Patrick Karim & Lawrence Lepard: Gold Manipulation Will Fail and Prices Will Explode
Tom welcomes back Patrick Karim and Lawrence Lepard to discuss the markets along with numerous charts.
Patrick discusses the importance of knowing where you are in a market trend and how ratios are an excellent way to determine which will outperform. Silver compared with the Dow is helpful for this purpose. Lawrence comments that the charts are clearly showing the transition away from fiat to harder assets. Equity markets are beginning to look tired, which will drive interest into alternative equities and assets.
Lawrence discusses how metals have still lagged when considering the amount of money printing over the last 18 months. We are going to see explosive upside in gold and silver.
Patricks details why gold needs to break out soon, and there is an enormous amount of fuel to drive it higher. Unfortunately, it seems like the insanity around money printing will continue. Lawrence says, “Were in the process of watching fiat money go away…. When gold breaks 2030 things are going to get very exciting. $3000 Gold is going to cause the miners to explode.”
The evidence for silver to outperform soon keeps piling up and provides some greedy targets. Finally, Lawrence argues that silver is the cheapest asset on the planet today.
Technical analysis is practical even in manipulated markets because human emotions don’t change, and manipulation is only temporary.
The Bloomberg Commodity Index is showing how commodities are beginning to move quickly. Lawrence argues that the Fed can’t taper and that more inflation seems inevitable.
Lawrence makes a compelling case for Bitcoin and why it’s an essential deflationary asset in a world where governments mess around with everything. Bitcoin will continue to outperform gold because it is more scarce than gold. Don’t be dogmatic about assets and recognize that the world is changing and that Bitcoin should be an ally. Smart Bitcoin investors respect sound money principles, including gold and silver.
Time Stamp References:
0:00 – Introductions
1:09 – Silver Vs. Dow
12:03 – Silver & Inflation
16:35 – Gold Weekly COT
22:50 – Silver Quarterly
28:00 – Manipulation & Charts
34:19 – USD, Equities, & Silver
36:45 – Inflation Adj. Silver
37:48 – Bloomberg Commodity
40:50 – Efficiency & Deflation
46:40 – Bitcoin
58:26 – Bitcoin Monthly Log
59:23 – Bitcoin Recuperation
1:00:55 – Asymmetric Opportunity
1:14:07 – Concluding Thoughts
Talking Points From This Episode
- Silver Vs. Equities and Inflation
- Gold and Silver Performance
- Broader Commodity Complex Turning Up
- Silver, Bitcoin, and Asymmetric Opportunities.
Patrick Karim is a proprietary capital manager and chart trader since 2006. Patrick’s background in commerce, psychology, and an ongoing career in systems engineering has allowed him to evaluate trading scenarios systematically.
His psychology background helps him understand the human factor: overcoming stress and maintaining a successful career.
Lawrence W. Lepard is the Founder and Managing Partner of Equity Management Associates. He has spent his entire 38-year career as an investor, principally focusing on venture capital opportunities.
Before co-founding EMA, Mr. Lepard spent 13 years at Geocapital Partners in Fort Lee, NJ. There he was one of two Managing General Partners and was responsible for several venture capital funds. Before Geocapital, Mr. Lepard spent seven years at Summit Partners in Boston and California, where he was a General Partner in Summit I and Summit II.
Mr. Lepard received his BA in Economics from Colgate University, and he received an MBA with Academic Distinction from Harvard Business School.