Frackers burning cash (E1312)
In this episode of the Keiser Report, Max and Stacy discuss the 'sweet spot' for Russian oil producers as profits surge, while frackers in Texas continue to burn investors' cash. In the second half, Max continues his interview with Egon von Greyerz of GoldSwitzerland.com about the credit cycle turning and what's next for gold. And, if gold rallies, what happens to precious metals? They also discuss Venezuela's gold being held hostage by the Bank of England.
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