Updates (segment 1 & 2): The quantity of futures contracts on precious metals are at all time highs, but is there actual physical backing all these bets? In the first segment, we look at synthetic supply, metals pricing, and why the abundance of paper creates physical buying opportunities. We also look at an interview with Ole Hanson, Head of Commodity Strategy at Saxo Bank. He was interviewed on Bloomberg this week and believes that we are seeing the top end of the USD, and believes the negative action in gold is small compared to the backdrop of all time high stocks.
Segment #3: JPMorgan has been removing liquidity from the market. Are they building up a war chest of cash? We look at the how and why of this defensive action from one of the world’s largest banks and why the Fed has had to step in to backstop it.
Segment #4: We run through Ray Dalio’s recent essay titled “The World has Gone Mad and The System is Broken”. There are four points and we relate them to the fundamentals driving the precious metals higher.
Segment #5: What are the levels of precious metals ownership? From beginner to advanced asset owners, we look at the ways to get involved in the physical precious metals market.