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

imach1
Feb 9, 2018 - 12:09am

Another view amazing

Video unavailable
imach1
Feb 9, 2018 - 12:11am

Chris Marchese: Silver Miners In Trouble...Again?

Chris Marchese: Silver Miners In Trouble...Again?
imach1
Feb 9, 2018 - 12:12am

4 Reasons Why Stocks are Risky Right Now The Atlas Investor Podc

4 Reasons Why Stocks are Risky Right Now
AGXIIK
Feb 9, 2018 - 12:38am

Maybe Hoffman has CDS Crypto derangement syndrome

I know how it feels in that I'm still enthralled with gold and silver, creating my own self contained derangement syndrome. Lead has the same effect only different for different reasons. 14-15 students at the range this Sunday, all going for their carry permits. Gotta love it

This 1000 point drop in the DOW. I saw that movie 10 years ago when the VIX was up 30-60 and the DOW was whipping up 300, down 500, up 250, down 400, often in the same day or within one week.

If this was a 3 day weekend we'd could be rightly fearful of what might come next Tuesday but heck, it's only Lincoln's birthday and what did he count for? Not enough to get a Fed holiday, I guess.

Maybe Presidents day, a Fed holiday on the third Monday, could produce some fireworks if this whippy market continues jacking us up and down. I'd prefer a banking holiday that puts the bankers on permanent holiday but what do I know.

AGXIIK
Feb 9, 2018 - 12:38am

Maybe Hoffman has CDS Crypto derangement syndrome

I know how it feels in that I'm still enthralled with gold and silver, creating my own self contained derangement syndrome. Lead has the same effect only different for different reasons. 14-15 students at the range this Sunday, all going for their carry permits. Gotta love it

This 1000 point drop in the DOW. I saw that movie 10 years ago when the VIX was up 30-60 and the DOW was whipping up 300, down 500, up 250, down 400, often in the same day or within one week.

If this was a 3 day weekend we'd could be rightly fearful of what might come next Tuesday but heck, it's only Lincoln's birthday and what did he count for? Not enough to get a Fed holiday, I guess.

Maybe Presidents day, a Fed holiday on the third Monday, could produce some fireworks if this whippy market continues jacking us up and down. I'd prefer a banking holiday that puts the bankers on permanent holiday but what do I know.

happycamper515
Feb 9, 2018 - 3:17am

Surprise Surprise

PMs under pressure again.

Markedtofuture
Feb 9, 2018 - 5:54am

Soros – One of the Greatest Threats Against Society?

Posted Feb 9, 2018 by Martin Armstrong

It is no secret that I have no respect for George Soros and that is aside from the fact that we would often be on opposite sides of the market. I never saw Soros as a great trader. Even the reputation that he broke the Bank of England was nonsense. The “Club” was all on that trade and it was a guaranteed trade where if the peg broke, you made a fortune and if you were wrong, you got your money back. I was on the opposite side back then being called in by those in the British government. After a 7-year bull market in equities, Soros finally threw in the towel ending his bets on the stock market crash only after being wrong for so long.

Soros lost big time on the Russian manipulation when the “Club” was bribing the IMF to keep the loans to Russia going so they could make a fortune in interest rates. That failed and ended up in Long-Term Capital Management debacle. Soros lost $2 billion on that one. I believe he also lost when the “Club” was targeting the Japanese yen in 1999. So I never saw Soros as some fantastic trader. I believe he was just simply on the right side of a few big plays orchestrated by the “Club” and never by himself.

I personally find him very dangerous politically. He stands for control of the people and is always plotting for the manipulation of society. He is always on the side of Marxist/Socialism and disturbs me greatly. This is just his political philosophy. There has been a rising movement against Soros on a global scale. This is one person who the world will celebrate his death – not morn it.

The Telegraph is now reporting that Soros “is one of three senior figures linked to the Remain-supporting campaign group Best for Britain who plan to launch a nationwide advertising campaign this month, which they hope will lead to a second referendum to keep Britain in the EU.” Soros is on the wrong side. Europe has no chance of the EU Project actually succeeding long-term. The entire structure is completely unsound and the political process is anti-Democrat. The EU was purposefully designed to be as close to a dictatorship where the people are not trusted to make any decision and are too stupid to even know how to spend their own money. Nobody in the Troika ever stands for an election and they are the people who rule with an iron fist over the economy.

https://www.armstrongeconomics.com/international-news/britain/soros-one-...

phoenixphoenix Markedtofuture
Feb 9, 2018 - 6:45am

Soros

It is time to understand the truth of the color

revolution warfare deployed against Ukraine, and Russia,

three years ago, and how the same networks are now

committing warfare against Americans at home

https://larouchepub.com/pr/2017/Xproof%20Nazis%20in%20Ukraine.pdf

Thomas More happycamper515
Feb 9, 2018 - 7:03am

But Holding

Things seem to have changed. Volume seems to be lacking versus what we have become used to - thinking of the SP here - but same for bonds and gold. In French we say Le calme plat - flat calm - which granted gives an uneasy feeling to the Pavlov dog in me. What I like seeing is the big after-market bounce come off of the SP futures, like the Europeans were patiently waiting for the opening to dump some more stock.

Blythesshrink
Feb 9, 2018 - 7:55am

Well Andy Hoffman may not

Well Andy Hoffman may not want gold, but someone surely does, lease rates spiking up further. Looks like ~1300 may be the new physical bottom.

https://www.goldchartsrus.com/chartstemp/PM4XChartslt.php

Blythesshrink
Feb 9, 2018 - 8:04am

Do people remember Andy

Do people remember Andy Maguire saying that Goldman were in buying physical gold for themselves and that the banks were turning on each other. Now we have the GS press report predicting 1450 gold - perhaps that means GS have finished acquiring?

All we need now is for JPM to come out with a silver price forecast of 19$+.

silver10sguy
Feb 9, 2018 - 8:12am
pabste
Feb 9, 2018 - 8:25am

Interbank lending rate: OH SH**T!

THE BANKS ARE GETTING OUT FIRST: WHERE DID ALL OUR MONEY GO? | Lynette Zang
Thomas More pabste
Feb 9, 2018 - 9:05am

Good post pabste

We are all groping in the dark here - hoping to find a pleasant surprise like that curling girl!

yukon123
Feb 9, 2018 - 9:13am
abguy4 pabste
Feb 9, 2018 - 9:15am

GREAT post Pabste

that is a Slam-Dunk great video

everyone --- watch the first 6 - 8 min.

Yup - It was the CB's..............................Again~!!

Thomas More
Feb 9, 2018 - 9:44am

spot Gold

Japanese expression:

The protruding nail gets hammered down.

And what a coincidence that this happens at the stock opening.

Bollocks
Feb 9, 2018 - 9:57am

Maloney latest

Is This The Crash? Gold, Silver & Bitcoin Update - Mike Maloney
pabste matt_
Feb 9, 2018 - 10:07am

matt- More Cramer bullshit!

I still remember Cramer saying BUY Bear Stearns? What a frickin genius?

Markedtofuture
Feb 9, 2018 - 10:32am

Vitaros

DYODD...

ALTUCHER’S FEB. 17 DEADLINE “WINDFALL PROFIT OPPORTUNITY” FROM A “TINY CALIFORNIA BIOTECH”

What's being promoted in ads for Microcap X Advisory? Their special report is called "Windfall Profits: Biotech’s Next 54,600% Medical Breakthrough"

https://www.stockgumshoe.com/reviews/microcap-x-advisory/altuchers-feb-17-deadline-windfall-profit-opportunity-from-a-tiny-california-biotec

canary
Feb 9, 2018 - 10:45am

I don't know about Cramer's economic/investing skills...

I always looked at him first as a comedian and clown......He was pretty good at that.

Ned Braden
Feb 9, 2018 - 11:28am

I met Cramer one time in NYC

His off-air persona is very very different.....just sayin'

EDIT: (This was before the Bear Stearns call.)

SteveW
Feb 9, 2018 - 1:07pm

Interbank lending

pabste: Nice find.

abguy4: Thanks for pointing out the juicy stuff. I just can't watch 40+ minutes so I usually totally miss these videos.

Bollocks: I like Mike Maloney, he delivers his occasional stuff inside 10 minutes.

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