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GoldSeek.com Radio: President Joseph Grosso, Peter Schiff, Bill Murphy, and your host Chris Waltzek

GOLDSEEK RADIO
By: Chris Waltzek, GoldSeek.com Radio

 -- Published: Sunday, 10 July 2016 | Print  | Disqus 

Featured Guests

President Joseph Grosso, Peter Schiff & Bill Murphy

Summary

  • In similar fashion as Marco Polo, Mr. Grosso started from humble beginnings in his country of origin, Italy, emigrated across the globe to Canada where he built a business empire through trade with China / Korea.
  • Headquartered in Vancouver, Canada, Golden Arrow is an explorer and prospect generator.
  • Golden Arrow is a member of the Grosso Group, a management company specialized in resource exploration.
  • At the helm of the Grosso Group, Joseph Grosso has spearheaded mineral exploration ventures in Argentina for over twenty years.
  • With a strong record of mineral discovery, and community / government relations, Golden Arrow is poised to maintain its reputation as a trusted explorer throughout Argentina.
  • The flagship Chinchillas project is 100% owned with 100 million ounces of silver in the measured & indicated categories.
  • Major silver producer Silver Standard is interested in a project with Golden Arrow.
  • The mining-friendly location in northwest Argentina that supports an impressive infrastructure, including access to highways, and ample water resources.
  • The Don Bosco Copper-Gold Project, holds exploration licenses encompassing five areas in Western La Rioja Province, Argentina.
  • The project is feasible year round, supported by a paved highway that facilitates accessibility (Golden Arrow, 2016).
  • Golden Arrow has additional properties of interest in the San Juan Province, including the Mogote Copper-Gold Project, the Caballos Copper-Gold Project, and Potrerillos Gold-Silver Project – the firm owns 100% of all three properties.
  • Bill Murphy from GATA.org returns to the show with his latest insights on the PMs sector.
  • He was awoken this morning by the sound of arms fire near his home in Dallas, near ground-zero of a tragic sniper shooting.
  • Our guest notes the positive reversal in the price action of the gold and silver market - strong rebounds are a hallmark of a solid bull trend.
  • Even bearish news on Friday morning was unable to dampen the bullish sentiment in the PMs community.
  • If silver can hold support above $20 on the weekly chart, the next advance could culminate in $25-$26.
  • A highly successful hedge fund manager, a regular on Bloomberg TV / CNBC, and friend of the show told the host in confidence the PMs bull is confirmed.
  • The duo speculate that a silver squeeze could erupt at any moment if a Russian oil magnate or Middle Eastern oil family followed Warren Buffet's silver market operations, sending the metal into the ionosphere.
  • Bill Murphy's silver forecast is $50, followed by $100+.
  • The two attempts to eclipse $50 silver, first in 1980 and again in 2011, could represent the neckline of a bullish inverted head and shoulder's pattern.
  • A 50% Fibonacci retracement could lead AG to a vertical asymptote-like ascent of $400 per ounce, as outlined in Wealth Building Strategies (Waltzek, 2010).
  • Peter Schiff, Chairman of SchiffGold.com and the host discuss the current silver market eruption, as predicted two weeks earlier on the show.
  • At the end of 2015, for the first time hedge funds were net short the silver market, setting the stage for the perfect price squeeze.
  • Precious metals shares are only beginning what could be a remarkable multi-year advance, as investors wake up to the opportunity.
  • Shares are just now starting to reflect their intrinsic value and as the underlying PMs bullion prices advance.
  • Peter Schiff is "pounding the table" on merits of silver.
  • Tight supply conditions force the market to eclipse the record zenith on the heels of peak-silver sending AG north of $100-$200+.
  • The legendary investor suggests that investors not dwell on $20 silver, but to be wise enough to procure some for the long-term.
  • Moreover, the startling advance in gold from $1,000 - $1,370 represents merely the opening salvo.
  • Despite what may seem like gold crowd hubris / rhetoric, nothing succeeds like success, EuroPac Gold Fund A: (EPGFX) that has appreciated 125%.
  • Our guest agrees that PMs are underowned, anticipating another 50%-100% advance while advocating increased portfolio allocation.
  • Case in point, PMs shares represent "The best speculative opportunity you will ever see is in the mining space."
  • EuroPac International Value A: (EPIVX) earned top rank its category.

    Show Host

    Chris Waltzek

    About Chris

    Contact Host:

    gsradio@frontier.com

     

    NEW - Hotline - Q&A:

    1-206-666-5370


    Guest Biographies

    Joseph Grosso

    Golden Arrow, CEO

    Mr. Grosso became one of the early pioneers of the mining sector in Argentina in 1993 when mining was opened to foreign investment, and was named Argentina's 'Mining Man of The Year' in 2005. His knowledge of Argentina was instrumental in attracting a premier team which led to the acquisition of key properties in Golden Arrow's portfolio. He has successfully formed strategic alliances and negotiated with mining industry majors such as Barrick, Teck, Newmont , Viceroy (now Yamana Gold) and Vale S.A., and government officials at all levels. Mr. Grosso's specialty is financing, negotiations, corporate and marketing strategy, and he was an early and passionate adopter of best practices in environmental protection and socio-economic development through mineral exploration. He is the founder and president of Grosso Group Management Ltd.

    Website.

     

    Bill Murphy

    GATA.org

    Bill Murphy, GATA Chairman
    Murphy grew up in Glen Ridge, N.J., and graduated from the School of Hotel Administration at Cornell University in 1968. In his senior year he broke all the Ivy League single-year pass-receving records. He then became a starting wide receiver for the Boston Patriots of the American Football League. He went on to work for various Wall Street brokerage firms and specialized in commodity futures. He began as a Merrill Lynch trainee and went on to Shearson Hayden Stone and Drexel Burnham. From there he became affiliated with introducing brokers and eventually started his own brokerage on 5th Avenue in New York. He now operates an Internet site for financial commentary, www.lemetropolecafe.com.

     

    Peter Schiff

    Schiff Gold

    Peter Schiff President & Chief Global Strategist
    Peter is one of the few investment advisors to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts of the mortgage meltdown, credit crunch, and decoupling of commodities, precious metals, and foreign markets from the U.S. Dollar, he has become a sought-after economic commentator on a range of investment topics. Peter delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, L.A. Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting a weekly radio show. As an author, he has written four best-selling books, including his latest: " Crash Proof 2.0: How to Profit from the Economic Collapse" and "How an Economy Grows and Why It Crashes."

    Schiff Gold: click here.

     

     


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     -- Published: Sunday, 10 July 2016 | E-Mail  | Print  | Source: GoldSeek.com

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