Smaulgld On Shifty Precious Metals Industry Data – Welcome To Dystopia

dystopia

In the latest episode of Welcome to Dystopia, Smaulgld’s Louis Cammarosano breaks down shifty gold and silver industry data…

 

Kraken SDBullion

TND Podcast Spotlight:  Welcome To Dystopia

Jason Burack of Wall St for Main St and independent financial and geopolitical analyst Eric Dubin welcome special guest Louis Cammarosano of Smaulgld to the Welcome to Dystopia podcast.  Louis is a precious metal and real estate expert, who’s career includes teaching, and many years working in the technology industry and as a securities lawyer.

Louis believes the CPM Group and the Silver Institute use incorrect data. He says CPM doesn’t count investment demand in their demand calculations and that the Silver Institute doesn’t properly account for silver ETF holdings. Louis thinks the physical silver market has been in a major deficit for years.  The draw-down of gold out of GLD and other ETFs and the nature of ETFs were also discussed.

gold etf march 11 2016

Louis says investment demand and/or industrial demand for physical metal will force paper prices higher if the manipulators allow it.  Addressing supply side dynamics, Louis notes that Mexican silver miners have to increase silver production to pay bills even with low silver prices. He says this will continue until prices rise, or miners go bankrupt because no capital is available to them anymore.  Jason says the perfect storm for miners is if physical demand for metal grows, and there’s also supply problems.

Jason then asks Louis about the rally in oil, copper, base metals, etc. Louis thinks it’s not based on fundamentals and almost all short covering.

Besides accumulating physical precious metals, Louis says investors should be on the lookout for bargain dividend stocks of companies that can generate free cash flow and pay a dividend without using debt to pay dividends.

Jason then asks Louis what he thinks the world will look like in 10 years? Louis thinks governments will attempt to nationalize all central banks and even big banks and government will attempt to control all credit issues within its borders.

Scumbag Nominees:

  • Jason nominates the former CEO and COO of the popular charity the Wounded Warrior Project. These former executives paid themselves too high compensation and spent lavishly on parties and events instead of spending money on the recipients the charity was intended for. Less than 60% of the more than $1 billion raised since the charity was started in 2003 went to charity.
  • Eric nominates US District Judge George Daniels in New York, who issued a default judgement that Iran must pay $7.5 billion to 9/11 victims’ families.  Trouble is, Iran had absolutely nothing to do with 9/11.  This may very well be an example of the U.S. “Justice” system used for geopolitical propaganda purposes.  Given that Daniels’ “judgement” received almost no Western-based media attention, he deserves elevation to scumbag nomination.
  • Kraken SDBullion

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