Nomi Prins Predictions

[22:41] We are about to be at a deficit for gold. Again, six-year running for silver for current demand. Not even talking about extra data centers or electrification, resupplying defense departments around. None of that just is current demand.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[15:00] I think under Wor, he's not going to be able to dial that back. He's not going to be able to take away the end of QT because I don't think it's in the best interest of the US Treasury. It's not in the best interest of managing the inflation of the country in managing the cost of servicing the massive debt that keeps growing that the country has.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[13:26] the Fed cannot control real assets as we're talking about gold now and silver and copper and aluminum and rare earth and uranium oil. It has it has no ability to control the supply chain at any level. So the idea of it being an arbit any central bank of of inflation by the tightening of some money in the long end is is is a bit it's it's a bit arbitrary.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[20:51] So if I'm investing just on the sheer logic of all of that, the numbers, the supply and demand, the the value and and where it's coming from, I'm not going to buy treasuries, I'm going to buy gold. That's just that that just makes sense.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[9:28] physical supply will ultimately win relative to physical demand in terms of bringing those values up.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[1:20] There's a lot of value in pure play silver miners. Um, when I say pure play, I mean silver miners that are very close to the silver the itself that don't have to process other types of metals in their deposits. So things like ya gold and silver which is pure play um and even first majestic in Mexico that's been quite depressed.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[2:29] Future utilities are buying it at 95 100. So therefore it's going to go up to that level.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[2:35] The miners who mine uranium in the western hemisphere have underperformed the price. So it's one of the few areas where the miners have actually significantly underperformed a very stable to increasingly higher price. That's an opportunity. [...] things like UEC have such good upside potential.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[2:09] there are tremendous opportunities in copper and in junior copper developers around the world because we are heading into a massive scarcity and supply of copper for not just future demand but current demand.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[17:04] we targeted oil to go back to the 70 or 80s level a couple months ago, and that's kind of what we're seeing. Can it get to 81 82 if there's continued aggression? Sure. But we're basically in that in that sort of ban.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[18:17] That's why we're not going to see oil prices come back down to the 60s or even below that that we saw pre the period of this war. That's why I think we stay in that 7080s range.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[17:20] the inflation numbers that just came out that the Fed was looking at, the headlines were scared about are going to creep down because they're not pricing in what was $110 to $138 oil for that aberration in that quarter. And then going down to 95 110. They're going to start to price in that 70 80 level, that's going to bring numbers down.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[13:43] there's basically a 5:1 appreciation of gold relative to purchasing power, relative to inflation versus cash. And it's five times to two times versus if you invested in treasury bonds [...] it does continue to have that value [...] it definitely not just keeps up with debasement, it actually outpaces debasement.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[14:13] if you go down the curve in terms of supply and you get to the major minor and then you get to the developing minors that multiple becomes 15 times for major minors and it becomes 100 times for the appropriate right jurisdiction well-managed junior miners.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[8:48] we might stay here for a little bit, but I do believe we're going to get to 6,000 by the end of the year.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[17:01] Our prediction in the beginning of the year was that silver will get to 120 from where it ended last year. Of course, it got to 121 in January. We're all very happy about that. Um and it has since traded off significantly. We still believe it will get to 120 by the turn of the year.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[2:52] oil prices went up to 138, you know, in the beginning of the war period, now they're they're down in the mid70s and we had said they'd be in 70 80 bically for the rest of the year and and we're basically in the 70s.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[6:14] inflation numbers that were just posted in the last one or two prints are going to come down.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[5:17] I think I I maybe I'm being a contrarian on this, but I don't see rate hikes and I I think you're on the same page with me there... even if that were to happen, which I do not believe

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[7:22] Inflation is not going away. But that it's not going to be in that sort of high 3 4% range when we see the next prints.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[11:05] I think we could even potentially see an easing of rates. I don't think that's going to happen in the next meeting or the next two meetings.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[14:11] I don't see them going to a QT I don't see them stopping um what what is already in motion which is effectively QE um but not called QE

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[21:56] I can see a situation where four or five years from now they own, you know, basically just a little float of treasuries to maneuver in international markets and the rest is all other currencies, their currency or gold. And I think that's where we're going with some of these banks.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[3:41] Obviously, we still had a 5,500 in January. Our prediction at Prince sites was for 6,000 by the end of the year. Before that happened, we we still stand by that.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[0:01] silver was our number Silver was and actually remains our number one pick for the year um before it hit um 120 ounces. um dollars per ounce before before the war when it hit its high. We had suggested it would get to that point which which it did. Um from where it was going into the year and then of course it's fallen back and it stayed in this sort of $75 per ounce range. I think that is a tremendous opportunity. So I I'm not off silver... I'm absolutely still bullish on silver. I still see it getting back to 120 or higher by the end of the year.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[0:10] we had suggested that copper would be above seven actually by the end of this year dollars per pound. We think that's going to continue already seeing breaks above that.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[27:02] I think uranium um is is actually undervalued at at at 85 86 right now. Um so so I think that's one that that hasn't quite gotten itself through um through the system yet in terms of how how severe the geopolitical control of enriched uranium is

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[12:26] I believe that's what's going to happen when Kevin Worsh comes in. And I think this is part of the market positioning um that has been evolving in the wake of the Iran war even with the higher spikes we've seen in oil driving higher inflation costs is that we're going to see more bond buying from central banks whether it's called QE whether it's um less runoffs

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[11:54] we've got a $39 trillion um amount of debt outstanding, which is only going to increase. So, if you even look at, you know, let's round that up to 40 by the end of the year.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[36:05] even if it changes tomorrow you're still going to have at least a month or two of filtering through over 3% inflation. The Fed likes it below 2%. I personally think that's a hard number to to get to

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[4:41] I've been in the camp of no, that's not going to happen around the 70 to $80 mark by the end of the year. And I say that because we're already looking at oil prices um in the low 90s now.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[11:27] So the fact that we only have uranium prices now in the sort of high8s to me is a very very low price point for where uranium will go and where in which uranium processing will go in terms of companies that can do both that actually have processing capabilities and also um uranium supply mines throughout the world

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[23:03] we can see inflation basically keep rates where they are in the short end, but in the long end we can see more bond buying.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[23:09] it would not surprise me at all. And like I said, I look forward to seeing the language of this um that there's some loosening of language related to QE or some sort of bond buying by the FOMC committee when they um release their statement in two weeks.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.

[29:37] we continued to see gold at 6,000 by the end of the year. Um we put that as as a limit um as a level as a level for this year um when we looked at our our January um which we do every year our January sort of forecast for the commodities that we're most looking at. Um, and I I don't see that changing.

Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.