Emergency Planning

In the financial world…

The U.S. stock market continues to dillydally, with no clear destination. 

These are the “dog days” of summer: hot… slow… with little happening. But there are evil portents… and fevers to come.

In Italy, an earthquake has killed 10 people…

Here in France, the gendarmes in Nice have forced a woman on the beach to remove her “burkini.” 

Wearing it, she was obeying Muslim law. But the city of Nice… along with 14 other local authorities… requires her to obey their secular law. One law says she must cover up; the other says she must uncover.

And the German government is now advising its citizens to prepare for “emergencies.” 

As reported in German newspaper the Frankfurter Allgemeine Zeitung, for the first time since the Cold War, Germans are being urged to stock food, medical supplies and, significantly, cash. 

And Deutsche Welle, Germany’s equivalent of the BBC, elaborated: 

A wad of cash is another important part of any household’s emergency supplies. There may not be time to rush to a bank, and ATMs won’t work if the power is out.

It’s part of a “civil defense” plan being debated in the German cabinet. The plan says people should prepare for an unspecified event that “could threaten our existence.”

Here at the Diary, we always hope for the best. But it’s not a bad idea to take precautions against the worst. 

Note that a mystery hacker group known as the Shadow Brokers, breached the NSA’s elite hacking unit and stole some of the agency’s most powerful “cyber weapons.” 

The hacker group is now holding a Bitcoin auction for them. Whoever is the highest bidder will receive a file with the crypto-booty.

If mercenary hackers can break into one of the most secure systems in the world, couldn’t they also breach the electronic money system and wipe out all bank account records?

Our advice: Follow the Germans’ lead. Stock some food and some cash. 

Serious Break

Meanwhile, with Elizabeth still laid up after her horse-riding accident, we are growing accustomed to household work.

On Monday, we learned how to cook a mushroom omelet. 

Yesterday, we figured out how to operate the washing machine and how to give a sponge bath to an immobile patient. 

Later, we hung up the clothes on the line to dry.

Yes, we are learning useful things – things we’d rather not learn at all. 

The first thing we learned is how much time it takes to look after an invalid. 

There must be millions of older people who know this routine well… calling the doctor… arranging visits with a nurse to give shots… going to the pharmacy to buy drugs… raising the patient… lowering the patient… preparing the meals… cleaning the house…

…whew!

Yesterday, the local doctor came to visit. Dr. Resnier is a colorful man who looks a little like Otto von Bismarck, with a bushy moustache and a belly that hangs over his belt. He drove up in a Jaguar, an unusually expensive car for these parts.

We explained what had happened. He examined the patient. He called the emergency service for a discussion with the doctors there.

“Didn’t they tell you?”

“Tell us what?”

“There’s no wonder she’s in such pain and is fainting. Her back is broken.”

“What?”

“No, it’s not a serious break… and not the kind of break that will cause permanent damage. Just little splinters. They are not really dangerous, but very painful.”

He prescribed more painkillers… charged €33 ($37) for the home visit… and was on his way.

Friends have been helpful, too. Word is getting around that Elizabeth is bedridden. Knowing that she now relies on her husband for everything, they must feel sorry for her. 

One neighbor came with hot soup. Another left an entire meal on the table. Our part-time gardener collected some tomatoes and cucumbers from the garden, sliced them up, and sprinkled them with onions. 

It was a shock seeing him in the kitchen. He is a rough man, only half-shaven, with hands as hard as nails, and a cigarette permanently dangling from the side of his mouth. 

“Damien… I didn’t know you were a chef.”

“Well, when you’re single, you have to know how to cook. Otherwise, you’ll starve.”

Regards,

Bill

Don’t miss reading – Marc Faber Rings the Alarm Bell, Predicts a 50% Near Term Correction in Stocks

It’s been a long, hot, dreary and boring summer for most markets — with some of the tightest trading ranges and lowest volatility seen in decades.

Blame it on whatever, the heat, the elections, diminished investor confidence — it doesn’t matter. All that matters is …

A. We now have some of the tightest-coiled markets, ever, springs ready to explode. And …

B. Short-term cycles now pointing to those springs ready to produce explosive trends in many markets.

Put another way, all that sideways trading of the past several months is finally coming to an end!

And per my recent columns, you should know my forecasts:

For gold and silver, sharply lower into early October.

For the U.S. dollar, sharply higher into the end of the year.

For U.S. and European stock markets, sharply lower into October/November.

For those of you who like my AI charts, here’s an updated montage of gold (silver’s chart is similar), the dollar index and the Dow Industrials. 

 
Click image for larger view

If it were me, as I noted in last week’s column …

I would hedge any gold and silver holdings you may have with inverse ETFs. For gold I would consider ProShares UltraShort Gold, symbol GLL, which is already popping higher.

For silver I would consider ProShares UltraShort Silver ETF, symbol ZSL, a double leveraged ETF, seeking to deliver twice (2x or 200%) the inverse (or opposite) return of the daily performance of silver bullion in U.S. dollars. Already smoking hot!

For the Dow Industrials and the S&P 500, I would consider ProShares Short Dow30 ETF (DOG) and the Direxion Daily S&P 500 Bear 1X Shares (SPDN), both unleveraged. 

Lastly, I repeat my warning of last week: Everything I study, all major markets and all my major indicators, tell me we’re rapidly approaching a major inflection point in the markets. 

Keep in mind, the global economic and geopolitical scene is nasty, and getting worse by the day. In addition to ISIS and domestic uprisings in Europe and the U.S. …

First, the European sovereign debt crisis is getting worse. In fact, on August 11 a bank in a small Bavarian town 50km south of Munich, said starting September 1, it would levy a “custodian charge” of 0.4 percent on deposits above €100,000.

In 2014, Deutsche Skatbank, a small German co-operative bank in the east of the country, introduced negative interest rates for private clients on balances above €500,000.

Germany’s biggest banks, such as Deutsche Bank and Commerzbank, charge negative rates for big corporate and institutional clients and will soon have no choice but to charge retail banking customers as well.

All the result of negative interest rates and hair-brained policies of the ECB.

Second, disinflationary forces are still dominant. Throughout most of Europe, investors are mainly concerned with getting to cash and liquidity, and taking on little to no risk.

That’s disinflationary and it’s having a major impact on all markets, far more than most realize. Europeans who are not investing in our property or stock markets are hoarding cash, not gold.

Long term, though, it is a major force that supports the view for a major new bull market in gold, other precious metals and U.S. stocks. 

But not just yet. Pullbacks are needed first. Think of the pullbacks as the forces needed to pull back the string on a bow, creating a compressive force that when released, will send the projectiles launching forward.

Stay tuned and stay safe!

Best wishes,

Larry

…also: Marc Faber Rings the Alarm Bell, Predicts a 50% Near Term Correction in Stocks

It’s official. Canadians now spend more on taxes than they do on food, housing, and clothing. Well, politicians have to eat first. Their kids have to be educated to rule their generation.

The Fraser Institute has calculated that the average Canadian family now pays $34,154 in taxes in total, which includes all the “hidden” business taxes that are passed along in the price of goods and services. They have distinguished the visible and hidden taxes that would now equal 42.4% of the total average Canadian family income in 2015, which they have estimated at $80,593. The Fraser study estimates the average Canadian family spends $30,293 on housing, food, and clothing or about 37.6% of the family’s income.

This will only get worse for politicians always know how to spend other people’s money while pretending they will someone give them more, which never materializes. In the 1930s before income tax, the woman traditionally stayed at home to raise the children because it was normal for one income to suffice to feed the family. Now it takes two incomes and the women MUST work in the average family. It is no longer possible to survive on just one income.

The divorce rate has risen with taxation. The number one reason for divorce is always money. The divorce rate peaked in 1981 with the peak in the Economic Confidence Model that marked the peak in the last public wave. What has transpired since then was an initial decline in divorce began with the Reagan tax cuts and the same is seen in Britain with Maggie Thatcher and Canada. Now note that also marriages have declined from 10.8% in 1982 to only 6.8% by 2012. Marriage is on the decline and children are living with their parents into their 30s. Now 18 to 34-year-olds who live with their parents has reach a record high of 31.5% in 2015. The birth rate has fallenfrom about 40 per thousand to only 10 per thousand from 1775 to 2000.

The bigger government grows, the lower the standard of living. But taxes are also reducing birth rates and marriages. Talk to girls under 30. The majority say they do not want to bring in children to this world.

Something is seriously wrong. But government is addicted to stealing the people’s money. That means this will not end very nicely.

…related: A Disturbing State of Affairs

What goes up does come down? Cycles do work, and we must follow the swings!

Cycles are a forecast of the possible support or resistance zones, price and volume action determine if the actual turn is likely. That is the difference between a forecast and the actual event! You can learn more about readtheticker.com cycle logic at our Jim Hurst pages. 

Crude Oil up swing running out of juice!

Small Caps very extended, near the end, a down swing can be expected.

Investing Quote…

“Thus, I affirm, every class of phenomena, whether in nature or in the stock market, must be subject to the universal law of causation and harmony. Every effect must have an adequate cause.” ~ William D Gann

“Markets are designed to allow individuals to look after their private needs and to pursue profit. It’s really a great invention and I wouldn’t under-estimate the value of that, but they’re not designed to take care of social needs.” ~ George Soros

“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.” ~ George Soros

“Successful speculation requires staying on top of changes in industries and companies that either create new industries or improve on existing industries. The majority of your profits will come from these two … The shrewdest traders throughout history all adapted the skill of reactionary change, as the market constantly presents new and different opportunities.” ~ Bernard Baruch

“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.” ~ Warren Buffett

related: Gerald Celente Sees Worst Market Crash, New Military Conflict, and Gold Spike to $2,000/oz

“I want to start out by asking you about this massive disconnect between what the economic data is telling us versus what the stock market is saying to the investment world.”

Mike Gleason, Money Metals Exchange: It is my privilege now to be joined by Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is a highly sought-after guest on these programs throughout the world and has been forecasting some of the biggest and most important trends before they happen for more than 30 years now. And it’s a real honor to have him on with us today. Mr. Celente, welcome back and thank you so much for joining us again.

Gerald Celente, Trends Journal: Well thank you, Mike.

Mike Gleason: I want to start out by asking you about this massive disconnect between what the economic data is telling us versus what the stock market is saying to the investment world. For instance, we have the lowest rate of expansion in the U.S. economy since the 1940s. China is slumping, as are many other major global economies… not to mention the economic issues over there in Europe. Yet the equities markets continue to make new highs nearly every week with the S&P and the DOW continuing upward into uncharted territories. So what’s going on here? Are the economic numbers really better than what we’re being told, or is the stock market being propped up?

Gerald Celente: The stock market’s being propped up. We said this beginning with Quantitative Easing when it began, and we said that this is not a recovery. It’s a cover-up. The numbers don’t lie. The liars lie, and the markets are lying. You look at the facts, and here are the facts. You had a stretch of merger and acquisition activity unparalleled in world history because they’re borrowing money for nothing and they’re buying up companies. Then you look at the other facts, and the facts are that stock buy-backs are at record highs. What was it, like the first 3 months of this year, you looked at about, what, $160 billion worth of stock buy-backs.

And all this has done is boosted the equity markets. Again, these are the facts, and I know that the people listening to your show want the facts. Ninety-five percent of the wealth created since 2009 in the United States went to that famous 1%. It’s a fact, a fact worldwide. 62 people… everybody knows at least 62 people… imagine the 62 people that you know having more wealth than half the world’s population combined.

All this has done is juiced the equity markets. You look at fact after fact, the numbers don’t lie. All this is doing, again, it’s boosting up equity markets that should have failed a long time ago. The P/E ratios are out of line. Oh, how about this one? Hey, let’s look at corporate earnings. Why not? How many quarters have they been down in a row? Again, it’s gambling. It’s Ponzi-nomics. It’s not capitalism. They better start getting rid of that word, starting with Economics 101. This is not a capitalist society in the West. It’s bankism. Nothing’s changed from the days that Jesus Christ chased out the money changers out of the temple with a whip. It’s just a different group of names, man, doing the same dirty deals, propping up the markets to enrich themselves.

Mike Gleason: When we had you on back in the spring, I asked you if we were going to see another interest rate increase from the Fed following the paltry 25 basis point hike they did, and you said they couldn’t raise them because the market couldn’t handle it. You said the banks simply can’t operate without the continuance of low rates from the Fed, and just like you predicted, the Fed did nothing.

Hardly a week goes by without some Fed governor jawboning about plans to hike soon. What are you expecting now as we enter the final few months of the year, Gerald? Are they finally going to have to follow through and raise rates at least somewhat? And what about the possibility of a surprise? Maybe they follow Europe and Japan and go to negative interest rates or even helicopter money.

Gerald Celente: I think they’ll go to helicopter money before they go to negative rates, because the negative rates aren’t working at all. You look what’s going on, the numbers coming out of negative rate countries like Japan. What do they have Abenomics now, since 2012 basically that it began, and you’re looking at no growth coming out of Japan at all. Quite the opposite, in fact.

So what’s going to happen? There’s no way out. The central banks have run out of juice, and the only thing, again, they’re pumping up are these fake markets. Japan’s exports, for example, they just dropped 14%. Then you can say, well, you know, that’s because their Yen is strong and their products aren’t competitive. Then I would say, okay, then if their Yen is strong, they should be buying more. Correct?

Well how about this? Their imports tumbled 24.7%. Same thing in China, exports down, imports down. This isn’t boosting… and they have negative rates. Remember, they have negative rates in Japan. The other reason, Mike, they can’t raise rates is because look what’s going on now with the emerging markets. The MSCI Index is, boom, they’re popping back up from their lows, because all this hot money’s flowing back into them.

If the Fed raises rates, all of these emerging markets that borrowed this money when the quantitative easing and the dollar was really cheap, all that hot money that flew into there, countries and companies borrowing trillions, now they have to pay it back. They pay it back as the dollar value rises, as their currencies go down. What does that mean? More problems. So they can’t pay the debt back, and they won’t be able to pay it back, even worse, if there’s such a thing, if their currencies continue to decline and the dollar gets stronger.

I believe if the Fed raises rates, it will be after the election. And even at that point, it will be only 25 basis points, and look what happened the last time they raised them, last December when they raised them 25 basis points. You woke up, Happy New Year, the DOW opened up the first 2 weeks the worst in its history. Then you saw on a global index, you’re looking at about $6 trillion worth of equities are wiped out the first month of January. The Ponzi scheme cannot continue if they raise rates.

Mike Gleason: I want to shift to gold here because we’ve seen that this extremely low and/or negative real interest rate environment has been very bullish for the metals. We’ve got gold up over 25% so far this year, and silver is doing even better and is up about 40% year-to-date. All of the corrections in the metals have been very shallow as lots of money continues to flow into the sector, especially on the dips. Have the precious metals gotten a little ahead of themselves here maybe, or will we continue to see strength here in this sector?

Gerald Celente: I don’t think they’ve caught up to themselves. I think they have a lot more to go. Again, it’s like what you said before about these FOMC people coming out, all these Fed cats coming out saying, “Well, you know, the economy is strong and it looks like we’re going to be raising rates.” They keep BS-ing that. Go back to May, they never stopped. Then, poof, they shot down the price of gold, and that’s what they’re doing. That’s what all the central banks are doing. They’re talking up strength. They’re talking up probabilities of raising Fed rates to push down the price of gold, because once the price of gold breaks …

Here’s our forecast, by the way. We believe when gold breaks over $1,400, and I’m saying $1,400 strongly, $1,400 in terms of $1,480, $1,470, $1,460, that kind of range, we believe it’s going to spike toward $2,000. The greatest fear that the central banks have is that people see that their digital currencies backed by nothing and printed on nothing are worth nothing. That’s why they’re going to do everything they can to push down the price of gold, but at some point, it will be out of their power.

Mike Gleason: It does seem like the longer this goes on, the less control they do have over it. Obviously, we’ve seen a pretty big rise in the gold price this year, but you think that once it takes out some overhead resistance levels, it could be just off to the races and they could completely lose control. Is that what you’re saying?

Gerald Celente: Yes, because this next crash that happens will be the worst crash in modern financial history because of all the reasons I began with, all of this cheap money pumping up equity markets, pumping up mergers and acquisition activity, and one I forgot, pumping again up the housing bubble worldwide. So when this bubble bursts, it’s going to be one that we’ve never seen before.

Look, here’s the numbers, for example. Take China, go back 20 years to 1996. What was China’s total debt? About $500 billion. Now it’s over $30 trillion. Look what’s going on with Europe, with the ECB. What a bunch of slime with their negative interest rates and buying back not only government, but corporate bonds at the tune of, what, 80 billion Euros a month. Take a look what’s going on with the Bank of England. What did they lower interest rates to? Oh, only 322-year lows and now buying corporate and government debt.

So this bubble, when it bursts, we’re going to see gold prices hit through levels they’ve never hit through before. And remember, even when gold hit its high back in the autumn of 2011, it still didn’t reach the high it left back when it hit the high in 1980, when you adjust it for inflation.

Mike Gleason: Switching gears here a bit. I want to get your thoughts on the social unrest that we’ve been seeing here lately. Certainly, the last few years here in the U.S., and especially the last few months have been very emotionally charged. This past week we saw some disturbing images coming out of Milwaukee, the latest location to grab headlines in the growing and apparent war between minorities and police. What do you make of all of this and what are some of the repercussions of these kinds of events, because we have some very polarizing issues emerging here?

Gerald Celente: You said the word, polarizing issues. And I began by saying the polarizing wealth effect. Is that all of it? No, of course it’s not, but that’s a big part of it. There’s no middle class, the middle class is shrinking out. When people lose everything and have nothing left to lose, they lose it. This is what we thought would have happened back when the markets crashed, when the panic of ’08 hit, when we saw all those disturbances going on. What they’ve been doing is you don’t have bread lines anymore, so they keep shooting the people to keep them off the bread lines. Now, they’re going to levels where they can’t pop up at all.

Then you have huge drug issues on top of that. America is consuming, 80% of the world’s opiates and we’re only 5% of the world’s population. Look at all the prescription drugs people are on. Again, you have no future. It’s a futureless future. Then you have a militarized society. The fish rots from the head down. Look at the wars America is waging overseas. Look at how we glorify militarization, and we have a militarized police. The whole system is rotting out at all the levels.

This may be the last time you ever have me on your show because I may say this word and it may offend people, morality. It doesn’t exist anymore. Look what’s going on in this presidential election. I call it we’re getting “Crumped” between Clinton and Trump; 320 million people, this is it? This is the best we can do? And it’s a reflection of who America is and what it’s become, as we see it, as trends forecasts, as political atheists. I’m an American. My blood is Italian; my heart’s American. I launched Occupy Peace here from the most historic four corners in the United States at Kingston, New York, last September, and we own 3 of the most historic buildings in America. So when I say this, I say it because of my love of America and my heart breaking to see what’s going on.

There’s ways out of this, and Trump hits on some of them, but he goes off on a deep end on others. Of course, one of them is trade. They sold us out with NAFTA, and it keeps going on and on. There’s other ways out, too. It was one of our Top Trends and you saw it with the Brexit. The people voted for it. It’s direct democracy. Let the people vote for what they want. Now what can they do? How about Made in the U.K. with Pride? How about Made in America? How about a self-sustaining economy of 320 million people? Are we too stupid to make our own shirts, shoes, computers, and anything else?

There’s ways out of it, but we have a corrupt political system and how much more proof do people need? They start wars based on lies and they steal all our money, in the names of “Too big to fail” and any other words that they can make up. So there’s ways out, but not under the current system.

Mike Gleason: You touched on it there. The presidential election cycle is about to enter the home stretch here. It’s certainly provided a lot of entertaining theater so far and the best entertainment may be yet to come. Of course, we’re dealing with some really serious challenges as a country, and I don’t want to trivialize it, but give us your thoughts on Trump versus Hillary and what you’re expecting to see there this fall.

Gerald Celente: Well the cover of our Trends Journal in the spring of 2015 was “Cowards, Liars, Freaks and Fools: Welcome to the Presidential Reality Show.” That was two months before Trump got into the race. At that time, we picked Clinton. Then we went back and we picked Trump, and we picked Trump because of the issues, as what I talked about, it’s the bottom line. Most people care about jobs. You look at the polls. They care about income. They care about the future. Trump was trumping Clinton on that, and Clinton has no ground to stand on that, considering that Bill Clinton gave us NAFTA and these trade agreements. Trump was winning on that issue until he put his foot in his mouth a number of times and is destroying his own candidacy.

Running political elections is not rocket science. I began my career out of graduate school. I ran a mayoral campaign. I was the campaign coordinator, number-2 guy at graduate school. And Yonkers is a city like what, 300,000 people. I ran political campaigns in Westchester County. I was the assistant to the secretary of the New York State Senate and designed and instructed American Politics and Campaign Technology at St. John’s University. Just to give you a little bit of my background. This isn’t rocket science. You stick to the script. When you need to change the script, you change it. Trump can’t do it.

So we believe that Trump should have been beating Clinton, and their campaign is not over yet. We believe that the debates are going to really be the turning key of this whole election, and they’ll be the most watched events probably of any TV event in history. So we’re going to wait until that happens, but the election was Trump’s to win or lose, again, based on the numbers. Go back to 1992. There was a campaign slogan they used to have in Clinton campaign offices around the country, “It’s the economy, stupid.” And that’s all it is. These other issues, the wedge issues, they’re side issues. It’s the economy, stupid.

Mike Gleason: Well as we begin to close here, tell our listeners what other developments you’re watching for in the months ahead. Your firm’s stock and trade is in identifying trends before everyone else becomes aware of them and helping your subscribers position themselves to take advantage. What are you expecting to see? What are you expecting to see in this coming 6 to 12 months? What will the headlines be looking like that people aren’t talking about yet?

Gerald Celente: Well two of the big ones, we still believe there’s an imminent market crash to happen. Then we’re also concerned about terrorism and war. People keep talking about terrorism, but nobody wants to talk about the cause and effect. So let’s say a foreign country came into the United States and hated our president and said they didn’t trust him with the nuclear button, and they invaded our country and killed everybody that you loved and destroyed the place. You think you’d want to get even with the people that did it?

So now, let’s take a trip to Iraq and Afghanistan. How about Libya and Syria? Look what’s going on with Yemen, the United States supplying all the weaponry, $20 billion last year under Obama, the Nobel Peace Prize winner. They should call that thing a piece of crap, the Nobel Piece of Crap. Twenty billion dollars’ worth of armaments to bomb the innocent people of Yemen given to the Saudis and America is part of the coalition.

We believe there’s going to be something that’s going to take the people’s mind off the economy, because when all else fails, they take you to war. We keep hearing the war drums beating louder, whether they’re against Russia or China, and they’re growing louder in the Middle East. So those are the 2 things we’re looking at, a market panic like we’ve never seen before and something, either a terrorist attack, false flag or real, that gets the people’s minds off the money.

And I say that… go back to 2001. America was in a severe recession. People forgot that. George Bush’s popularity rating was going below 50% and he had only been in office for several months. All of a sudden 9/11, poof, shot right back up and what did they do? Began lowering interest rates to 46-year lows. Juiced up the economy with a false infusion of cheap dough. That’s the kind of things we’re looking at.

On the technological end, boy, look for advances in robotization, virtual reality, and artificial intelligence. We’re really going into a new age and we don’t think in this level it’s going to be a dot-com bust. We think it’s going to be real and there’s going to be a lot of profit opportunities in it.

Mike Gleason: Well Mr. Celente, thank you so much for joining us again. I always love having you on and appreciate your candid insights as usual. Now before we let you go, as we always ask you to do, please let folks know how they can get their hands on the tremendous information you put out, both online and with the Trends Journal magazine as well as anything else that’s going on there at the Trends Research Institute that you want to mention.

Gerald Celente: We have the Trends Journal. We do a nightly broadcast, weekday broadcast, Trends in the News. We put out Trend Alerts each week and next week, our Trends Monthly. So it’s the only place we believe where you’re going to be able to read history before it happens. And we know people are having difficulties, so we have a discount request page, but even at that, the Trends Journal is only $99.00 a year for the digital edition. And it’s at TrendsResearch.com.

Mike Gleason: Well excellent stuff. Once again, have a great weekend, and I hope we can catch up with you again real soon. Appreciate your time, Mr. Celente.

Gerald Celente: Thank you. And thanks so much for having me on.

(Audio: DOWNLOAD MP3)

related: Marc Faber Rings the Alarm Bell, Predicts a 50% Near Term Correction in Stocks

Mike Gleason is a Director with Money Metals Exchange, a national precious metals dealer with over 50,000 customers. Gleason is a hard money advocate and a strong proponent of personal liberty, limited government and the Austrian School of Economics. A graduate of the University of Florida, Gleason has extensive experience in management, sales and logistics as well as precious metals investing. He also puts his longtime broadcasting background to good use, hosting a weekly precious metals podcast since 2011, a program listened to by tens of thousands each week.