A2A with Dimitri Speck

90

A tremendously informative webinar today with gold analyst and author, Dimitri Speck. You should be sure to give it a listen.

Among the topics addressed:

  • Dimitri recalls the period of 2001-2008, where the price of gold rose even while interest rates also moved higher
  • The current state of the global market for physical gold
  • Dimitri's thoughts on the impact of Shanghai Gold Exchange
  • The state of the European Union and what this implies for the euro, interest rates and gold
  • How the mining shares may perform in the months ahead

Again, this was a very interesting webinar and I encourage you to give this audio your time and attention.

TF

  90 Comments


Mar 2, 2017 - 5:16pm

Copied from previous thread

I've seen some comments today, both here and on other sites, about Andy being wrong again, etc.

Andy wrote his commentary regarding a physical floor in gold on Sunday, the 19th. CDG closed the previous Friday at $1239. I have a last of $1235.

If CDG falls precipitously below $1220, then it's OK to criticize him and question whether or not he's correct in his forecast. Until then, blasting away at him seems a bit unfair.

BillD
Mar 2, 2017 - 5:17pm

well well well

Just happened to be looking ... lol ...

Dr. P. Metals
Mar 2, 2017 - 5:23pm

Mar 2, 2017 - 5:26pm

Oroville forecast update

Another 4-5 FEET of snow expected in the mountains above Oroville over the next four days

ArtL
Mar 2, 2017 - 5:30pm

BTC GOLD cross

Bitcoin Blows By Gold! (Bix Weir)
Dr. P. Metals
Mar 2, 2017 - 5:33pm
Marchas45
Mar 2, 2017 - 5:40pm

4th Nope 3rd

Ok just not my day.

Ronnie55
Mar 2, 2017 - 5:42pm

unbelievable deception by media and bankers

It is almost unfathonable to think that the evil empire controlling the media and the financial system have been able to convince the investing world that interest rate increases are bad for gold and silver. Throughout history rising rates mean inflation and inflation causes PMs to rocket higher. There will come a day soon when people will wake up and our stacks will be much higher in value because I speak the truth. I do realize it is paper controlling things at this time and that is how they deceive us.


Mar 2, 2017 - 5:44pm

fwiw

The GLD "inventory" sat idle from Feb 17 through the end of the month.

Yesterday, despite the volatility AND the recent drop in the shares, the GLD added 2.37 mts.

Today, again despite the price drop, it added another 1.78 mts.

Not much but completely different from Nov/Dec when the GLD shed 133 mts thru 27 consecutive "inventory" reductions.

Ronnie55
Mar 2, 2017 - 5:45pm

Excellent points

Be sure to read today's morning post for even more background on this.


Mar 2, 2017 - 5:51pm

Someone had asked earlier about the gold channel

I guess it depends upon where you draw it. I've been using the red line though a more traditional rendering would use the blue.
Either way, not too good.


Mar 2, 2017 - 5:58pm

Someone had asked about the HUI, too

It needs to get back above 190-195...and pronto...or it risks coming all the way back down. Yuck.

RickshawETF
Mar 2, 2017 - 6:00pm

Seventh Hell

Today it is . . .

I need a Manhattan. NOW!

Stack on!


Mar 2, 2017 - 6:05pm
onesong
Mar 2, 2017 - 6:09pm

As my mother always told me...

it could be worse... hence a good friend on vacation had a triple by pass yesterday and another friend had a quad by pass just 4 months ago. The fact that I had a 7k paper loss today, well I'll take it and look forward to higher CDG and CDS in the coming months.

MrOnline
Mar 2, 2017 - 6:10pm

Thanks Turd

Thank you for all your answers Turd.
Good night good people of Turville. It`s getting late here in Europe and I sure do need some sleep to come over miner slaughter of today.

billhilly
Mar 2, 2017 - 6:13pm

onesong...and pining

EXCELLENT attitude !!!!!

PINING; empty post...no picture coming through on either thread for me ????

Whitecastle123 BillD
Mar 2, 2017 - 6:16pm
infometron
Mar 2, 2017 - 6:17pm

Time to Twitter Trump

about silver market manipulation again?

Dr. P. Metals
Mar 2, 2017 - 6:39pm
Dr. P. Metals
Mar 2, 2017 - 6:45pm

Holter

https://www.jsmineset.com/2017/03/02/115-million-ounces-not-even-close-t...

I say this because “game over” has arrived and the day is quite near when gold and silver will not be attainable at any fiat price. They will be bid with no offer. Ask yourself a couple of very simple questions. Could anyone enter an order to purchase 100 million ounces of silver and actually have it filled and real silver delivered? During a time of stress in the financial system, how many different individuals/corporations/money managers/countries have the ability to swing a $2 billion trade? 1,000? 10,000? More? Money is sloshing around a system with no foundation and stumbling like a drunk with a .3 blood alcohol level, all that is needed to completely wipe out and default these paper markets...

'my bold

Dr. P. Metals
Mar 2, 2017 - 6:46pm

Holter

Double

waxybilldupp
Mar 2, 2017 - 6:47pm

Oroville ...

Too bad they don't have a sluice nearby to run all the paydirt thru they are digging out of the Feather River bed. Bet they could pay for some to the repair bill coming due.

wax off

edit: BTW, anyone else having trouble with the site? The last couple days, it no longer jumps to the most recent comment. It goes to the current page, but then I have to scroll down to the first new comment. Kind of annoying. Happens with the Forum pages too.

Angry Chef
Mar 2, 2017 - 7:09pm

Great Post !!!

I really enjoyed the interview. It was fun to listen and to think that markets actually exist...ha, ha, ha, ha, ha.....great stuff. Really funny ! Ha, ha, ha, ha, ha.....

The question then becomes.....

Are the markets more powerful than the controllers ? Or will the controllers release the " markets ", when they have stripped mined the long side of the ledger. And are now going to strip mine the short side of the ledger ?

Let the games begin !

Please pass the bread. I'm off to the circus.....

canary
Mar 2, 2017 - 7:10pm

I hope this Friday will be different

Stock Market gets correction (crash would better) ...and Gold plus Silver go green.

With all that tough Fed talk... maybe.

Dr. P. Metals
Mar 2, 2017 - 7:11pm

@canary

https://www.zerohedge.com/news/2017-03-02/why-you-should-be-nervous-abou...’s-speech-tomorrow

jawboning days are seldom good for metals.

@info: please note I did not say "never"

canary
Mar 2, 2017 - 7:18pm

It's interesting that Yellen and Fischer will talk ...

At the same time, 1PM.....The senior traders will have to stay longer, before going to Hamptons.

goldcom
Mar 2, 2017 - 7:22pm

More on todays silver smash

GATA Chairman On Silver MASSACRE: "We Know WHO Did It, & WHY They Did It"
stealthbear
Mar 2, 2017 - 7:24pm

@onesong---It could be worse

Six weeks ago my husband, son and I lost a very dear friend from traumatic brain injuries following a one vehicle accident on a country road. He was returning home from his place of work and was only 3 miles from home. He was 51 (same age as you, Craig) and left his wife and 11 year old son to try to pick up the pieces of their lives without him. I would give every ounce of PMs I have accumulated the past 15 years if it would bring this man back to his family and friends. So, yes, it could be so much worse. Best we remember to be grateful for all we do have.

boomstick Pining 4 the Fjords
Mar 2, 2017 - 7:29pm

"Bold, Blazing, Breathtaking..."

... Barrel-aged?

Just my guess for where the next installment takes us. My mouth -- on maybe my liver? -- is watering in anticipation.

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