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Russia’s all-out invasion of Ukraine by air, land, and sea threatens to rattle the global supply chain and disrupt the export of commodities from both countries. At the same time, stringent US and European sanctions on Russia may further disrupt global energy and metal supplies. Ukraine is considered the "breadbasket of Europe", and impacts of the ongoing crisis between both nations is expected to hit the food supply chain. At the same time, Russia is one of the leading suppliers of crude oil and natural gas. Let's skim through the major commodities exported by both nations and the impact of war on the export of those commodities.
At the start of the year, Berkshire Hathaway billionaire Charlie Munger had a gloomy take on where the US stock market is headed this decade in real value terms.
So as we look out to the other building wall of debt and seemingly infinite stimulus about to be imposed into our financial system in the years unfolding.
We thinkers about the future are left to ponder.
How in the hell are were going to get out from the $100s of trillions in unfunded liabilities (debts and promise piles) collectively coming due this decade and into the next?
Neither I nor you can time the expiration date of this misguided yet ephemeral trust in using counterfeit money to pay for record-breaking debt levels and historically unmatched asset bubbles.
But as both history and natural market forces confirm, that trust ends once currencies lose their value and the madness of crowd faith in fantasy is replaced by a mad crowd of broke investors.
Those who confront facts rather than fantasy, however, can prepare for the unfolding of history and math without having to worry about the precise “timing” of what is otherwise inevitable. Toward that end, the historical remedy for the current wave of policy madness has always been the same: Precious Metals.
Key Point: We don’t actually need higher gold prices to make lots of money.
Imagine what would happen if gold did “nothing,” fluctuating sideways for years…
That would mean $1,900–$2,000 gold for quarter after quarter after quarter.
Unless management of the world’s gold producers turn criminally stupid all at once, that would make gold miners a stellar market sector for long enough to attract a lot of generalist investors. That’s all the more so with Berkshire Hathaway’s purchase of Barrick Gold shares appearing to give “Buffett’s Blessing” to gold stocks. Those of us who already own the best producers would be well rewarded.
There’s been little money spent and fewer major gold and silver discoveries made for years. Larger companies will have to take over smaller ones that have made economic discoveries. That wave of takeovers has been held back by COVID-19 this year, but I think that will just make the tsunami all the bigger when it does arrive. Those of us who already own the most likely takeover targets should make a bundle.
Such a stable, relatively high gold price environment would make many marginal projects more robust. Better yet, it would turn already robust projects into prospective cash geysers. Such advanced exploration and development stories should deliver in spades for those of us who already own shares—even in a flat market.
Success in production and development companies would provide the cash needed to fund more high-quality exploration plays. Mines are, by definition, self-depleting assets. All miners know they must explore (or buy other companies that do it). It’s either that or they mine themselves out of business. Even if gold went nowhere for years, I think we’d see an explosion of exploration such as we’ve not had for years. Those of us who own the best explorers would be well rewarded in due course.
Most importantly, silver should be bought for wealth preservation purposes and not for speculation. Therefore it must be held in physical form outside a fragile banking system.
This so called metals correction is a chance to get more and get ready to position with producers and explorers of quality. Metals are currently correcting more than producers and explorers. Futures hold a significant opportunity. The political environment will be a huge trigger. Let’s call it metals mayhem. This is not a joke.
When crime rates explode because of lack of supplies and people start fighting over access to the meager food lines at FEMA camps, THAT will be panic….
by Brandon Smith via Alt-Market
One rule every preparedness expert should go by is to always be concerned when establishment authorities, the media and “shoe shine boys” start volunteering their “expert” opinions on why you should not be concerned about a particular danger. The establishment most likely has an agenda to keep you passive, and the shoe shine boys are simply regurgitating what they hear from the media like good little robots. These people are far too interested in whether or not you are preparing for a threat; in fact they seem hell bent on talking you out of preparation in general. Why is that?
In the past two months I have seen an endless flow of mainstream news stories arguing first, that Covid 19 is nothing to worry, and second, that the public is “in a panic” over the virus. The first assertion is obviously ridiculous. With an official death rate of around 6% in Italy alone, I think we are starting to see what the Chinese government has been trying to hide as they continue to threaten their citizens with punishment for leaking “fake news” (FACTS) on the coronavirus. This event is not something to be taken lightly; it is a paradigm shifting scenario which will change the world forever.
The second assertion seems to be a calculated exaggeration; a form of reverse psychology. Keep telling people they are “panicking” when they are not and maybe they will go to the other extreme and passively do nothing at all just to avoid the label. I have to say, I don’t think people in this day and age know what a mass “panic” actually is, especially if their only point of reference is some empty toilet paper shelves at Costco.
In terms of the stock markets one could say a “panic” has FINALLY ensued as trillions in capital are being wiped out daily, but this does not affect the average person financially in the short term. The stock market matters only in that it is a psychological placebo which keeps people from looking into the deeper problems within the fundamentals of the economy. They see the stock market is doing well, they don’t bother to investigate anything else.
Now that stocks are crashing perhaps the public will look into other more important factors, including historic levels of corporate and consumer debt, the global dollar liquidity shortage and the Fed’s repo crisis, the global plunge in exports and manufacturing, the retail Apocalypse in the US, collapsing Treasury yields, collapsing oil prices, etc. Most of these are problems that existed long before the coronavirus, but maybe now people will start paying attention to them.
These problems will still be lost on the shoe-shine boys, who will continue to call you a “chicken little” for merely taking practical precautions in case of disaster.
A friend of mine was talking with some people at a local gas station about getting prepared just in case supply lines break down during the pandemic. A highway patrolman overheard him and decided to butt into the conversation, smugly telling everyone this is “just another Y2K” and it only kills people over the age of 80. My friend related to me that he tried to present a rational case for why his concerns go beyond just the virus…but the dumb cop just grinned and ignored him.
I had an interesting encounter a few weeks ago myself, when I was surprised to find a box of N95 masks at a hardware store. I went to purchase them to add to my supply and a cashier in a little vest decided to regale me with a long list of reasons why the coronavirus is “no worse than the flu” and there’s nothing to worry about. None of his information was correct, but it’s not really my job to save every all-knowing cashier I come across, so I just told him “I guess we’ll find out in a couple of months…but it’s better to be found prepared than it is to be found stupid.” The box of masks I purchased for $14 is now selling for $100, if you can even find them.
JFK Sr. related a story about how he knew the stock market crash of 1929 was coming when a shoe-shine boy started offering him unsolicited investment tips on the “best stocks” to purchase. He pulled his money out immediately and markets crashed days later. This is what I mean by “shoe shine boys” – These people are a litmus test or warning signal for smarter observers. They represent a focal point of blind optimism and arrogance within our society. They are one of the best contrarian indicators of what you should be doing in the face of a crisis.
The highway patrolman and the hardware store cashier are the same people that will be raging a month from now about how they can’t find anything they want at the grocery store and how they can barely leave the house because of the pandemic spread. They are the same people that will be demanding handouts from others two months from now when the supply chain has completely broken down. All they had to do was stock extra supplies of goods they normally use anyway, but they are more interested in being the “smartest guys in the room”.
This past week, government welfare leach Elon Musk decided to do some pandering for his globalist masters with a Tweet about how “coronavirus panic is dumb”. The special guest attendee of the World Government Summit knows full well what all this is about. It is the job of gatekeepers like him to try to convince the public to be as inactive as possible in the face of a legitimate threat. It’s not only about the virus, which Musk has no understanding of whatsoever; it’s also about the economic collapse that is occurring in the background of the pandemic.
How much do you want to bet that Musk has a grand emergency bunker of his own in case the worst happens? Most of his elitist buddies have them. But you trying to prepare? You’re dumb and panicky…
What we are witnessing is not panic, it is preparedness, and on a relatively subdued scale at that. People stockpiling essentials for emergency situations is something that should be an American mainstay – a way of life. Already the phrase “hoarders” is being used in the media to label such people, so you can see where this is all headed.
When REAL panic ensues you will know it. When the public can’t find an open grocery store, then you will see panic. When there are checkpoints in and out of major metropolitan areas stopping people from leaving if they have any symptoms of illness, then you will see panic. When Covid-19 continues to circulate through the population for a year or more and does not disappear during the summer months as some people theorize, get ready for anger and panic. When your local banks announce a financial “holiday” for an unspecified amount of time because of a credit crisis and lack of liquidity, and all the ATMs are shut down, then you will see panic. When crime rates explode because of lack of supplies and people start fighting over access to the meager food lines at FEMA camps, THAT will be panic.
And don’t think for a second that this is not possible in this country, because it absolutely is. All it takes is for the global supply chain to break down for one month and there will be chaos like nothing the average person has seen in their lives.
Examples are already starting to materialize. A reader of mine with inside information on Walmart corporate office decisions has recently told me that individual Walmart stores will no longer be able to order stock from warehouses (distribution centers); they will still be sent trucks randomly, and those trucks will only carry what the warehouses happen to have on hand at the time. In other words, Walmart stores will soon have huge holes in their inventories due to the supply chain breakdown.
This might be limited only to Walmart, but I suspect not. The supply chain crisis will probably develop slowly relative to the pandemic situation, in the span of a couple of months, but there are certain items that will disappear rather quickly. For example, there is a legitimate threat of a drought in medicines and pharmaceuticals in the US as Chinese manufacturing has not come back on line. There are also concerns that China may “weaponize” US dependence on their medical manufacturing and deliberately withhold shipments. I would stock any essential medications and over the counter drugs you might need now.
If you want to see real panic, just wait until the nearly 50% of Americans on at least one medication can no longer get their prescriptions filled. Wait until people who are physically dependent on their supply of insulin or heart medication can’t get any. This is not a joke. It is not something to sneer at or look down our noses at.
My purpose here is not to frighten readers, but to put things in perspective and prepare you for what is coming. Lack of toilet paper in Costco is a minor inconvenience. Empty grocery stores and unfulfilled prescriptions is a nightmare.
The way to deal with this is simple – Prepare Now. Don’t listen to frauds like Elon Musk or the mainstream media when they accuse you of being a “hoarder” just for stocking supplies you would have normally purchased and used anyway over a longer period of time. There are only two reasons to discourage the public from prepping for a disaster:
1) Because the establishment is packed with idiots that do not like people breaking with the status quo and they want to maintain the illusion that all is well even at the expense of human lives.
2) Because the establishment wants to keep the masses as unprepared as possible so that as the disaster accelerates they will be unprepared and desperate, and thus easier to control with promises of government “aid” when the time comes.
Take your pick. I’m not sure which one is worse, but given the evidence of past elitist engineered crisis I’m going to say #2 is the true reason behind all of this. As I predicted in my article ‘The Psychological Warfare Of Economic Collapse’, published in 2018:
“Forcing the public to embrace worldwide centralization would require several measures. First, the current system, which as stated is designed to fail, would have to be allowed to crash. Second, the crash would have to be blamed on someone other than the globalists and their ideology of globalism. Third, philosophical opponents of globalism (i.e., conservatives, nationalists and decentralization activists) would have to be demonized or eliminated so that the globalists can build their new world order without opposition. Fourth, the population would need to be sufficiently traumatized to the point of psychological submission and desperation, so that when the new system is introduced, they will be grateful for it, thus preventing future rebellion by making the public a willing cooperator in their own enslavement…”
And, as I noted in my article ‘Globalists Only Need One More Major Event To Finish Sabotaging The Economy’, the Everything Bubble has been so precariously inflated that any freeze in liquidity will bring it tumbling down. That event has now happened and we are witnessing the implosion of the bubble in real time.
The goal here is to conjure maximum chaos. This is why the mainstream media, the White House, the CDC and the WHO have all been consistently downplaying the pandemic threat until the past week. This is why they are now trying to “shame” people who go out and prepare by accusing them of “panic” and calling them “hoarders”. This is about keeping the public in check and immobile until the REAL panic happens, and by then it will be too late for them.
I want to commend the people who stuck with me and the message of preparedness for the past several years despite the ever present “skeptics” and naysayers. We were right, they were wrong. A collapse on a national or international level was not a “paranoid” fear – it was happening in stages under the surface, and all of you were smart enough to see it coming. But now comes the hard part; how to respond?
Be sure to surround yourself with other prepared people of like mind. Be sure you are not surrounded by the shoe-shine boys who will claim they are entitled to what you have. Don’t support martial law and the subjugation of constitutional liberties no matter what rationale the establishment gives. They were the people that dismissed the pandemic threat for at least two months, they are not to be trusted now. Finally, understand that survival is a means to an end, it is not the only goal. The job of maintaining the principles of freedom for future generations falls on our shoulders now. This is far more important than mere survival.
For now, just make sure you have your preps squared away. My rule is, always plan for the worst case scenario. This is why I am not personally “panicked” by the Covid 19 crisis. This is why many people I know are not particularly panicked. One does not panic when one is prepared.
At the time, it would have been silly to make any specific predictions about what the price would go to on a specific timeline. But it was correct to acknowledge the long term, physical precious metals hold their value.
You hardly have to worry about losing value in silver, as long as you didn’t mind waiting. But one indicator in 2009 said you probably wouldn’t have to wait long.
Silver was trading at a ratio of 70:1 to gold, meaning people were paying 70 times as much for an ounce of gold, compared to one ounce of silver.
Over the last century or so, the ratio has historically hovered around 50:1.
And over the very long term, it’s been more like 16:1.
By 2011, the price of silver reached almost $50 an ounce, and the silver to gold ratio hit 32:1.
You could have sold silver bought in 2009 for a 385% gain.
It’s not that you want the cash… long term, precious metals are still a better place to store a good chunk of your wealth.
But when you sell high, you can reload your silver position after a correction in the prices of precious metals, and scoop up more silver at a much lower price. You keep the difference.
And with the silver to gold ratio back below 50:1, chances are good that the price is peaking. And indeed, the price of silver did drop… and continue diving.
A couple of months ago, the price of silver got down as low as $14.34 per ounce.
At the same time, gold was around $1,270 per ounce. The silver to gold price ratio was 89:1.
It hasn’t been that high in almost thirty years. And that indicates that it’s once again time to be bullish on silver.
Today, as of this writing, with gold around $1,500 and silver about $17 per ounce, the ratio is still looking nice, around 88:1.
And keep in mind that gold is also rising. For the gap to close so one ounce of gold is worth 50 ounces of silver means silver would increase by quite a bit.
Now to be fair, the ratio could also close if the price of gold plummets, instead of silver increasing.
But most indicators say gold is also setting up for a bull run, after languishing for about seven years.
For one thing, the USA is $22 trillion in debt, and buyers of that debt are already slowing down.
Ultimately, the government may force the Fed to buy more of its debt, which would likely drive up inflation, or risk a default.
That’d be bad news for theUS dollar.
Precious metals are a perfect hedge in a world where central banks manipulate the currency.
But there’s another, almost inevitable reason to believe the price of gold is going to go up from here… and that’s supply and demand.
Large mining companies just aren’t pulling as much gold out of the ground as they used to. Gold’s been left for dead by investors, and mining companies have had to cut exploration costs just to survive.
In the 70s, 80s, and 90s, gold deposits of 50 million ounces or more were found at least once per decade. And deposits of 30 million ounces or more were discovered about ten times per decade.
But in the last 15 years, there have been no gold deposit discoveries of 30 million ounces or more.
Now with the price ratio of silver to gold at 88:1 you would expect them to be pulling 88 times as much silver out of the ground compared to gold. After all, scarcity is a major aspect of the prices of these precious metals.
But the actual ratio of silver to gold being extracted is 9:1.
That means that:
*Gold is likely to go up because of scarcity and a rough road for the US dollar *Silver prices are likely to adjust back to a 50:1 ratio with gold, if not better *The price of silver is around the lowest it’s been in years, and gold just started to tick up *The new supply of these metals is the lowest they’ve been in years *That says it is time to hedge some of your wealth, and buy precious metals– especially silver if you are looking for more upside potential.
But keep in mind that even though silver and gold are practically guaranteed to hold their value in the long term, that growth is not linear.
Remember, these aren’t predictions about specific prices at specific times. These are long term trends.
If you had bought silver in 2011 you’d be sitting on a 71% loss today.
But thousands of years of history tell me that even if you bought silver at the peak, you will eventually recoup those losses.
Of course, I much prefer to buy at really low prices. And right now, the price is right.
VANCOUVER, Sept. 4, 2018 /CNW/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or the "Company") advises that the United States Army Corps of Engineers has released the Scoping Document for the ongoing Environmental Impact Statement ("EIS") assessment of the Pebble Project. This EIS process is an integral part of permitting the Pebble Project under the National Environmental Policy Act ("NEPA").
We would also like to announce that Northern Dynasty will be presenting at the H.C. Wainwright Global Investment Conference at 11:40 am EDT on September 6, 2018 (venue is The St. Regis Hotel, New York). This webcast presentation can be accessed for 90 days at: wsw.com/webcast/rrshq28/nak/
Close to 9 years ago or so, this was selling above $20/share and has been a penny stock for so long...
Jim Rickards discusses Why the Third Great Gold Bull Market is on the way. The U.S. Debt Bomb is at 105% to GDP Ratio and will only go higher. He asks's why are interest rates going up? Rising Deficit equals global financial meltdown.
Silver is a well-known factor, when aiming for zinc. If we take a look at the property next door - there silver ratio where high. So the name of the company is somewhat misleading, the indication of silver as well as zinc is famous in this area.
Kootenay Zinc, is hot again. Take a look at the trading pattern lately - you will see the technical indication; "strong buy".
Now is the time they can start deliver news again; there has not been much drilling there lately, beacause of the weather conditions.
The season for work on the property is off and now we will see a strong anticipation - I reckon some "older" investors will be back again, as well as new ones will arrive for this mega project; get the zinc-jackpot !
With the experience from last season, I think they know much more now. It takes time to get to know all of the property - and each time you drill a new hole... it`s not cheap, lucky for us they are well financed and ready to get down to it.
According to this work, oil and copper in confirmed bull mode while gold is confirming its' bullish breakout... I think it's coming... just slower than anyone wants.
The gold rally that began on Dec. 15, 2016, is poised to continue despite the trauma of the flash crash. The crash represents a gift to investors. We now have a better entry point for what will still be much higher gold prices later this year.
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