Bill Murphy, Rob Kirby, Chris Waltzek Ph.D. & Robert Ian - November 16th, 2018 - Goldseek.com Radio. A Spina-Waltzek Production-©2005-2018 http://radio.goldseek.com/ Royalty free music from Google Play. Disclaimer: this show is presented as informat

Summary: Nov. 16th, 2018(S13-E670)Featured GuestsBill Murphy & Rob Kirby Please Listen Here Show HighlightsRob Kirby of Kirby Analytics sees extreme risks ahead for the financial markets via a shattered US accounting system.The missing $21 trillion dollars (size of US National Debt) in government funds, is possibly held by the exchange stabilization fund (PPT).One likely use for the missing funds could involve the purchase of new US Bond issuance's, given the few foreign purchases of US debt.Utlimately the fiat money shell game will lead North American citizens to an unsavory financial-reset in similar fashion as Cyprus / Poland.Our guest proposes the perfect financial panacea to avoid the next MF Global scenario but on an epic scale; precious metals investments.The precious metals may not remain at vastly discounted prices but will soar to unfathomably high levels putting the price beyond the means of virtually everyone; so carpe diem, aurum, seize the gold, today.Bill Murphy of GATA.org returns to the show with fresh insights on the PMs rally.A new precedent was set within the Central Bank realm this week with the the Bank of England refusing to honor its custodial arrangement.The BOA refused to return 14 tonnes of gold held on behalf of Venezuela (MaCleod, Goldmoney, 2018).Standard anti-money laundering concerns were cited for the refusal, "We don't trust you, so we'll hold on to your gold for now, old boy."The dissent among the ranks could send reverberations throughout the system and perhaps the financial markets.Meanwhile, as the unfortunate FANG stock pullback continues, with Facebook (FB) off nearly 50% from the July 2018 peak.The longest remaining Dow Jones Industrials component, General Electric (GE) plunging from over $30 last year to $8 today.Investors adhered to the key hallmark of every successful portfolio, diversification, leading to increased inflows into gold ETFs (figures 1.1-1.3).Enhanced Modern Portfolio Theory via Long-Memory Regimes (Waltzek, 2016), (EMPT) proved scientifically the significance of price trends.The represents the most accurate estimate of future value, as the price contains 99% of pertinent information, the best guess of the top minds.Recent headlines indicate that the oldest remaining Dow company, the hallmark of US Corporate America, General Electric, GE is struggling.However, although GE could be ejected from the Dow 30, just a year ago the former Blue Chip was a high flyer.As if on cue, the negative price trend change resulted in a collapse from from $25 to $8.Yet according to competing theories of EMPT, the warning signs not only did not exist but should be ignored, de facto evidence that MPT requires revision, i.e. EMPT (figures 1.1-1.3).Subscription Options                                           Monthly : $29.89                                            USD - monthly                                           Annual : $142.85                                            USD - yearly                                           5 year : $487.00                                            USD - year