Catching Up With Ned Naylor-Leyland

35

On Wednesday, we had a chance to get caught up with our old pal, Ned Naylor-Leyland of Old Mutual Investors in London. Ned's job as fund manager puts him in front of institutional investors worldwide so it's always extraordinarily valuable to hear from him directly.

Over the course of this 40-minute call, Ned and I discuss a variety of topics, including:

  • overall sentiment in the precious metals sector
  • the growing interest in the sector from asset allocators and money managers
  • any sign or signal in London of a pending crisis of confidence in the LBMA system
  • how the level of real interest rates affects asset allocation decisions
  • the technical picture in the metals and why it appears that a new bull market is underway
  • and much, much more!

It was great fun to connect again with Ned as we've both been quite busy lately. I think you'll find this call to be very informative and well worth the wait. We promise to speak again soon on these subjects.

TF

p.s. My apologies for the audio quality as Ned and I were plagued by some Skype issues through the call.

  35 Comments

Danforth Coxwell
Sep 14, 2017 - 6:24pm

#1

yea!

Danforth Coxwell
Sep 14, 2017 - 6:28pm

Zerohege

has put up an article that North Korea has launched yet another rocket over Japan. This might account for a sudden rise in the price of DCG.

Given the amount of back and forth between Russia, China etc. this cannot be a good thing! So sad.

Ned Braden
Sep 14, 2017 - 6:28pm

In Honor of Ned's Appearance.......

Time for yet another Pining Classic !

EDIT: For any newbies..Ned is on the far-right. Craig on far left. Not sure who, exactly is in the center....

Markedtofuture
Sep 14, 2017 - 6:45pm

2nd

Edit: 2nd

North Korea Fires Ballistic Missile Which Passes Over Japan

Just under three weeks after its last ballistic missile launch, North Korea fired another missile on Friday morning eastward from Pyongyang, which flew over Japan just after 7am local time.

Sep 14, 2017 - 9:28pm
CC Horses
Sep 14, 2017 - 9:30pm

Harvey - Irma - and - Knox

Knox (Fort): Officially Fort Knox in Kentucky holds 147 million ounces of gold. PRETEND that official story is true, the gold is physically there, unencumbered, not leased out, and not stolen. The 147 million ounces of gold are worth $200 billion dollars – about the losses from Hurricanes Harvey and Irma. That shows how low gold is valued at current prices.

In less than 30 days two hurricanes cost about one Fort Knox Gold Unit – the value of the gold supposedly stored there. There has been no independent audit since the 1950s.

The INCREASE in U.S. national debt – before hurricanes and a Korean War effort – will be around one $ trillion for this year. That is equivalent to five Fort Knox Gold Units for only this year. We spent many other Fort Knox Gold Units every year for decades. The total national debt at $20 trillion is about 100 Fort Knox Gold Units.

https://deviantinvestor.com/9246/harvey-irma-jeopardy-and-knox/

AlienEyes
Sep 14, 2017 - 9:47pm
Noteriety
Sep 14, 2017 - 10:13pm

The Above Article by AE

Is why I've taken all coins off the exchanges during this clear offensive by TPTB against the Bit-Con. It also helps to explain why I believe in the technology. It is becoming increasingly clear that FIAT and the entities that perpetuate the system hate Bit-Con.

(I will no longer say Crypto, only Bit-Con - Maybe it is part of a give/take that can lessen the friction on TFMR)

Fred Hayek
Sep 14, 2017 - 10:17pm

AE, there's some serious BS in that story

The video says that North Korea's hacking teams have been linked to serious events including the 2014 Sony hack.

What the F***!?!

That was a ridiculous Obonzo administration pushed angle which EVERYONE now knows is false. It was a disgruntled former Sony employee. But that stupid ass article has the nerve to cite it as though the bizarre initial story pushed by Obonzo was shown to be a complete fabrication!

happycamper515
Sep 14, 2017 - 10:40pm

Cyber warfare to take out Nork missiles

This article reminds me of the model rockets I used to fly as a kid when my dad would take me to the park and we loaded a powdered rocket engine into a home made model rocket then pushed a button to launch it into the sky. Norks would be forced to hard wire missiles and Dough Boy sitting next to the launch pad with a long cable and button to push LOL.

https://www.cnn.com/2017/04/18/asia/cyber-missile-defense-north-korea/in...

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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
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Key Economic Events Week of 2/10

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Key Economic Events Week of 2/3

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Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
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1/29 10:00 ET Pending Home Sales
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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

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
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Key Economic Events Week of 1/6

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12/19 8:30 ET Philly Fed
12/20 8:30 ET Final guess Q3 GDP
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Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
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12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
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12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
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