Ned Schmidt - Insights on the Gold Market – Thu 4 Jul, 2019

The changing characteristics of the gold market and broad markets

Ned Schmidt, Founder of The Value View Gold Report joins me to share his bullish outlook for gold. We discuss the long term range that gold just broke out of and what that forecasts moving forward. We then move to the performance of gold compared to US markets. Finally a comment on the continued move to lower interest rates around the world.

A very happy 4th of July to everyone!!

If you would like more information on Ned’s newsletter please email me at Fleck@kereport.com.

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Comments:
  1. On July 4, 2019 at 12:46 pm,
    OOTB Jerry says:

    Great comments…….Ned

  2. On July 4, 2019 at 1:50 pm,
    b says:

    Good interview.

  3. On July 4, 2019 at 2:00 pm,
    b says:

    imo the growth is going to happen in Russia.

    American companies are set up to rape Brazil of their resources.
    No more BRIC, its now RIC altho India is wavering, but once they are onside things will move more rapidly.

    Myanmar? Has suggested that gold should be used for international trade settlement.

    With China,Russia and others dropping the american dollar as they see it as untrustworthy and moving to gold, you would think that would put upward pressure on the price of it.

    Especially when countries that sold all theirs realize they are going to need it to trade in the east. Canada and Britain.

    Combining these things kinda makes a long upward trend in gold sound reasonable.

  4. On July 4, 2019 at 3:45 pm,
    OOTB Jerry says:

    Gold….looking good……..Up again…..

    • On July 5, 2019 at 6:57 am,
      OOTB Jerry says:

      Well gold was looking good…….until the London blow off…….
      Wonder how fake the job numbers will be found to be, with manufacturing over stocking

      • On July 5, 2019 at 7:01 am,
        OOTB Jerry says:

        London half paper, and crimex total paper waste…….selling will be helped by total waste of a good holiday spirit , as everyone figures out the Fake fed. and Fake govt numbers are not to be trusted…..Like where is the $21 Trillion….

        • On July 5, 2019 at 7:03 am,
          OOTB Jerry says:

          I do not see the DEBT CLOCK slowing down…….. ๐Ÿ™‚

          • On July 5, 2019 at 8:00 am,
            OOTB Jerry says:

            156 million in work force, of which 26 million are part time…..
            169 million receiving govt assistance……like duh

          • On July 5, 2019 at 8:02 am,
            OOTB Jerry says:

            156 Million in Workforce, of which 26 million are part time.
            169 Million receiving govt. benefits……….like duh

          • On July 5, 2019 at 8:47 am,
            OOTB Jerry says:
          • On July 5, 2019 at 9:53 am,
            JMiller says:

            Jerry,

            You state that 169 Million people are receiving government benefits. Please tell me were you got this data.

          • On July 5, 2019 at 10:12 am,
            Matthew says:

            The closest stat I could find shows 155 million receiving subsidized health insurance.
            https://psmag.com/economics/why-is-public-trust-in-federal-government-at-an-all-time-low

          • On July 5, 2019 at 10:44 am,
            Matthew says:

            Almost a century ago, some thought that the “government in this country has become dangerously complicated and top-heavyโ€ฆ.โ€
            —–
            Those people would have a heart attack if they could see what’s become of the country since.
            https://www.whitehouse.gov/about-the-white-house/presidents/calvin-coolidge/

          • On July 5, 2019 at 11:07 am,
            OOTB Jerry says:

            J.Miller…..check the Debt Clock…..just got that info today….

          • On July 5, 2019 at 11:09 am,
            OOTB Jerry says:

            Here ya go boyz………..check the lower right hand column…..
            https://www.usdebtclock.org/

          • On July 5, 2019 at 11:14 am,
            JMiller says:

            Matthew,

            I am confused with what that article is saying. That article states that approximately 155 million Americans who get health insurance through their employers are being subsidized the government. Nonsense. Every full-time job that I had I got my health insurance from my employer. My employer paid for most of it while I paid the rest, not the government. This article must be saying that because employers can write off the expense of paying for heath insurance for their employees then they are really getting money from the government.

          • On July 5, 2019 at 11:23 am,
            JMiller says:

            Jerry,

            Thanks for the info about the 169 Million people who are receiving government benefits (Medicaid and Medicare).

          • On July 5, 2019 at 11:27 am,
            OOTB Jerry says:

            J.Miller…..that total of 169 million might include food stamps also….

          • On July 5, 2019 at 11:33 am,
            Matthew says:

            Subsidies come in many forms, JMiller.

          • On July 5, 2019 at 11:44 am,
            JMiller says:

            Jerry,

            You are probably correct that the 169 million includes those also getting food stamps. However many of those people who get government benefits get more than one kind. For example 2 in 5 children get Medicaid. Many of them also get food stamps. They are being double counted. That 169 million number is wrong to add up the number of people getting each benefit. They are counting some people multiple times.

          • On July 5, 2019 at 12:15 pm,
            Matthew says:

            That’s a baseless assumption, JMiller.

          • On July 5, 2019 at 12:16 pm,
            OOTB Jerry says:

            J.Miller…….I bet the number does not include the students living in momma’s basement..

          • On July 5, 2019 at 12:32 pm,
            JMiller says:

            What baseless assumption are you referring to Matthew? That some people get more then one type of government benefit? LOL!!! Hey, just add the number of Medicare, Medicaid and food stamp recipients and you get the debt clock’s total receiving benefits. And yes many children on food stamps are also covered under a government sponsored health program. So that 159 million number counts people more than once.

          • On July 5, 2019 at 12:35 pm,
            OOTB Jerry says:

            J. Miller……..kind of like the job numbers….. ๐Ÿ™‚

          • On July 5, 2019 at 12:38 pm,
            JMiller says:

            Matthew says, “Subsidies come in many forms, JMiller.”

            No shit.

          • On July 5, 2019 at 12:42 pm,
            Matthew says:

            JMiller says: “Every full-time job that I had I got my health insurance from my employer. My employer paid for most of it while I paid the rest, not the government.”

            So what?

        • On July 6, 2019 at 4:03 am,
          paul says:

          JMILLER – good points again. Keep up the good work.

  5. On July 4, 2019 at 4:15 pm,
    cfs says:
  6. On July 5, 2019 at 5:36 am,
    Ozibatla says:

    Nose dive in gold! Looks as though consolidation might be order of the day for a little while… So long as support doesnt break!

    • On July 5, 2019 at 7:15 am,
      Silverdollar says:

      Dive! Dive! Dive! Gold pulling the old submarine trick……..at this stage in the game, it’s not any real surprise. Gotta do whatever to disappoint the small bunch of believers.
      My thoughts are it’s not going to go down much further. Consolidation for a month or so and a final low for this phase. The next upside is going to blow everybody’s mind. Better be on board!

      • On July 5, 2019 at 8:04 am,
        OOTB Jerry says:

        Crimex paper trading is all that is going on……

        • On July 5, 2019 at 9:28 am,
          b says:

          Reversals in price seems to happen alot on Fridays.
          Demand has been pretty strong lately, my guess is it turns around pretty quick.

          • On July 5, 2019 at 11:25 am,
            OOTB Jerry says:

            Let’s face it…….Crimex is nothing but paper…..according to Harry O…and others…

  7. On July 5, 2019 at 9:44 am,
    Matthew says:

    The metals and most miners will probably be in consolidation mode until the Fed meeting later this month.
    SLV:
    https://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=0&dy=9&id=p54496586804&a=674682922