Tom Bodrovics, welcomes back Don Durrett, an experienced author, investor, and founder of Goldstockdata.com, to discuss gold prices and the economic implications. Durrett believes an imminent hard economic landing will boost his bullish stance on gold. In March 2023, gold reached new highs above $2050, while silver showed significant gains. However, miners have not followed suit.

Durrett considers the present economic climate different from previous periods due to the Federal Reserve’s reduced ability to revive the economy. He highlights that while the US economy grew and used debt in the 1990s, it eventually balanced its budget. However, since then, the US economy has reportedly been declining for approximately 25 years, leading to significant global shifts like countries abandoning US bonds and equities and increasing interest in gold as a reserve currency.

Japan’s bond and currency struggles could potentially trigger a crisis due to their substantial US treasury holdings. Durrett discusses the potential impact of Asian countries purchasing gold and the importance of oil purchases in gold-importing countries like Japan and China.

Don expresses bearish views on the stock market and bullish predictions for silver prices due to inventory shortages, increasing demand, and potential manipulation attempts like those seen with the Hunt Brothers in the past.

Don shares his perspective on gold miners using the HUI index to identify buying and selling opportunities. He considers anything below $250 on the HUI cheap, with levels between $200 and $225 being the buy zone. Opportunities for cheaper stocks extend from $225 to $250. However, as the HUI approaches $300, fewer cheap stocks become available. He anticipates the gold miners’ bull market hasn’t started yet but expects it to resume in the next couple of months and predicts a potential dip in gold and silver prices before the significant uptrend begins. The summer may not be as uneventful this year due to potential rapid market movements once risk-on sentiment shifts to risk-off.

Don has been successful with mid-tier producers some of which have seen substantial growth through acquisitions. He also discusses his investment strategy, holding stocks amidst potential economic downturns, diversification through various investments such as silver, crypto, and physical preparation by selling to the top. He also mentions the unsustainability of constant wars due to increasing budget deficits, implying that peace may prevail as America retreats from its aggressive role on the global stage.

Time Stamp References:
0:00 – Introduction
0:42 – Article & Gold ATH
4:25 – Rates, Risks & Spending
18:37 – Japanese Bond Markets
23:40 – C.B. Gold Buying
27:27 – Gold Price Predictions
31:34 – Silver Expectations
37:50 – Hunt Brothers 2.0?
43:23 – ETF Metal Flows
48:07 – Miners Bull Market?
51:22 – Summer Doldrums?
54:30 – Wall Street Interest?
1:01:22 – Miners Risk Vs. Return
1:10:00 – Stocks & Great Taking?
1:15:10 – Rapid Changes Coming
1:21:22 – Optimism & Wrap Up

Talking Points From This Episode

• Don Durrett believes an economic downturn will boost gold prices; gold & silver reached new highs in March 2023, but miners lagged behind.
• Bearish on stocks, bullish on silver due to inventory shortages, increasing demand, and potential manipulation attempts.
• America’s aggressive role on the global stage unsustainable due to budget deficits, peace may prevail.

Guest Links:
Twitter: https://twitter.com/DonDurrett
Website: https://www.goldstockdata.com/
Free Trial: https://www.goldstockdata.com/freetrial
Substack: https://dondurrett.substack.com/
Amazon: https://www.amazon.com.mx/How-Invest-Gold-Silver-Complete/dp/1427650241
Blog Posts: https://seekingalpha.com/author/don-durrett#regular_articles
YouTube: https://www.youtube.com/user/Newager23

Don Durrett received an MBA from California State University Bakersfield in 1990. He has worked in IT-related positions for 20+ years. He has been a gold investor since 1991, with a focus on Junior Mining stocks since 2004. Realizing the value of investing in gold and silver and noticing the lack of available material for first-time investors, Don set out to provide information. First, he wrote a book, How to Invest in Gold & Silver: A Complete Guide with a Focus on Mining Stocks. He followed up the book with a website (www.goldstockdata.com) to provide data, tools, and analysis for gold and silver stock investors. His gold and silver mining stock newsletter is widely regarded as one of the best. He is a frequent guest on financial podcasts and a contributor to SeekingAlpha.com.