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Thursday Conversation - Alasdair Macleod

58

Our pal, Alasdair Macleod of GoldMoney, stops by to discuss his forecast for 2020 and the factors that will drive prices through the year.

Over the course of this call, Alasdair and I address three, primary points:

  • Ongoing Fed "not-QE" and how it must continue in order to fund the US fiscal deficit.
  • Central Bank demand for physical gold vs Bullion Bank supply of synthetic gold.
  • Given what appear to be stresses at present, can/will the fractional reserve and digital derivative pricing scheme survive through 2020 and beyond?

Alasdair has several other important issues on his mind as the new year begins so I strongly encourage you to read his 2020 forecast. Here's the link: https://www.goldmoney.com/research/goldmoney-insights/gold-s-outlook-for... While you're there, be sure to check out all of the great products and services that GoldMoney provides, as well.

Thanks to Alasdair for his time and thanks to everyone for listening.

TF

  58 Comments

Jan 9, 2020 - 3:36pm
Benitho
Jan 9, 2020 - 3:37pm

oops

1st ?

AGXIIK
Jan 9, 2020 - 3:50pm

I'll take silver

But gold is good too

BTW If a president can murder a civilian or foreigner with a drone, ya think they can issue an EO to confiscate gold? That's some small ball POTUS ink done around 11.55 AM DC time

OskarTF
Jan 9, 2020 - 4:16pm

Great podcast, and Kerry Lutz

Great podcast, and Kerry Lutz is hilarious. He continues to say 2009 instead of 2010. He did this weeks ago when you were last on, too. He must be confused by the +9 part. Kind of Bidenesque.

allenb
Jan 9, 2020 - 4:49pm

Thanks Craig

Another excellent podcast.

I will be flying to U.S. tomorrow so travelling all day but look forward to reading Alasdair's forecast, listening to the Kerry Lutz audio and catching up with what is happening here in Turdville at the weekend.

Jan 9, 2020 - 5:04pm

latest

How can ANYONE take seriously and believe the .gov version of events?
This is utterly ridiculous. They're not even making an effort at coverup because they know that no one really cares.#Epsteindidntkillhimself #EpsteinCoverup #NotaNoosehttps://t.co/zMueZkzjna pic.twitter.com/CJxXEsTnmu

— TF Metals Report (@TFMetals) January 9, 2020

https://www.cbsnews.com/news/did-jeffrey-epstein-kill-himself-60-minutes...

silverseekerTF
Jan 9, 2020 - 5:49pm

Its obvious there are many...

whom care a GREAT deal about Epstein and NEED him to dissappear down the memory hole. This and a thousand other reasons to get as far removed from the system and those whom control it as is practicable.

Excellent interview w Alasdair, thank you! I recall Kyle Bass referring similarly in 2015 to the massive and growing hypothication problem as one you must front run; and own physical. It is now as overtly corrupt as the joke of missing Epstein videos.

Stack on while you can still pick your shots!

brolgaboy
Jan 9, 2020 - 6:09pm

Prediction

Mossad will nab Epstein and Maxwell in Argentina.

Late night low flying helicopters

you knw the drill

oh wait....

MarcusTF
Jan 9, 2020 - 7:12pm

Epstein

Either TPTB are stupid or they think the people are. Probably a bit (or a lot) of both.

In the meantime, here's something a bit different to lighten the mood...

(Alasdair is wonderful to listen to, by the way. So insightful and well spoken. A class act).

When a professional musician sits down at a public piano...
Sovereign
Jan 9, 2020 - 7:28pm

Repeating this comment from the previous post...

...because, while a little off-topic to the current blog post, I think this is a very useful article for people to read to give a greater contextual understanding of the 'why' of the recent 'disruptive events' from which our miners have been trashed temporarily.

* * *

Here's a good explanation for the recent gangland assassination

Michael Hudson's article here is among the best I've found to explain just WTF the reaper 'driveby' [flyby] assassination at the Baghdad airport the other night was all about and why. Think of it as rival mafia gangs engaged in turf wars and the US "Don" took out a principal of the rival family... Hudson explains WHY.

https://www.zerohedge.com/geopolitical/hudson-de-dollarization-americas-...

As a post-script, I will add that it is for THIS reason that the Iran-US imbroglio is just getting starting for this round of escalation and this is why I previously commented that this conflict is NOT going away any time soon. It can ONLY escalate.

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

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Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

Key Economic Events Week of 1/6

1/7 8:30 ET US trade deficit
1/7 10:00 ET ISM Services PMI
1/7 10:00 ET Factory Orders
1/8 8:15 ET ADP employment
1/9 8:00 ET Goon Chlamydia speech
1/9 1:20 ET Goon Evans 2:00 ET Goon Bullard
1/10 8:30 ET BLSBS
1/10 10:00 ET Wholesale Inventories

Key Economic Events Week of 12/16

12/16 8:30 ET Empire State Manu Idx
12/16 9:45 ET Markit flash PMIs Dec
12/17 8:30 ET Housing Starts and Bldg Perms
12/17 9:15 ET Cap Ute and Ind Prod
12/19 8:30 ET Philly Fed
12/20 8:30 ET Final guess Q3 GDP
12/20 10:00 ET Pers Inc and Spending
12/20 10:00 ET Core Inflation

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

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book

Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts & Bldg Perms
11/20 2:00 ET October FOMC minutes
11/21 8:30 ET Philly Fed
11/21 10:00 ET Existing Home Sales
11/22 9:45 ET Markit November Flash PMIs

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

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