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Big Picture – Western World is Sleeping Part 1 – Eric Dubin and Dave Kranzler

Friday, August 29, 2014 17:52

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TND Podcast Spotlight: The Daily Coin |

Eric speaking about Chinese demand and why the Asia markets are so robust. “If you look at it in the context of a five year window, the demand that exist in China right now, is still at a level that exceeds annual mine supply output for gold.

This big picture shift…China, Russia, other nations that are acquiring for fifty year time frames, and the transition in the monetary system, really don’t care much about a $30 move in gold and a $2 slide in silver”.

Dave has a slightly different take on what is happening with the gold market right now. “I don’t agree, with the narrative, that, technically, the market looks bad. If you look at a, I’m looking at a four year chart of the continuos gold futures, it shows a definitive bottom a year ago in June. It’s in a nice up-trend, where it’s kinda hitting higher-lows. We know there’s intervention involved here. Since the beginning of this year, that up-trend has actually started to turn up a little bit, the slope of it has gotten a little bit sharper… From a technical stand point, I think gold’s in really good shape.

We’re probably gonna stay down in this range under $2,000, but I think at some point, and I actually have some reasons to believe that we’re getting closer to that point. At some point I think you’re gonna see China and Russia sorta force the market higher in order to bring out more physical gold. There are people who will buckle down here, they can take some profits on it.”

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TheDailyCoin.org was founded by Rory Hall. The website features articles and commentary, as well as The Daily Coin podcast, also appearing on The Daily Coin YouTube Channel. Mr. Hall has served as a daily contributor to STGReport.com over the past two years. He has written several original articles and interviewed some of the top precious metals professionals in the industry, as well as top preparedness specialists in the world. YouTube Channel, The Daily Coin, was launched in February 2014 and website TheDailyCoin.org was launched April 25, 2014