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I laughed when I saw and read this article. Hell, even Suze Orman is ringing the alarm bell now on the government NOT being able to bail out people going forward.
She suggests having a couple of grand of FIAT savings that's continually losing purchasing power. How far is that going to carry you? Not too far I'm afraid. LOL
She should be advising people to buy physical gold and silver to retain some wealth and purchasing power. When the paper money becomes worthless at least you can exist with some REAL money, but only if you have some.
https://www.msn.com/en-us/money/personalfinance/the-government-s-not-going-to-save-them-suze-orman-is-warning-of-a-looming-financial-pandemic-says-americans-have-no-one-to-rely-on-here-s-what-she-means-and-how-to-prepare/ar-AA1lGvz8?ocid=msedgntp&cvid=04e959d88b1a428b9bc07d2e9d5b8cb2&ei=40
Seablue, an article I ran across this morning on the silver deficit. As You noted Keith has been harping on the supply shortage for some time now and the main reason he sees triple digit silver prices coming. Much of the new technology requires silver be used in it and silver is also a much better conductor of electricity than many of the cheaper metals used now. Still surprises me that some of the big technology companies haven't secured their own source/mine of silver.
IMO when the metal investors pile in to buy silver as a monetary hedge, we're going to really see it take off higher. I see that coming sooner than later.
Companies like FM's stock price should go through the roof when that happens.
https://www.bullionstar.us/blogs/ronan-manly/surging-industrial-demand-for-silver-means-structural-deficit-set-to-intensify/
Here's strong proof the economy is slowing down rapidly with all the Fed rate hikes finally coming home to roost. Also, most likely why J.Powell was so dovish this past week. They see it coming too.
https://www.zerohedge.com/economics/empire-fed-manufacturing-unexpectedly-crashes-contraction
I still believe that most likely we see silver move up following the higher move in the gold price, but to your point if we see that happen in conjunction with a silver deficit, then we know that combination will drive the price higher, much faster. It wouldn't surprise me to know that FM/Keith are putting some inventory aside in storage now for the time prices move higher. IMO now would be a good time for them to be doing that.
My feeling is that when we see the big move come it will move quickly, I remember in times past that's what has happened. That type of move may be attributable to the chart technicals for both gold and silver. Then later in the move for both metals will we see silver outperform gold, that's another historical precedence.
You're absolutely right that our mine financings will become MUCH easier and sought after when the expected move in PM's finally arrive. I hope if we see that move higher come by at least the 2nd half of 2024, we'll be in the sweet spot for brisk M&A activity into 2025 and 2026. The breakout higher above $2100 gold should signal to the major producers a higher price is here to stay and they had better lock up some new properties.
IMO Janet and Jay can't find their asses with both hands, so we can rest assured at some point panic will return to the markets and investors will rush out stocks and into more safe-haven assets. The Fed dot-plot this week indicated 3 - 25 point cuts (75 total basis points) but Jeff Gundlach said he thought
it could be closer to an equivalent 8 - 25 point cuts (200 total). I would tend to think Gundlach is closer to being right and if he's right some of those cuts will be 50 points at a time instead of 25 and depending on how bad things get they may cut in even higher increments. The Street is as usual not expecting anything like this to take place, so the market could drop pretty dramatically.
Being that 2024 is an election year the Powers-That-Be will be trying to prop the market up as best they can BEFORE election day. I believe they're going to have a very difficult time in doing that because of the lag time of delayed rate cuts. IMO any significant cuts made after Q1 will be too late.
IMO these billionaires, like Zuckerberg, that are making these multi-million dollar bunkers are telling the rest of us peons something by their actions. Of course, as the article stated anyone working on his bunker CAN'T TALK ABOUT IT. It has to be kept secret for obvious reasons.
They see rough waters ahead and are taking measures to ride the storm out. They won't be staying in a hole out in their backyard like folks had to dig in case of a tornado hitting. They'll be living in the lap of luxury with no change to their lifestyle at all, God forbid. They can afford it, so why not.
IMO Zuckerberg has influenced a lot of people, but in a markedly negative way. Bill Gates is right there with him. Of course, our buddy George Soros was in large part their mentor and we know what disaster he's been for the world. These people are by definition Global Elitists. Believing themselves to be the Chosen Few.
Yes, these climate control Assholes want to fly around the world on their private jets to these conferences that preach what they're trying to sell. It's all a big lie. Various countries say they're moving to green based solutions, when in fact they're absolutely NOT.
The first thing you have to do if your China, Russia, or India is to STOP building coal burning plants to reduce emissions and they have no intention of doing so. Of course, losers, like John Kerry paint a rosy picture of how everyone is doing their share and being compliant. What a bunch of crap.
Silver outlook seems to be for higher prices in 2024.
https://www.marketwatch.com/story/silvers-window-of-opportunity-is-closing-with-prices-poised-for-an-explosive-move-in-2024-d69d0045?mod=mw_latestnews
If you have the dough you can do what Zuckerberg and other billionaires are doing.
The rest of us will just have to fight it out. LOL
These people are in the know and that should tell the rest of us the future isn't so bright.
https://www.zerohedge.com/markets/mark-zuckerberg-building-top-secret-hawaii-doomsday-bunker-blast-resistant-door
Good Mish article about the big climate ruse the Elites are continuing to push. They want to make it look like everyone's onboard with climate change rhetoric when most of these countries continue building coal plants and burn fossil fuels, like China, Russia, and India. It's just a big scam and transfer of people's wealth.
https://mishtalk.com/economics/hopes-dim-and-tensions-flare-at-cop28-carbon-capture-wont-save-us/
A must watch. I found this video from someone that does a pretty good job explaining the uninverting of the yield curve. Note that this video is two months old, so some of what he talks about then, has changed now. Most importantly, the YC is uninverting now, signaled by the Banksters pivoting this week.
Most of what he said I didn't know about how it works, but it does make sense. In a nutshell when the YC uninverts it's the shit hitting the fan moment arriving. Hence. everyone running to safe havens like gold. He gives a good historical perspective on how it's happened before.
We're undoubtedly getting to a point where the old gold highs are going to be taken out.
I ran across this video on Fed day this week with Jeffery Gundlach on CNBC. Gundlach is the new bond king on the Street and people listen to his opinions.
What I like about him is he seems to speak his mind and not paint a rosy picture, as many Wall St. pundits often do. He's not all doom and gloom in this interview, but he's definitely seeing a recession coming and a lot more easing of interest rates than what the Banksters are signaling. In fact, over twice as much.
That's good for gold, especially with the stock market falling into recession.
Another fantastic George Gammon video. He's just telling it like it is.
I watched another technical Guy just yesterday talk about the exact same thing going on with the yield curve UNINVERTING. George mentions it at the very end of his video, that when he talks about the 2 yr. treasury going back UNDER the 10 yr. treasury. that uninverts the curve and at that point in past cycles is where the SHIT HITS THE FAN. I've read several people talk about that recently. Gammon is confirming what I seen already from other sources.
Funny that no one talks about it on MSM or on business news. Assholes like Kramer, as he said don't even mention it. They want to suck in as many retail Lemmings as they can into this last big blow-off top before the inevitable bust comes. Make everyone think this a new bull market when in fact it will be the beginning of a recession.
Thanks for posting that video.
Yes, there's no doubt they got hurt with Jarrett Canyon by not getting rid of the prior work force at the mine. That was a major fuck-up by Keith and whoever he had bringing the mine up to speed after they bought it. Why they didn't address that BEFORE they bought JC is baffling to say the least. Keeping the existing work force there could have been part of the original deal that obviously didn't work out. That screwed them for a couple of quarters basically.
They spoke in the interview about the future of JC. The drift I got was that it could be up for sell at the right price. Keith mentioned that they were talking to other parties about it. He also said they want to winterize the mine and make some improvements to it, so that means more money being put into it. I think what Keith mentioned about JC having one of only three roasters in Nevada was telling too. That could be a good revenue-maker in the future and definitely a great selling option if they wish to go that route.
IMO what happens at FM is very important to us at FMG. We know these Companies are attached at the hip to some degree and the more successful FM is directly relates to how the FMG story unfolds. They obviously think opening the Minting operation is going to be very profitable and I hope it does well for them. Imagine how huge a cash cow FM becomes with silver at even $30-$40-$50 per oz.?
Yes, I thought it was really pretty basic math, when he talked about the smaller the percentage of increase you get when the price of gold moves higher, but we still have to get through $3K, $4K, etc. before we make it to his $15K number. I guess his point was the move might come quicker when/if we break through some of the lower milestone numbers.
Just like now, how long has it been since we've hit and bounced lower in this current $2000-$2100 gold price range? The answer is MANY TIMES. I find it hard to believe that the gold price could go from where we are currently to $15K by his projections of 2026. The only way IMO it could move like
that is to have gold REPRICED higher by governments around the world or a total collapse of fiat currency in the way it's used now. Maybe it would mean we have gone back to some form of a gold standard again before we see a $15K price?
I'm kind of on the fence with Jim Rickards. He likes to say things that appear controversial and edgy, but many of his theories haven't panned out. He also likes to give the appearance of being an Insider and at one time may have been. I'm not so sure he still is currently. There's no doubt the Man is smart because he believes in PM's. He's written many thought-provoking books for sure.
Keith talking at the Show in Germany recently. Didn't mention FMG, but things seem to be looking up for FM. That's a good thing.
https://www.kitco.com/news/video/show/Deutsche-Goldmesse-Fall-Event-2023/4754/2023-12-14/Silver-needs-to-be-on-Canada-US-critical-minerals-list---Keith-Neumeyer#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DDeutsche-Goldmesse-Fall-Event-2023
Interesting article from Jim Rickards on how we may see gold going to $15K. I'm skeptical on how he says we get there, UNLESS we see gold repriced higher by the Powers-That-Be or if we should see a total collapse of world fiat. There are just too many hurdles for it to get there on it's on.
https://dailyreckoning.com/15000-gold/
Another reason PM's are flying now. The dollar is dropping like a stone.
https://www.marketwatch.com/investing/index/dxy
Most likely why this is happening.
https://ca.finance.yahoo.com/news/dollar-drops-weakest-since-august-012802651.html
I ran across this recent article written by Prof.Steve Hanke, he rightly states WHY the economy is running on fumes and a recession is coming soon. The Fed has set this move up with the higher interest rate program. It's taken a long time to get here, but it's knocking on the door now.
https://www.nationalreview.com/2023/12/the-economy-is-running-on-fumes-a-recession-is-right-around-the-corner/
What's so ironic is the market and MSM believe the Fed is finished raising rates and a pivot is coming sooner than later. The rate hikes may be over, but IMO we won't see any cuts until the economy gets markedly worse or there's some event that makes them have to cut. Bottom line is the longer they keep rates high the lower the money supply goes and the longer it takes for M2 to recover, hence a longer recession. Gold thrives in recessions.
IMO that will initially be negative for gold, but I believe after an initial sell off that gold will recover and most likely at that time move to new all-time highs.
Amazing to see how the run up we're seeing now in the stock market and even in PM's is anticipating more M2 coming in the not-too-distant future. I believe it's coming, but not as soon as is being thought.
More M2 is also positive for gold.
The article is correct. Buffett didn't get uber-rich being wrong about forecasting the future. He knows what's coming and he's getting dry powder ready for when the market haircut comes. Hanke is right because he follows the money supply and almost none of the current MMTer's have a clue about what that is.
Hanke is old enough to know the history behind what REAL economists, like Milton Friedman, have already proven to be right over time. The Fools in charge now either don't believe it or are just determined on taking us down the path we're currently on. I tend to think it's the latter reason.
A very good interview with Felix Zulauf. Felix doesn't do a lot of interviews, so getting to hear from him is a treat. What he says is coming makes sense.
Seablue, I think what will happen in the end, before all Hell breaks loose, is that none or very few Politicians will be sounding any alarms about too much debt and the consequences of what it will bring. Everyone has been brain-washed into believing we're not accountable for it and it won't come back to bite us in the ass.
They hope and pray it just doesn't happen on their watch.... while they're in government, because we know what kind of Hell that will be unleashed upon the people attempting to run this Clown Show. They'll be blamed for what has gone on since Nixon took us off the gold standard.
I can think of only one exception now to that statement. I heard Rand Paul just yesterday speak to too much money printing, giving it away without any thought of what it's being used for or for that matter EVEN CARING about what it's used for. Just printing and spending. We know Rand is Ron Paul's son, so at least he has the good sense to understand what consequences it brings. His Father taught him about it.
The biggest danger is that most people have no clue or even care about where this is all going. The debt is a runaway train moving at an ever-increasing speed until it finally crashes and IMO that's coming. All we have to do is look at the increased spending that never goes down, only up.
Scam Artist's, like Yellen, just try and cover their tracks and keep lying about everything being fine.
This article is spot on. Janet Felon is just a bold-faced liar about most of what comes out of her mouth.
She did it as Head Bankster and now at Treasury. A big part of the overall problem, she's clueless.
She and Dementia Joe need to be gone asap.
https://www.heritage.org/monetary-policy/commentary/janet-yellen-fiddles-while-americas-economy-burns
Well, according to Dan this money should get us through most of 2024. I hope they're being frugal with it, unlike the government. we can't print it out of thin air.
https://firstmininggold.com/news/first-mining-closes-final-tranche-of-upsized-108-million-equity-financing
When I read this article I thought it worth posting for those who like me are still searching for answers to most of what's wrong now with America. Mostly that we've taken too much for granted and believe ourselves to be entitled.
The article speaks from the prospective of men much wiser than I am, like Charlie Munger and what he says makes a lot of sense.
https://www.zerohedge.com/news/2023-12-07/charlie-mungers-final-analysis-america
Jamie Dimon thinks they should shut crypto down. It appears no One is listening to him either.
I think it's because the Street isn't listening to what's being said right now. The share price didn't go higher when they announced they acquired Duparquet, which almost doubled this Company's gold reserves in the ground.
The mining sector is the red-headed step-child of the market. I don't think the mining stocks move higher until gold shows it's breaking out higher and until more investors begin looking at these very undervalued miners. That's not being done yet.
That's why I've been harping about needing the gold price to break out sooner rather than later. A higher gold price will get people looking at the miners.
Yeah, they're going to find a lot more gold resources around Springpole. There's still a lot of the properties in that area that haven't been extensively drilled yet.
IMO there could be some future big discoveries made there. Dan alluded to that.
What concerns me most is what's going on with the indigenous people. Dan flat out said the people living around Cat Lake didn't want a mine. He then went into their big wish was for a twelve month a year access road out of the town where they live. So, is that what it's going to take to win their approval? How much is that going to cost us or can that be done in partnership with the Ontario government? Do we actually HAVE to have their approval to to build the mine?
I don't know, but I will be asking Paul very soon what their plan is. I asked the question about how the indigenous people's study for Springpole was going and Dan didn't answer that question.
P.S.: Speaking of Auteco and the reverse split they did. All those shares the Company HAD when we did the deal with them have been consolidated too.
So, we're holding a lot less of those shares now.
Didn't know Auteco changed the name. Firefly Metals?
For those who are interested, don't forget the webinar coming up at the top of the next hour for the Company.
Dan will be speaking to where we went this year and next year's outlook. Hopefully the guidance will be positive.
Q&A after his talk.
Chris Vermeulen gives some great insight as to what he's seeing. I still think what he's saying is correct. We see PM's correct again when the markets tank and then the big move higher begins. Time will tell.
https://www.zerohedge.com/news/2023-12-04/chris-vermeulen-gold-super-cycle-play
Ran across this video with Steve Penny speaking to the PM technicals after the market close today. He talks about the miners toward the end of the interview.
IMO this is the big problem the Banksters have going forward. This is what J.Powell said on Friday.
https://www.cnbc.com/2023/12/01/fed-chair-powell-calls-talk-of-cutting-rates-premature-and-says-more-hikes-could-happen.html
What seems to be happening is no one believes what this Fool is saying. There was a Talking Head on Fox biz just now saying the Fed will be forced to pivot and cut rates most likely by Q1 (he thinks by March) of 2024. He thinks all these interest rate hikes they've done will begin bringing on DEFLATION by that time and the Fed will panic and have to start cutting rates when all Hell breaks loose. Again,
making themselves look totally incompetent and clueless about what's going on, but we already knew that.
The Talking Head made mention of the move in gold higher we saw last night is gold sniffing out what's coming. He also mentioned the markets will tank and there will be a buyable bottom coming after the markets reprice the recession/depression that will follow. IMO he makes some sense.
Check this out. Article from ZH speaking to what MAY be happening. Interesting, more rate hikes, not cuts.
https://www.zerohedge.com/markets/gold-spikes-record-high-over-2130-bitcoin-soars-above-40000-market-calls-powells-bluff
Well, that move higher last night was short-lived. LOL. Guess the Powers-That-Be put their foot down and put the brakes on the move higher for now. Premarket last night had us near $2150 until cold water was poured on it.
https://www.marketwatch.com/story/gold-futures-edge-lower-after-topping-2-150-24c92e0e?mod=mw_latestnews
It appears that gold has convincingly moved through the $2100 price range in premarket trading. Let's see what happens this week. It should be very interesting to see.
https://www.marketwatch.com/
Yet another article with Jamie Dimon giving dire warnings and predictions about what's coming. He sounds more like Peter Schiff than a bankster.
https://www.marketwatch.com/articles/economy-inflation-jp-morgan-jamie-dimon-519a8fa4?mod=mw_latestnews
I hope I made myself clear on what I was trying to get across in that post.
It's not my intention to throw the younger generation under the bus, but as a 67 year old man I didn't have all the distractions and modern ways of instant communication or forms of technology the kids have now. I believe in many ways that's been detrimental for them.
They learn most of what they believe from a chat room or on social media and not from their parents, who should be providing them with the good guidance they need. That I believe is a large part of our problem.
Technology is a double-edged sword. It can useful and good or it can be harmful in many ways. I think in many cases it has alienated people away from each other. We're going to see that coming with this AI stuff too. It may create alot of problems as well as have positive impacts. JMO
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.
https://www.reuters.com/markets/commodities/gold-holds-ground-ahead-us-inflation-test-2023-11-30/
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.