A2A with Dimitri Speck

87

With confidence in central banks beginning to fail and with negative interest rates being instituted around the globe, what a great time for a visit with renowned author and precious metals analyst, Dimitri Speck.

What an honor to visit with Dimitri today. Over the course of the discussion, Dimitri addresses:

  • the global buildup of debt and fiat currency
  • how negative interest rates impact gold prices
  • the likelihood that gold and silver are seeing a resumption of their respective bull markets
  • the risk/reward profile of silver in this environment
  • and much, much more

Please make the time to listen to this entire recording. You'll be glad you did!

TF

  87 Comments

heathbr
Feb 11, 2016 - 3:02pm

What a joke these markets are

Let's just put it off ... one more ... day

MrMorden
Feb 11, 2016 - 3:03pm

DOW > 16,000 and Au < $1242

The push is real, and it's on.

ag1969
Feb 11, 2016 - 3:09pm

Comment ripped from ZH

"Stocks will collapse in March....

We've never seen a global collapse like we are about to witness. The central banks went full retard and have been buying stocks with both hands; in the case of the BoJ they have been a main buyer, same with the Swiss. All stock indexes will collapse over 50% in March after continuing down for the next few weeks. Trading will be halted and after a week or two it will be decided by the deciders that the dollar is too strong and an FDR like devaluation will ensue.

This will lead to a currency crisis in April....

All currency is decreed by government in its value by how much there is and at what velocity it moves. The underlying problem is this fiat standard - of decree - does not substantiate wealth and value. Currency will be priced against one another in the last battle of the currency wars at which point they will all collapse versus gold.

This will lead to a bond bubble bust in May....

This will happen when people realize bonds are only as good as the currency they are denominated in. When the value of a currency falls by 50% then the value of the bond does as well, as do the payments. These are not specie payments, they do not have gold backing, they are fiat and the value is such. Rates will rise as all paper is dumped.

This will lead to an astronomical rise in the price of gold....

Gold is money. It will be sought after in physical form after all paper claims be they stock, bond, land deed, and paper claims on gold go up in smoke. No one knows the true value of any paper claim because the underlying paper asset, the reserve currency - the dollar - is also by decree. This is circular reasoning, that is to say the dollar is by decree so such and such is as well.

By mid summer the world will revalue paper to gold but only gold has revalued at what today would be $50k. At that point who knows how many zeros will be behind it."

https://www.zerohedge.com/news/2016-02-11/jpm-ficc-head-people-have-more...

Clarkii Stomias
Feb 11, 2016 - 3:21pm

Hunsader's all over it

Eric Scott Hunsader– ‏@nanexllc

Screaming rally taking place $ES_F $SPY

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Does this mean everyone gets a pony?

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that was a monster dump of market data..

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Correction. That was a monster, record setting dump of market data​

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Green screen or bust

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You have to wonder if Saudi's are making up for oil price shortfall by manipulating our market..

Bollocks
Feb 11, 2016 - 3:26pm

First comment after that one

"Or Not"

Lol.

If it happens that fast there'll be rioting in the streets.

ag1969
Feb 11, 2016 - 3:33pm

Hi Bollocks

If it doesn't happen that fast there will be rioting in the streets. No matter what happens there will be rioting in the streets. I don't know what the welfare state is like there in England, but here, as soon as the EBT cards stop working, or the full monthly amount won't buy a blunt and a 40 ozer, and almost 50 million people have no idea where their next meal is coming from, there will be rioting in the streets. And if we were in Spain, or Greece, or Italy, or any one of the ME countries we have bombed the piss out of to bring them freedom, there is already rioting in the streets.

So yes... or no.

Key Economic Events Week of 4/6

4/8 2:00 ET March FOMC minutes
4/9 8:30 ET Producer Price Index
4/10 8:30 ET Consumer Price Index

Feb 11, 2016 - 3:37pm
MiningJunkie
Feb 11, 2016 - 3:49pm

Dr. Strangelove

Dmitri sounds like Peter Sellers as Dr. Strangelove and I am dying....

brolgaboy
Feb 11, 2016 - 4:34pm

Turd's Bottom

hey, it has been a great day in the community but I can't help but reflect on the Turd's bottom, ie selling two thirds of his miners at 99 HUI

Sigh!

bim jeam
Feb 11, 2016 - 4:54pm

Turd's Bottom

Be very careful not to confuse "Turd's Bottom" with a "Good Entry Point".

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Key Economic Events Week of 4/6

4/8 2:00 ET March FOMC minutes
4/9 8:30 ET Producer Price Index
4/10 8:30 ET Consumer Price Index

Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

Key Economic Events Week of 3/2

3/2 9:45 ET Markit Manu PMI
3/2 10:00 ET ISM Manu PMI
3/2 10:00 ET Construction Spending
3/4 8:15 ET ADP employment
3/4 9:45 ET Markit Service PMI
3/4 10:00 ET ISM Services PMI
3/5 8:30 ET Productivity & Unit Labor Costs
3/5 10:00 ET Factory Orders
3/6 8:30 ET BLSBS
3/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 2/24

2/25 9:00 ET Case-Shiller home prices
2/26 10:00 ET New home sales
2/27 8:30 ET Q4 GDP second guess
2/27 8:30 ET Durable Goods
2/27 11:30 ET Goon Evans speech
2/28 8:30 ET Pers Income and Spending
2/28 8:30 ET Core Inflation
2/28 9:45 ET Chicago PMI

Key Economic Events Week of 2/17

2/18 8:30 ET Empire St Manu Idx
2/19 8:30 ET Producer Price Idx
2/19 8:30 ET Housing Starts & Bldg Perms
2/19 2:00 ET January FOMC minutes
2/20 8:30 ET Philly Fed
2/21 Fed Goons all day at Chicago Conf.
2/21 9:45 ET Markit flash Feb PMIs

Key Economic Events Week of 2/10

2/11 10:00 ET Job Openings
2/11 10:00 ET CGP Hump-Hawk House
2/12 10:00 ET CGP Hump-Hawk Senate
2/13 8:30 ET CPI
2/14 8:30 ET Retail Sales
2/14 9:15 ET Cap Ute & Ind Prod
2/14 10:00 ET Business Inventories

Key Economic Events Week of 2/3

2/4 10:00 ET Factory Orders
2/5 8:15 ET ADP Employment
2/5 9:45 ET Markit Service PMI
2/5 10:00 ET ISM Service PMI
2/6 8:30 ET Productivity & Unit Labor Costs
2/7 8:30 ET BLSBS
2/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

Forum Discussion

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