From Jim Richards’ Strategic Intelligence:
“Russia and China are
well-positioned to execute the greatest gold short squeeze in history.
Of course, they have no interest in doing so right now because both are
still buyers who favor low prices. At some point, they will flip to
hoarders who favor high prices, but not yet.”
From Hugo Salinas Price:
“The present monetary system of the
world, based on the dollar, is on its death-bed. A fiat currency – such
as the dollar – cannot be replaced by another fiat currency, he
explains. Therefore the world will necessarily have to take up [precious
metals] as the world’s money.”
*************
From Steven Warrenfeltz:
Gold and Silver Are Moving Back Up
GOLD (Warrenfeltz comments)
Last week, after the dust settled from gold’s price drop, a ‘falling expanding wedge’ formed in gold’s price chart (below).
All falling wedges are
positive technical patterns, however for gold to confirm the pattern it
will need to break above the upper resistance trend-line of the wedge.
In addition, gold’s MACD (lower indicator) is showing that its
direction is about to change from negative to positive, so we should
continue to see gold climb this week, but some profit taking is also
expected as it moves up.
************
Gold Prices Since 1974 – Log Scale
(Gold is Moving Up!)
**************
From Graham Summers on Yellen Testimony: “The US Dollar is TOAST”
(Hint: Buy Gold!)
***********
Axel Merk on Diversifying with Gold
Listen to the Podcast Audio: Click Here
Thanks to Money Metals Exchange
Quotes from the interview:
“When central banks print money, so called risk premia are compressed… meaning junk bonds don’t yield as much as treasury.
And when volatility is low, evaluations are higher. If you think about it, the way you historically value
a stock is through discounting future profits, future cash flows. So,
when that discounting is done at a lower rate, then the valuations are
higher.
Low volatility means high valuations.
So, relatively speaking, when volatility goes up, gold is
more in favor. That’s one of the reasons why when there’s a so-called
crisis in the world, gold tends to do well.
…it is not sustainable that volatility will continue to be that low.
In my experience, and I’ve been doing this for a few decades now, the
best bubble indicator there is, is low volatility which is an expression
of the complacency.
The Fed isn’t so much concerned about the plunging stock market, the Fed is much more concerned about access to credit.
The beauty about precious metals, gold in particular, is that the
longtime correlation to equities is near zero. And as such, it’s a
diversifier.
The thing about these markets that are volatile, and gold has been volatile.
It shakes out the weak players. So that means that if you don’t have a
conviction of what you want and why you want it, you’re going to change
your mind. You’re going to flip-flop and you’re almost certain to lose
money.
And so, if you look now in the market where “everything is
expensive,” the question is where do you want to be? I happen to think
the traditional diversification models don’t work. A couple years ago I
was quoted that you need to have at least 20% in alternatives. I happen
to think now that 20% is way too low. And it doesn’t need to be all in
gold, of course, but you want to have something that’s not correlated.”
Mike Gleason is a Director with Money Metals Exchange,
a national precious metals dealer with over 50,000 customers. Gleason
is a hard money advocate and a strong proponent of personal liberty,
limited government and the Austrian School of Economics. A graduate of
the University of Florida, Gleason has extensive experience in
management, sales and logistics as well as precious metals investing. He
also puts his longtime broadcasting background to good use, hosting a
weekly precious metals podcast since 2011, a program listened to by tens
of thousands each week.
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GE Christenson is the owner and writer for the popular and contrarian investment site Deviant Investor and the author of the book, “Gold Value and Gold Prices 1971 - 2021.” He is a retired accountant and business manager with 30 years of experience studying markets, investing, and trading. He writes about investing, gold, silver, the economy, and central banking. His articles are published on Deviant Investor as well as other popular sites.
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The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
