Podcast

Welcome to this week's Metals & Markets podcast, I am your host James Anderson of SD Bullion. Listener note to begin as I am traveling late this week.

Thus this Metals and Markets Wrap was completed prematurely to the close of the week’s precious metals trading action.

As of Wednesday evening, both silver prices and gold prices were trading slightly higher than the close of last week.

Simply look at the top of either SDBullion.com or SilverDoctors.com to find closing fiat Federal Reserve note precious metal spot prices for the three majors.

As for the Federal Reserve, don’t call it QE Chairman Jerome Powell stated on Tuesday that he and his colleagues at the US central bank, “will soon announce measures to add to the supply of reserves over time.”

Mixed mostly sideways week for precious metals spot prices in fiat US dollar values.

The spot silver price ends at $17.60 oz.

The spot gold price ending around $1,506 oz.

Platinum dropped substantially this week, ending at $883 fiat Federal Notes per ounce. This platinum price is about as cheap to gold as platinum has been in over 100 years of time.

And the spot palladium price closes at $1,675 oz only a few fiat Fed Notes from its all-time nominal price high.

The gold-silver ratio is again over 85. Silver remains as cheap to gold as it has been since the early 1990s (look at

In this week's SD Metals & Markets Wrap podcast, we dive into details and questions on why is the Federal Reserve now injecting daily over $100 billion fiat Federal notes into overnight lending?

Why do we see the Fed do Repo operations for the first time since 2008?

Why is demand for overnight cash still being oversubscribed even after the Federal Reserve almost doubled the initial market intervention amount?

When are we going to find at the real reasons this happening? 

Is this all again leading to an eventual QE on-demand lending facility by the Federal Reserve?

Not only a strong end to the week for the monetary precious metals prices, but also a week that began with one of the biggest bombshell news items and criminal lawsuits filed against the often alleged silver and other precious metals market rigging bank, JP Morgan Chase.

Chris Powell of the Gold Anti-Trust Action Committee (GATA.org) drops by to discuss this US Department of Justice RICO criminal lawsuit against the Global Head of JP Morgan Precious Metals Trading Desk and other silver, gold, platinum, and palladium trading executives at the too-big to restructure bank.

We dig not only in the details of the train wreck that is JP Morgan in 2019 but also how disgraced the LBMA and CME Group's COMEX NYMEX are by association and public record documentation.

This bombshell lawsuit is just a fraction of the story to likely unfold. Come on inside.

Not merely a returning guest, but a returning original host of this SD Metals & Markets podcast.

Eric Dubin drops by to talk financial markets and some of the craziest news from this week.

Such as a more than 23 yr employee and the up until last month, the global head of JP Morgan’s precious metal trading desk has been on a leave of absence from work. We ponder what that might mean as the US Department of Justice continues its investigation of financial crimes committed for more than a decade at that bank’s derivatives trading desks.

President Trump tweeted on 9/11 for the Fed to cut not just to Zero percent but even nominal Negative Interest Rates ahead. If you think gold loves negative real rates, just imagine what nominal negative rates in the USA could do to the over-leverage gold derivative complex.

Those topics and more covered in this week's Metals & Markets bullion podcast.

Another intense week for the precious metals complex, with monetary spot prices peaking in the middle of the week.

On Wednesday, the spot gold price briefly eclipsed the critical $1550 level. It remains questionable if gold will make a run for $1600 or need some time to gather energy.

It was one year ago, the last time we spoke with Ned Naylor-Leyland in London.

I spoke with him yesterday, Thursday, September 5th about the significant changes in financial market sentiments since we last spoke. We primarily focus on the silver market.

What are the catalysts which will drive a raging bull market for precious metals? 

Dave Kranzler comes back on our gold silver podcast Metals & Markets Wrap.

We talk about the bullishness in bullion values of late. What he is seeing and perhaps expects in the financial markets to come.

We also touch on easy to perform gauges for the current precious metal market sentiment. Timeframes that may have been similar this century.

And what is going on in the precious metal-loving eastern world versus the western world? Come on in, the PM market is warming up.

Another longtime JP Morgan precious metals trader busted by the US Justice Department this week.

In the last three months of time, we have witnessed over 100 million troy ounces of silver bullion flow into three major silver ETFs.

An amount of silver bullion nearly equivalent to both the 1980 Hunt Brothers and late pre-2000 Warren Buffett Berkshire Hathaway silver hoards. 

This week, we speak with multi-decade silver analyst Ted Butler about these big silver news items and more.

Imagine growing up your formative years, middle to upper-middle class, in a society that appears to have figured it out.

Only then, over a matter of months, have the rug of reality pulled out from underneath your culture. And watch as wealth transfers from the many to the inside knowing few, and worse, you are all left with a society whose trust and confidence in one another has been effectively broken.

That is essentially what today’s first-time guest had happened to him in his native nation of Argentina. A nation which by appearances was prospering in the 1990s. But it was artificial prosperity from a dual fiat currency peg that could not last. 

By late 2001, the country was suffering from bank runs, account freezings, forced conversion of fiat US dollar accounts at a 1 to 1 parity into Argentine Pesos, and then overnight devaluation leading to losses of over 2/3rds of many people’s life savings. The beat sadly continues on into Argentina 2020s, as their fiat currency is now worth only about 60 pesos to the fiat US dollar now. Here the effects this has had on those living through it.

Is gold now leading a coming commodity value reversion? How does this commodity undervaluation versus stocks look over the last +100 years of time?

Why have silver values decoupled from stock price inflation? A once obvious correlation fell apart after the 2008 financial crisis. Is outsized stock market financial engineering using debt and equity share buybacks to blame?

What does the "In Gold We Trust" team think about recent strength in monetary precious metal values? How does Exter's Pyramid factor into the potential gold mania phase ahead?

Ronnie Stoeferle returns to our far-ranging silver and gold podcast this week.