This a must watch interview from Kitco. I didn't know Klaus Schwab was a disciple of Henry Kissinger. Kissinger was one of the original Globalists.
The Fellow being interviewed is very knowledgeable and wrote a book about where this is all going. We can see in real time about what is going on currently and what the Global Elites have planned for us down the road. This is eye opening and very scary stuff. I commend Kitco for putting this information out
there for a broader audience to see.
It appears even some of the bigger players in finance are coming around to higher gold and silver prices This article says the JPM commodities call for 2024 is only bullish on gold and silver.
Everyone's trying to figure out when the Banksters are going to pivot next year. I've heard many say Q1 and others say it won't come until mid year. I don't see them doing anything until they're absolutely forced to cut. but because everyone is expecting them to do it fairly soon, the PM prices are reacting favorably.
They'll cut when the stock market drops most likely or on some Black Swan event happening.
PM's will fall initially, then reverse higher after the drop.
I'll make another quick statement about this and let it rest.
Several years ago I read an article by someone (wish I could recall who) that in essence spoke to how future generations of people FORGET why they have the good life they currently enjoy. This is especially true for America and Americans. We know it's taken for granted because that's all the younger generation know. Wealth gotten from their parents and very little if no sacrifice.
That good life and freedom was built on the backs of the generations that came before them. Those generations LIVED it. The good life people enjoy now. was made possible by the blood, sweat, and tears of the generations that LIVED and DIED to preserve it. There are only a few of those great people left alive now. IMO those folks had principles, values, and most importantly respect and reverence for their country. That spirit appears to be dying out in large part, I believe mainly because
people in this country haven't lived it or don't respect how it was obtained.
The point I want to impress on in this post is that people don't appreciate anything unless they've been made to EARN it themselves. How many of the kids from the last two generations have earned or sacrificed much of anything? Not many. I'm generalizing, of course, but none have sacrificed what their grandparents had to.
So, what has to happen next? Well, if people want to live the wonderful life they've grown accustomed to having in America there's going to have to be a lot of remembering about how we got here. Thankfully my parents and their parents before them were wise enough to teach us those things. IMO the same thing is going to have to be taught most likely these young kids now that will be fighting the next major war. They will have to LIVE it for themselves and if they can succeed they'll make it better for the coming generations.
What concerns me is are they strong enough to win, like the generations that came before them? Maybe, we'll see, but the current way we're headed is not going to end well.
I don't recall ever hearing a banker of Dimon's stature talking down the Fed. Most of the time they're all saying the same thing. That "all is well" and we have everything under control. They want to give the appearance of having everything in good shape. We know that's all BS and they're constantly putting out dumpster fires, they created. Another example of attempting to control the market instead of letting interest rates and the Market work freely. More government Elites in control of money.
Being very skeptical of the way they operate, it's strange for me to see Jamie Dimon saying what he's saying unless he cares more about his personal image instead of what the bigger banker image is. That appears to be the case here.
IMO we'll see the Fed again making Fools out of themselves. A recession is coming. The question is when it will get here and how fast they have to pull the trigger to drop rates next year. All will in time be good for PM's.
We won't turn it around until there's some sort of awakening among the people that moves them there. Principles and values aren't handed out by the government like stimulus checks or welfare. Those ideals should be taught by parents to their children. Sadly, that's IMO the biggest underlying problem, the parents have failed to do so. Why? IMO it's been a total lapse of morals in the U.S. and the world. For years that's what the U.S. stood for, now not so much. We're as down in the gutter as everybody else and the rest of the world is seeing that now. We used to lead, now we're just another member of the pack. A member that's moving BACK in the pack.
God and Country and the good they stand for are being eliminated as fast as possible because those aren't accepted anymore. Technology has instead become everyone's God or focus and in large part may eventually be the downfall of us all. Those that are creating this A.I. Monster may be opening a pandora's box of which cannot be closed or contained at some point in the future. I hope I'm not around to live through that.
IMO the people in power currently in this country are deliberately attempting to destroy the foundations of what this country was built on and until those change for the better we're in for some tough sledding. Canada is in the same boat unfortunately. JMO
The lack of principles and values today is truly concerning to me. So how do you think we can turn things around?
Kind of makes you wonder, right? Especially with the recent UBS difficulties. I mean, how can the Fed claim soft landing if we have another great financial crisis that engulfs the banks? That is probably what Dimon is afraid of. While I agree with his thought that inflation is hurting people, I don't agree with the climate change and pandemic nonsense. Al Gore was peddling the same nonsense in the 80s/90s and several other people have peddled it over the decades. It is total nonsense.. They say they have the data, but they can never provide objective data presented in an unbiased manner. Anyone who drones on and on about that is either misinformed or has some type of vested interest in some way.
I just hope that Trudope and China Joe are ousted before they can put out any more policies that hurt the American or Canadian people. Not to mention the mining industry. Nationalization is the one that really concerns me, with the bogus green agenda a close second. As we have talked about before, it is hilarious that China has decided not to follow the Paris Agreement and therefore does not have to control their emissions. So talk about a competitive advantage, China has one where all other things are equal. Meanwhile, we have the dementia patient in charge of the Biden show and his horrible protege Newsome seeking to ban certain combustion engines and gas stoves. Total idiocracy.
With no news, I doubt the $7 price is legitimate.....even with the recent 1 for 15 reverse split.
Their website shows a price around .50 (not sure what currency).
J.Powell and the uber-bullish Fed have been talking a soft landing outcome, so why in Hell does Jamie Dimon keep being a "Debbie Downer" and keep pissing on their parade? He's already said the Fed doesn't know what they're doing and backed that up with selling a shit-load of JPM bank stock,
Can someone explain to me why this is happening? Are they playing some sick form of good cop - bad cop game?
Banksters don't usually throw other banksters under the bus. They normally sing the same song.
The first rule of Charlie Munger is SPEND LESS THAN YOU EARN.
When is the U.S. government going to follow what we all know is necessary to remain solvent?
Most likely not until the wheels fall off. Holding real assets is the only way to avoid disaster as individuals.
That's exactly why the world and most of the people in it are so screwed. THEY DON'T FOLLOW MUNGER'S ADVICE.
The world Munger lived in most of his life was far different than what's happening now. People had principles and values they followed back then, NOT ANYMORE.
Munger also called bullshit on cryptos and Bitcoin. Said it was all a big scam. I agree totally.
Two I follow are spend less than you earn and never stop learning. I wish the world governments would spend less than they steal from us via taxes, fees, etc.
I heard the US is re-writing the tax laws in 2024. I hope there are some sane, balanced people in charge of that endeavor. I have heard some crazy thoughts from a few people in the public eye about taxing UNREALIZED capital gains. That is nuts.
Sad to see Charlie Munger's passing. The Man lived a long and prosperous life.
Read at the very end of this article what Munger's formula to success were. Very wise advice.
Yes, I agree about the possibility of PM's falling if we see the overall markets take a big hit, but it could also depend on why the market's are falling too. If the reason is because of some sort of currency/debt crisis that could indirectly be good for gold and after everyone figures it out, we could see an initial
drop in gold/silver, then have it reverse higher. Who knows?
When everyone finally comes to grip with a recession being here, gold will definitely shine huge. It always does well in recessions. IMO the big move higher is coming when investors rotate out of the high beta stock plays and into gold and the miners. That's coming, I think.
I'm no chart tech, but many that follow the gold chart seem to conclude we're getting really close to that break-out moment. I believe Oliver said that if gold can hold $2025 by the close of November. (tomorrow) that would be a good sign for a move higher into year end and to break above those old highs. We'll have to see if that happens.
We may have been seeing this recent volatility in FMG shares in large part due to the offering. My guess is that most shareholders of this stock are holding for the final outcome or have already bailed and sold their shares. If as Dan said they saw 100 or so investors join in to participate in the offering then that tells me there are still some Believers out there that see this as a great buying opportunity. I agree with them. We just still need to see the gold price break-out to new highs. Once that happens in convincing fashion we should be off to the races.
Great interview with Michael Oliver. Can you imagine gold if the dollar breaks below 70 as Oliver mentioned toward the end of the interivew? Gold had not yet reached 2,050 when they were doing the interview, but I just checked and it was 2,050 USD. So it has hit the fourth top Oliver talked about. That coincides with the HUGE cup and handle graph you posted a while back and portends bullishness for gold. Hopefully he is right about silver and we see it blow through its old highs very quickly during the next move to a price in the 100+ range.
The only possible downside is what sometimes occurs during market downdrafts.....the miners and/or metals are pulled down temporarily. If that occurs it might wind up being the last chance to buy at these lower levels.
Oliver seems really bullish for December, but since I have been following this sector the miners have traditionally underperformed during December due to tax loss selling. I will be watching intently to see if this year is different.
Saw this over on the Kitco website. B of A is making a prediction on where the gold price will be by the Summer of 24. $2400
Yeah, certainly looks like it. My guess is they want to reduce their share count to raise more cash down the road with a higher share price. Hmmm.
Dan mentioned we still hold 30% of Pickle Crow in the Crux interview. Wonder if they're attempting to raise enough cash to pay us for the remaining 30% or maybe part of it? That would be nice for us if that was the case because that property is worth a hellava lot of money. I actually would like for FMG
to keep a piece of PC.
Full disclosure: I own no Auteco shares at present.
My God look at today's quote for MNXMF
Looks like it was trading at only a fraction of a penny. Oh, shit.
If that was the case they almost had to do a reverse split. Wow.
Mike Oliver's knowledge of gold price history is amazing. This interview is hot off of UTube from this morning, as usual he makes some very relevant comments about where gold is headed and many other predictions on various things. A must watch IMO. Big gold move up again today.
I've always been fond of history lessons. This article speaks to that and talks about how we're coming closer to another reserve fiat currency biting the dust.
Fake money/credit has never outlived real money. The reason gold/silver have been viable money for thousands of years.
From your article it would appear the Trudope regime is attempting to force itself on how the Alberta residents lives. As usual in an unattainable position.
The provinces in Canada have rights too, just like the States do in the U.S.
Trudope and his minions don't see it that way, it's their way or nothing. Good to read that the Canadian Supreme Court was in favor of Alberta.
In this post I'll comment on just the Crux interview with Dan. We learned about this recent offering and how broad-based it was. That was very heartening IMO.
I believe he said there were close to 100 subscribers to the offering with most being current shareholders. Both Dan and Keith took sizable positions in the offering too. Good to lead by example.
I thought Dan's general discussion on what we're continuing to do at Springpole and Duparquet were positive. I totally agree that we should be working to move the projects forward, NOT TO SIT AND DO NOTHING, but that takes money. The more they focus on what they can do and find in the next year, the more value we make for ourselves either to a potential partner or suitor. IMO doing nothing is perceived as weakness.
Dan again made the point that as we come closer to the time that permitting Springpole happens we should be in a position of strength to bargain with other interested parties or if they choose to make some sort of move that has FM emerging as a partner. The key of course is getting the Springpole permitting on time wtth no other delays. Dan spoke in detail about there only being a few projects even being able to go into production in the 2026-2030 timeline. and we were one of them. That has to be a huge advantage over other Canadian projects and something that should take us to the front of the line.
It's still amazing to me how our share price is flying so under the radar. The gold price is on the cusp of breaking out in a big way and the mining sector is cratering, but I guess this is what happens before we see the market flip and move from overvalued stocks to undervalued stocks. I think that's coming in 2024.
Thanks for posting the interview. I'll have a question or two for Dan next Tuesday too.
Thanks for letting us know about that.
Here is the latest talk between Dan and Crux Investor.
Also, interesting article regarding Alberta if you have the time.
The Company will have an upcoming live webinar on December 5th (next Tuesday morning) at 11:00 EST.
Says Dan will be discussing 2023 in review and upcoming catalysts for 2024. Q&A afterwards.
I'll have to tune in for this one.
Here's the link to register.
This gives a good explanation of what we already know to be true about how "green" energy has flopped in Germany and other European countries.
IMO this is not about seeing and learning from other's mistakes, this is all about going down a path that makes MOST people poorer and much more vulnerable to poverty at the expense of what the Elites want you to believe. EV sales in the U.S. are cratering now because people can't afford to buy them and they aren't practical besides.
Here's another article speaking to WHO is really doing all the polluting. Of course, they're the biggest pushers of green energy too. LOL
It's all a big scam power play.
While this is not necessarily new news, I had not yet read about it. Pretty exciting stuff if they are using silver in the solar cells.
If they could advance it enough it could somewhat address a big problem for EV vehicles....they could charge all day every day as long as they are in the sun. Interesting. If there is any flexibility they could transition to applying it to the top of the vehicle as well as the trunk and hood if that is cheaper than using it in windows.
I guess they've gone through most of that $20M that they got from Sprott a while back. I think it's safe to say millions don't last very long when you're attempting to put a mine together and expand the resources in the ground too. Treasury's share price has actually fallen harder than FMG's has, but I will add more of their shares at the time I deem appropriate.
These offerings are standard among the smaller players, how else would they raise cash.
Sorry I couldn't get the video to reload Ron's basement video on YouTube interview. Dan Wilton you might be interested
The same to You, Pollisis. I enjoy reading your feedback and opinions here.
The U.S. is going through some very unsettling times right now, but we still have a lot to be thankful for.
There are still a lot of really good people in this country that continue to do the right things, unfortunately no one wants to talk about them.
I am in full agreement. Amen to your thoughts
Look at what Argentina is having to do now to hopefully prevent a hyperinflationary outcome. The people there have finally come to grips with the out of control money printing and have elected a Man to take them in the right direction, although it will be painful in the short run.
He made the statement if he doesn't take the steps to curtail more inflation that Argentina will end up like Venezuela is now. The U.S. is far from being where the 3rd world countries are now, but we're moving in that direction at full speed. This is what happens when the fiat money becomes worthless and untrusted.
I read recently that with only 1 oz. of physical silver in Venezuela a person can live well for a month.
Well, you're absolutely right with what you said.
When the heavy hand of the government intervenes with how the free markets should work, what's the result? A big misallocation of investment and pricing power in large part. What's happened since Dementia Joe's agenda has transpired with the green energy ONLY thing. Prices of all energy related products have gone up huge. When he shut down the pipelines and restricted oil production in this country that's been terrible for the industry and the American people, but we're not just talking about oil or gasoline. They want to take down natural gas and other cleaner burning fuels too. They want to do away with clean burning gas in homes, which is much cheaper than electricity. Most Americans can't and won't be able to pay for the energy they're pushing on us. Economically, it's a disaster.
The same is true for the energy policy we had with Saudi Arabia before these green energy Idiots came to power. We agreed to buy their oil IF they traded in dollars ONLY. Well, now that we don't buy the oil we once did, we really don't matter that much anymore. The countries that want to buy oil from them (like China) are the important Ones now, not the "alternative energy" USA. Hence, the move away into the BRICS for the oil producing countries and away from the dying dollar. Europe did the same thing before we did and we saw what a cluster-fuck that's been for them. Energy independence is crucial for any country's survival. Fortunately, I think the People in this country are seeing the writing on the wall, we have the resources, but just have to utilize them. We see what happens when the government stifles the FREE markets.
It's hard to say how this new monetary system is going to work after the dollar implodes. I'm doubtful that China currently has the clout to make it work for JUST them. They currently don't have the trust required for the Yuan to take over as reserve currency alone, like the dollar now, but it's crystal clear to me the dollar is losing its MOJO.
P.S.: I'm not against any new clean energy sources, but they also have to be practical and cost effective. We're not there yet and this is why the Greenie's IMO are a danger to the way of life we've enjoyed for decades. If we don't wise up it will be a disaster going forward.
Thanks for posting those items, I hadn't seen them yet. Seablue, I'm not crazy about the dilution either, but I still see this as VERY positive news.The original offering has been doubled. That tells me there was a lot of interest in it. People are buying for the profits coming down the road.
Paul, sent me an e-mail asking if I wanted to be in the offering. I just didn't have a lot of money at the time to join in. I do intend on adding more shares maybe in a few weeks.
Like Keith has said in the past "it's not dilution if your adding real value for the Company" and I agree with that.
I didn't see where Keith had added to his holdings from the offering, and he is supposed to be doing that.
It states that in the first section of this PR
The only options they have are to have an outright default (which will come in time) or to print money until it's worthless OR until people abandon the fiat because they see the fiat becoming worthless. We're seeing that happen real-time more and more now with PM accumulation by people that can see the train-wreck coming or by those investors diversifying out of dollars and into REAL assets or alternative currencies like Bitcoin. It's happening slowly now, but at the SHTF moment the Dam will break and it will get ugly.
The folks running the Dutch CB aren't as stupid as the rest of the Banksters. I'll give them credit for that.
I posted an interview last week that have a fellow talking about how China's huge accumulation of gold that they haven't revealed yet will eventually get us back on a gold standard. When China announces that they have enough gold reserves to back the Yuan and they can do that. The dollar game is over.
Hopefully the next group in charge will leverage proven US reserves to get us back in business.
The shutting of the Keystone pipeline and the other pipeline in Michigan stick out in my mind as two clear examples not of environmental concern, but as support mechanisms for their nonsense control agenda (i.e. - you'll buy and use electric because we say so). While the green energy is great for precious metals, I find their cost and capabilities assessments way off in the areas of cars and appliances.
While we may not go back to a petrodollar setup, being energy independent certainly would help. The problem is these entrenched folks who have their own agendas....agendas that frequently do not align with the interests and well-being of those they purportedly represent - us.
What do you picture the new monetary standard being if not a gold standard?
I don't like the dilution, but Dan threw a significant amount of money in.