George Gero - Managing Director RBC Wealth Management – Mon 4 Feb, 2019

PM Market Update – Open Interest and Major Drivers Ahead

George Gero, Managing Director at RBC Wealth Management joins me today to share his updates on the open interest in a wide range of precious metals. We also discuss the main drivers George sees ahead for the metals. Watch for inflation and a better metals environment heading into 2020.

George Gero
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Comments:
  1. On February 4, 2019 at 2:13 pm,
    OOTB Jerry says:
    • On February 4, 2019 at 2:14 pm,
      OOTB Jerry says:

      “under the thumb of the United States.”

      “That is a signal to every country that has or may have difficulties with the US, [that they had] better get their money out of England and out of London because it’s not the safe place as it once was,

      • On February 4, 2019 at 2:15 pm,
        OOTB Jerry says:

        He also said that the collapse of Britain as a global power, which was accelerated by Brexit, is now about to take another step.

        “One of the few things left for Britain is to be the financial center that London has been for so long. And one of the ways you stay a financial center is if you don’t play games with other people’s money,” he said.

        • On February 4, 2019 at 2:16 pm,
          OOTB Jerry says:

          “You can be sure that every government in the world is going to rethink putting any money in London, as they used to do, when they are watching this political manipulation with the money that they entrusted to the British. It is very dangerous for the world but for Britain particularly,” said Wolff.

  2. On February 4, 2019 at 4:09 pm,
    OOTB Jerry says:
    • On February 4, 2019 at 4:09 pm,
      OOTB Jerry says:

      People need to understand that the bankers need to collapse everything and leave the population in want of resources and supplies.

      • On February 4, 2019 at 4:11 pm,
        OOTB Jerry says:

        There are several actions you can take to prevent these people from gaining control over your life.

        You must be able to feed yourself-

        You must have a home to live in that you own free and clear-

        You need to be your own energy company-

        You need to be your own bank-

        You need to be able to defend what you have-

        You need to have skills to operate your own business-

        You need to promote a community based economy-

        To put it simply, you need to get out of their game and start your own. Remember, the house always wins.

        • On February 4, 2019 at 4:12 pm,
          OOTB Jerry says:

          The bankers can only win the game if people are dependent on the elite for everyday necessities. The bankers have created a society of dependent people that they can exploit. They can only continue to exploit people as long as they are dependent on the bankers for the things they need. Once this dependence is broken the bankers lose much of their control on society. This dependence is broken by people who can provide their own necessities.

        • On February 6, 2019 at 7:31 pm,
          Excelsior says:

          Well-stated OOTB.

  3. On February 4, 2019 at 5:37 pm,
    OOTB Jerry says:
    • On February 4, 2019 at 5:37 pm,
      OOTB Jerry says:

      There are few communities without a SWAT team today.

      In 1980, there were roughly 3,000 SWAT team-style raids in the US.

      Incredibly, that number has since grown to more than 80,000 SWAT team raids per year.

      • On February 4, 2019 at 5:39 pm,
        OOTB Jerry says:

        Where this becomes a problem of life and death for Americans is when these militarized SWAT teams are assigned to carry out routine law enforcement tasks.

        No longer reserved exclusively for deadly situations, SWAT teams are now increasingly being deployed for relatively routine police matters such as serving a search warrant, with some SWAT teams being sent out as much as five times a day.

  4. On February 4, 2019 at 5:42 pm,
    OOTB Jerry says:

    Funny how , it is always next year for the metals………

  5. On February 5, 2019 at 5:22 am,
    Excelsior says:

    Quadriga CEO Gerald Cotten dies, leaving $145 million of Cryptocurrency locked away

    By Daniel Shane, CNN Business 6 hrs ago

    “The death of a Canadian entrepreneur has left a huge stash of cryptocurrencies locked off from the people who own them.”

    “Quadriga, Canada’s biggest cryptocurrency exchange, said it’s unable to gain access to $145 million of $bitcoin and other digital assets after Gerald Cotten, its 30-year old CEO and co-founder, died of complications arising from Crohn’s Disease while traveling in India.”

    https://www.msn.com/en-us/money/companies/quadriga-ceo-gerald-cotten-dies-leaving-dollar145-million-of-cryptocurrency-locked-away/ar-BBTbC0G?li=BBnb7Kz

    • On February 5, 2019 at 6:36 am,
      OOTB Jerry says:

      CNN bs…….they are two days behind………….

  6. On February 5, 2019 at 8:37 am,
    Matthew says:

    Scorpio Gold Receives Plan of Operations Approval for Keystone Jumbo Exploration Project, Nevada
    http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190205:nGNX1LkqQV