This compilation of financial insights includes videos from Arcadia Economics, ITM Trading, and Palisades Gold Radio.
Rafi Farber from Arcadia Economics recently discussed the Yen’s depreciation beyond 157 per dollar, occurring shortly after the Bank of Japan’s intervention at 160. Speculations regarding a potential recurrence of an Asian financial crisis are emerging, drawing parallels to the situation in 1997 when silver prices doubled. The current Silver Squeeze peak at $30.32 seems to be establishing a robust foundation, transitioning from a point of resistance to one of support, potentially paving the way for a climb towards $50. Additionally, insights on George Gammon’s exploration of Argentina, known for its silver reserves, shed light on the projected 15:1 gold to silver ratio in the future.
According to Phillip Streible, Chief Market Strategist at Blue Line Futures, he believes that by the end of the year, the price of gold could reach $3,000. In an interview with Daniela Cambone on ITM Trading, Streible provides several reasons to support his prediction. These include a decrease in the Consumer Price Index (CPI), central banks accumulating gold, and ongoing geopolitical tensions. Streible also expects the Federal Reserve to lower interest rates twice, in September and December. He suggests that the Fed is currently satisfied with the high inflation levels and is unable to raise interest rates any further. In addition to gold, Streible expresses optimism about other commodities such as silver and copper. He attributes this positivity to the growing demand for electric vehicles and advancements in artificial intelligence. Streible concludes by stating that many of these commodities are experiencing a favorable combination of circumstances.
Tom Bodrovics invites metals analyst David Jensen to join him on Palisades Gold Radio for a captivating discussion on the ever-changing gold and silver markets. The conversation delves into the London market’s dependence on promissory notes for trading, highlighting the potential risks of default stemming from physical supply issues. Additionally, they explore the substantial trading volumes in London, the deficits observed in the silver market, and the escalating demand from China. The duo also addresses concerns surrounding the influence of retail investors on silver prices, specifically in relation to ETF m----------n and rehypothecation.
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Arcadia Economics
Premiered May 24, 2024
The Yen weakens again past 157 per dollar, only three weeks after the Bank of Japan’s intervention at 160. Rumors of another Asian financial crisis on the wings are circulating, and do you know what doubled during the last one in 1997? That would be silver.
So far, it looks like the SilverSqueeze top at $30.32 may hold, turning strong resistance into strong support, and giving us a firm base to climb to $50. And a word on George Gammon’s trip to the land of silver, Argentina, and what it says about the future 15:1 gold to silver ratio.
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ITM TRADING, INC.
May 24, 2024
“I think at the end of the year, gold would be $3,000,” says Phillip Streible, Chief Market Strategist at Blue Line Futures. Streible highlights several factors driving this prediction, including a downtick in CPI, central banks hoarding gold, and ongoing geopolitical tensions. He also anticipates the Fed will cut interest rates twice, in September and December. “It seems that the Fed is completely content with the elevated inflation right now and that they’re handcuffed from raising interest rates anymore,” Streible explains. Beyond gold, Streible shares his optimistic outlook on commodities like silver and copper, pointing to increased demand for electric vehicles and advancements in AI. “We’re seeing almost the perfect storm take place in many of these commodities,” he concludes.
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Palisades Gold Radio
May 24, 2024
In this episode of Palisades, Tom Bodrovics welcomes back metals analyst David Jensen to discuss the volatile gold and silver markets, with a focus on the London market’s reliance on promissory notes for trading and its potential physical supply issues leading to risks of default. They also touch upon the large trading volumes in London, deficits in the silver market, increasing demand from China, and concerns over retail investors influencing silver prices due to ETF m----------n and rehypothecation.
David shares his perspective on factors affecting the silver market during the 2020-2021 silver squeeze, including inventory disappearance in China, Shanghai exchange’s influence, potential catalysts like central banks buying gold or conflicts, and the City of London’s involvement in a longstanding global gold and silver fraud.
The conversation further explores the impact of various factors on gold and silver markets, including concerns about transparency regarding lease rates, central bank sourcing of metal, and potential consequences for major banks if they cannot cover contract losses. Overall, Jensen emphasizes the importance of understanding the significance of physical supply issues in the metals market and staying informed to avoid ignoring important matters.
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