In this interview, Peter Hug, Director of Kitco’s Precious Metals Division, shares regarding his approach to trading and investing in precious metals. Peter has over 40 years of experience in the precious metals markets. He has acquired extensive experience in the wholesale markets and international asset diversification. Peter is a frequent speaker at precious metals conferences and in the financial media. He is one of the handful of experts who have succeeded through multiple bull and bear cycles on the strength and skills honed during the dramatic fluctuations of the 1980’s.
0:05 Introductions of topic and guest
1:40 Peter’s background & how he came to be a precious metals trader
4:43 How Peter discerned the top of the 1980 gold bubble
7:52 How the psychological mindset of a precious metal trader differs from that of a long-term investor
11:01 Peter describes his approach to gold trading and price trend forecasting
14:05 How accurate was Peter trading Brexit & the 2016 US elections?
16:39 Peter’s thoughts regarding if a private investor should trade in the precious metals futures markets
18:20 Peter’s thoughts on whether the precious metals markets are manipulated
22:20 Peter’s thoughts on investing in junior mining companies
25:20 The type of mining company Peter currently invests in
27:12 Will we see all-time high gold prices in the next 3-5 years?
33:14 Peter’s concluding advice and info regarding Kitco.com
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Yes I have to admit, David Morgan is worth listening too & he's always been reasonable with he's forecasts. Non of this $100-1000 silver nonsense. There's been to many people milking this trade, who haven't a clue.
David Morgan says he is on-record with his subscribers of calling the May 2011 silver top. Currently, I think Jordan Roy-Byrne has been giving reasoned analysis of the precious metals markets and when the possible next breakout upward will occur (latter half of 2018). Jordan admits he does not know for sure but his anticipation is based on technical analysis and probable outcome. There are many that repeatedly claim the bottom is in and the next huge breakout is upon and then when it doesn't play out like they forecasted they don't go back and admit they were wrong. I appreciated a reasoned analysis with humility.
There are 3 major pitfalls with reaching consensus around the outcome of an event.
These fully specified, manipulation resistant, and publicly verifiable events form a necessary foundation for sound prediction markets. Without this foundation, prediction markets are subject to confusion, manipulation, and abuse. Though sometimes tricky, many prediction events exist that satisfy all of the criteria listed above. As the world moves forward into the realm of decentralized prediction markets, it will be important to keep in mind the pitfalls associated with many naive prediction events.
Sia , by Nebulous Inc., is a blockchain-based decentralized cloud storage platform.
Capital Markets Blockchains Are Finally Getting Go-Live Dates.
Assembled in New York this week, a handful were even confident enough to give firm timetables for production. For those tired of blue-sky talk, it was refreshing to hear large-scale financial infrastructure projects discussed openly and frankly, in clear terms of where they are and when we can expect to see things going live.
Underscoring the seriousness of the undertaking, ASX recently produced an 87-page progress report. Roll-out is targeted for late 2020 or early 2021.
In the weeds.
The enormity of such a project may not be obvious to those unfamiliar with the creaky plumbing of the capital markets.
At the completion of phase one, DTCC will have nodes set up internally for every firm that it knows will run one, plus some general nodes that will take care of supporting the transactions and processing for the firms that do not wish to support a node of their own.
For this project, DTCC has taken a multi-vendor approach. Ethereum-inspired startup Axoni is providing the technology, with IBM helping to manage the project, and R3 providing best practice guidance on areas like selecting the right data models.
Luxembourg is the largest fund management hub outside of the U.S. The jurisdiction holds many trillions of dollars worth of assets under management.
The KPMG-led project includes banks like BNP Paribas, Credit Agricole and others, as well as over 400 asset managers. The technology used is ethereum-based Quorum, the popular open-source project run by JP Morgan.