A2A with Ronni Stoeferle of Incrementum AG

83

With 2018 off to a wild start in equities, bonds and commodities, what better time to check in again with our pal, Ronni Stoeferle, co-author of the great annual report "In Gold We Trust".

As we discuss here frequently, 2018 is shaping up to be a volatile year across global markets, and with $15T in QE now sloshing around the planet, any inkling of a breakout in commodities could quickly turn into an avalanche.

To that end, it was great to visit with Ronni again today and address all of these issues. We also take time to discuss the implications of the chart you see below. You should be sure to take a good, long hard look at it. (click to enlarge)

This was a very informative podcast. Please be sure to give it a thorough listen.

TF

  83 Comments


Feb 8, 2018 - 12:19pm

Feb 8, 2018 - 2:32pm

Re the S&P

Here's what you'll want to watch for the next day or so.

RickshawETF
Feb 8, 2018 - 2:39pm

Gold !

Got me both gold and silver today! 

Must mean the PM market's about to take off . . .

AgAuMan
Feb 8, 2018 - 2:40pm

silver

silver

brolgaboy
Feb 8, 2018 - 3:19pm
matt_
Feb 8, 2018 - 4:07pm

Miners holding on

Tomorrow will be very interesting. I accumulated 600 shares of NUGT today. surprise

Alabama Shakes - Hold On (Official Video)

Feb 8, 2018 - 4:09pm
matt_
Feb 8, 2018 - 4:25pm

Watch Cramer nearly have a stroke on camera

https://www.cnbc.com/2018/02/08/cramer-blames-this-weeks-crazy-market-on...

Don't sell Twitter or Snap! A complete group of morons who don't know the difference between a stock and bond are blowing up the market!

My god. Anyone with half a brain knows this stock market was a bubble bound to pop.

Clarki Stomias
Feb 8, 2018 - 4:28pm

Nobody Cares?

It's on.

Seemingly outta nowhere.

Just as we expected.

1:26 PM - 8 Feb 2018

Island Teal
Feb 8, 2018 - 4:30pm

very interestion Euro view

Just listened - lots of good information.

Dow off $900 +

Don't forget Banco Santander when looking at DBsurprise

Markedtofuture
Feb 8, 2018 - 4:44pm

Budget deal is brimming with special tax breaks

The Bipartisan Budget Act that Congress is set to pass Thursday is brimming with tax provisions for a variety of special interests, including racehorse owners, small private colleges and television and film companies.

At least two of the tax breaks help the constituents of Senate Majority Leader Mitch McConnell (R-Ky.), who negotiated the deal with Democratic Leader Charles Schumer (N.Y.).

Altogether, the special tax provisions amount to $17.4 billion over the next four years, with most of the costs incurred — $13.3 billion — in fiscal year 2018, according to an analysis released by the Joint Committee on Taxation (JCT).

https://thehill.com/policy/finance/372992-budget-deal-is-brimming-with-special-tax-breaks?

surftale
Feb 8, 2018 - 4:49pm
TF
Feb 8, 2018 - 5:01pm

oh shit....

Looks like 2540 will be a pretty important level to watch tomorrow.

silver10sguy
Feb 8, 2018 - 5:05pm

Thank You AGXIIK for Medicare Outlook

Sir, very excellent post on your outlook for Medicare and inflation's coming impact. Glad your wife had some excellent medical care in her time of need. I figured the inflation would have terrible implications in the future and you outlined it well. For now glad I have great health and silver. 

Marcus
Feb 8, 2018 - 5:08pm

>>>?

How do I paste a pic? I keep getting this message:

Because of your browser security settings, the editor is not able to access your clipboard data directly. You are required to paste it again in this window.

Please paste inside the following box using the keyboard (Ctrl/Cmd+V) and hit OK

And I keep trying without success. Damn.

ned braden
Feb 8, 2018 - 5:08pm

@ Marcus

I don't think you can paste an image. Must be "uploaded" from your account page


Feb 8, 2018 - 5:09pm

this from January 16

Might be my favorite tweet of the year...if I do say so myself...

bookers126
Feb 8, 2018 - 5:14pm

DOW

I see the DOW drop is over 1,000 points. 

I just know the media talking heads will never say the DOW needs to retest the 7,o00 mark or at least retest the 16,000 mark before it can head up again. 

ned braden
Feb 8, 2018 - 5:22pm

@ Marcus

Are you a former hockey player by chance ?

Marcus ned braden
Feb 8, 2018 - 5:36pm

No, Ned...

I have no interest in, nor understanding of, hockey (which makes me a bit of an oddball here in Canada, where hockey is almost a national religion). Trading futures contracts is my only sport, if one chooses to call it a sport.

boomer sooner
Feb 8, 2018 - 5:36pm

Curling

If they wore that outfit I might get interested.

Marcus
Feb 8, 2018 - 5:39pm

I despise curling, but...

...I could be persuaded, possibly, to alter my opinion somewhat...

PS. Thanks, Ned Braden above, for the info. I understand now.

OOOBuck
Feb 8, 2018 - 6:09pm

Crude (more or less) - Pot holding - BTC?

Oil threatened to fall through $60/bbl (presumably due to continuing reports of a build in oil inventories). Closed the day around $60.40/bbl, down about a buck and a half. This week's trend is no friend. Consumption/production reports are useless in predicting where oil is headed. Look at these headlines from oilprice.com

Cdn5 Pot went high fresh out of the gate but closed the day down 1.6%. Best performer was Cronos Group, up 4.33%.

BTC and ETH are still struggling to hang onto their respective 8 handles. Tonight and tomorrow's performance may help in determining where the cryptos are headed. Hint: you don't want to fall back to $7,500/coin. BTC currently holding in the area of $8,400 and ETH at $815. Good luck!

Angry Chef
Feb 8, 2018 - 6:16pm

I like Curling....

....Now I like it even more. Hard ! Hard ! Hard !

Hurry Hard Giveaway
Markedtofuture
Feb 8, 2018 - 6:24pm
streber
Feb 8, 2018 - 6:41pm

This one min vid always makes me chuckle

E trade baby loses his ass in the Stock Market
pabste
Feb 8, 2018 - 7:26pm
OOOBuck
Feb 8, 2018 - 7:31pm

Marcus - let's be thankful she didn't have a broom

I'm sure she and photographer had a good laugh doing that shoot.

imach1
Feb 8, 2018 - 7:45pm

Andy Hoffman sold all his gold! WOW

Special Crypto Audioblog #6, w/Andy Hoffman - Major Announcement…
chocolatechiphorses
Feb 8, 2018 - 8:03pm

Andy Hoffman

Yes and he now calls it a barbarous relic!

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