This compilation of financial insights includes videos from Bix Weir, Arcadia Economics, and Palisades Gold Radio.
Bix Weir reports on silver riggers flirting with moving averages as US Mint prepares to stop selling Silver Eagles. Arcadia Economics talks about gold demand soaring in China. Also, Jorge Ganoza, the president and CEO of Fortuna along with analysts Dave Kranzler and Greg Crennan joins Arcadia Economics to discuss the 3rd quarter earnings of Fortuna Silver. Jeff Christian, Managing Partner of CPM Group joins host Tom Bodrovics on Palisades Gold Radio to share predictions of 2024-2025 bringing a recession and along with higher precious metals prices.
Nov 9, 2023
Are the 2023 Silver Eagles the LAST Mintage Before a New US Gold/Silver Standard?! They will be if the “Too Big To Fail” banks hit the skids before the End of the Year!! So much to disclose about our rigged Global Monetary System. There will be so much ANGER at those that have enslaved us. THEY will not be the Deciders of our FUTURE!!
Premiered Nov 9, 2023
While the price of gold has come in this week, it has rallied slightly on Thursday morning trading, and still remains within shouting distance of the $2,000 mark. And one reason that the price has performed as strongly as it has, is that in addition to a strong overall level of central bank gold buying, China continues to be a strong consumer of gold.
Of course there are numerous reasons for China to continue to buy so much gold. Because at the same time that it continues its de-dollarization efforts with Russia and the other BRICS nations, it has to also be concerned about the potential for sanctions, especially should it move forward with a conflict in Taiwan.
Meanwhile, concerns about the supply coming online of US treasuries continues to offer another reason to be diversifying assets, at a time when concerns of bank runs remain. In fact the concerns are significant enough that in Switzerland, banking officials are considering new measures to restrict deposit withdrawals, which sets a disturbing precedent, and perhaps offers even greater reason for investors to have access to their capital.
On Wednesday Fortuna Silver released its 3rd quarter earnings, which included record production, and a net income of $27.5 million ($0.09 per share).
It was a big quarter for Fortuna, as after spending 2 years builging their new gold mine at Séguéla in Côte d’Ivoire, it’s now in production and generating cash flow. FOrtunately, Jorge Ganoza, the president and CEO of Fortuna joins us on the show for a live call along with analysts Dave Kranzler and Greg Crennan to go through the results.
So log on live at Thursday Novermber 9th at 4 PM eastern, to follow along, or to get your questions answered!a Silver!
Palisades Gold Radio
Nov 9, 2023
In this episode of Palisades Gold Radio, host Tom Bodrovics speaks with Jeff Christian, Managing Partner of CPM Group, about various topics including silver usage in warfare, the role of gold as a “chameleon trade,” and the economic outlook for gold investment. Jeff Christian estimates that globally, between 10-20 million ounces of silver are used each year for warfare-related purposes such as missiles and electronics.
Jeff describes the various investment uses for gold, including inflation hedge, currency hedge, portfolio diversifier, commodity, safe haven, and as a form of savings. These factors should be taken into account when considering gold as an investment.
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