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

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s1lverbullet
Mar 2, 2017 - 10:52pm

Ether

21.31 and climbing quick. Up 1.50 just in the last hour alone. This is getting nuts. Is ether about to go on a run like Bitcoin did in 2013?

CC Horses
Mar 2, 2017 - 10:14pm

The Next Ponzi: $4.6BN Long-Term-Care Insurer

We spend a lot of time talking about the various pension ponzi schemes that will inevitably wreak havoc on the global financial system at some point in the not so distant future. That said, you should also be keeping an eye on so-called long-term-care (LTC) health insurance providers who, as Penn Treaty Network of America Insurance teaches us this morning, have been perpetuating a ponzi scheme of their own.

Just like their pension ponzi brethren, long-term-care health insurance providers take in premiums today and make a series of actuarial assumptions that justify a promise that they'll be able to satisfy a steady stream of payments at some point in the distant future. Unfortunately, like with pensions, the math all works out beautifully when the insurance companies model 7.5% annual returns on assets, but, in the real world where global bond yields are hovering just above 0%, the math is slightly less rosy.

https://www.zerohedge.com/news/2017-03-02/next-ponzi-46bn-long-term-care...

CC Horses
Mar 2, 2017 - 10:04pm

India Gold Demand Just Surged 82%

After a disappointing drop in demand in 2016, Reuters reports that India's February gold imports surged to 50 tonnes, up more than 82% from a year ago, on pent-up jeweller demand and as retail consumers ramped up purchases for weddings, provisional data from consultancy GFMS showed on Wednesday.

India's gold imports had fallen to 27.4 tonnes in February 2016 as buyers postponed purchases in anticipation of a reduction in the import duty in the budget at the time. This February, retail demand improved due to the wedding season and as cash supplies became normal, said Bachhraj Bamalwa, a jeweller based in the eastern Indian city of Kolkata.

https://www.zerohedge.com/news/2017-03-02/india-gold-demand-just-surged-82

canary
Mar 2, 2017 - 8:32pm

Dr.P.Metals...Here is my 5-minutes research (out of frustration)

Relative Strength Index (RSI) for selective shares. (30 oversold....50 neutral...70 overbought):

GDX 32.38.........GDXJ 34.73......GG 35.84.....AG 34.54.....CDE 28.18.....PAAS 31.14.....PVG 37.50.....Hl 25.60....AEM 26.52....SAND (over sold buried?????)...SVMLF 50.22.....EGO 29.

JPM 65.42 (short-bullish...intermediate-bullish....long-very bullish)

GS 60.76

SteveW
Mar 2, 2017 - 8:15pm

17 year cycle

This is indeed the year for brood VI appearing in Georgia and the Carolinas. Aren't those cicadas rather like cockroaches? Reminds me of bankers!

infometron
Mar 2, 2017 - 8:12pm

@Dr P Re seldom

duly noted!

joeblack
Mar 2, 2017 - 8:10pm

CME lowered the margin

on the span kilo gold contract?

Do you know what this means Craig?

https://info.cmegroup.com/P020e0lHdP0I9u0s0tBARz1

AngryCitizen
Mar 2, 2017 - 8:02pm

It Could Always Be WORSER

So make every day the gift that it is. It really is THE PRESENT.

And "suddenly, YOU are NOT THERE, ANYMORE." So do not wait.

Charlie Dickens

Dr. P. Metals
Mar 2, 2017 - 7:53pm

Oversold/Overbought

So, when miners are overbought for more than 15 minutes, they crash, well, because obviously they were overbought. When they are oversold for days/weeks/months, they crash further, because no-one wants them any longer. Weird...

Poor attempt at humor on a day like today I realize. Not much left except humor on some days. At least I was stopped out of JNUG yesterday

lund175
Mar 2, 2017 - 7:36pm

Erik Hadik 17 year cycle is a strong one

This cycle guy is about the best one I have followed.

If this 17 year cycle stays on track the stock market will peak the end of this month.

Meanwhile it seems it may go higher.

He states gold will not hit the December lows but the miners might. Ouch!

We shall see.

17 Year Cycles Predicted Dow Record High. Eric Hadik - March 1, 2017

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