Listen: Dave Kranzler and Eric Yeung on Metals, Miners, and More- Part 2

Housekeeping: Good afternoon. Here is Part 2 of the GoldFix discussion with Eric Yeung and Dave Kranzler as hosted by Vince LanciDave, Eric, and Vince Discuss Metals, Miners, and MoreIn Part 1 of this two part discussion (link at bottom) focus was on US Gold deliveries and Fort Knox conjecture as it tied London and Comex together along with China. Part 2— After a discussion about the GLD situation— runs with some likely reasons for the repatriation ( e.g.- Gold Bonds from both a pro and con perspective). Then the trio dives into Silver with special emphasis on the LBMA’s potentially untenable and (quantitatively worse) situation. Miners are then discussed with special attention and specific companies discussed. A strategic overview wraps things up. The transcript is tabbed above Enjoy.Topics for Part 2 * Underlying Reason for U.S. Gold Repatriation: Treasury/Dedollarization/Debt* GLD ETF Structural Manipulation:* Why the Urgency to Repatriate Gold Now?* Silver Market Dynamics: LBMA has no backstop* Mining Sector Analysis:* Specific Mining Stock Ideas:* Final ThoughtsDetailed Topics1- Underlying Reason for U.S. Gold Repatriation:* Hypothesis of potential U.S. Treasury and Fed involvement to refill depleted reserves.* Judy Shelton’s gold bond concept discussed as a mechanism to stabilize U.S. Treasury market.* Political leverage: Potential forced conversion of ally-held Treasuries into gold-backed bonds.2- GLD ETF Structural Manipulation:* Concerns around the custodians (HSBC and JPMorgan).* GLD structure as a buffer for bullion banks.* JPMorgan’s near-total custodianship over GLD gold, potential implications discussed.3- Why the Urgency to Repatriate Gold Now?* Increasing pressure from global financial shifts.* Shift towards reincorporation of gold in monetary/trade systems (BRICS, Enbridge).* U.S. needs physical verification capability for gold holdings in trade negotiations.4- Silver Market Dynamics:* Much greater concern compared to gold.* Lack of central bank backstop for silver.* Silver’s strategic industrial importance (solar, electric vehicles, electronics).* Silver viewed as "new oil," particularly critical to China's EV expansion.5- Mining Sector Analysis:* Mining stocks as undervalued and strategically positioned for revaluation.* Shift expected from tech-focused investments towards miners in coming economic conditions.* Strong margins and sustainable profits highlighted.6- Specific Mining Stocks:* Eric’s Picks:* Dave’s Picks:7- Final ThoughtsAbout:David KranzlerDave is a respected veteran in the precious metals industry. He is Managing Owner of Golden Returns Capital and Publisher of the well known Mining Stock Journal published twice monthly.. He is known for insightful market analysis and decades of experience investing in gold, silver, and especially in mining stocks He is also an active contributor to GATA for over 10 years.Contact Info:* Website: The Mining Stock Journal* Social Media: InvResDynamicsEric YeungEric, aka King Kong on X.com is out of Hong Kong with strong ties to both mainland China and the US. Eric’s roots are as an entrepreneur in manufacturing with a deep knowledge-base ofsupply chains mgt and family fund portfolio manager focused heavily on metals and miners. Eric, like David is also known for advocating transparency in bullion marketsContact Info:* Social Media: King KongVince LanciVincent is a 30 year commodity derivative fund manager semi-retired in 2010 after a life changing payout surrounding a multi year Nat Gas arbitrage trade. He currently manages discretionary commodity money for select funds, is a Professor of MBA Finance at UConn, and publishes the GoldFix newsletterContact info:* GoldFix: [email protected]* Social Media: VBL’sGhost (Unorthodox content, multple users, private messaging)* UConn: See email directoryGoldFix is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.Part 1: SLIDESGoldFix is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit vblgoldfix.substack.com/subscribe