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Top Three Videos – July 6 2023

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Vince Lanci: BRICS Planning Announcement On August 22
Arcadia Economics

Quick Summary: The BRICS countries are aggressively rolling out a gold currency and there may be an announcement on August 22nd, indicating a shift in global currency dynamics.

  • The US is backing off while BRICS countries assert themselves, with India using the Yuan for oil and the US dollar’s status as a global reserve currency potentially being threatened.
  • “Everything goes east except pricing power which is in the West denominated in dollars on comex well. That’s going to change.”
  • “Peak Silver is going to become a meme and people are going to use it to tell you to buy silver.”
  • China owns 70-90% of the market share in solar cells and panels installation, highlighting their dominance in the solar supply chain.
  • The elasticity of silver demand in the solar industry highlights its importance as a key component in renewable energy technologies.
  • The scarcity of primary silver mines and the potential decrease in byproduct silver from zinc mining could lead to a tightening supply of silver.
  • Silver’s exceptional electroconductivity makes it an essential metal in the conversation surrounding EVs and their components.
  • The announcement on August 22nd by BRICS may lead to the Yuan being backed by non-perishable commodities like gold and silver, potentially causing a currency war.

Transcript:

  • 00:00 The BRICS countries are aggressively rolling out a gold currency and there may be an announcement on August 22nd, indicating a shift in global currency dynamics.
    • The BRICS gold currency is being aggressively rolled out and there may be an announcement on August 22nd, but the speaker is unsure of the details and is currently trying to make sense of new research.
    • The speaker discusses their collaboration with a professional in the solar industry in China and the connection between recent news items and de-dollarization.
    • The BRICS countries are aggressively rolling out a gold currency and there may be an announcement on August 22nd, while the US is backing off and there are signs of silver shortages, increased use of the yuan for oil in India, and Yellen’s rushed trip to China, indicating a shift in global currency dynamics.
  • 03:38 Multiple exchanges with multiple contracts are popping up in BRICS countries, indicating a shift away from the dominance of the dollar in the precious metals markets.
  • 05:06 China and Mexico, the major silver producers, are running out of silver, which will impact the price as China’s dominance in the supply chain and increasing demand collide, prompting the US to consider drilling for more.
    • China and Mexico, the two major silver producing countries, are running out of silver and as China dominates the silver supply chain, their dwindling supply and increasing demand will determine the price of silver.
    • Chinese demand for solar panels has significantly increased, while the supply from China and Mexico is dwindling, leading to the US considering drilling for more.
  • 07:45 China is facing a silver shortage and controls the entire solar supply chain except for powder, while advancements in technology are making silver more cost-effective and efficient for industries like solar panels and windshield defrosters.
    • China is running out of silver and owns every value added section of the solar supply chain except for powder.
    • As demand for silver increases, advancements in technology allow for thinner applications, making it more cost-effective and efficient for various industries such as solar panels and windshield defrosters.
  • 10:13 The demand for silver in the solar industry is increasing as they aim to improve energy efficiency, leading to a shift in the model of using more silver for better product efficiency.
    • The demand for silver in the solar industry is increasing as they aim to improve energy efficiency, leading to a shift in the model of using more silver for better product efficiency.
    • The standard passivated emitter and rear contact cell will likely be replaced by tunnel oxide passivated contact and heterojunction structures in the next few years, as they require less material and offer increased efficiency.
  • 12:35 Increased demand for silver due to scarce supply and potential efforts to slow down silver coin production, as well as Toyota’s gains in solid state batteries leading to increased consideration of silver as an alternative.
    • Silver supply is becoming scarce due to the closure of a major zinc mine, leading to increased demand and potential efforts to slow down silver coin production.
    • Toyota announced gains in efficiency in solid state batteries, which may lead to increased consideration of silver as an alternative.
  • 14:22 Toyota is developing a battery for electric vehicles, Tesla will be the power source, and silver’s electroconductivity makes it important; market trends suggest potential future movement.
    • Toyota is focusing on developing a battery that will lead to widespread adoption of electric vehicles, while Tesla will be the power source generator, and silver will become an important metal in the conversation due to its superior electroconductivity.
    • The speaker discusses market trends and notes that there has been a failure to reach a certain point, indicating potential future market movement.
  • 16:37 Speculative buying may occur before August 22nd due to an upcoming announcement by BRICS, potentially involving the backing of the Yuan with non-perishable commodities such as gold and silver, leading to the emergence of commodity currencies and a potential currency war.
    • Speculative buying may occur before August 22nd due to an upcoming announcement by BRICS, potentially involving the backing of the Yuan with non-perishable commodities such as gold and silver, leading to the emergence of commodity currencies and a potential currency war.
    • Silver premiums and vault activity are important to watch, as chunks of three million are being moved in and out, with three million being the maximum that can be moved in a day.
    • The speaker explains that there are open contracts for silver delivery in July, and instead of emptying the silver vault, they will use it as a conduit for delivery, so when there is silver activity and the number is around three million, it indicates serious player money moving silver around.

Gareth Soloway- Why Tesla Is a National Security Threat No One Saw Coming, Plus the Sleeper Stock to Watch
Stansberry Research

Quick Summary:

  • The AI narrative has driven momentum in the stock market, with investors rushing in based on the belief in the potential of artificial intelligence.
  • Google could be a sleeper stock in the AI space, with potential opportunities for investment if it pulls back to around $108.
  • Investors may be overlooking a key factor that poses a threat to Tesla’s success, which is not being widely recognized in the mainstream.
  • The sales numbers for Tesla vehicles in China pose a potential national security threat, as China could leverage its influence to manipulate Elon Musk’s Twitter algorithms and potentially shut down Tesla in China, leading to a significant decline in stock value and Musk’s net worth.
  • Meta’s attempt to create a Twitter-like app makes sense as many users are spending less time on Facebook and seeking alternative platforms.
  • The gold price is expected to experience a breakout in the next few months, potentially reaching new all-time highs.
  • AI advancements will lead to exponential unemployment and increased inequality, creating more strife and discord in society.

Transcript:

  • 00:00
    • Wayfair, Ford, Snap, DoorDash, and Amazon stocks have all experienced significant declines, and a new report advises against investing in Amazon, according to Gareth Soloway.
  • 01:54 Despite forecasts of a market drop, the NASDAQ and S&P 500 had a strong first half driven by investor optimism in stocks and AI, but the speaker predicts a sideways market in the second half due to factors like declining money supply and believes the current AI-driven momentum is unjustified.
    • The speaker, Garrett, joins the show while on vacation and discusses charts with the host, Daniella.
    • Despite forecasts of a significant drop in the US market and economy, the NASDAQ and S&P 500 had their best first halves in years, driven by investor optimism in stocks and interest in AI.
    • The speaker predicts that the stock market will be sideways or fluctuate by about 2% in the second half of the year due to factors such as the decline in M2 money supply, and believes that the current momentum driven by AI is not justified.
  • 04:41 Tesla’s success in beating auto sales numbers and cutting prices is overshadowed by the potential national security threat posed by China’s influence on Elon Musk’s decisions, while AI stocks like Nvidia and Google have the potential for exponential growth.
    • Nvidia stock is not a good investment due to the historical pattern of bubbles in similar industries.
    • AI stocks like Nvidia have the potential for exponential revenue growth in the next five to ten years, similar to the dot-com era, and Google could be a sleeper stock to watch in the AI space.
    • Tesla beat auto sales numbers by 5% despite cutting prices by 20%, but investors are not considering the increasing competition in the electric vehicle market.
    • Over 50% of Tesla vehicles are sold in China, posing a potential national security threat as China could influence Elon Musk’s decisions on Twitter algorithms, potentially leading to a significant decline in Tesla stock and Musk’s net worth.
  • 09:05 A potential solution to fake accounts on Twitter is to create a more positive and restrictive version that allows for fact-checking and advertising, with proceeds going to charity, while the speaker predicts a stock market correction and an impending recession.
    • There are numerous fake accounts on Twitter and the speaker wants more control over the platform, while also discussing Meta’s attempt to create a Twitter-like app due to the decline in Facebook usage.
    • Create a more positive and restrictive version of Twitter that allows for fact-checking and advertising, with all proceeds going to charity, which could potentially raise over a billion dollars.
    • Fake accounts on social media platforms can pose a threat by impersonating real users and engaging in conversations, potentially leading to misinformation and manipulation.
    • Solowy predicts a large correction in the stock market and believes that by the end of the year, most people will accept that the economy is heading into a recession based on historical data and recent negative indicators.
  • 12:54 Factory orders and labor market are slowing down, Bitcoin’s correlation to US stocks still exists, BlackRock’s application for a spot ETF brings optimism, caution advised with SEC labeling Bitcoin as a security and release of Futures ETF, skepticism towards bullish Bitcoin predictions, concern over continued optimism in crypto despite bear markets in the past.
    • Factory orders and the labor market are showing signs of slowing down, while Bitcoin’s correlation to US stocks may be decreasing but still exists to some extent.
    • The speaker discusses the significance of a specific level in the stock market and the potential for downside targets, as well as the renewed optimism in the space due to BlackRock’s application for a spot ETF.
    • The SEC labeling Bitcoin as a security is seen as a positive for the crypto market, but caution is advised as the release of the Futures ETF could potentially mark a short-term high due to the emotional-driven nature of the market.
    • There are various ETFs and options available for playing Bitcoin, but they are not considered game changers and the speaker is skeptical of the bullish predictions for Bitcoin’s price.
    • Bear markets are not over yet as people are still optimistic about crypto, which is concerning because in past crises people were broken and lost hope.
  • 17:45 Gold prices are expected to rise due to a pullback and high demand, while the transition to digital currency through FedNow threatens privacy, making physical gold and silver important for untraceable payments.
    • Gold prices have been boring recently, but there was a big pullback on double tops and now it is expected to start the next leg up and have a breakout in the next few months.
    • There is high demand for gold, as indicated by bullion dealers, but it has not yet affected the price.
    • Solowy discusses how the transition from paper money to digital currency, specifically through the use of FedNow, poses a potential threat to privacy and highlights the importance of physical gold and silver as untraceable forms of payment.
    • FedNow, a new instant payment service, is set to launch in July and will have significant implications, as it will track transactions and potentially compromise privacy.
    • Crypto is not a solution for privacy as it can be easily tracked, and the government’s control over physical assets and online data poses a potential threat to individual freedoms.
  • 22:33 AI technology has the potential to create unemployment and economic disparities, emphasizing the importance of trustworthy individuals in its development, while 3M is a low-risk company with upside potential.
    • AI technology is both beneficial and detrimental, as it will increase unemployment and create more social and economic disparities, highlighting the need for trustworthy individuals to guide its development.
    • 3M is a solid company with low risk and decent upside potential, as it is currently at levels not seen since 2007 and 2011.

Gold's next breakout is 12 years in the making, charts show this 'phenomenal' move is next —Florian Grummes
Kitco News

Quick Summary: Gold is poised for a major breakout and has the potential to reach new all-time highs, presenting investment opportunities in gold miners, digital gold, and bitcoin.

Economic Collapse and Monetary System

  • The Federal Reserve’s injection of 400 billion dollars into the markets can be seen as a justification for the term “cracker boom” and explains the continued upward movement of the markets.
  • The crack-up boom, coined by Ludwig von Mises, refers to the crash of the credit and monetary system due to excessive credit expansion and unsustainable price increases, leading to inflation and a worthless currency.
  • “If you do ultimately see the economic system crashing, the term crack up boom has been applied to what we saw in the economies of Zimbabwe.”
  • “The only question is how long it takes for the fiat money system to collapse, as it will repeat itself again and again due to its lack of backing.”
  • The bifurcation of the global monetary system could lead to a decline in the Dollar’s dominance as a global reserve currency and potentially collapse the economic system within the next 10 years.
  • “You’re gonna see more and more problems cracking up in the real economy over the next few months, and at some point, the FED will be forced to lower rates again.” – The speaker suggests that the stock market’s rise does not reflect the true state of the economy, and expects the Federal Reserve to eventually lower interest rates.

Gold Market and Breakout Potential

  • “Focusing on the gold market at the right timing can lead to significant gains, as seen in the 20-year bear market followed by a phenomenal breakout.”
  • “Gold’s next breakout is 12 years in the making, charts show this ‘phenomenal’ move is next.”
  • Gold’s breakout is 12 years in the making, and once it breaks through the 2017 level, it could quickly reach $2,500 and potentially even $3,500 to $5,000 in the next two to three years.
  • Gold is in a 12-year consolidation period, but once it breaks the all-time high, the sky is the limit with a potential target of $2525.
  • “In the next two to three years, I think it’s very likely we’ll see five thousand dollar gold.”
  • 📈 “The upside potential for gold is phenomenal, with a potential 50% risk to the downside.”

Transcript:

  • 00:00 The NASDAQ had its best first half of the year since 1983, and the speaker predicts continued market rally due to the crack-up boom theory, which has led to a bottom and bounce, bank run, quantitative easing, and rising inflation.
    • The NASDAQ has had its best first half of the year since 1983, gaining about 32 percent, and the speaker expects markets to continue to rally.
    • The strong start to 2023 is partially due to the crack-up boom theory, as the markets were oversold and sentiment was pessimistic after the previous year’s bear market.
    • Markets experienced a bottom and bounce, followed by a bank run and quantitative easing, leading to a market rally despite fears of another crash.
    • The crack-up boom, defined as the crash of the credit and monetary system due to excessive credit expansion and inflation, is not yet in its final stage, but there is already a significant loss of confidence in currency systems and rising inflation.
  • 04:17 The ongoing injection of money into the markets and lack of faith in the US dollar could lead to a potential collapse of the currency system, with a growing divide between the East and the West, but a longer market correction or bear market is unlikely as the Fed will likely intervene quickly.
    • The difficulty in obtaining labor and the continuous injection of money into the markets are the main reasons for the ongoing pumping of money by the system.
    • Printing money has pushed markets higher, but with a hawkish Federal Reserve and the potential for an economic crash, the term “crack up boom” is being applied to the economies of Zimbabwe.
    • Grummies discusses the lack of faith in the US dollar and the potential collapse of the currency system, emphasizing that since the end of the gold standard, the system relies solely on people’s faith and the force of the state, and it will continue to repeat itself, with the only question being how long it will take, as it ultimately depends on psychology and perception.
    • There is a growing divide between the East and the West, with the BRICS countries trying to move away from the dollar, leading to a decline in the dollar’s dominance as a global reserve currency over the next 10 years, which could result in the collapse of the current economic system, but the current market rally is not expected to last for that entire period.
    • Stock market may experience some weaknesses and pullbacks in the next few months, but a longer correction or bear market is unlikely as the Fed will likely intervene quickly to prevent a system collapse.
  • 09:23 Grummies predicts that the Federal Reserve will lower interest rates, leading to potential problems in the real economy and a pivot in the gold market, while bankruptcy filings in the US have reached the highest level since 2010 across various sectors.
    • He predicts that the Federal Reserve will stop raising interest rates soon and will be forced to lower rates again by the end of the year or early next year, leading to problems in the real economy and a potential pivot in the gold market.
    • Bankruptcy filings in the US have reached the highest level since 2010 across various sectors, including regional banks and Vice media.
    • The number of filings has doubled compared to last year, indicating a growing trend not reflected in the news or stock market data, which is focused on a few selected stocks and the AI boom.
  • 12:41 Gold’s next breakout is imminent due to stress in the commercial real estate sector and the possibility of the Fed cutting rates earlier than anticipated, causing inflation concerns.
    • Bankruptcy filings in smaller businesses may start to impact the markets, including the commercial real estate sector, which is moving slower than the crypto markets.
    • Gold’s next breakout is expected to happen soon due to increasing stress in the commercial real estate sector and the likelihood of the Fed stepping in to cut rates earlier than expected, potentially leading to inflation concerns.
  • 15:34 Gold’s outlook is uncertain, but charts show it has the potential for a significant increase in value in the future, especially if there is a collapse of the system, as it has historically shown the ability to make substantial gains despite claims of stagnancy.
    • Gold’s outlook is uncertain due to potential inflation and geopolitical escalation, but the speaker believes it will eventually turn around and increase in value, especially if there is a collapse of the system, as shown in charts of the gold market over the past 52 years.
    • The end of the gold standard in 1971 led to a 20-year bear market for gold, but it started to rise again in 1999 after the British Finance Minister sold the British gold reserves at the market low.
    • Gold’s price has the potential for a significant increase in the future, as it has historically shown the ability to make substantial gains despite claims that it is stagnant.
    • Gold reached its peak in 2011, experienced a significant drop, and has been in a reconsolidation pattern for the past 12 years, with recent failed attempts to break the 2017 dollar mark.
    • Gold reached a new all-time high in 2020 but has since been correcting and consolidating, with potential for another significant increase in the future.
  • 21:38 Gold is poised for a major breakout, potentially reaching $2,500 to $5,000, as it has been forming a cup and handle pattern for the past 12 years, with an initial target of $3,575 and a possible pullback before continuing to rise.
    • Gold is likely to experience a significant breakout in the next few years, potentially reaching $2,500 and even $3,500 to $5,000, as it has been forming a cup and handle pattern for the past 12 years.
    • Gold is in a 12-year consolidation period, but once it breaks the all-time high, it could rally to a minimum target of 2525, with a possible pullback before continuing to rise.
    • Gold is predicted to reach $5,000 within the next three years, with an initial target of $3,575, and despite concerns of a sell-off if it drops below $1,900, the speaker does not anticipate a significant decline.
    • Gold has been consistently trading above the 200-day moving average for the past eight months, indicating an uptrend.
    • Gold is unlikely to crash lower and has already shown signs of reversal, indicating that the current correction may be coming to an end and the upside potential is significant.
    • Gold is expected to have a significant rally over the next few months based on a seasonal pattern, indicating that the recent low in gold prices may have already occurred or will occur in the next few weeks.
  • 28:50 Gold could potentially break out of a 12-year consolidation pattern and reach a new all-time high, with undervalued mining stocks presenting an opportunity for investors.
    • Gold could potentially break out of a 12-year consolidation pattern and reach a new all-time high, with technical buying and market perception playing a significant role in this potential move.
    • Gold is considered smart money and has been in a correction for three years, but it is expected to be the first to price in changes, while gold mining stocks have underperformed but may present an opportunity.
    • Many undervalued mining stocks have the potential to catch up once gold starts to breakout, with Franco Nevada and Royal Gold being top picks for conservative investors, but not recommended for those seeking a more aggressive gold move.
    • Producers like Barrack have potential for catch-up in profit from gold price, followed by mid and smaller producers like minero Alamos.
  • 33:27 Gold’s next breakout is expected to be a “phenomenal” move, with potential investment opportunities in gold miners, digital gold, and bitcoin.
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