Join us on today’s show as we have Don Durrett, a respected Gold and Silver mining stock analyst from goldstockdata.com. Don, also a writer at Seeking Alpha, shares his views on the future of the gold and silver markets, macroeconomics, and the BRICS’ impact on global de-dollarization. Get ready for valuable insights in this episode!
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36 Comments
Real value is greater than monetized debt. So I believe when the air is let out of the balloon things appear nearly limitless to purchasing power of PMs.
Minute 34:15 in; How ridiculous! A company would never make such a statement. That's absurd. It would only exacerbate the situation. Never happen. Dumb statement.
WAR
WOT.. if gold makes it to 3000? Maguire gold at 12000, Zang gold at 33000, Rafi 40000, Sinclair 55000, Holter 75000.. and noting a baseless bit of digital coin at 30000.. come on, have some gonads…
Stacking during this dip. Buying on the way down
You talk way too fast. I heard "retarded guest." It took me a brief moment to figure out you said "returning guest." Don't make your listeners work.
Peter Goodburn who is a 4 decade long Elliott wave master technician is saying SPX 2950 bottom by late summer early fall. He also says Gold will go as low as 1780 but maybe holds 1800. He says that Silver will outperform Gold the next few years and Platinum will outperform Silver. He shoed platinum coming back down to possibly 850 before hitting a hard bottom. He also says miners/GDX explodes upward and next year will be around 60-65. 2025 GDX possibly 120 according to him.
The evil bullion banks donโt want people to own physical precious metals plain and simple hence the continued price rigging and suppression
I bet silver goes down
the only way gold and silver are going to break out is if brics backs their currency with gold.way to much manipulation.premiums may be as high as spot price for silver at some point
Silver will surpass Gold. Silver will soon be over 2500.
and i was just ready to sell, sell, sell hahahahaha
Any thoughts on Rickards' assertion that August will see the BRICS asset-backed currency launch?
There are not very many 1000 Ounce Gold Bars on the Market because it is being Hoarded by many Countries and it's just not being Mined , Now Silver is not being Mined as much right now as it cost too Much to Pay these guys , J.P. Morgan still has 200 Million Ounces and someone dropped 62 Million on the Comex well that brings fear that they can do this at anytime , but I don't think they want to Put their Silver on the Comex . I see Silver at $60.00 an Ounce by Mid November and Higher in the Next Year . But this is a Long Game .
So Mkts Up is Bad for Au, Mkts Falling Drags Au w/ it. Rates Rising is Bad for Au, Rates Falling Means Bonds Rallying & Bad for Au … Looks Like Au is Simply Hopeless, No Wonder Nobody Wants Miners, They're Heading for Bankruptcy before Au Catches a Bid. Might as Well Join the Fools & Chase FANGs
Agree with everything except that BRICS currency will be a game changer. They will encounter the same problems the EU (and US, UK, etc.) only much worse if all the global south countries join. Already, South Africa is on the brink of totally destruction. Would rich countries subsidize the poor like Germany did? The original EU charter had strict limits on deficits but that couldn't be maintained. How will money be created and distributed? How will the currency and underlying commodities be valued? How will the economies of poor countries grow? Will bonds be issued and how will the debt be serviced? Will there be a central bank? How will each country's political objectives be factored in? I believe launching a BRICS currency will prove way more complicated that most experts are assuming.
Metals have gone down in the summer for the last 10+ years. Nothing new. If you think the politicians are going to let the dollar get killed so the metals people can make a buck, good luck with that.
Recession is now defined by how markets are doing. (Since trump?)So as long as Fed's trading desk can float the market we are not in a recession.
This market will be irrational well beyond our financial ability to exploit its irrationality.
Can you explain the recession trade as dollar up gold down but fear trade as when institutions start digging? Its kind of an oxymoron. And then my mind goes to fed trading desk manager or jpm, etc. If gold has to wait for institutions buying whom are controlled by banks as we noted during covid19 mask controlled, metals/miners will eventually become owned by banks completely. Only way metals get relief is a calvary comes to end the corruption, until then be happy with whatever price you get. Numismatics may be the only investment uncontrolled.
Rob and Don this was a fascinating interview with lots of good info. Don I appreciate your candor with silver miners. Thank you both!
Thanks rob for this great content
WOW, That was best show on the mining industry ever!!
Great job, Thanks Guys!
I like you guys, but your inconsistencies throughout this conversation made it hard to listen to. "Miners will take off In July", oh but S&P to fail in July and gold will sell off, but then recover and "off to the races". Back & fourth, blah blah blah. Gold to break $1900, then lower but hold $1650…..but saying miners are super cheap right now. Geez….what a yo-yo discussion. Disappointed.
i hodl physical gold but i dont really believe in all these amazing predictions.
demand for cars will go down, read the wef reports on the future of mobility
is this guy even going to be alive in 5 years? he says he has no problem waiting that long
I'm looking for $1780 and I'll be a buyer, beyond my normal dollar cost averaging in.
If the US pulls back it's protective role of policing worldwide trade routes by way of our world wide Navy acting as the world's police force, I see the BRICS nations having to take that over. Can they do that and guarantee safe worldwide trade?
The way I see it there's only two ways to invest.. you can invest in fraud which includes all paper and digital assets, currencies stocks bonds treasuries all forms of IOU's cryptos, or you can invest in truth.. which includes physical gold, silver, Platinum, palladium.. in my humble opinion the truth always comes out in the wash.. truth always wins in the end.. I invest in truth and only truth!! Good luck everyone and God bless ๐
BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.
I agree with the guest. We are close.
Left out of the conversation so far โ is that it is suggested JP has 300-500 Million ounces. Note more drawdown on the LME. A multimillion ounce move to registered, and the recent data showing China needing double that in 3 years. JP does not do anything without massive profit expectation
This guy is spot on
Gold will tank…
Penasqito is still shut down and that is 100,000 ounces a day of lost production. 18 days shut down…thats 1800 of those COMEX bars.