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Another very good article from Barron's about how the high dollar is playing Hell with the rest of the world's currencies.
This article may give the best analysis of what's happening, but one thing's for certain, as long as the Banksters are making liquidity tighter there's a better chance for something breaking. So, the higher interest rates move and the more QT happens we could see a financial crisis unfold.
https://www.marketwatch.com/articles/uk-financial-crisis-pound-dollar-51664405380?mod=mw_quote_news
This could mean more problems in the currency markets coming. Check this article out. China trying to put a bottom in the Yuan by unloading dollars.
https://www.msn.com/en-us/money/markets/china-tells-state-banks-to-prepare-for-a-massive-dollar-dump-and-yuan-buying-spree-as-beijing-s-prior-interventions-have-failed-to-stem-its-currency-s-worst-year-since-1994/ar-AA12oJPy?ocid=msedgntp&cvid=303d3421760f4318adb4459d4d46f48b
More discussion on how the new CBDC will take more freedoms away from everyone using it. The Banksters want to talk more about it as they move closer to imposing it upon the world. Everyone will be identified and controlled by the Banksters on what they're doing with their digital dollars. Anonymity will not be used.
https://reclaimthenet.org/the-digital-dollar-will-not-be-anonymous-federal-reserve-chair-jerome-powell-says/
Yeah, a nice plug for FMG, but IMO he needs to stop talking about the Lassonde Curve. He's talked about FMG and the LC in several interviews now. I really don't see how that helps our share appreciation, when the Boss is telling everyone the share price isn't going to move until we get Springpole permitted, which is in essence what he's implying. Obviously that's not his intention.
We know the Fed is going to continue to raise rates in the short term. We could see two more .50 point hikes before year end. That will continue to put pressure on the currency and financial markets. Higher rates spur a higher dollar.
Look what's happened this week in the U.K., they already have had to reverse course and start buying their own bonds again. The cracks are starting to show already and the asute, market participants are seeing it coming much like they did in 2008.
Kranzler makes a great comparison from what happened in 2008 to what we could see coming before year end and that's the INSIDE-SMART money will move into PM's before any turn higher in the stock market or before the Sheeple realize being in PM and the miners is where they need to be.
That's also most likely when we'll begin to see a lot of promotion for PM's and the miners from the Entities that have already taken their positions.
KN briefly discusses FF in the middle of the interview.
Kranzler is always fun to read and watch, though I have not seen as much of him lately.
The big selloff in the stock market will probably temporarily drive everything down and that might give us a good chance to pick up some cheap physical and/or mining shares.
That being said, hopefully no war comes about due to the recent destruction of Nordstream 1 and 2. On top of all the other economic turmoil going on, that could put a big crimp in the amount of available capital to fund projects. I guess the final driver will be the price of gold and input costs for the projects.
Very astute points the author made about the Insider Money letting the market and hedge funds take the gold price down before they jump in at a major low. That's the way it always is.
Also, the comparisons made between the similarities between 2008 and what we're seeing now. I hope his observations hold true to how it plays out this time. IMO we're going to see some sort of financial/currency issues come before too long.
Yes interesting and IMO very true. There has been much accumulation of gold/silver by the smart money. The day is coming when PMs will run and run hard. Agree very likely before end of year.
Well, we see the BOE had to pivot today. They were forced to turn tail and start buying bonds again. More QE to prop it up. That didn't take too long. LOL
Wonder who'll be next?
https://www.zerohedge.com/markets/bank-england-capitulates-restarts-qe-due-significant-dysfunction-bond-market-material-risk
IMO there's still some downside to go with the physical metals and the mining shares ONLY if the Banksters don't reverse course or indicate to the markets that they'll stop raising interest rates and that hasn't happened yet. All "risk on" assets will continue to suffer until they pivot in some way is my guess.
I think the markets are finally starting to realize the Fed can neither control how high the dollar goes because they have to keep raising rates to quell the inflation OR that the higher interest rates are going to take the world into a a deep recession/depression scenario.
Powell and the rest of the Talking Heads at the Fed have spoken very hawkish, but the reality is I don't think they can take rates high enough to get the inflation down to the levels they think they can go. If they CRASH the world economies that could do it, but do they want to cure or kill the patient? We'll see I guess.
I just now clicked on the link to the article again and it opened just fine for me.
I'm don't know why you're not able to access it. I pulled it right off the MarketWatch website. The article is titled " A surging dollar is creating and untenable situation for the stock market warns Morgan Stanley's Wilson"
You can probably go on MarketWatch and read it. He speaks to exactly what we've been saying here about something breaking and this strong dollar is weakening the overall monetary system.
hey I'm still reading your post's religiously & still it is my primary go to resource for all things precious . NOW , can you see gold bullion on sale as I see ? this has to be the absolute bottom . the next 2 years will be the most catastrophic for the global society in the history of mankind . yes Darth Brandon is fueling this or his " handlers " rather .
I would say adding under .15 is a no brainer as well. I will be doing it as my budget permits. I tried to access the MarketWatch article you posted but could not get to it due to a pay wall.
Watching Powell tap dance as we move forward will be a source of frustration and probably entertainment as well because I don't picture him having a prayer of putting humpty dumpty back together again.
Here's an article speaking to what's going on with the strong dollar and how it's disrupting everything. The author of the article talks about something "breaking" and maybe causing them to do something they don't want to do.
Powell and his minions may have to take a big bite out of the shit sandwich they've created and swallow. LOL
https://www.marketwatch.com/story/a-surging-u-s-dollar-is-creating-an-untenable-situation-for-the-stock-market-warns-morgan-stanleys-wilson-11664220122?mod=home-page
They were talking on the biz news about the pound being the lowest ever against the dollar. The problem is that with the dollar being so strong it's causing issues for these other countries and their currencies.
The markets are severely oversold and the dollar is very overbought. IMO we're going to see a short covering relief rally come soon on just those market aspects.
I added some more FFMGF shares today, but am still holding most of my powder for lower prices most likely yet to come. Adding under .15 is a no brainer.
Even our shares and the Mining shares are badly oversold here.
CAD dipping pretty hard vs USD.
https://www.xe.com/currencycharts/?from=CAD&to=USD
So is the pound.
https://finance.yahoo.com/quote/GBPUSD=X/
https://finance.yahoo.com/news/dollar-stands-alone-rate-hikes-231425560.html
Much of what is discussed in this interview about geopolitical issues, war, famine, energy shortages, etc. is what will be a catalyst for a higher gold/silver price down the road. IMO it going to come to a real fear trade that will drive PM's higher.
We're not to that point yet, but as more uncertainty and fear come into the picture people should move into the safety of more physical PM's. I think that eventually comes to fruition. The fellow being interviewed said he was actually short the miners right now. He thinks that will change later.
Even if they can get interest rates up to 4% or so it will be totally unsustainable for them to be able to keep it there. Why? Because of all of the debt they've created over the years. The higher interest rates are bad enough, but what they can't reduce is the principle they're paying on. The actual debt will NEVER go down.
What's even worse than what's going on in the U.S. is what's happening to the rest of the world financially. Those economies are going down the toilet and the strong dollar is wrecking their currencies.
Is there any wonder the rest of the world wants to see the dollar go and replace it with something that doesn't wreck their lives when all Hell breaks loose? It's bad enough dealing with the inflation using dollars, imagine what it's like when your currency is debased because of the dollar. LOL
Well, I'm sure there are several of the major mining Players licking their chops about acquiring or partnering with cheap assets like ours, especially at these depressed valuations.
Management and shareholders have to keep their eyes on the prize for the bigger gains to be made in the coming years. There's no reason to sell out cheap. We're actually in a good place at the moment IMO with the timing aspect of this downturn and when Springpole should get permitted. The picture for a higher gold price and a more positive economic outlook can change radically in the next two years, so the way I see it we're not really on the clock as a big takeover candidate until it becomes clear Springpole WILL be permitted. My guess is that will most likely happen at some point before we actually have the permitting in hand. So, time is still on our side to quote the Rolling Stones. I trust Keith with what we may see come at us. This is not his first rodeo and the main reason I'm invested here.
I don't think what's going on with the war and anything short of a nuclear attack was going to turn the gold price higher with the dollar doing what's it's done lately.
My guess is that the very strong dollar is becoming a BIG concern for the Banksters.
Think about this as well in the broader economic picture - total US debt around 31 trillion. At 4%, the US is paying 1.24 trillion a year just interest on the debt.
Depending on which website you look at US GDP was about 22.1 trillion in 2021. Based on those numbers, just the interest on the debt at a 4% rate is equal to about 5.6% of GDP. No way they can do a Volcker and raise rates to 15% or 18%.
I agree, we'll see more downside going forward as the market continues its downward slide. I will just average down. Just hope that the market adjustment does not impact the miners too negatively.
We don't want' the majors to be able to leverage the miners too much if the financing landscape is difficult when FF (and for that matter Treasury Metals) reach the point where their builds require major financing. If the deals were not that great maybe someone could convince First Majestic to become more deeply involved than they already are - though I do not want FF banking on this option.
Surprised gold did not move on news that Russia moved from partial mobilization to full mobilization.
Good Kitco interview with Garreth Soloway from yesterday. He gives some great insight and numbers on where he thinks we're headed.
I had said here before that various people had dollar targets going to $120. I don't recall Rogers having a target price, but his call years ago about everything selling off with the exception of the dollar and treasuries was spot on.
I think yesterday we actually started to see some fear coming into the market. The VIX spiked up over 31 and the selling was pretty frantic until it came back some at the close.
I didn't buy anything, but I was tempted. There are some fantastic buys in the miners right now, but my guess is we still have more downside left to go. We should see a lot of volatility in the coming months.
Treasuy Metals is trading at .19 right now, it's gotten murdered, as has the whole sector. If we see another big down day next week I could make some buys.
I can't believe the US dollar index is at 113. I picked up a few thousand more shares of FFMGF today, but it was a struggle not to put the money into Agnico or Hecla (recently picked up Alexco at a steal price).
Rogers was right. Let's see if it hits his target. Was it 120? - I can't remember.
Just like Jim Rogers said the dollar is skyrocketing and any other risk-on asset will fall that includes gold. The dollar has broken through $112 this morning.
https://www.marketwatch.com/investing/index/dxy
The market is tanking along with the PM's. Gold looks to have broken support and heading down to the $1600 level. Miners are getting crushed and approaching some great buying opportunities. I don't think we're close to a bottom yet. There has to be a complete wash-out and it will come.
https://www.marketwatch.com/
Just ran across this video from last Friday with chart tech Carter Worth. I thought it was very interesting to hear what he said.
He's talking about the moves he thinks are coming in the S&P 500. He says he thinks 3300 on the S&P is where we may be headed in the near term, but note where he says his big net worth customers think it's headed. He says mid to low 2000's on the S&P. We are a very long way from that area. Of course, everyone on the panel nearly shit their pants when he said that. Let's see if he gets it right.
Silver has been down so long it's difficult to see it move to triple digits, but you have to look at the silver price in relation to where the gold price may go. Like they said in the article if gold goes to $10K per oz. why can't silver be $500/oz.? Also, as Keith has said on many occasions we could very well see a big shortage in physical silver in the coming years and he thinks that will drive the price much higher from here. IMO Keith will be proven right.
If they get Springpole permitted sometime in 2024 we should be in a very nice place to see a big rally in our share price. Hopefully by that time the mining sector will be in a bull market too. Time will tell, things should get interesting around then.
Really enjoyed reading the Jeff Clark article. Some pretty wide variation in the anticipated silver price.....but I would certainly like to see most of them come true.
It does look like the timeline discussed in his conversation would match up nicely with the Springpole timeline. Lets hope it plays out that way and that the governments have not seized all of our money by then.
Excellent interview with Adrian Day from Beaver Creek. He makes a lot of sense.
If you didn't see this Jeff Clark article about his trip to Beaver Creek last week you need to read it. I couldn't agree more with what he says in the article.
I get fired up just thinking about the time when PM's really start to move higher in a big way. They keep talking about it happening in the 2024, 25, 26 timeframe, which is when Springpole gets permitted. Where will our shares be then?
https://goldsilver.com/blog/what-do-fund-managers-think-about-gold-silver-right-now-they-told-me-at-the-beaver-creek-summit/
You're exactly right. The new PM bull market isn't far away, the pay-off will finally come after the Banksters signal they're dropping rates again.
I want to have as many FMG shares in my possession as I can before the turn comes. I'll be adding more physical silver too. Still waiting for that time......
Sorry it wouldn't let you read past the pay wall. It let me read the whole article.
There was a long list of countries that were ranked from best to worst currency against the dollar. The ruble was at the top of the list for best. The article didn't explain why that was, but it's kind of surprising to me that it would be at the very top.
Strange that the currency that had all the sanctions put on it by the U.S. and was taken off the SWIFT payment system has done so well. LOL I think that says something.
I believe the reasons you gave for the ruble doing so well are probably right. The move away from fiat-based currencies is coming. I believe people have finally started to see through the crap with fiat and want to go back to currency backed with real assets. NOT AIR.
Agree. It will be after the crash that PM's will payoff in extraordinary fashion.
Couldn't get past the WSJ pay walll so could not read anything past paragraph 2.
Just think if you were a CEO and knew your currency would eventually be in trouble, but in the meantime it is getting stronger and stronger while the currencies of other countries are getting hit. What would you do? I would think one of many strategies would involve acquiring physical assets in the countries whose currencies are getting hit while your currency is strong.
The Russian currency is probably faring better than others because as you said they have put the idea out there of backing the currency with gold. Another huge factor is probably their lack of any significant debt. Yet another one is their natural resource reserves.
Good in-depth article from the WSJ on what a high dollar is doing to the world economies. The higher rates go the more money moves into the dollar, which in turn wrecks the currencies of other countries. This is most likely at some point where we see something break. Notice on the chart in this article the currency weathering the storm the best. The Russian Ruble. Wonder if that had to do with the fact they said they would back the ruble with gold? I'm guessing it does.
https://www.wsj.com/articles/dollars-rise-spells-trouble-for-global-economies-11663437428?mod=hp_lead_pos1
I highly recommend You watch this Michael Pento interview when time permits. He touches on a lot of different subjects, but he also briefly speaks to the same thing Druckenmiller was talking about with the markets going nowhere for some time.
Note what he says about where he sees an approximate market bottom, how high he sees interest rates going, and of course some comments about gold and the miners.
Pento is usually spot on most of what he says.
Interesting analysis by David Brady over at Sprott Money. The gold price fell below strong support at $1680 this week and bounced above it on the weekly close.
https://www.zerohedge.com/news/2022-09-16/tipping-point-gold
Yeah, I think he means sideways from lower levels than where we are now.
We may not see a traditional type crash as might be expected, where something breaks and we see panic capitulation because of it. We could see a steady grind lower with bear market rallies in between. I personally don't see that happening, but it could if the Banksters can prevent something in the System from breaking. That will depend on how far they take rates and the QT.
There are a lot of smart people that have seen these moves before that believe the market has much further to fall. Druckenmiller knows the markets aren't going back to levels they were in 2021 for a long time.
That did help. I assumed he meant sideways trading in a channel from where we are today. I guess sideways trading after a crash is what he meant? If that is the case I could see that.
Yes, that looks very interesting indeed. Appears to be great Company exposure for environmentally safe chlorine technology instead of the old cyanide leaching. That should help in a big way going forward with the Springpole permitting too. I'm very impressed with Steve Lines.
Maybe they'll do a video of the presentation. I'd love to watch and hear what they say.
IMO we'll most likely stagnate AFTER the crash. I think we're going to experience a pretty long, painful, stagflationary, envrionment coming when the dust settles, but that should be good for the PM's.
The party's going to be over. No more ultra low interest rates because of elevated inflation (at least for a couple of years) so where's the good times going to come from? They partied like it was 1999, now the hangover is due to be paid. LOL
Not to oversimplify what I think Druckenmiller is trying to say, I'll compare what the Banksters have done since the 2008-09 calamity until now, what they're dealing with post pandemic.
Compare the world economy to a marathon runner running a marathon. All the liquidity/money creation the banksters have created has been the artificial "fuel" that's taken the Everything Bubble to the levels we saw at the end of 2021. Everything was ridiculously overvalued because of all the free money they creaated, so in comparison the marathon runner/economy was doped up on stimulus to get him as far as he could go until he hit the wall. Let's call it the inflation wall.
So, the inflation the Banksters never thought would rear it's ugly head again has in a big way and it's of course a major problem when it comes to printing unlimited money., so the fuel to maintain this marathon run is going away, not only that Druckenmiller is citing changing trends like deglobalization, increasing tensions between countries, energy issues, and increased civil unrest as issues most likely weighing on investment going forward.
These boom-bust cycles are what the banksters unwittingly create by their flawed way of doing things. The marathon runner has reached his limit and can't go any further, now there has to be a time of painful recovery and rest for the excessive stimulus required to stretch it to the limits it's gone.
In other words, the excessive market speculation is being wrung out now, we'll reach a bottom at some point and instead of interest rates going back to zero they'll most likely have to keep them positioned higher in an attempt to control the ongoing inflation. That will in turn cap the stock market going forward.
Have investors figured that out yet? I don't think so, at least that's not what I hear from the Talking Heads on the biz channels. Everyone still expects the Fed to have their backs and in a year or so we'll be back off to the races. Like Druckenmiller, I don't think it's going to work that way again. We'll see.
Hope this helped some.
Interesting technology. Could save millions and quite a bit of time. Steve Lines is doing a presentation with a person from their company on September 29rh.
https://www.911metallurgist.com/blog/wp-content/uploads/2015/08/Alternative-to-Cyanide.pdf
https://stayhappening.com/e/cim-gta-west-sept-29th-first-mining-gold-andamp-dundee-sustainable-technologies-E3LUWIH7OMO7
I re-read the Reformed Smokers section and I still cannot picture them being able to maintain sideways market action over the next decade with such a huge number of big variables out there. But Drunkenmiller is the pro, so his perspective and depth of knowledge are much different than mine. I hope he's right because a huge market drop and then subsequent deep recession/depression would not benefit any of us. Like FarmerBrown reported in his neck of the woods, my area is also in an economic downturn. I'm waiting for the other shoe to drop, but maybe just maybe we'll get the sideways action and things will just kind of stagnate instead of crash.
O.K., this is a MUST watch video. Part 2 of the interview with Matt Piepenburg. This interview touches on the points we've been talking about here concerning the gold price finally being realized, gold being repriced by the East and the LBMA no longer being able to suppress the gold price. Listen to this whole interview, Matt does a fantastic job of explaining where this is going.
I think the "excesses" of the past 12 years is a big part of why we may see a side-ways market for a decade. He explains in detail why he thinks it will happen reread the part under Reformed Smokers, it explains how he thinks central banks will be switching from a supportive to restrictive stance along with other changes going on in the global economy. Druckenmiller seems to think the central banks will not be taking rates back to zero anytime soon, which makes sense because of the current inflation problems that still linger. If the "fuel" for the stock market going crazy is taken away we most likely won't see it doing what it did the last 12 years.
History shows what he's saying has happened before, so why can't it happen again.
We'll see, I guess.
I wonder what Drunkenmiller's analysis of the Fed discontinuing their purchases of mortgage-backed securities would be? I had forgotten they were still picking this garbage up.
https://wolfstreet.com/2022/09/16/the-fed-stopped-buying-mbs-today/
Would Drunkenmiller's analysis change if the USD gets significantly devalued? I just find it hard to believe after all the excess of the last 12 years that we would simply trade sideways. But who knows? Maybe that is why he made the big bucks.
If the stock market is set up for a side-ways move for a decade like Druckenmiller is implying I can't help but believe the PM/commodities sector is going to do VERY well.
If the Banksters can't pump up the markets like they have in the past IMO he's right.
https://www.msn.com/en-us/money/markets/legendary-investor-stanley-druckenmiller-warns-there-is-a-high-probability-the-stock-market-will-be-flat-for-an-entire-decade/ar-AA11SGyB?ocid=msedgntp&cvid=1aab062bb6ee4794981867c7583da194
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