-the-us/article/2614679
2) ATF involved in $20 million black market cigarette smuggling ring! http://www.breitbart.com/big-government/2017/02/23/atf-agents-smuggled-millions-dollars-cigarette-sales-secret-bank-account/
3) Radical, politicized Obama DOJ funneled billions (illegally) in corporate fines to Democratic party activist groups http://nation.foxnews.com/2017/03/02/obama-doj-funneled-billions-liberal-activist-groups
4) Spain starts charging & jailing its bankers for fraud & embezzlement! http://www.zerohedge.com/news/2017-02-27/former-imf-chief-sent-jail-spain-prosecutes-65-elite-bankers-enormous-corruption-sca
Wall St For Main St welcomed back Kathy Fettke, who is a real estate investor and Co-Founder of Real Wealth Network.
For more information about the Real Wealth Network, go to http://realwealthnetwork.com/
What did we discussed?
1. Why the commercial real estate is about to go through hard times?
2. How the raising interest rate will effect the housing market? Will it scare away buyers or entice them to buy before it goes up even further?
3. How has is the real estate market now compared to a decade ago?
4. Discuss the current state of the real estate in California
5. Is buying a home still a good investment or is it now considered a lifestyle choice?
6. Advice for first time home buyers.
Jason Burack of Wall St for Main St interviewed first time guest, Chief Market Analyst with the Lindsey Group and Editor of the Boock Report newsletter, Peter Boockvar https://boockreport.com/.
Peter's Bio: https://boockreport.com/about/, http://www.thelindseygroup.com/bios/
Peter is the Chief Market Analyst with The Lindsey Group, a macro economic and market research firm. • He is Co-CIO at Bookmark Advisors and a regular CNBC Contributor. Previously he was as a macro analyst and portfolio manager at Omega Advisors, a New York hedge fund.
Each day The Boock Report provides summaries and commentary on all the macro data and news that matters for your investments. Additionally I give broader analysis of what it all means and how it fits together with exclusive podcasts and video updates.
During this 25+ minute interview Jason asks Peter if he thinks President Trump wants a strong US Dollar relative to other currencies?
Peter thinks there's conflicting messages and policies coming from Trump and his cabinet/advisors. Peter and Jason discuss whether the Federal Reserve will raise rates in 2017 and if this combined with potential tariffs on imported goods into the US will create worsening stagflation in the real economy.
Jason also asks Peter about current stock market valuations, a global US Dollar shortage, growing currency and asset price volatility and whether any central bank can realistically reduce the size of their balance sheet in a significant way?
Wall St for Main St welcomed back David Morgan, who is the editor of The Morgan Report.
For more information on The Morgan Report, go to http://www.themorganreport.com/
For more information on Lemuria Royalties, go to http://lemuriaroyalties.com/
What did we talk about?
1. The divergence between the gold/silver stocks and the hard asset prices.
2. The margins for the precious metals stocks and how it has improved.
3. How to capital market for gold/silver mining stocks has improved and what it means going forward.
4. How much affect Trump is having on the recent market surge? Is Wall St buying into his economic nationalist and supply side policies?