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Transcript of the 6.14.12 Precious Metals Market Report [PDF]
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1. Introduction & Theme – 0:00 – Theme: Financial Salt Water Taffy. We are joined by my partner in Sea Lane, Chuck Gibson, who will speak of and respond to numerous questions on hedging your precious metals positions – the pros and cons of various options. Jon Rappoport has agreed to provide us with a monthly interview exclusive for the Solari Report which we will be publishing in the last week of the month. More on that when Jon joins us next week.
Next luncheon for Subscribers is on June 30 in Cincinnati. If you would like to join us, sign up here. …
2. Money & Markets – 02:09 – Lots of news. Eurozone: Spain asks for bailout; Greece elections this weekend; Ireland sentences bank execs responsible for banking collapse. Asia: China offer for metals exchange. Middle East: Japan to pass bill to insure Iran oil imports; sanctions bite. China, Japan, India, South Korea have cut their purchases. US Economy: Natural gas shift continues. Listen to Catherine’s last interview with Oil Card author, Jim Norman. Robotics in the news; see several blog posts. See “Why Apple is Afraid of Bitcoin.” Jamie Dimon of JP Morgan Chase apologizes, continues to oppose financial services regulation and Volker Rule. North Dakota voters reject discontinuance of property taxes. Court orders for electronic surveillance. Carville memo explaining to people in Washington what it’s like to live in America. No GMO victory in California. Heroes of that successful effort: Dr. Bronner’s Magic Soaps, Lundberg Family Farms, Straus Family Creamery. Worst idea of the week: Gates Foundation funding testing of galvanic bracelets (like a lie detector) on school children. …
3. Solari Hero – 12:12 — Dr. Jim MacKimmie – Healer, author of Presence of Angels: A Healer’s Life. See the blog post. Also (listen in Money & Markets) Lundberg Family Farms, Straus Family Creamery and Dr. Bronner Magic Soaps for their efforts regarding the successful California GMO labeling initiative. …
4. Ask Catherine – 12:54 — Oanda suspending trading this weekend for investors? Response to request for best graduation speech/advice. …
5. Interview – 15:16 – Franklin Sanders and special guest Chuck Gibson – What about a gold/silver swap? Franklin explains future options and hedging. Chuck Gibson talks about hedging through a brokerage account and options for hedging gold and silver. What can we expect for the rest of the year? Franklin: More volatility; this will push gold and silver higher faster. Chuck: Agrees with volatility but believes the down side will be limited. It’s a time to be cautious. Catherine: It makes the argument for sticking with the “primary trend.” Catherine explains ‘radical re-engineering.’ Find more of Chuck’s writing at financialperspectives.biz. …
8. Up Next & Closing – 58:59 – Jun 21, Catherine with Jon Rappoport on Best Books for the 21st Century. Jul 5, Dale Dougherty on The Maker Movement. Jul 12, Precious Metals Market Report with Franklin Sanders. …
“Whom the gods would destroy, they first subsidize.”
~George Roche
By Catherine Austin Fitts
It’s time for the Precious Metals Market Report. We certainly have plenty to talk about. Franklin will be updating us on the latest developments and outlook in the gold and silver market. In response to your questions, we will also be addressing options for hedging precious metals.
For our discussion of hedging, we will be joined by my Sea Lane Advisory partner Chuck Gibson. Chuck is the managing member of Financial Perspectives in the San Francisco Bay Area. He is a gifted investment advisor, a clear thinker and great teacher on financial subjects.
I will start with Money & Markets. Send questions for Ask Catherine as well as for Franklin and Chuck.
In Lets Go to the Movies, a comment on the documentary Quants: The Alchemists of Wall Street. It describes some of issues faced by analysts who use quantitative methods to price and manage financial risk and how the resulting models are used and misused. A picture of a speculative financial system disassociated from life and nature emerges.
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Talk to you Thursday!