Palisades Gold Radio, Released on 7/7/21
0:00 – Intro
0:33 – Basel III
4:12 – Gold Fix & Educating
7:39 – T.A. “Science”
10:07 – Important Lessons
17:51 – Gold Markets
20:53 – Bitcoin Diversification
23:40 – Gold Vs. Bitcoin
28:54 – Wrap Up
Talking Points From This Episode
– Thoughts on Basel III
– His daily educational report “The Gold Fix.”
– Changes occurring in the gold markets.
– Is Bitcoin becoming a strategic asset?
Tom welcomes Vincent Lanci back to the show. Vincent discusses the lack of fireworks from the Basel III banking changes. He believes these rule changes will be good for most investors because there will be less hedging. However, these changes will be worse for mid-sized institutions. However, these rules have been coming into effect over several years, so it should not be a big surprise to anyone.
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Vincent discusses his educational and informative daily market summary called “The Gold Fix.”
Technical analysis is portrayed as a science, but it’s more of subjective art. So investors need to understand this and conduct appropriate risk management. Without understanding the risks, many new investors will have losses. He’s trying different teaching approaches and believes he has a solid strategy to help new investors become good traders.
Large funds and institutions aren’t able to respond to the market conditions as quickly as smaller traders. However, when big funds change course, you have to get out of the way. You need to find an edge and what these players don’t have today is flexibility. Managing risk is an edge because most retail investors are just buying the highs and selling the lows.
In the last week, gold has started to ignore the weak bond market and move upwards. Right now, he is looking for confirmation of why gold is moving. However, the precious metal markets may be changing their behavior.
He believes large investors of Bitcoin are now investing some of their holdings in banks like JP Morgan. Banks now have clients that are involved in Bitcoin. Gold could now become a diversification tool for Bitcoin profits.
He gives some key advice on why investors should hold some Bitcoin, especially if you have gold.
Vince Lanci is Managing Partner at Echobay Partners LLC. Vince founded Echobay after a profitable career running CiS Options and Berard Capital. The firm is a vehicle for expressing his and “friends and family” personal investment ideas. Echobay also consults on market structure, risk management, and legal cases involving fraud in markets. Vince is also a regular contribute to ZeroHedge.com