Category: USAGOLD TV

Week in Review (Video) – September 16, 2016

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Week in Review (Video) – September 6, 2016

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Week in Review (Video) – August 26, 2016

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Week in Review (Video) – August 19, 2016

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Week in Review (Video) – August 10, 2016

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Week in Review (Video) – July 29, 2016

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Week in Review (Video) – July 22, 2016

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Week in Review (Video) – July 1, 2016

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Week in Review (Video) – June 24, 2016

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Week in Review (Video) – June 10, 2016

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Week in Review (Video) – May 27, 2016

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Week in Review (Video) – May 20, 2016

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Week in Review (Video) – May 13, 2016

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Week in Review (Video) – April 29, 2016

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Week in Review (Video) – April 22, 2016

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Week in Review (Video) – April 15, 2016

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Week in Review (Video) – April 8, 2016

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Week in Review (Video) – March 28, 2016

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Week in Review (Video) – February 26, 2016

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Week in Review (Video) – February 19, 2016

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Week in Review (video) – January 29th

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Fed Raises Rates – Impact on Gold – Low Gold Price Killing Miners – Emerging Market Currency Devaluation to Buoy Gold Demand

Roundtable 26:30 minutes
Fed Raises Rates – Impact on Gold – Low Gold Price Killing Miners – Emerging Market Currency Devaluation to Buoy Gold Demand
(December 18, 2015 discussion) Well, they did it. After months of anticipation the Federal Reserve finally moved to raise their benchmark rate by a quarter point. And though it seems you can’t escape hearing about how terrible this is going to be for gold (thank you mainstream media), you don’t have to look far to see that this move may very well have the exact opposite result for the yellow metal. Gold has, at this point, virtually fully priced in both the current hike and an additional one percent hike to rates over the course of next year. But how likely is this gradual tightening cycle, really? For starters, the Fed’s decision to raise rates looks to be nothing more than a ‘preservation of credibility’ play. After so much talk of doing it, the Fed had basically painted itself into a corner, and left themselves no choice. So to think they will automatically stick to projections moving forward is suspect at best. Decisions will remain ‘data dependent’, and as we all know, the data ain’t nearly as good as they want us to think it is. So with that in mind, if the consensus is gold has fully priced in rate hikes far beyond what may actually occur, it is suggestive of gold actually shrugging off its ‘expected performance’ as we move into next year.

Buttressing this notion, emerging market economies and resource economies both have seen their currencies devalue sharply as the dollar has strengthened and commodity prices have come under pressure. China saw 10 straight days of a declining Yuan (the longest such streak to date), and on the heels of a stock market crash, Chinese citizens will surely be looking to gold to preserve and protect their savings. As would anyone who is seeing their local currency devalue rapidly. Moreover, the depressed price environment has begun to have significant impacts on the mining industry. Most mines reported losses in the third quarter (and that was at $1200 gold!) and Anglo American recently made headlines when they cut nearly 75% of their workforce. And it isn’t a situation where as soon as prices recover, they’ll just ramp back up. A lot of these operations are ceasing to exist. If any kind of economic disruption should surface that drives a massive wave of gold demand, there simply won’t be enough to go around. The damage in essence, is done. And if you’re looking for the canary in the coal mine, look no further than the high yield ‘junk’ bond market. With three major funds closing their doors due to an overwhelming demand for redemptions, it’s not surprising Carl Icahn is calling this market a “keg of dynamite that sooner or later will explode”. And it wouldn’t’ be the first time the junk bond market precipitated a broader crisis.

All told, physical demand for gold and silver at the individual investor level remains enormously strong, with the US Mint expected to announce record silver sales for the year. It would appear, and rightfully so, that our clients, and good many other buyers the world over, aren’t exactly buying the main stream press’ narrative on the gold market. 26:20 Minutes, with Jonathan Kosares, Peter Grant and George Cooper.

Note: We had some technical issues with our sound but wanted to make sure you had the content of the video to view before the end of the year. The sound will be fixed for the next video.

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USAGOLD Roundtable Video: Russia/Crimea Gold ETF Inflows China Slowdown

(March 17, 2014 discussion) The Russian/Crimean conflict continues to underpin the gold price. Gold has risen roughly $75 from the outset of the conflict. Crimea voted Sunday to leave the Ukraine and join Russia – a move that will become official after a confirmation by the Russian parliament. Where Putin goes from here is anyone’s best guess, but one has to wonder what will come of other Russian speaking areas of Eastern and Southern Ukraine, as well as regions with similar influence in other former Soviet satellites. Needless to say, the destabilization of this area will remain in focus for the foreseeable future. Meanwhile, the rising gold price has attracted a renewed interest in the gold trade, with gold ETF’s showing their first inflows since late 2012. Gold ETF’s are required to secure in physical form each and every ounce that is purchased through within the fund. During the massive liquidation of gold last year, substantial physical supplies were noted to move West to East, and end up in strong hands in China. If ETF demand continues to increase, it will be very interesting to see whether or not the funds will be able to acquire the necessary gold. Global demand remains far above supply. Another very large mouth to feed could exacerbate the already burgeoning supply issues. The Chinese economy has begun to slow, and poses a potential headwind to equity values around the world. Moreover, China also allowed its first corporate debt default last week. Until now, Beijing had always bailed out any troubled companies to preserve confidence in its credit markets. We’re left to question how many more corporate defaults may come, and what the impact on investor confidence might be. As was the case here in the United States, any fractures in confidence usually lead investors to gold, and such activity will only further support gold demand. The dollar index has moved lower in its range and sits just above the critical support level of 79. A break below this level could cause a massive sell-off in the dollar index, a trend that will be supportive of gold prices. For example, when the dollar index last traded into the low 70’s, it paralleled the rise in gold to $1900. 29:11 Minutes, with Jonathan Kosares, Peter Grant and George Cooper.

http://www.usagold.com/video/20141703.html

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USAGOLD Roundtable Video: Where is the Bundesbank Gold? Improving Technicals Fuel Solid January

(January 24, 2014 discussion) Gold has enjoyed a nice start to 2014, after re-testing the low of $1180 hit last June on New Year’s Eve. The yellow metal now sits in the mid-$1260’s and from a technical perspective, appears to be gaining some traction. Meanwhile, numerous fundamental undercurrents have started surfacing, lending further support to the technical picture. As has been the topic of numerous videos past, the supply picture at the central bank level remains in focus. Of particular interest is the slow pace of Germany’s repatriation of its gold. Seeking only 300 tonnes over seven years from its roughly 1500 tonnes stored here in the U.S., Germany was able to repatriate a paltry 5 tonnes this past year, which BEGS the question, ‘Where is Germany’s Gold?’. The almost preposterously slow pace has left the market ripe with speculation on whether or not the gold has been leased, re-leased, re-hypothecated, or at worst, is simply gone. Meanwhile, Germany’s biggest bank, Deutsche Bank, is under investigation by BAFIN on their role in the manipulation of FOREX and precious metal’s markets. Coincidentally (or not), Duetsche Bank is simultaneously selling its seat on the London Fix. An interesting confluence of events to say the least. John Embry of Sprott Asset Management in an interview last week said he thinks gold will double in the next 12 months. A bullish prognostication to be sure, but isn’t too off the wall when you look at the developing chart pattern. If the double-bottom at $1180 holds, and gold manages to cross the middle of the “W” pattern at $1425, it could be nothing but blue sky to new highs. By achieving this technical move, most analysts agree that gold will have officially confirmed its bottom, which would likely prompt a resurgence in the gold trade. Sentiment can change on a dime and like a snowball rolling down the hill, momentum can gather quickly. Of course, we’re not out of the woods yet, but it is a compelling story nonetheless considering we’re only 10% or so below this level, and gold has already gained 6% in three weeks. Fears of slowing emerging market growth have slammed foreign stock markets this week, taking the US stock market with them. Funds seeking safety have fled to treasuries, the Yen and gold, and such capital flight could be just the fuel needed to challenge these important levels in the gold price. Time will tell. 28:08 Minutes, with Jonathan Kosares, Peter Grant and George Cooper.


http://www.usagold.com/video/20142401.html

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Year End Review, What to Watch for in 2014

Linked here is our latest video Roundtable entitled: Year End Review: What to Watch for in 2014

Happy Holidays!

http://www.usagold.com/video/20130912.html

Recap: In terms of price, gold has had a tough year. After starting the year at roughly $1700/ounce, the gold price fell through the first six months of the year hitting a low in mid June at $1180 per ounce. Even though gold has stabilized over the last six months, it is all but certain to have its first losing year after twelve consecutive years of gains. And while this has been somewhat difficult to digest for gold owners, many take resolve in the recognition that gold, as a non-correlated asset, has actually done exactly what it is supposed to do. And while mainstream financial media continues to pile on the yellow metal, we at USAGOLD are starting to see the makings of a recovery in the gold market. More and more analysts are stepping forward to announce their skepticism about the sustainability of the current rally in equities. The bond market has started to roll over, but remains in a sort of ‘no man’s land’, where yields are too low to attract long term investment, but appearing to be on the rise, crippling the premium trade. In some areas, housing is reaching the same levels seen toward the end of the housing bubble. Gold, it would seem, is one of the only remaining asset classes to appear ‘undervalued’. There is a general consensus that all markets have been greatly distorted by the Quantitative Easing policies of the Federal Reserve. Yet that said, gold has lost just about all of its QE premium. The same cannot be said for equities or bonds, further highlighting the attractive relative value of gold at this time. From a fundamental point of view, both gold and silver demand saw records this year. China will ultimately import close to 2000 tonnes of gold this year, which amounts to the entirety of global gold output. Taxes and tariffs have done little to abate Indian demand. Meanwhile, in the United States, 10 times as many silver Eagles were purchased by American investors as gold Eagles – a record. With such a strong fundamental underpinning, it seems the only thing holding the gold price back is technical weakness, and the absence of speculative money. That could change in an instant, and as gold appears to be finding a bottom, may not be too far off.

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USAGOLD Roundtable: Another June – Another Greek Crisis – Spain’s Bailout – QE case building in U.S.

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