This compilation of financial insights includes videos from Palisades Gold Radio, Tech Revolution, ITM Trading, and Mike Maloney.
Private trader and newsletter publisher Kevin Muir of “The Macro Tourist” joins Tom on Palisades Gold Radio to discuss the world shift to gold and challenging the dominance of US assets.
Tech Revolution shares news of OPEC’s plan to shock the world with a new move.
Keith Neumeyer, CEO of silver powerhouse First Majestic joins Daniela Cambone on ITM Trading to talk about silver going to $100.
Mike Maloney talks about gold and silver and the unprecedented rally in these commodities.
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Palisades Gold Radio
Mar 7, 2024
Tom welcomes back private trader and newsletter publisher Kevin Muir of “The Macro Tourist” to the show. Kevin discusses the concept of “rolling mini bubbles” in markets. These bubbles form when an asset class or theme gains popularity among hedge funds, causing price increases based on perceived momentum rather than underlying value. Muir cited Tesla and the electric vehicle (EV) market as examples, noting that while these bubbles can inflate quickly, they also deflate rapidly.
Muir suggested that certain stocks, particularly those related to EVs and artificial intelligence, are currently experiencing a bubble. He advised investors to focus on buying undervalued stocks and mentioned Japan as an area of potential value due to recent government actions benefiting the stock market. Muir also discussed the concept of reflexivity, introduced by George Soros, which suggests that investor actions can influence and be influenced by market performance, leading to more frequent and v-----t bubbles.
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The interview touched on Canada’s economy, with Muir arguing that it is not as strong as the US despite similar fiscal stimulus during C---D-19. He pointed out that America spent more overall, experienced a larger housing bubble burst in 2008 leading to deleveraging, and currently has lower consumer debt compared to Canada. These factors make Canada more sensitive to higher interest rates, which Muir predicts will negatively impact the Canadian economy.
Muir also discussed monetary stimulus, stating that it is less effective in changing behavior than fiscal stimulus. He suggested that recent inflation trends are partly due to a shift towards domestic production and increased labor bargaining power. Despite this, Muir noted that life may not necessarily become worse for the middle class, as higher wages and job security could offset inflation’s impact.
Muir talked about the price of gold being driven up by speculators on the margins, with mining companies unable to profit from the increased gold price. He predicted that miners would be the next rolling mini bubble but was uncertain what would drive this expansion. Muir invited listeners to visit his website and Substack for more information on his perspectives on the gold market.
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Tech Revolution
Mar 7, 2024
Remember those cuts in production OPEC+ agreed to? Well, it seems like they might hang around longer than anticipated, possibly until December. And when this information surfaced, crude oil prices experienced an increase. Insiders suggest that OPEC+ aims to continue supporting the market by extending the cuts, perhaps for the entire year. One insider even hinted that extending the cuts into the second quarter is highly likely.
Let’s delve into the current market situation. Upon the release of this news, oil prices witnessed a noticeable rise. However, many individuals within the oil industry had already predicted OPEC+’s move. A recent survey by Bloomberg even hinted at this, indicating the necessity for OPEC+ to regulate oil production to maintain equilibrium. Experts stress the importance of sustaining these cuts to avert a potential crisis.
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A reminder, OPEC+ agreed to reduce production this quarter. Some of these reductions were already in effect, such as Saudi Arabia’s voluntary cut. Notably, Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, hinted at the possibility of extending these production cuts back in December.
Factors influencing OPEC’s decision for output cuts include events from last November when OPEC, in collaboration with Russia, made significant cuts in production for the first quarter of this year. Saudi Arabia’s role in continuing its own voluntary cut is noteworthy. This year, geopolitical tensions, particularly incidents involving the Iran-aligned Houthi group in the Red Sea, have influenced oil prices. Despite these tensions, concerns regarding economic growth and high interest rates persist.
OPEC’s strategic decision-making process involves considering the transition towards green energy. Saudi Arabia’s major oil company, Aramco, is pausing its expansion plans, aligning with the global push for clean energy to combat climate change. Energy Minister Abdulaziz bin Salman emphasized the importance of renewable energy for future energy security. Aramco, previously focused solely on oil, is diversifying into oil, gas, petrochemicals, and renewables.
The decision to halt Aramco’s expansion plans was made after careful market evaluations, indicating a shift in focus towards renewable energy sources. This decision aligns with efforts to address the climate crisis and adapt to evolving energy trends. Abdulaziz bin Salman highlighted the historical evolution of energy security from oil-centric to gas-centric, emphasizing the emerging importance of renewables.
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ITM TRADING, INC.
Mar 7, 2024
“There’s a rush into gold because of the de-dollarization of the world. It has nothing to do with the interest rates,” asserts Keith Neumeyer, CEO of silver powerhouse First Majestic. In a conversation with Daniela Cambone at this year’s 2024 PDAC Conference, Neumeyer confidently reiterates his vision of silver surpassing $100 per ounce. With 1.2 billion ounces in demand and only 820 million ounces in production, there’s a notable disparity, Neumeyer emphasizes, highlighting the looming silver deficit, set to escalate in 2024.
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GoldSilver (w/ Mike Maloney)
Premiered Mar 7, 2024
In this riveting video, Mike Maloney delves into the exciting world of precious metals, particularly gold and silver. Join him as he explores the historical patterns, charts, and expert analyses pointing towards an unprecedented rally in these commodities. Maloney’s insights into the inverse head and shoulders pattern, coupled with global economic factors, reveal why the sun is finally shining on gold and silver. Don’t miss out on this exclusive breakdown that could reshape your understanding of the current market dynamics!
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