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This compilation of financial insights includes videos from Sean Foo, The Rich Dad Channel, Commodity Culture, Arcadia Economics, Liberty and Finance, and SD Bullion.
Sean Foo talks about Russia-China rejecting the US pause as OPEC won’t help with Biden’s warning to Iran. Andy Schectman, President and Owner of Miles Franklin Precious Metals joins John MacGregor on The Rich Dad Channel to discuss why gold and silver aren’t investments. Michael Gayed of the @leadlagreport joins Commodity Culture to talk about why gold looks like a buy right now. Rafi Farber on Arcadia Economics to talk about gold breaking $2000, silver lagging, and mining stocks baffle. Michael Oliver, founder of Momentum Structural Analysis joins Liberty and Finance and says to get ready for explosive moves in gold. SD Bullion reports on the start of gold’s endgame.
Sean Foo
Oct 27, 2023
The Middle East crisis is on the brink of further escalation. China and Russia have struck down America’s UN resolution while Biden issues a new red-line warning to Iran. In addition, many analysts are hoping for OPEC to help, but this won’t happen soon. Here’s why the oil crisis is about to get worse and why chaos is erupting in the UN.
The Rich Dad Channel
Premiered Oct 27, 2023
In this episode of the Full Disclosure Podcast, host John MacGregor interviews Andy Schectman, President and Owner of Miles Franklin Precious Metals. Schectman shares his journey into the precious metals industry and the importance of gold and silver as a form of wealth, not as investments. He discusses the current economic challenges, including rising debt and inflation, and predicts a system reset with the introduction of a central digital currency. Schectman emphasizes the importance of trust and a broader perspective in financial advisory when it comes to investing.
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Commodity Culture
Oct 27, 2023
Michael Gayed of the @leadlagreport believes that we are in a bear market and large institutional investors will start increasing their gold allocation as a means of portfolio diversification, potentially resulting in new all-time highs. Michael also discusses why he believes a recession lies up ahead, the possibility of the Fed panicking, his outlook on the energy sector, and much more.
Arcadia Economics
Premiered Oct 27, 2023
It’s getting close to pandemonium in the Middle East as the United States has just bombed Syria “in self defense” of its armed forces, which happen to be stationed in Syria for entirely peaceful reasons. These actions apparently are “separate and distinct from the ongoing conflict between Israel and Hamas”, according the Secretary of Defense Lloyd Austin, an assertion which must never be questioned.
In response, gold has broken the $2,000 level, though silver the mining stocks have performed dismally as the world political order frays, the money supply continues to shrink, and the final financial implosion knocks ominously at the door. This is what happens when Treasuries trade like penny stocks.
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Liberty and Finance
Premiered Oct 27, 2023
Gold could have an explosive move in the near future, says Michael Oliver, founder of Momentum Structural Analysis. With the disappointing performance of stocks and bonds, he expects asset managers will turn toward one of the only asset classes that has actually been performing, that is, gold. Also, he sees further downside for the stock market and expects lower valuations even if the Fed reverses.
SD Bullion
Premiered Oct 27, 2023
It is being reported that thousands of Israeli soldiers have entered Gaza in what appears to be another major escalation in the ongoing war in the Middle East.
To close this week’s SD Bullion Market Update, we are going to hear a respected macroeconomic forecaster’s take on where this gold market is headed, perhaps sooner than most in the world could imagine at the moment.
The silver and gold markets were mixed this week as the spot gold price popped to close the week based on Middle East war escalations.
The spot silver price closed just over $23 oz bid while the spot gold price jumped over $2000 oz bid to finish the week.
Remains to be seen if we are building the floor here or if there will be more dips below $2000 to come.
The spot gold-silver ratio ran up on gold strength to close the week at 87.
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That is all for this SD Bullion Market Update.
As always, to you out there.
Take great care of yourselves and those you love.
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