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Wall St For Main St

Wall St for Main St is a start up investor education, financial education, research and consulting company. We provide alternative financial information, research, education and consulting to Main Street investors using uncommon wisdom like the Austrian School of Economics. Our goal is teaching people how to fish for themselves instead of trusting their financial adviser for everything. We interview top investors, traders, money managers, financial commentators, economic experts, authors, CEOs and newsletter writers from around the world to discuss the latest events in the global economy and financial markets.
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Now displaying: Category: commodities
Dec 23, 2015
 Steve St. Angelo: Shale Oil Giant Ponzi? Peak Silver Approaching?


During this 40+ minute interview, Jason asks Steve about his recent article about how the Shale oil industry in the US is collapsing.

Jason and Steve talk about the oil markets and how many higher cost shale oil producers have been able to delay bankruptcy.

Steve calls shale oil a "Giant Ponzi scheme."

Steve is predicting US oil production will collapse in the next few years unless the oil price goes much higher. He also says global consumers cannot afford oil prices above $70/barrel.

Next, Jason asks Steve about the gold and silver mining industries. Steve agrees with Jason that at least half the primary gold and silver miners would be bankrupt already if oil prices hadn't collapsed helping to cut costs or if gold and silver weren't much higher in currencies other than the US Dollar.

Steve thinks silver miners are a great speculative investment considering how cheap they are.

To wrap up the interview, Jason and Steve discuss the supply/demand fundamentals for gold & silver.

Steve thinks a lot of silver mine supply from base metal producers that produce silver as a byproduct will come offline soon as copper and base metals continue to collapse.

Nov 20, 2015
Rob Kirby: Financial System Totally Criminal

Jason Burack of Wall St for Main St had on returning guest, derivatives expert, precious metals expert and longtime veteran of the financial industry, Rob Kirby of Kirby Analytics http://www.kirbyanalytics.com/

During this 45+ minute interview, Jason asks Rob about interest rates and if Janet Yellen and the Federal Reserve can raise them?

Rob thinks at most there will be 1-2 token interest rate increases of 25 basis points and those are by no means guaranteed, before the Federal Reserve has to reverse course and lower interest rates as close to zero as possible across the entire yield curve.

Rob then talks about how interest rate swaps affect the Fed's ability to raise rates. Jason brings up a recent Bloomberg article how Wall St banks are offering discounted interest rate swaps to attract people to buy them. http://www.bloomberg.com/news/article...

Jason then asks Rob if there will be bail ins to force Americans to put their savings into US Treasury bonds?

To wrap up the interview, Jason and Rob talk about the gold and silver markets.

Rob thinks the paper leverage ratios on COMEX/LBMA are 100% not sustainable and they will blow up in the near future especially as more and more mines come offline or miners go bankrupt.

Nov 11, 2015

Bill Holter writes and is partnered with Jim Sinclair at the newly formed Holter/Sinclair collaboration. Prior, he wrote for Miles Franklin from 2012-15. Bill worked as a retail stockbroker for 23 years, including 12 as a branch manager at A.G. Edwards. He left Wall Street in late 2006 to avoid potential liabilities related to management of paper assets as he foresaw the Great Financial crisis coming. In retirement he and his family moved to Costa Rica where he lived until 2011 when he moved back to the United States. He was a well-known contributor to the Gold Anti-Trust Action Committee (GATA) commentaries from 2007-present. Bill has retained a working relationship with Miles Franklin and can help with any of your precious metals needs including storage.

During this 25+ minute interview Jason asks Bill about the inflation/deflation debate. Jason and Bill talk about how the mainstream media and experts like Harry Dent talk non stop about deflation while people's grocery bills, healthcare bills and asset prices have soared higher.

To wrap up the interview, Jason asks Bill why Russia and China haven't pulled the plug yet on the US Dollar as the sole WRC?

Bill says it's very simple. As long as China can continue to accumulate undervalued gold from the US and the West they will allow the current system to keep going.

Oct 26, 2015
Eric Sprott: Copper/Base Metals Bust Will Exacerbate Silver Supply Problems

Jason Burack of Wall St for Main St interviewed returning guest, Chairman of the Board of Directors of the Sprott group of companies http://sprottinc.com/, Eric Sprott. Eric is a successful investor and has over 40 years of experience in the investment industry and has managed client funds for 37 years.

During this 25+ minute interview, Jason asks Eric why does Wall St still give the Federal Reserve any credibility?

Eric says no central bank should have any credibility left after all the artificial booms and busts the last few decades all over the globe.

Eric blames the Keynesian mindset of many market participants for letting the status quo continue.

Next, Jason asks Eric about the recent elections in Canada and if the results of those elections means higher taxes on Canadian oil companies and Canadian mining companies?

Eric says it would be crazy for Canadian politicians to raise taxes on their resource companies during a long, painful bear market.

Jason then asks Eric about weaker commodity currencies and the currencies of developing countries and how they affect mining companies that owe debt in US Dollars?

Eric thinks miners are working hard to cut costs and the ones without too much debt or without any debt should survive as the cycle turns.


Finally, to wrap up the interview, Jason asks Eric why China, Russia, BRICs and the other G20 developing countries haven't pulled the plug yet on the US as sole WRC in the global financial system?

Eric says Russia and China want to keep accumulating more cheap physical gold and now China is working with Sprott Inc on investing more heavily into gold companies and other resource companies.

Sep 12, 2015
Nolan Watson: Opportunity in Crisis w/ Miners' Debt Problems

Jason Burack of Wall St for Main St had on returning guest, Co-founder, President & CEO of Sandstorm Gold http://www.sandstormgold.com/, Nolan Watson. 

Here's Nolan's full bio: Mr. Watson co-founded Sandstorm in 2008, prior to which he served as the Chief Financial Officer of Silver Wheaton Corp. In that role, Mr. Watson developed the silver streaming business model and helped raise over US$1 billion in debt and equity to fund Silver Wheaton's growth. Mr. Watson is a Chartered Professional Accountant (Valedictorian), holds the designation of Chartered Financial Analyst and received a Bachelor of Commerce degree, with honours, from the University of British Columbia. He has won numerous awards for his professional and charitable achievements including the Early Achievement Award by the Institute of Chartered Accountants of British Columbia, Canada's Top 40 Under 40 award, CEO of the Year by Business In Vancouver and the Queen's Diamond Jubilee Medal. Mr. Watson also serves as the Chairman of the Audit Committee of the board of Bear Creek Mining Corp. and as a director of TrueGold Mining Inc.

During this 25+ minute interview, Jason asks Nolan about the dangers of trying to use debt to do new deals. Nolan talks about counter party risk with miners and how many miners took on way too much debt to bring very high cost mines online when gold and silver prices were way higher. 

Jason and Nolan discuss the gold mining industry at length and how well miners have cut costs, if they need to cut more costs to survive and if the miners can return to profitability anytime soon. 

Jason asks Nolan many questions about the gold mining industry and the current and future plans for Sandstorm Gold. 

This is a must listen if you own gold mining or silver mining shares, shares of gold and silver royalty and streaming companies or are thinking about doing so in the future! 

Aug 29, 2015
Jim Willie: Coming Oil Bust Bigger Than Sub Prime Collapse

Jason Burack of Wall St for Main St had on returning guest, editor of the Hat Trick Letter http://www.goldenjackass.com/, Jim Willie. 

Jim has been writing his newsletter about the global economy, gold, etc for over a decade and has had many successful predictions years in advance including predicting the 2008 collapse of US banks. 

During this hour+ long interview, Jason starts off by asking Jim if China is planning additional retaliation against the US after their couple of devaluations against the US Dollar for the RMB not being allowed into the SDR?

Jim says the RMB will never be allowed into the SDR. 

Next, Jason asks Jim why do you think China, Russia and the BRICs haven't pulled the plug yet and what steps do you think need to be taken before they do it?

Jim says China is currently dumping massive amounts of US Treasuries and they are requiring the RMB for trade settlement. 

Next, Jason asks Jim about why the oil price is falling and if the Saudis or OPEC hired Wall St to intentionally short the paper oil market? 

Jim thinks the Saudis and OPEC are pushing the oil price down to bankrupt US shale oil companies and also punish the US banks who loaned money and underwrote hedges for the US shale producers. 

Jim thinks the coming oil bust will not be contained and will be bigger than the US sub prime mortgage and housing crisis that spread into the US banking system, into all US real estate and across the globe. 

Next, Jason asks Jim about evidence of developing shortages in the physical silver market. Jim says the shortages will get worse as Wall St banks are destroying the precious metals mining sector. 

Jason and Jim discuss whether the covert price manipulation of silver is like a government mandated price control.

After that, Jason asks Jim about US Secretary of State John Kerry's comments about the US Dollar losing its sole World Reserve Currency (WRC) status and why a high level US politician would admit that in public?

To wrap up the interview, Jason asks Jim about Donald Trump, the Federal Reserve's bloated, growing balance sheet and if they are trapped and can ever raise interest rates and the gold market. 

Jason asks Jim why mainstream, Progressive billionaires like Stanley Druckenmiller are buying gold for the first time in their lives and why China only reported an increase in its gold holdings of 1600 tons?

Jim Willie says we are in the 9th inning of the current financial system and global economy before the next global economic system is put into place. 

Aug 29, 2015
David Jensen: ZIRP Leading to Collapse, Much Higher Gold & Silver Prices

Jason Burack of Wall St for Main St interviewed returning guest, precious metals expert David Jensen who owns a private mining company and also is a paid consultant in the precious metals mining industry. 

During this 50+ minute interview, Jason asks David about his views about the global economy. David talks about the consequences of zero interest rate policy or ZIRP caused by governments using financial repression to manipulate interest rates. 
David talks about John Exeter's inverse expansion pyramid and the importance of gold during an economic collapse because of no counter party risk from owning metal. 

David and Jason discuss inflation, deflation, base metals and the employment situation in the US.

To wrap up the interview, Jason asks David a lot of questions about the gold and silver markets and also gold and silver miners. 

They discuss a COMEX default, if it's possible for silver shortages and how much money gold and silver miners are losing. 

Aug 22, 2015
Jeffrey Tucker: Bitcoin Is Replacing Precious Metals As Safe Haven

Wall St for Main St interviewed Jeffrey Tucker, who is the Chief Liberty Officer and Founder of Liberty.me. In this podcast, we discussed the growing popularity of Bitcoin and he thinks Bitcoin will replace gold/silver as the safe haven for Main Street. We also talked about the debate of minimum wage, income inequality, his article on Donald Trump that went viral and much more! 

Aug 20, 2015
Silver Doctor: Physical Silver Shortage Developing?

Jason Burack of Wall St for Main St had on returning guest "Doc" from Silver Doctorshttp://www.silverdoctors.com/ to talk about his article about a potential wholesale silver shortage. 

Here's the link to his article: http://www.silverdoctors.com/wholesal... so you can come to your own conclusions. 

During this 25+ minute interview, Jason asks Doc about the journey of silver and gold from the mine site to bars and coins at the bullion dealer. 

Then, they discuss Doc's controversial article about a potential shortage. 

Doc thinks through his sources there's evidence of a developing shortage. 

He thinks sentiment levels for precious metals are much worse than 2008. 

Jason and Doc discuss whether silver can ever be in a shortage and also discuss the supply/demand fundamentals of physical metal instead of the paper price. 

Aug 16, 2015
Woody O'Brien: Entitlement Culture Destroying the US

Jason Burack of Wall St for Main St had on first time guest, former Wall St economist and money manager, Woody O'Brien. http://www.woodyknowsmarkets.com/ http://www.abolishfiatslavery.com/

Woody is now a farmer in West Virginia where he also pays attention to commodities markets and invests in commodities and Woody has woken up to the Austrian School of Economics and is a Libertarian.

During this 50+ minute interview, Jason asks Woody about his background and how he woke up. Woody says he was working on Wall St as an economist and a money manager when the technology bubble and 9/11 happened and he began asking honest questions the government was intentionally not answering. 

Woody talks about taxes and precious metals, about how government forces the taxpayer to pay for a bunch of things and entitlements that creates very bad incentives for people in the the US. 

Jason asks Woody about commodities and for how long so many commodities can sell below the cost of farmers, miners, etc?

To wrap up the interview, Jason and Woody discuss inflation and deflation and how much longer the status quo can continue. 

Aug 5, 2015
Welcome to Dystopia Episode 5 w/ Bill Murphy: Silver Shortages In The Fall?

Jason Burack and Eric Dubin are back for Episode #5 of the Welcome to Dystopia podcast! Today's special guest is Chairman of the Gold Anti-Trust Action (GATA) Committee http://www.gata.org/, Bill Murphy. Bill also runs the popular investing website and newsletter at Le Metropole Cafehttps://www.lemetropolecafe.com/

In this episode of Welcome to Dystopia, Eric and Jason ask Bill about the macroeconomic situation. 

Bill agrees with Bill Gross that all markets are manipulated. 

Next, Jason asks Bill about the gold and silver markets and how he discovered they were manipulated. 

Martin Armstrong's track record for market calls is also discussed.

Bill has heard from his extensive list of bullion dealer contacts that there may be a large physical shortage of silver starting to appear before the end of the fall. This is for larger orders of physical silver.

May 12, 2015
Turd Ferguson: China May Not Announce Updated Gold Reserves Anytime Soon

Jason Burack of Wall St for Main St had on returning guest Craig Hemke aka Turd Ferguson of the TF Metals Report http://www.tfmetalsreport.com/ to talk about the gold market and China.

During this 20+ minute interview, Jason asks Craig if he thinks the Shanghai Gold Exchange will eventually replace the LBMA and COMEX for setting the global gold price. Craig thinks it's inevitable and a question of when and not if this happens.

Next, Jason asks Craig where he thinks all the gold the US exports is coming from?

Craig says the US and UK are both exporting way more gold than they mine per year.

Jason and Craig discuss the SDR, metals markets and the global financial system and what role China is going to play going forward.

May 9, 2015
Eric Sprott: Central Planners Desperate To Keep Game Going

Jason Burack of Wall St for Main St had on returning guest, former top hedge fund manager and chairman of the Sprott group of companies http://www.sprott.com/, Eric Sprott.

During this 25+ minute interview Jason asks Eric about his expert opinion on many important topics including interest rates and financial repression, what's really going on in the US economy, Bitgold, production costs for gold and silver miners, and a review of the fundamentals of the gold and silver market.

Eric thinks anything can be manipulated now for awhile in markets and no major liquidations are allowed anymore.

Jason also asks Eric if he thinks China wants the SDR or if China plans to destroy the SDR from the inside?

Eric thinks China is only temporarily joining the SDR and eventually wants the world reserve currency itself.

Apr 28, 2015
Steve St Angelo: Gold & Silver Miners Running Out of Ways to Cut Costs

Jason Burack of Wall st for Main St had on gold and silver mining and oil and energy expert, Steve St. Angelo of the SRSRocco Report http://srsroccoreport.com/ on for an in depth interview.

During this 50+ minute interview, Jason asks Steve about the costs to operate a modern primary gold and primary silver miner. Jason and Steve discuss how since ore grades have fallen so much over the decades how they have made it difficult for miners for have high margins.

Jason asks Steve how miners have survived in the past when gold and silver were below their all in production costs in the mid 90s. Steve cites one miner, Coeur D'Alene Mining, who sold hundreds of millions more shares diluting shareholders to survive.

Jason and Steve discuss whether miners can sell many more shares in this environment. Jason doesn't think that's likely considering what he hears from his contacts in Toronto and Vancouver where miners normally get financed how there's basically no debt or equity available anymore, except in small amounts at penalty/punitive rates.

Jason asks Steve about primary copper miners and what will happen to the gold and silver by-product when the hedges of copper miners come off line and copper miners go bankrupt or shut down mines.

Steve thinks this could cause a supply squeeze in the near future unless gold and silver prices rise.

Jason and Steve talk about the fundamentals of the market how demand for physical is rising, while the paper price is controlled and how miners are struggling mightily financially just to not go bankrupt soon.

To wrap up the interview, Jason and Steve discuss the oil and energy markets, peak oil and how the fracking boom is about to turn into a fracking bust because US shale oil companies are not making a profit without their hedges, they have too much debt and the energy returned on energy invested (EROEI) in shale oil is poor compared to other oil production.

Steve and Jason also talk about solar power and how it's probably not a panacea to replace oil and natural gas, at least not until the battery problem is solved. Most rare earths mining is done in China to produce solar panels, making them not as environmentally friendly as people think and silver industrial demand should grow the more solar panels are used.

Apr 24, 2015
John Ciampaglia: New Sprott Gold Mining ETFs Are Efficient Way To Buy Gold

Jason Burack of Wall St for Main St had on Sprott http://www.sprott.com/ Executive VP of Corporate Development, Head of ETFs and Chartered Financial Analyst (CFA), John Ciampaglia.

During this 20+ minute interview, Jason asks John why ETFs have become popular versus mutual funds.

Jason asks John about the 2 new Sprott gold mining ETFs and their methodologies. Each ETF updates either quarterly or every 6 months.

Unlike many other ETFs, which are market cap weighted, Sprott's gold mining ETFs have a different qualitative methodology looking for better gold miners instead of just bigger gold miners.

Jason and John discuss whether mutual funds are dinosaurs since many mutual funds underperform their benchmark index due to management fees and other hidden fees.

Apr 14, 2015
Keith Neumeyer: No Price Discovery In Silver

Jason Burack of Wall St for Main St had on returning guest, President and CEO of First Majestic Silver http://www.firstmajestic.com/s/Home.asp, Keith Neumeyer to discuss the silver market, silver miner's production costs and his companies.

Keith's full bio can be found here: http://www.firstmajestic.com/s/Manage...

During this 20+ minute interview, Jason asks Keith about the supply/demand fundamentals of silver, whether they have changed drastically in the last few years, about the production costs of silver miners worldwide, and how hard it is for the industry and for his mining company to cut costs.

Keith also tells Jason about his new company, First Mining Finance Corp, which recently went IPO.

Apr 2, 2015
Silver Doctor: Professionals Still Buying Precious Metals

Jason Burack of Wall St for Main St had on returning guest 'Doc' from the popular precious metals news website Silver Doctors http://www.silverdoctors.com/ and owner of SD Bullion.

During this 35+ minute interview, Jason asks Doc about the sentiment for gold and silver in the West since he deals with customers who buy physical gold and silver.

Doc thinks sentiment levels are worse in the US and the Western world than in 2008. He thinks Wall St, investment banks, governments and central banks have tried to intentionally manipulate sentiment, but that many professional investors are still accumulating physical precious metals every month or on dips.

Jason and Doc discuss Ted Butler's theory on JP Morgan owning over 40 million oz of physical precious metals, whether silver miners are in trouble financially, if pure deflation will be allowed for how long and how well gold performs during deflation.

Mar 25, 2015
Chris Marchese: Gold and Silver to Grind Higher

John Manfreda of Wall Street for Main Street interviewed Chris Marchese who is an economics and equity analyst for the Morgan Report, and co-author of the recently released Silver Manifesto. They discussed, the birth place of paper money, money supply and how it correlates to GDP growth, the free banking era in the US, deflation, the U.S. economy, if the Fed could raise rates, what the recent rise of the dollar means, the new Asian infrastructure bank, the PM market and why it might be turning, and John finished the interview by asking him are the miners the cheapest they have ever been in his finance career.

To find more information on Chris Marchese, please go to http://www.silver-investor.com/

Mar 22, 2015
Rick Rule: California Water Shortage Is A Opportunity For Investors

Mo Dawoud of Wall St for Main St welcome back RIck Rule, who is the President and CEO of U.S. Sprott Holdings. In this podcast, we discussed the unemployment problem in the U.S. economy, the California water crisis, Allied Nevada bankruptcy and how it affect the industry and much more!

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