Podcast appearances and mentions of steve st angelo

Tom welcomes back Steve St. Angelo of the SRSrocco Report for a discussion on the economics of Bitcoin mining, focusing on the lifespan and economic viability of Bitcoin mining hardware. According to St. Angelo, major US Bitcoin miners Marathon and Riot account for significant portions of global hash rate production, with Bitcoin mining consuming approximately 1-2% of US electricity. However, Bitcoin miners' hardware depreciates rapidly; while they last five years, they become almost obsolete in two years, producing only around 90% of their total Bitcoin output by that time. St. Angelo discusses the implications of this rapid depreciation on sustainability and profitability, raising concerns about underreported depreciation costs, which can mislead investors. To fund the capital expenditure required to replace these miners, companies issue large amounts of shares, leading to significant dilution for existing shareholders. The conversation also touches on the potential use of stranded energy for Bitcoin mining but expresses concerns about its scarcity as energy demand grows. St. Angelo compares this to the gold mining industry, where inflation caused by government actions impacts production costs. He argues that the high depreciation rate and underreporting of these costs in the Bitcoin mining industry could lead to significant financial challenges. Marathon and Riot's claims about not needing to issue further shares for growth remain uncertain. Steve expresses concerns regarding Bitcoin's energy consumption compared to gold mining and its unsustainability due to the need for continuous miner replacement. Despite his criticism of Bitcoin, he acknowledges that some investors are avid supporters. He emphasizes physical metals like gold as a higher quality collateral due to their durability and lack of ongoing energy consumption. Additionally, Steve discusses trends in Gold Exchange-Traded Funds (ETFs) inflows and outflows between Western countries and Asia, particularly China. While there have been significant net outflows from Western Gold ETFs for several years, Eastern countries like China have experienced substantial increases in their Gold ETFs due to central banks' large-scale gold purchases. The West's potential shift towards real assets like gold is suggested, given the risks associated with US Treasuries and money market accounts. However, acquiring gold with potentially devalued dollars presents a challenge for Western investors. Talking Points From This Episode Steve discusses Bitcoin mining's rapid hardware depreciation, its impact on profitability, and sustainability concerns. Marathon and Riot's Bitcoin mining operations face significant underreported depreciation costs. Gold ETF trends: Eastern countries' surge in gold purchases versus Western net outflows. Time Stamp References:0:00 - Introduction0:44 - Economics of BTC Mining?4:10 - Mining Economics & Charts13:30 - Hash Rates & New Hardware17:07 - Share Dilution Solutions19:34 - Underperformance & CAP-Ex25:30 - All-In Costs & Mining27:56 - Electricity Consumption30:40 - End to End Depreciation37:17 - Bitcoin Value & Time38:35 - Comparing Mining Industries41:37 - Gold Mining Total Costs44:08 - Bitcoin Vs. Gold48:30 - Chinese Gold ETF Flows53:10 - Wrap Up Guest Links:Website: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g Independent researcher Steve St. Angelo (SRSrocco) started to invest in precious metals in 2002. Later on, in 2008, he began researching areas of the gold and silver market that, curiously, most of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI "Energy Returned On Invested" stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy ...

Tom welcomes back Bob Coleman and Steve St. Angelo to discuss the precious metals markets. The market is undergoing a significant shift, with more sellers than buyers and dealers finding it difficult to sell at profitable prices. This has resulted in a collapse of bids and an increase in spread risk. There are also risks associated with storing metals with dealers due to counterparty risk, storage risk, and the structure programs they may be involved in. The market has moved from retail demand to a paper market that is shorting precious metals, causing prices to rise but sentiment to remain negative. Investors are waiting for lower prices to buy again. The spike in silver prices could be due to increased inventory buying by wholesale dealers who then sell futures contracts to finance their purchases. This carry trade can become unsustainable if the price of silver rises and dealers are forced to buy back their futures contracts at a loss, potentially fueling further price increases. High premiums in the silver market could indicate that someone is stuck on the wrong side of a trade and trying to exit, causing the futures market price to rise. The situation is not so much a physical issue as it is a paper problem, with CTAs holding large short positions in silver. In the gold market, GLD flows and gold prices have historically moved together, but this relationship changed when interest rates started rising rapidly in mid-2022. Institutional investors have not sold much of their gold or GLD, suggesting that most of the selling is happening outside the institutional market. The strong demand for Treasuries at high-interest rates and reduced central bank gold purchases might be driving the price of gold. There has been a shift in capital allocation from ETFs holding metals to other asset classes, particularly technology stocks. This trend poses challenges for precious metal investors but also creates opportunities for those who can identify value and navigate the current market conditions. They note that there is a risk of reaching a "max stupid point" where the market becomes overheated and unsustainable. Market psychology appears to be shifting towards a dot-com bubble mentality, with everyone chasing after Bitcoin and other high-tech investments, making it difficult for precious metal investors to make their case. Bob also warns of the risks associated with storing metals with dealers and suggests that investors should ensure they are doing business with a reputable and sustainable company. Gold and silver markets are heavily influenced by paper trading, hedging, financialization, and cost of production. Shifts in demand from east to west and short squeezes in the futures market can impact prices. ETFs that hold physical metals but issue new shares based on demand carry a risk of decreasing premiums to net asset value if the price of the metal falls. It is important to understand the complexities of paper trading and hedging in these markets, as well as the potential for market manipulation by authorized participants and market makers. Time Stamp References:0:00 - Introduction0:42 - Physical Demand14:06 - Recent Premiums17:21 - Public Sentiment20:33 - Silver Wholesale Market23:25 - Who's on the Wrong Side?32:10 - SLV/GLD & Retail Sales36:30 - Gold Drivers & Treasuries45:10 - Asset Values ETFS & Crypto47:52 - Flows Out of ETFS53:18 - Sentiment & Solvency58:27 - Know Your Counterparty1:04:28 - SLV Borrowing Costs?1:07:45 - Current Rally Outlook1:11:20 - Bitcoin Mining Stocks1:13:27 - Treasuries & Collateral1:14:48 - Public Momentum in PMs1:18:22 - NatGas & Energy Inflation1:21:05 - Central Bank Buying1:22:34 - Financialization & ETFs1:27:00 - U.S. Debt & Treasuries1:29:40 - Silver & Flows1:31:08 - Geopolitical Suppression?1:34:10 - Eastern Price & Silver1:43:53 - Price Impacts of Shorts1:46:38 - GME Squeeze & Markets1:52:33 - GLD/SLV Withdrawals1:58:17 - West-East Metal Flows2:00:00 - Overseas Storage?

SBTV spoke with Steve St. Angelo from the SRSrocco Report about the peak oil myth topic that's making the rounds from #Doomberg and others. Steve is an expert in energy and the precious metals space and ties together how oil, energy, the economy, and precious metals meet.

Tom welcomes back Steve St. Angelo of the SRSrocco Report. Steve discusses several topics related to the precious metals market, gold mining, renewable energy, and the oil industry. He believes that the current precious metals rally may not be sustainable and is driven by paper digital futures markup rather than increased demand from institutions and high net worth individuals. He also discusses the potential impact of decreased demand if investors start investing in financial assets and treasuries instead of gold. Steve suggests that gold prices are affected by the amount of money invested in gold mining and various production costs. He discusses the disparity between gold and silver prices and the struggles of primary silver miners. They mention the growth of the US treasuries and the battle between treasuries and the gold market. Steve believes that there is an unsustainable increase in financial assets compared to the real GDP growth and lack of energy to settle these assets. Lastly, Steve discusses the renewable energy sector and its challenges, highlighting the need for a new market to develop to improve energy efficiency. The interview concludes with a discussion on the US oil industry and the challenges it faces, including declining shale production and new regulations. Talking Points From This Episode The current precious metals market has been sustained due to options and futures which can make it unsustainable if external events and financial crises don't occur. The Federal Reserve has increased the Fed funds rate which has grown US treasuries to 21.5 trillion by the end of 2020, creating a battle between gold and the US treasuries. Renewables are gaining in popularity but the capacity factor and return on investment demand a different market structure. Time Stamp References:0:00 - Introduction1:25 - Gold Moves & ETF Flows3:05 - Neg. Divergence in Gold4:36 - Bonds & Returns6:46 - Miner Production Costs8:24 - Energy Inputs & Costs9:29 - All-In Sustaining Costs12:23 - Poor Grades & Production14:24 - Gold Price - Factors16:16 - GDX Weakness - Causes18:30 - Central Bank Buying?21:00 - Silver Miner Outlook22:43 - Total Production Costs24:30 - Debt Issuance & Limits29:56 - Renewables & Lag Effects33:47 - EROI on Renewables38:56 - U.S. Oil Exports & SPR42:55 - Shale Oil Production47:52 - Euro NatGas Reserves51:46 - Diesel - No Substitutes54:54 - Outlook & Wrap Up Guest Links:Website: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g Independent researcher Steve St. Angelo (SRSrocco) started to invest in precious metals in 2002. Later on, in 2008, he began researching areas of the gold and silver market that, curiously, most of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI "Energy Returned On Invested" stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles on some of the top precious metals and financial websites. You can find many of Steve's articles on noteworthy sites, such as GoldSeek-SilverSeek, Market Oracle, Financial Sense, GoldSilver.com, SilverDoctors, TFMetals Report, Outsiderclub, SGTreport, BrotherJohnF, Hartgeld, Der-Klare-Blick, PeakProsperity, SilverStrategies, DollarCollapse, FurtureMoneyTrends, Sharpspixley, FinancialSurvivalNetwork, PMBull, Deviantinvestor, PMBug, Wealthwire, and ZeroHedge.

Steve St. Angelo sees the combination of falling oil production and increasing energy demand globally leading to a situation where prices have nowhere to go but up. SRSrocco Report: https://srsroccoreport.comFollow Steve on Twitter: https://twitter.com/srsroccoreport Recorded on 12/06/2023Follow me on Twitter: https://twitter.com/jessebdayYoutube Channel: https://youtube.com/c/CommodityCulture

Steve St. Angelo, Jorge Ganoza: Latest On The Gold Rally, Energy Dynamics, Fortuna Silver Even with the current Fed Funds target rate at its highest level in decades, gold has continued to rally, despite inflation remaining elevated, while the Fed refuses to say its done hiking rates just yet. Gold has hit new all-time highs at multiple points in just the last week alone, and it's interesting to think about how the price will respond when the rate cuts that even the Fed has suggested are coming in 2024 are eventually delivered to the market. So in today's call, we take a look at the recent rally, along with some of the energy dynamics that are in place and set to drive the metals markets in the years ahead. Steve St. Angelo of The SRS Rocco report joins me along with Jorge Ganoza from Fortuna Silver, to dig into these market dynamics, and also talk about how Fortuna has positioned itself to proceed forward as it all develops. So joins us for this live call at 2 PM eastern on December 7! - To find out more about Fortuna Silver go to: https://fortunasilver.com/ To get access to Steve's research at the SRS Rocco Report go to: https://srsroccoreport.com/ - To join our free email list and never miss a video click here: https://arcadiaeconomics.com/email-signup/ - To get on the waiting list for your very own ´Silver Chopper Ben´ sterling silver figurine click here: https://arcadiaeconomics.com/get-a-chopper-ben/ - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ Find Arcadia Economics content on these sites: YouTube - https://www.youtube.com/user/ArcadiaEconomics Rumble - https://rumble.com/c/ArcadiaEconomics Bitchute - https://www.bitchute.com/channel/kgpeiwO1dhxX/ LBRY/Odysee - https://odysee.com/@ArcadiaEconomics:5 Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 Google-https://podcasts.google.com/feed/aHR0cHM6Ly9teXNvdW5kd2lzZS5jb20vcnNzLzE2MTg5NTk1MjMzNDVz Anchor - https://anchor.fm/arcadiaeconomics Amazon - https://podcasters.amazon.com/podcasts Follow Arcadia Economics on these social platforms Twitter - https://twitter.com/ArcadiaEconomic Instagram - https://www.instagram.com/arcadiaeconomics/ To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here: https://arcadiaeconomics.com/cftc-complaint/ - To sign the petition to ban JP Morgan from having any involvement in the silver industry click here: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD) This video was sponsored by Fortuna Silver, and Arcadia Economics does receive compensation. For our full disclaimer go to: https://arcadiaeconomics.com/disclaimer-fortuna-silver-mines/Subscribe to Arcadia Economics on Soundwise

Tom welcomes Steve St. Angelo of the SRSrocco Report back on the show. Steve began buying silver in 2002, due to worries of fiat currency debasement and debt. As he delved deeper into the metal's market, he started questioning certain aspects such as the cost of production, including energy, materials and labor. However, the economics profession largely disregards the energy cost factor and sees the growth as continuous. When energy scarcity occurs thought, the markets could drastically change. Most investors today are not prepared for it. Thermodynamics is another key factor in energy consumption, as the laws of physics will come into play and create peaks. This typically results in a lack of real growth or maybe even civilizational decline due to exceeding the carrying capacity of resources. At present, unearthed silver mining's all-in cost lies between $21 and $22, and around $1550 for gold mines. Institutions have moved to the ETF sector of the precious metals, and if we go through economic fragility and stagflation, more entities (such as Blackrock, the biggest holder in the PSLV), will likely become involved. Within the last month, debt and money supply have commented the market jump in S&P 500 and the equity sector. Steve believes that it is likely to face a correction in the near future. In terms of energy, oil prices could increase later this year due to demand, and this will translate into inflation in food and consumer prices. Apart from that, geopolitical risks could only make matters worse. Recently, Europe managed to survive the winter with the fortunate help of green energy; nevertheless, their energy problems are still present and expensive. This winter could be different. Time Stamp References:0:00 - Introduction0:42 - Precious Metals & Energy2:57 - Assume a Can-Opener4:46 - Metals Production Costs6:09 - Future PM Scenarios8:25 - Growth & Wealth Protection11:13 - Silver Demand & Deficits14:40 - Institutional Demand?17:30 - Sentiment & Smart Money20:24 - Defining Stagflation22:10 - Recessions & Oil Price24:34 - Energy Push Inflation26:00 - Two Stages - Energy Cliff29:05 - Europe & Gas Inventories32:58 - Recessionary Impacts38:53 - Rig Counts & Financing41:28 - Estimated Oil Reserves?44:48 - SPR Release Thoughts47:40 - Commercial COT Positions49:30 - Rates, EROI & Debt Servicing51:33 - Blackrock & Potential Dynamics53:20 - Concluding Thoughts Talking Points From This Episode Institutional investors have surged into precious metals ETFs to shield wealth from financial fragility. Oil prices could increase, driving inflation in food and consumer prices. Rig counts and EROI could determine the success of energy reserves - with a potential energy cliff looming ahead. Guest Links:Website: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g Independent researcher Steve St. Angelo (SRSrocco) started to invest in precious metals in 2002. Later on, in 2008, he began researching areas of the gold and silver market that, curiously, most of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI – Energy Returned On Invested – stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles on some of the top precious metals and financial websites. You can find many of Steve's articles on noteworthy sites, such as GoldSeek-SilverSeek, Market Oracle, Financial Sense, GoldSilver.com, SilverDoctors, TFMetals Report, Outsiderclub, SGTreport, BrotherJohnF, Hartgeld, Der-Klare-Blick, PeakProsperity, SilverStrategies, DollarCollapse, FurtureMoneyTrends, Sharpspixley, FinancialSurvivalNetwork, PMBull, Deviantinvestor, PMBug, Wealthwire, and ZeroHedge.

Founder of the SRSrocco Report Steve St. Angelo has been studying the effects of energy on the economy, mining, and precious metals and what he sees alarms him. Steve believes humanity is headed off an energy cliff, where oil and gas production can't keep up with growing demand, and the results could be catastrophic. SRSrocco Report: https://srsroccoreport.comFollow Steve on Twitter: https://twitter.com/SRSroccoReport Follow me on Twitter: https://twitter.com/jessebdayYoutube Channel: https://youtube.com/c/CommodityCulture

SBTV spoke with Steve St Angelo, publisher of the SRSRocco Report, about the world's over-dependence on fuel and how an energy crisis will drive gold and silver prices higher.

Tom Bodrovics welcomes Bix Weir, and Steve St. Angelo for a lively and professional debate around metals manipulation and mining. Bix believes there is a large amount of gold in the Grand Canyon region, while Steve believes it's uneconomic to mine both logistically and due to energy costs. The conversation focuses on Charles Spencer and his attempts to mine gold in the area in the early 1900s, and how his efforts failed due to the fineness of the gold and the lack of a profitable return. They also discussed the New York Times article from 1912, which Steve speculated was an attempt to get more investors to invest in the mining operation even though it had been shut down. The conversation then turned to the KISS principle, with Steve discussing the energy return on investment of oil, and how it has been steadily falling since its peak in 1970. This has caused a variety of issues, such as inflation, and Steve believes that it is more important to focus on energy than to get lost in the details of the manipulation theory. Louis McFadden, the chairman of the Committee on Banking and Currency from 1920 to 1932, was then discussed, with Bix believing that he wanted to fix the problem of mines being uneconomical by introducing a tax of fifty percent. This was intended to give the miners a premium and encourage more gold production. Steve looked at the issue from an energy perspective, stating that the real problem is not the manipulation of the gold and silver price, but the lack of available energy and the way in which it has been siphoned away from poorer countries to the more developed nations. The two experts then discussed gold and silver as money. Steve argues a lot of this money has been lost throughout time. Bix also spoke of the fixing of the price of gold at $20.67 in the US in 1900, which the banks knew would cause a lot of mines to fail due to the increasing costs. Finally, Bix and Steve discussed institutional investors and their lack of understanding for investing in silver and gold, and how the US Mint is required by law to produce coins in quantities equal to demand, yet they are only producing a third of what they are capable of. They attributed this to the new Mint director, Ventress Gibson, who has never been in charge of the Mint before and is an HR professional. They believe that something bigger is going on and that the US Mint is holding back coins from the public. They agree that gold and silver prices have been manipulated by large banks and the US government, but they disagree on the role of energy in the pricing. They also discuss the KISS principle, the energy cliff due to declining oil production, the Comex, and the US Mint's apparent lack of increased production of silver eagles. They emphasize the importance of energy, saying that it always comes first and is the foundation of the economy and all that we do. Lastly, they agree that silver will outperform gold in the coming years. Timestamp References:0:00 - Introductions4:47 - Grand Canyon Gold?21:30 - 1900 Gold Supply33:54 - Gold Price Fixing36:57 - Taxes on Gold41:18 - Counterarguments50:00 - Gold Manipulation Chart1:00:10 - Derivative Impacts1:01:43 - Today's Production Costs1:06:05 - Supply/Demand & Price1:09:55 - Mining & Energy Use1:15:25 - 1980 Highs & Benchmarks1:25:40 - High Frequency Trading1:27:10 - Reserve Disparities1:29:34 - Silver Eagles & Supply1:39:12 - Energy & Fairy Tales1:45:22 - Energy & Crypto Mining1:46:54 - COMEX, Hedging, & ETFs1:57:22 - Revaluation & Metals?2:03:24 - Shale & Energy Sunset2:06:20 - Silver Lining Wrap Up Talking Points From This Episode Bix believes that there is a large amount of gold in the area near the Grand Canyon and that freely traded gold would be easier to mine.They discuss the EROI of oil, and how it has been steadily falling since its peak in 1970.They discuss the importance of holding silver while Steve stresses the importance of energy production in the future economy.

Steve St. Angelo of the SRSrocco Report describes what he calls the energy cliff that humanity is now facing, and how the consequences of depleted oil fields and misguided energy policy are leading to a drastic change in the world. Sign up for our free weekly newsletter at https://www.JayMartin.club Attend the Vancouver Resource Investment Conference: https://cambridgehouse.com/vancouver-resource-investment-conference

Today, we are once again joined by Steve St. Angelo and also Nate Fisher. Nate wants to analyze the risks involved in the energy situation of the world. It's important to discuss the situation in bytes larger than 140 characters. The concept of this podcast is to convey awareness and figure out solutions to the potential risk factors. If an energy cliff is coming soon, how can you thoroughly prepare? Risk analysis usually entails the concepts of accept, avoid, transfer, or mitigate. Steve discusses his energy return on investment thesis and how modern society compares with past civilizational collapses. We're reaching an energy cliff where declining oil production accelerates. We're just not finding as much economic oil. At some point, we're not going to be able to replace the declines. Oil production and the world population curve are highly correlated. Nate discusses possible ways we could mitigate the energy cliff for a time. Nuclear plants are more expensive and take longer to construct, and therefore we are "starting to run out that clock." We need better battery technologies, and hopefully advances in I.T. will help bring those about. We're in a race between a lack of energy and the promise of new technology. Nate discusses the idea of having physical precious metals as a method of insurance. Lastly, Steve speaks to the idea of adding complexity to solve difficult problems actually exacerbates the situation. The solution is for things to become more simple and self-sustaining on an individual level. Talking Points From This Episode Systemic risks and ways of mitigation.Energy Return on Investment and potential impacts of modern civilization's energy use.ESG, resource efficiency, and energy consumption.Some other promising technologies that could be beneficial. Time Stamp References:0:00 - Introduction0:38 - Energy Risk Discussion5:38 - Energy Cliff - EROI8:58 - Energy System Waste12:40 - Debt vs. Oil & Gas EROI15:40 - Conservation Methods21:15 - Green Solutions?29:38 - Nuclear & Cheap Coal38:33 - Green at Home?44:20 - Moore's Law and I.T.52:10 - Battery Technology55:14 - Electric Mining & Farming1:03:56 - Supply Chains & EROI1:10:54 - Precious Metals1:15:33 - Various Factors1:20:30 - Conclusion Past Show Link with Steve: https://www.youtube.com/watch?v=FUE7u_HICp8 Nate Fisher Guest Links:Website: https://renaissancemen.org/Twitter: https://twitter.com/natefishpa Nate Fisher is an IT contract project manager living in York, PA. He has an undergrad in Information systems along with a master's degree in cybersecurity and business administration. Nate has many side interests, including investing with precious metals, mining, and rental properties. He is a part-time blogger that writes about PMs, miners, and health and fitness. Nate is a self-described renaissance man, and you can find out more from his website and Twitter. Steve St. Angelo - Guest Links:Website: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g Independent researcher Steve St. Angelo (SRSrocco) started to invest in precious metals in 2002. Later on, in 2008, he began researching areas of the gold and silver market that, curiously, most of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI "Energy Returned On Invested" stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles on some of the top precious metals and financial websites. You can find many of Steve's articles on noteworthy sites, such as GoldSeek-SilverSeek, Market Oracle, Financial Sense, GoldSilver.com, SilverDoctors, TFMetals Report, Outsiderclub, SGTreport, BrotherJohnF, Hartgeld, Der-Klare-Blick,

Tom welcomes back Steve St. Angelo of the SRSrocco Report. Steve discusses the causes of lack of investment in the energy sector. It's getting increasingly difficult to find oil, especially if we're not looking. It's costing a hundred billion dollars to find a billion barrels of oil. We've spent five trillion in the past decade to find 54 billion barrels of oil. During that time, the world consumed 300 billion barrels. We're consuming six times the amount we are finding. It's becoming impossible to keep up with the decline of at least ten percent annually. Editor's Note: The term "Red Queen Syndrome" is derived from Lewis Carroll's Through the Looking Glass, where the Red Queen informs Alice that “here, you see, it takes all the running you can do to keep in the same place.” The EIA in the United States appears to be overstating the oil reserves. There are fewer well completions this year than last. Texas is declining, and it's a major part of the Permian. Shale is going to start rolling over next year, and we will see a fifty to seventy percent decline by 2030. Oil sands are powered by natural gas usage. It's essentially a conversion process of what fossil fuel to another. This is what makes extracting Venezuelan oil difficult. Steve explains the problem of Energy Return on Investment. The U.S. is a net exporter of oil products, but we are currently using up the strategic reserve. We are exporting natural gas, coal, and some oil products. We're going to have serious problems quite soon, as we will become a net importer once again. The high dollar and high oil price is destroying Third World countries. This will persist and gradually move to impacting bigger countries. Europe has built up their natural gas inventories to around ninety percent or higher. However, we don't know how severe the winter will be. China has been reselling gas from Russia to Europe. The Europeans, however, have paid a high price for it, about four or five times higher in price than the five-year average. By the end of November, we need to pay close attention to European inventories. Europe will be in serious trouble in the coming years. The Fed really wants to raise interest rates to kill demand and lower prices. When the November elections are done, they will stop selling oil from the SDR. With OPEC cutting supply, we could see a slingshot effect on price. Steve believes we are at the beginning of something big in the precious metals markets. Those with metals will fare much better because it represents energy, and he cautions that you don't want to be holding debt. A precious metals market unlike the world has seen before is coming. Focus on the energy because it will be the leading factor for the coming geopolitical and economic problems. Time Stamp References:0:00 - Introduction0:43 - Capital Allocation5:09 - Red Queen Syndrome9:20 - Middle East & Oil Decline11:52 - EIA - Hide the Decline14:27 - Understanding EROI18:02 - U.S. Energy Exports20:04 - Dollar Endgame24:35 - The Winter Ahead30:32 - Energy & Foreign Impacts32:35 - Precious Metals & Energy39:04 - Institutions & Metals44:10 - Wrap Up Guest Links:Website: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g Independent researcher Steve St. Angelo (SRSrocco) started to invest in precious metals in 2002. Later on, in 2008, he began researching areas of the gold and silver market that, curiously, most of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI – Energy Returned On Invested – stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles on some of the top precious metals and financial websites.

Steve St. Angelo: Energy shortage to drive silver price going forward We're entering an economic era where the focus on energy availability has perhaps never been more pronounced. Especially with Russia withholding its natural gas from Europe, and energy prices soaring, the dynamic has served as a reminder as to just how much of our current world is based on energy supply. So in today's call, Steve St. Angelo of SRS Rocco talks about the energy dynamic and how it relates to gold and silver. He mentions how we've reached the point where we're now consuming more energy than we're able to replace, and as that trend continues, how it's going to make growing the current economic structure a lot harder. Steve talks about how gold and silver will serve as stores of energy value, that will increase in importance as the traditional bond and stock markets decline without the same levels of energy production. And that the future economic path will be more based on preserving wealth rather than growing it. So to get a better understanding of how the energy dynamic fits with the gold and silver markets, click to watch the video now! - To get access to Steve's research at SRS Rocco go to: https://srsroccoreport.com/ To find out more about Blackrock's recent drilling results go to: https://blackrocksilver.com/blackrock-drills-6526-g-t-ageq-over-0-91m-within-1-52m-grading-3942-g-t-ageq-and-steps-out-to-west-and-south-at-tonopah-west/ - To get Arcadia silver videos delivered straight to your email inbox click here: https://arcadiaeconomics.com/email-signup/ - To get on the waiting list for your very own ´Silver Chopper Ben´sterling silver figurine click here: https://arcadiaeconomics.com/get-a-chopper-ben/ - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ - To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here: https://arcadiaeconomics.com/cftc-complaint/ - To sign the petition to ban JP Morgan from having any involvement in the silver industry click here: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver - Follow Arcadia Economics on Twitter: https://twitter.com/ArcadiaEconomic - To receive updates about Arcadia option trading events: https://arcadiaeconomics.com/options/ - #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD)Subscribe to Arcadia Economics on Soundwise

In the first half of this space, Bob explains the risks with ETF's and ETN's compared with physical ownership. Happy discusses how PSLV's growth has resulted in some additional dilution costs for early investors. In the second half, Steve explains how input costs are rising for miners and many countries have had shortfalls this year with their production. We're seeing supply and inventory declines, which Steve believes is largely tied to the energy cliff. Energy is having an adverse effect on the debt-based system. Patrick Karim discusses the equity market to gold ratios and why he believes larger institutions will be forced to look elsewhere to preserve value. Patrick explains why we're on the edge of a breakout in gold. Lastly, we take several listener questions. Bob Coleman - Idaho Armored VaultTwitter: https://twitter.com/profitsplusidWebsite: https://www.goldsilvervault.com/ Steve St. Angelo - Independent Researcher and Publisher of the SRSrocco ReportWebsite: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g Jim Hunter - Registered Commodity Broker with AllendaleTwitter: https://twitter.com/JimSuncomm1Website: https://allendale-inc.com Patrick Karim - Proprietary Capital Manager and Chart TraderTwitter: https://twitter.com/badcharts1Website: https://northstarbadcharts.com Happy HawaiianTwitter: https://twitter.com/ThHappyHawaiian

SBTV spoke with Steve St Angelo of the SRSRocco Report about the changing silver dynamics globally and why China is facing an economic collapse.

This is an edited recording of our live Twitter Spaces event from July 19, 2022. Philip Newman from Metals Focus joins us to discuss the precious metals markets and the perspective their in-depth reports bring. Tavi Costa brings some interesting questions for Phillip and Steve St. Angelo joins us for a lengthy discussion on energy scarcity. Lastly, we take a number of listener questions. Thanks goes to Steve for arranging this informative discussion with Philip. Follow our Twitter to find out when the next live stream space will occur. Be a part of the conversation! Philip Newman - Managing Director & Founder of Metals FocusWorld Silver SurveyTwitter: https://twitter.com/philipnewman100Website: https://metalsfocus.com Steve St. Angelo - Independent Researcher and Publisher of the SRSrocco ReportWebsite: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g Tavi Costa - Portfolio Manager at Crescat CapitalTwitter: https://twitter.com/TaviCostaTwitter: https://twitter.com/Crescat_CapitalWebsite: https://crescat.net Jim Hunter - Registered Commodity Broker with AllendaleTwitter: https://twitter.com/JimSuncomm1Website: https://allendale-inc.com

This is Part One of our live Twitter Spaces Event from Friday June 10, 2022. This event has an all-star cast of characters including Francis Hunt - The Market Sniper, Doomberg, and Steve St. Angelo along with our regular guests Bob Coleman and Jim Hunter. This week we focus once again on the economy and the energy crisis. Things get a bit heated at times as we take some very interesting listener questions and commentary. Follow our Twitter to find out when the next live stream space will occur. Be a part of the conversation! Bob ColemanTwitter: https://twitter.com/profitsplusidWebsite: https://www.goldsilvervault.com/ Jim HunterTwitter: https://twitter.com/JimSuncomm1Website: https://allendale-inc.com Francis HuntTwitter: https://twitter.com/themarketsniperWebsite: https://themarketsniper.com/YouTube: https://www.youtube.com/user/TheMarketSniper Steve St. AngeloWebsite: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g DoombergTwitter: https://twitter.com/DoombergTWebsite: https://doomberg.substack.com

This is Part One of our live Twitter Spaces Event from Friday June 10, 2022. This event has an all-star cast of characters including Francis Hunt - The Market Sniper, Doomberg, and Steve St. Angelo along with our regular guests Bob Coleman and Jim Hunter. This week we focus once again on the economy and the energy crisis. Things get a bit heated at times as we take listener questions and commentary. Note: Doomberg is using some sort of audio transmogrifier to distort his voice. Follow our Twitter to find out when the next live stream space will occur. Be a part of the conversation! Bob ColemanTwitter: https://twitter.com/profitsplusidWebsite: https://www.goldsilvervault.com/ Jim HunterTwitter: https://twitter.com/JimSuncomm1Website: https://allendale-inc.com Steve St. AngeloWebsite: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g Francis Hunt:Twitter: https://twitter.com/themarketsniperWebsite: https://themarketsniper.com/YouTube: https://www.youtube.com/user/TheMarketSniper Doomberg:Twitter: https://twitter.com/DoombergTWebsite: https://doomberg.substack.com To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.caPalisades is also available on Odysee and Rumblehttps://odysee.com/@PalisadesGoldRadio:c

In the eighth episode of The Goldnomics Podcast we speak to SRS Rocco's Steve St.Angelo. Steve and presenter Dave Russel discuss the state of energy markets in Europe, how paltry the continent's investment in green energy has been and why this makes for an ideal time to invest in gold and silver.

This is Part Two of our live Twitter Spaces event from Friday May 19, 2022. This is an open discussion and this weeks participants include Steve St. Angelo, Bob Coleman, David Morgan, and Jim Hunter. Steve St. Angelo continues his deep dive into the serious energy problems the world is facing. He explains why there are no easy solutions. Follow our Twitter to find out when the next live stream space will occur. Be a part of the conversation! Bob ColemanTwitter: https://twitter.com/profitsplusidWebsite: https://www.goldsilvervault.com/ Jim HunterTwitter: https://twitter.com/JimSuncomm1Website: https://allendale-inc.com Steve St. AngeloWebsite: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g

This is a recording and an edited version of our live Twitter Spaces event from Friday May 19, 2022. This is an open discussion and this weeks participants include Steve St. Angelo, Bob Coleman, and Jim Hunter. David Morgan joins us in part two due out later in the week. Steve St. Angelo takes us on a deep dive into the serious energy problems the world is facing. He explains why there are no easy solutions. Follow our Twitter to find out when the next live stream space will occur. Be a part of the conversation! Bob ColemanTwitter: https://twitter.com/profitsplusidWebsite: https://www.goldsilvervault.com/ Jim HunterTwitter: https://twitter.com/JimSuncomm1Website: https://allendale-inc.com Steve St. AngeloWebsite: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g

About Guest: Steve St. Angelo is an independent researcher on how energy and the falling EROI – Energy Returned On Invested – stand to impact the mining industry, precious metals, paper assets, and the overall economy. He is the founder of The SRSrocco Report.

SBTV spoke with Steve St Angelo, author of the SRSRocco Report, about how the latest Russia-Ukraine war is accelerating the world approaching an energy cliff - when oil and gas supplies become harder to replenish. We explore the knock-on impact on financial assets when this happens.

Steve St. Angelo of the SRSrocco Report returns to continue our conversation on how the world is going off the Energy Cliff and how we are never going back to normal. We are seeing the peak and decline of this global hi-tech complex economy. He believes the elite are powerless to stop the falling Energy […]

A feature length interview with Steve St. Angelo from SRSrocco Report . Be sure to listen, this could be one of the most important guest you ever hear from on this channel. Find more of Steve's work at: https://srsroccoreport.com/ What happens when the economy collapses, society turns violent, and the power grid collapses? Read Zero Sum: A Post-Apocalyptic Economic and Societal Collapse Thriller (Civil Strife Series Book One) Kindle eBook: https://amzn.to/3aKWCnj Paperback: https://amzn.to/3mObozi Hardcover: https://amzn.to/3vdmdyM Audible audiobook: https://bit.ly/zrsumpc Sign up for Audible and get Zero Sum for free: https://bit.ly/zrsumpc This podcast contains affiliate links to products. I may receive a commission for purchases made through these links. Any content within this podcast or on any podcast by the Silver Fortune podcast is merely one man's opinion, commentary, and analysis, or actual information obtained from elsewhere, and should not be constituted as legal, investment, or financial advice. Make your own financial decisions, or consult a professional if you'd prefer to go that route. The Silver Fortune podcast disclaims any liability for legal, financial, or investment decisions made. --- Support this podcast: https://anchor.fm/silver-fortune/support

Tom welcomes back Steve St. Angelo of the SRSrocco Report. Steve discusses how energy is the main driver of the economy and we are now entering an energy crisis. This crisis will affect everything in the economy. Steve explains how energy issues have historically impacted civilization. When a peak is reached the system becomes increasingly unstable. The system isn't designed to run at a high level and we are in a declining energy environment. It isn't easy to fix the energy problems because everything depends on fossil fuels which are becoming increasingly scarce. Many countries are considering returning to coal because of the lack of alternatives. Green energy is not providing sufficient energy than was expected when it was designed. If the wind stops blowing or the sun stops shining then there are issues, particularly in winter. At best we can only store a fraction of green energy in batteries. We simply don't have enough metals for massive batteries. It takes a lot of resources to create and maintain wind energy systems. Most of these renewables energy systems have finite lives. Steve argues that most of these green solutions are only exacerbating the problems. We're approaching the point of diminishing energy returns where every unit of energy costs a unit of energy to produce. Cheap and easy to obtain oil is becoming increasingly rare. We're seeing massive amounts of debt being created in an attempt to address these issues. It always comes down to energy and Steve argues that it was a key factor even in Rome's collapse. Talking Points From This Episode The Energy CrisisGreen Energy, Metals, and Fossil FuelsEROI and diminishing returns.Cause of Rome's Collapse Time Stamp References:0:00 - Introduction0:38 - Coming Energy Cliff2:58 - EROI, Gas, & Coal5:47 - Coal & China Brownouts7:47 - Green Energy Concerns14:38 - Impact on Markets17:22 - E.R.O.I19:36 - Shale Oil & Debt26:06 - Offlined Production27:06 - Energy Inventories31:18 - Gold, Bonds, & Input Costs33:39 - Crypto & Complexity39:08 - Energy & The Elite40:54 - LNG & Extreme Costs44:09 - Solutions?48:35 - U.S. Oil & WWII50:40 - The Fall of Rome52:36 - Technology Problems56:05 - Wrap Up Guest Links:Website: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_gEnergy Cliff Video: https://www.youtube.com/watch?v=wwDQ5iorYxc&t Independent researcher Steve St. Angelo (SRSrocco) started to invest in precious metals in 2002. Later on, in 2008, he began researching areas of the gold and silver market that, curiously, most of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI – Energy Returned On Invested – stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles on some of the top precious metals and financial websites. You can find many of Steve's articles on noteworthy sites, such as GoldSeek-SilverSeek, Market Oracle, Financial Sense, GoldSilver.com, SilverDoctors, TFMetals Report, Outsiderclub, SGTreport, BrotherJohnF, Hartgeld, Der-Klare-Blick, PeakProsperity, SilverStrategies, DollarCollapse, FurtureMoneyTrends, Sharpspixley, FinancialSurvivalNetwork, PMBull, Deviantinvestor, PMBug, Wealthwire, and ZeroHedge.

SBTV spoke with Steve St Angelo of the SRSRocco Report about how the squeeze in natural gas supplies in Europe right now has sent prices soaring and how the same just-in-time inventory mechanics will eventually happen in silver.

Tom welcomes back Steve St. Angelo of the SRSrocco Report. Steve explains the Fed's Treasury purchase isn't money creation; instead, they destroy it. Therefore, QE is not inflationary as many believe. This process is supposed to lower rates and thus increase public borrowing. However, QE is destroying money velocity and gradually ruining the economy. Steve believes we're entering a deflationary period, and we see this occurring in assets like lumber and probably oil and steel before the end of the year. The pandemic caused supply change disruptions, not unlike a hurricane, but it will recover. Once we go through this deflationary period, we will see a decline in the equity markets as economic activity slows due to stimulus programs ending. Steve expects hyperinflation will still be a few years out. Steve points out that most homeowners in the US have massive exposure to equities. More so even than during the Housing and Tech bubbles. Most countries have reached peak oil, and further declines are unavoidable in the coming years. Oil is needed to extract oil and used in making almost everything. When oil gets into trouble, so will everything else, and this will be inflationary for goods, assets, and energy. Likewise, inflation in the 1970s was all related to the cost of energy. Steve discusses some historic energy crises that occurred during ancient times and the ramifications. The collapse of the bronze age was due to energy shortfalls. He argues we are nearing the end of the oil age. Energy is the driver of the economy, but we can't have growth unless there is oil production growth. The more complex a society becomes, the closer it comes to collapse. Silver looks bearish in the short term, and a close above $27.50 is needed for a new breakout. The energy cliff will bring metals prices far higher since they represent true wealth. The world is going to transition from building wealth to protecting it. Energy drives everything, and without energy, there is no economy. Talking Points From This Episode Why the Fed's policies are deflationary.Why hyperinflation is still a few years out.The energy cliff and risks around societal collapse.The outlook for precious metals in a world with limited energy. Time Stamp References:0:00 - Introduction0:38 - The Deflation Case4:24 - Bank Lending Rates6:48 - Equity Markets7:56 - The Liquidity Trap10:50 - Asset Inflation?12:56 - Energy Cliff15:56 - 1970s - Oil & Miners19:16 - Bronze Age Parallels21:45 - Oil Prices & EROI24:37 - After the Cliff28:47 - Global Supply Chain31:46 - Foreign PM Imports35:38 - ETFs and Demand37:44 - Silver Prices39:32 - Bearish Candlesticks40:50 - Manipulation & T.A.43:33 - Miner Margins45:04 - 12 Month Outlook48:03 - Concluding Thoughts Guest Links:Website: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_gEnergy Cliff Video: https://www.youtube.com/watch?v=wwDQ5iorYxc&t Independent researcher Steve St. Angelo (SRSrocco) started to invest in precious metals in 2002. Later on, in 2008, he began researching areas of the gold and silver market that, curiously, most of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI – Energy Returned On Invested – stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles on some of the top precious metals and financial websites. You can find many of Steve's articles on noteworthy sites, such as GoldSeek-SilverSeek, Market Oracle, Financial Sense, GoldSilver.com, SilverDoctors, TFMetals Report, Outsiderclub, SGTreport, BrotherJohnF, Hartgeld, Der-Klare-Blick, PeakProsperity, SilverStrategies, DollarCollapse, FurtureMoneyTrends, Sharpspixley,

With hosts Jeremy Wiseman and Jerry Correia. On today's episode, Jeremy and Jerry speak with independent researcher Steve St. Angelo of the SRSrocco Report about the increasing prices for silver.  See omnystudio.com/listener for privacy information.

SBTV spoke with Steve St Angelo of the SRSRocco Report about the coming energy cliff that will bring about global decline similar to the collapse during the late Bronze Age. Steve believes that if the energy cliff was truly understood, one would be banking on Bitcoin's future.

Steve and I tackle a broad variety of topics, with a heavy focus on silver, EROI, and the nearing energy cliff. https://srsroccoreport.com/ Any content within this video or any other video by the Silver Fortune channel is merely one man's opinion, commentary, and analysis, or actual information obtained from elsewhere, and should not be constituted as legal, investment, or financial advice. Make your own financial decisions, or consult a professional if you'd prefer to go that route. The Silver Fortune channel disclaims any liability for legal, financial, or investment decisions made. --- Support this podcast: https://anchor.fm/silver-fortune/support

Tom welcomes back an always interesting guest to the show, Steve St. Angelo from the SRSrocco Report. Steve discusses the strength in physical silver demand and compares it to last year. ETF demand is lessening somewhat, but we still see strong physical demand. People are waking up to the need for silver, and that's bringing new people to the markets as the Fed's actions continue to reinforce the need for the metal. Steve gives us an overview of the silver market and a breakdown of the various Exchange Traded Funds. JP Morgan's inventories have been reduced, and the PSLV has added significant amounts of silver. Since February 3, the SLV has lost 84 million ounces, while Sprott has added 26. Steve argues that energy drives the economy instead of the markets. He believes silver will get stronger because the energy dynamic will get weaker. It's just a matter of time as investors continue acquiring ounces of the metal. The gold to silver ratio is at a key technical level and currently seems to have bounced off the 65 levels. He argues this ratio is a reflection of the cost of mining silver compared to gold. Banks are hoarding cash and not lending; therefore, higher inflation rates seem unlikely for some time. Sentiment is currently negative for treasuries while very bullish for copper. From a contrarian standpoint, we could expect to see a considerable shift in the direction of both. Steve discusses his energy cliff thesis. Large oil companies are getting less and less return on every dollar of capital invested in oil. The US will not be unable to maintain, let alone grow its oil energy reserves. Texas experienced many issues due to a lack of proper winterization, and overall green energy requires a lot of capital, energy, and technology in its production. Talking Points From This Episode Physical silver and ETF demandEnergy as the principal market driver.Cost of mining and the gold/silver ratio.Bond markets and inflation.Global supply change risks. Time Stamp References:0:00 - Intro0:39 - Silver Demand Strength3:06 - Overall Metal Demand4:22 - Major ETF Flows6:58 - SLV Withdrawals8:14 - Silver Endgame9:44- 1000oz Bar Market10:52 - India & PM Demand13:36 - Gold Silver Ratio15:22 - Mining Costs19:32 - Consensus Being Wrong.23:20 - Stimulus Cheques & Equities25:14 - Metals as Stores of Energy28:14 - Energy Cliff and Viewpoint31:00 - Texas Storm Lessons35:46 - EROI on Green Energy39:56 - Crypto and EROI44:32 - Wrap Up Guest Links:Website: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_gEnergy Cliff Video: https://www.youtube.com/watch?v=wwDQ5iorYxc&t Independent researcher Steve St. Angelo (SRSrocco) started to invest in precious metals in 2002. Later on, in 2008, he began researching areas of the gold and silver market that, curiously, most of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI – Energy Returned On Invested – stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles on some of the top precious metals and financial websites. You can find many of Steve's articles on noteworthy sites, such as GoldSeek-SilverSeek, Market Oracle, Financial Sense, GoldSilver.com, SilverDoctors, TFMetals Report, Outsiderclub, SGTreport, BrotherJohnF, Hartgeld, Der-Klare-Blick, PeakProsperity, SilverStrategies, DollarCollapse, FurtureMoneyTrends, Sharpspixley, FinancialSurvivalNetwork, PMBull, Deviantinvestor, PMBug, Wealthwire, and ZeroHedge.

Geopolitics & Empire · Steve St. Angelo: The Energy Cliff, Green Energy Myth, Gold, Crypto, & Mad Max Future #183 Steve St. Angelo discusses his thesis that we have fallen off of the Energy Cliff (e.g. Peak Oil), that “oil is it,” and that there is no new source of energy to replace our current […]

The election is over, vaccines are being rolled out, and the mainstream is looking to greener pastures ahead. But are they ahead, or could we be in for a really […]

Tom welcomes a new guest to the show, Steve St. Angelo from the SRSrocco Report. Steve says, "You don't have an economy unless your burning energy. Today, we take energy for granted." For thousands of years, gold and silver represented that energy store. Steve discusses his video "The Energy Cliff," which argues that technology itself is an energy consumer. Since GDP is directly linked to energy, there is an increasingly bad feedback cycle coming. Shale oil over the past decade has been responsible for current economic growth. This expensive and unsustainable oil source has temporarily propped up the world. He discusses how energy returned per barrel has declined massively since the 1930s. Today, the world is consuming four barrels of oil for every new barrel discovered. Debt and low-interest rates are being used to offset this lack of energy availability. He argues that you can't offset a decline in energy from fossil fuels with wind and solar. Alternative energy requires a lot of energy input to create those panels and turbines. He discusses the limits of nuclear power and why he believes we will see peak gold production in the coming years. The 2008 financial crisis and now the pandemic crisis has made people understand gold and silver. As this energy crisis worsens, more people will want to acquire precious metals. Steve argues that the next bull market in precious metals will not end. He believes the pandemic has provided us with a preview of where real estate and the economy will head. Lastly, Steve discusses why silver will be driven by investment demand and why futures markets only work in a stable economy with stable production levels. Talking Points From This Episode World Takes Energy for GrantedEnergy Return on InvestmentLack of Oil AlternativesUranium, Gold, Silver & Futures Time Stamp References:0:00 - Intro0:54 - Steve's Energy Thesis3:41 - Growth & Energy Cliff6:22 - Technology & EROI8:00 - Unsustainable Shale Oil9:42 - EROI Statistics12:09 - Oil Usage & Green Energy17:09 - Uranium & Nuclear19:24 - Peak Gold Production?22:50 - Oil & Metal Price Trends25:20 - Next Gold Bull Won't End27:20 - Thermodynamic Economy34:30 - Why Silver is Undervalued36:25 - Investment Demand37:22 - Technicals39:51 - Futures Contracts43:00 - Bitcoin & Energy Guest Links:Website: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g Independent researcher Steve St. Angelo (SRSrocco) started to invest in precious metals in 2002. Later on, in 2008, he began researching areas of the gold and silver market that, curiously, most of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI – Energy Returned On Invested – stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles on some of the top precious metals and financial websites. You can find many of Steve's articles on noteworthy sites, such as GoldSeek-SilverSeek, Market Oracle, Financial Sense, GoldSilver.com, SilverDoctors, TFMetals Report, Outsiderclub, SGTreport, BrotherJohnF, Hartgeld, Der-Klare-Blick, PeakProsperity, SilverStrategies, DollarCollapse, FurtureMoneyTrends, Sharpspixley, FinancialSurvivalNetwork, PMBull, Deviantinvestor, PMBug, Wealthwire, and ZeroHedge.

SBTV had one of the most interesting conversations with Steve St Angelo, author of the SRSrocco Report, about the evidence he has uncovered that shows that this gold bull market is different and it will not end!

With hosts Jeremy Wiseman, Darren Long, and guest Paul Wiseman See omnystudio.com/listener for privacy information.

Investors are about to overwhelm the silver market, and they’ll learn there’s not really all that much silver in the world. Why, and what happens next? Steve St. Angelo of […] The post Steve St. Angelo: Silver From Commodity To Money In Coming Economic And Energy Crises appeared first on Silver Doctors.

SBTV's 100th interview is with Steve St Angelo, our very first guest on the channel. Steve believes energy has a huge impact on the price of gold and silver. He sees the world transitioning from a time to build wealth to a time to protect wealth with physical gold and silver bullion.

SBTV's 100th interview is with Steve St Angelo, our very first guest on the channel. Steve believes energy has a huge impact on the price of gold and silver. He sees the world transitioning from a time to build wealth to a time to protect wealth with physical gold and silver bullion.

Independent researcher Steve St. Angelo (SRSroccoReport.com) believes that we will see an exponential rise in the silver price and when that happens silver stocks could see crazy valuations. In this interview, Steve shares his approach to analyzing silver. He also discusses the idea of “peak silver” and provides some of his views on investing in silver stocks. Steve started to invest in precious metals in 2002. Later in 2008, he began researching areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI – Energy Returned On Invested – stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles in some of the top precious metals and financial websites. 0:15 Introduction 3:50 Discussing silver’s future price rise 8:49 Analyzing silver miners’ cost of production 10:41 Cause of silver’s future price rise 13:40 How Steve views silver price manipulation 17:38 Peak oil? 21:10 Peak silver? 23:17 Steve’s view on silver stocks 25:42 Steve’s view on silver royalty companies 27:51 Concluding thoughts Steve’s website: https://srsroccoreport.com/ Steve’s Patreon: https://www.patreon.com/SRSroccoReport Sponsor Links: Aurcana Corporation: http://www.aurcana.com/ Silver One Resources: https://silverone.com/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. It is based on opinions, SEC filings, current events, press releases and interviews but is not infallible. It may contain errors and MiningStockEducation.com offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on MiningStockEducation.com or our videos. We may hold equity positions in and/or be compensated by some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. MiningStockEducation.com may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on MiningStockEducation.com is to be used at your own risk. By reading MiningStockEducation.com, you agree to hold MiningStockEducation.com, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

SBTV spoke with Steve St Angelo, editor of the SRSRocco Report, who warned that interest rates in the US will eventually go deep into negative territory. Steve believes the root of the problem is the fall in the energy return of investment(EROI) in the US causing an serviceable debt that requires negative rates.

SBTV spoke with Steve St Angelo, editor of the SRSRocco Report, who warned that interest rates in the US will eventually go deep into negative territory. Steve believes the root of the problem is the fall in the energy return of investment(EROI) in the US causing an serviceable debt that requires negative rates.

Independent researcher Steve St. Angelo (SRSroccoReport.com) started to invest in precious metals in 2002. Later in 2008, he began researching areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI – Energy Returned On Invested – stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles in some of the top precious metals and financial websites. 0:05 Introduction 2:12 Steve’s “Energy Returned on Investment” (EROI) thesis 6:34 If EROI is accurate, what’s the impact on society? 8:19 Nuclear power and the EROI theory 11:26 Will society continue to advance if the EROI theory is true? 12:50 Mining trends Steve focuses on 14:47 Can’t price inflation solve the EROI problem? 17:24 New source of energy could solve the EROI problem 20:47 Silver price forecast and analysis 22:39 EROI and the future price of silver Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. It is based on opinions, SEC filings, current events, press releases and interviews but is not infallible. It may contain errors and MiningStockEducation.com offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on MiningStockEducation.com or our videos. We may hold equity positions in and/or be compensated by some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. MiningStockEducation.com may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on MiningStockEducation.com is to be used at your own risk. By reading MiningStockEducation.com, you agree to hold MiningStockEducation.com, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

#Silver Price Rises As Shale Sector Sinks - with #SteveStAngelo With the silver price spiking, and the #shale industry getting hammered, there's a lot of volatility in the market. So what's going on, and perhaps more importantly, what should investors be watching out for? Fortunately I was joined by Steve St. Angelo of the SRS Rocco report, who walked through some of the fundamentals and technicals of silver. And also explained how problem in the #energy sector will affect the metals and the markets going forward. So to stay ahead of the volatility and be prepared for what's coming, click to watch the interview now! - To get access to Steve's research visit: https://srsroccoreport.com To see Steve's article about technical analysis in the silver market go to: https://srsroccoreport.com/silver-price-2019-is-this-the-year-for-a-new-bull-market/ - To get a free preview of Ted Butler's interview in my upcoming book “The Big Silver Short” visit: https://arcadiaeconomics.clickfunnels.com/optin30878773 - Subscribe to Arcadia's Youtube channel now to stay ahead of Wall Street! http://bit.ly/2t1HKOj - For more help understanding the markets or to talk with Chris visit: https://arcadiaeconomics.com/getting-help/ - To buy or sell #gold, #silver, #platinum, or #palladium call our precious metals supplier Miles Franklin at 1-833-326-GOLD (4653) now! - Visit the Arcadia Economics website: https://arcadiaeconomics.com/ - Follow Arcadia Economics on Twitter https://twitter.com/ArcadiaEconomic - Like Arcadia Economics on Facebook: https://www.facebook.com/Arcadia-Economics-127021697962493/ - Subscribe to Arcadia's Youtube channel now to stay ahead of Wall Street! http://bit.ly/2t1HKOjSubscribe to Arcadia Economics on Soundwise

Steve joins me once again, to discuss the role of investment demand, as well as energy, in driving precious metal prices to new highs in the future. SRSRocco YouTube:https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g https://srsroccoreport.com Articles mentioned: https://srsroccoreport.com/analysts-totally-wrong-about-gold-top-gold-miners-production-cost-still-provides-floor-in-the-market-price/ https://srsroccoreport.com/investment-demand-still-the-largest-growth-sector-in-the-silver-market/ Help support the Silver Fortune Channel through my sponsor, SD Bullion - 10 oz. of Silver at Spot! https://sdbullion.com/sf Support Silver Fortune through Patreon: https://www.patreon.com/silverfortune Any content within this video or any other video by the Silver Fortune channel is merely one man's opinion, commentary, and analysis, or actual information obtained from elsewhere, and should not be constituted as legal, investment, or financial advice. Make your own financial decisions, or consult a professional if you'd prefer to go that route. The Silver Fortune channel disclaims any liability for legal, financial, or investment decisions made. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/silver-fortune/support

Just how great of a value is silver right now, especially when compared to something like the Dow Jones Industrial average? Steve's Channel: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g His Website: https://srsroccoreport.com/ Help support the Silver Fortune Channel through my sponsor, SD Bullion - 10 oz. Silver Bar at Spot! https://sdbullion.com/sf Support Silver Fortune through Patreon: https://www.patreon.com/silverfortune Any content within this video or any other video by the Silver Fortune channel is merely one man's opinion, commentary, and analysis, or actual information obtained from elsewhere, and should not be constituted as legal, investment, or financial advice. Make your own financial decisions, or consult a professional if you'd prefer to go that route. The Silver Fortune channel disclaims any liability for legal, financial, or investment decisions made. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/silver-fortune/support

We spoke with Steve St Angelo of the SRSrocco Report on why silver is currently the asset with the lowest risk with the best upside. With U.S equities at record highs, Steve sees a logical opportunity to protect wealth with an undervalued asset like silver.

We spoke with Steve St Angelo of the SRSrocco Report on why silver is currently the asset with the lowest risk with the best upside. With U.S equities at record highs, Steve sees a logical opportunity to protect wealth with an undervalued asset like silver.

The Real Money Show chats with independant researcher Steve St. Angelo of the SRSrocco Report.   

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Jason Burack of Wall St for Main St and managing editor of The News Doctors http://thenewsdoctors.com/ and independent financial journalist, Eric Dubin welcome special guest Louis Cammarosano of Smaulgld https://smaulgld.com/ to Episode #17 of their Welcome to Dystopia podcast. Louis a a precious metal and real estate expert who also has been a teacher, worked on Wall St, worked in Silicon Valley and has been a lawyer for Wall St. During this hour+ episode, Jason asks Louis about the precious metals market. Louis thinks CPM Group and the Silver Institute use incorrect data. He says CPM doesn't count investment demand in their demand calculations and that the Silver Institute doesn't properly account for silver ETF holdings. Louis thinks the physical silver market has been in a major deficit for years. Eric then asks what will cause the silver price to rise? Louis says investment demand and/ot industrial demand for physical metal will force paper prices higher (if the manipulators allow it). Eric follows up about the manipulation of gold and silver and Louis says it's getting worse. Jason asks Louis if miners going bankrupt will force the manipulators to retreat and the paper prices to go higher? Jason asks Louis about the discrepancy between his Mexican silver supply numbers and the Mexican silver supply numbers Steve St Angelo of SRS Rocco report releases. Louis says Mexican silver miners have to increase silver production to pay bills even with low silver prices. He says this will continue until prices rise or miners go bankrupt because no capital is available to them anymore. Eric, Jason and Louis discuss the gold and silver miners and what will happen to them next?Jason says the perfect storm for miners is if physical demand for metal grows, and there's also supply problems. Jason then asks Louis about the rally in oil, copper, base metals, etc. Louis thinks it's not based on fundamentals and almost all short covering. Jason then asks Louis what he thinks the world will look like in 10 years? Louis thinks governments will attempt to nationalize all central banks and even big banks and government will attempt to control all credit issues within its borders. It's a chilling dystopian/authoritative future and we hope he is wrong about it! Besides accumulating physical precious metals, Louis says investors should be on the lookout for bargain dividend stocks of companies that can generate free cash flow and pay a dividend without using debt to pay dividends.

During this 40+ minute interview, Jason asks Steve about his recent article about how the Shale oil industry in the US is collapsing. Jason and Steve talk about the oil markets and how many higher cost shale oil producers have been able to delay bankruptcy. Steve calls shale oil a "Giant Ponzi scheme."Steve is predicting US oil production will collapse in the next few years unless the oil price goes much higher. He also says global consumers cannot afford oil prices above $70/barrel. Next, Jason asks Steve about the gold and silver mining industries. Steve agrees with Jason that at least half the primary gold and silver miners would be bankrupt already if oil prices hadn't collapsed helping to cut costs or if gold and silver weren't much higher in currencies other than the US Dollar. Steve thinks silver miners are a great speculative investment considering how cheap they are. To wrap up the interview, Jason and Steve discuss the supply/demand fundamentals for gold & silver. Steve thinks a lot of silver mine supply from base metal producers that produce silver as a byproduct will come offline soon as copper and base metals continue to collapse.

Jason Burack of Wall st for Main St had on gold and silver mining and oil and energy expert, Steve St. Angelo of the SRSRocco Report http://srsroccoreport.com/ on for an in depth interview. During this 50+ minute interview, Jason asks Steve about the costs to operate a modern primary gold and primary silver miner. Jason and Steve discuss how since ore grades have fallen so much over the decades how they have made it difficult for miners for have high margins. Jason asks Steve how miners have survived in the past when gold and silver were below their all in production costs in the mid 90s. Steve cites one miner, Coeur D'Alene Mining, who sold hundreds of millions more shares diluting shareholders to survive. Jason and Steve discuss whether miners can sell many more shares in this environment. Jason doesn't think that's likely considering what he hears from his contacts in Toronto and Vancouver where miners normally get financed how there's basically no debt or equity available anymore, except in small amounts at penalty/punitive rates. Jason asks Steve about primary copper miners and what will happen to the gold and silver by-product when the hedges of copper miners come off line and copper miners go bankrupt or shut down mines. Steve thinks this could cause a supply squeeze in the near future unless gold and silver prices rise. Jason and Steve talk about the fundamentals of the market how demand for physical is rising, while the paper price is controlled and how miners are struggling mightily financially just to not go bankrupt soon. To wrap up the interview, Jason and Steve discuss the oil and energy markets, peak oil and how the fracking boom is about to turn into a fracking bust because US shale oil companies are not making a profit without their hedges, they have too much debt and the energy returned on energy invested (EROEI) in shale oil is poor compared to other oil production. Steve and Jason also talk about solar power and how it's probably not a panacea to replace oil and natural gas, at least not until the battery problem is solved. Most rare earths mining is done in China to produce solar panels, making them not as environmentally friendly as people think and silver industrial demand should grow the more solar panels are used.