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Palisades Gold Radio: Debt is Crushing the System (w/ Dale Pinkert)

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Palisades Gold Radio
May 26, 2022

Tom welcomes a new guest Dale Pinkert to the show. Dale is an experienced commodity and FX trader. He is also head of trader development at Trade Gate Hub.

Dale discusses the importance of gathering ‘intelligence’ in trading and questioning your own beliefs. It’s important to manage emotions and practice risk management. Stops are important for those occasions where you’re wrong, and the best traders use them diligently. If you don’t know why you’re getting into the market you shouldn’t be doing it.

He explains how all markets are manipulated, and no one complains when there is a bull market. The Fed can’t print commodities so Fed policies will have little effect. Instead, Jay Powell should pray for rain.

The debt burden means we can’t survive much of a tightening cycle. Dale will be surprised if the Fed can get rates to three percent. It won’t take much to topple a system that is so top-heavy with debt.

The strength of the dollar hasn’t impacted the metals market that much. The long dollar trade is quite a crowded trade. We could be looking at a new low for the Euro and a top for the dollar. Every major bottom in silver can be matched with a top in the dollar. We need a bear market in the dollar for silver to move.

The U.S. might not be the best currency any longer. Some of our key market structures appear broken, and therefore the dollar may no longer be the cleanest dirty shirt. Dale believes a rally in metals is coming.

Tom discusses the risks in the housing market and how things have changed since 2008. Mortgage rates are climbing, and risks are increasing. FOMOing into buying a house seems like a dangerous idea.

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Tom and Dale discuss how market tops often come with clear signs like ads on the television for crypto or real estate.

Lastly, Dale gives some excellent advice for new investors learning to trade.

https://www.youtube.com/watch?v=HfQrj7_WvZ4

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