The pull back in gold prices has been widely expected and anticipated. Gold bull markets don’t go up in a straight-line. Of course it’s painful to see your portfolio value go down quickly. But Jamie says that even at $1800 gold everything in mining stock portfolio is still worth holding on to. When it comes to Bitcoin vs. Gold, Jamie observes that there’s no leverage in BTC. Gold miners give an opportunity for major leveraged returns. While BTC has had a major move, it hasn’t gone up 100 or even 10 times. What we do know is that we don’t know what will happen with Bitcoin during these uncertain times. However, based upon history, we can  get a very good idea what will happen to precious metals. And that’s why the case for mining stocks is so compelling. 

Direct download: Jamie_Keech_24.Nov.20.mp3
Category:general -- posted at: 8:01am EST

Andy Schectman, CEO of Miles-Franklin joined us. We've seen a rather rapid decrease in precious metals prices during the past week. But Andy isn't concerned in the least. It's just an effort by the bullion banks to squeeze out weak holders. But it's destined to fail, because the people who actually take delivery from the Comex will not be cowed. They are family offices, hedge funds and sovereign wealth funds who understand that the time to buy gold is now. Andy explains that we are approaching contract expiration and that the goal is to stop this group from standing for delivery. It's all part of an elaborate effort to stop the outflow of metals from the Comex. And it's doomed to failure. Which is why the price for gold is going up no matter what. 

Direct download: Andy_Schectman_23.Nov.20.mp3
Category:general -- posted at: 8:00am EST

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