The post Off The Cuff: Economic Crosscurrents appeared first on Peak Prosperity.
Here is an important update after yesterday's carnage in the gold, silver and mining share markets.
The post ALERT: Important Update After Yesterday’s Carnage In Gold, Silver & Mining Shares appeared first on King World News.
Here is the perfect thing to read on a day like today in the gold and silver markets.
The post Here is The Perfect Thing To Read On A Day Where Gold & Silver Are Tumbling appeared first on King World News.
from Financial Survival Network
Al Caicedo is back… The Fed pumps another $75 billion into markets — its 3rd straight daily injection.The Federal Reserve jumped into financial markets for a third straight day on Thursday in another attempt to keep interest rates from moving higher.The central bank has injected a total of $203 billion into markets this week — $75 billion on both Wednesday and Thursday, and $53 billion on Tuesday. This week marked the first time the central bank has taken such steps since the global financial crisis 10 years ago. Visit the Markets Insider homepage for more stories. The Federal Reserve jumped into financial markets for a third straight day on Thursday in another attempt to keep interest rates from moving higher. The New York Federal Reserve said late Wednesday that it would inject another $75 billion into the market on Thursday to keep the federal funds rate within its target range. Short-term rates had earlier this week shot up as high as 10%, threatening to disrupt the bond market and the overall lending system. When will we return to the way things used to be?
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from Financial Survival Network
Click Here to Listen to the Audio
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.
This upcoming event could turn the market into a ‘minefield,’ says Peter Boockvar (Thomas R.)
“While [Carnival executives] did cite a stronger dollar [and] higher oil prices” as reasons for the pain, “they also talked about softness in Europe and Asia,” Boockvar said. “We saw FedEx a couple weeks ago, and while some of FedEx’s issues are company-specific, I think it’s a great bellwether for its … supply chains around the world, and what they say about the macro environment I think is very important.”
Yemen’s Houthi rebels release Saudi attack video (Sparky1)
Saree said the offensive 72 hours earlier had defeated three “enemy military brigades”, leading to the capture of “thousands” of troops, including Saudi army officers and soldiers, and hundreds of armoured vehicles.
He said the prisoners “will be treated according to the ethics and the customs on the basis of a deal to exchange the POWs with the aggressors.”
Ron Paul: US interest rates are going negative, and the Fed can’t stop it (Thomas R.)
“You can’t predict exactly where the creation of credit goes,” said Paul. “We have a ton of inflation with all that QE [quantitative easing]. And, every time you lower interest rates below market levels and create new credit, that’s a bubble.”
Annual Financial State of the States Report (Thomas R.)
Unlike the Federal government, the states’ debt is denominated in Federal currency so MMT cannot save them without continuous, massive Federal help in the form of inflation and bailouts which would largely be the same thing.
I don’t foresee public sector pensions being trimmed until the taxpayer looks like a Holocaust victim. Expect a lot of internal migration and possibly emigration.
Climate Risk in the Housing Market Has Echoes of Subprime Crisis, Study Finds (tmn)
In a paper to be released Monday, the researchers say their findings show “a potential threat to the stability of financial institutions.” They warn that the threat will grow as global warming leads to more frequent and more severe disasters, forcing more loans to go into default as homeowners cannot or would not make mortgage payments.
Your health insurance costs are about to go up in 2020 (Thomas R.)
This figure combines workers’ and employers’ spending on insurance. Employees are expected to shoulder about $4,500 in costs next year, including out-of-pocket spending, the group found.
The organization, which represents large employers’ perspectives on health-care policy, polled 147 large employers to get their perspectives on health-care trends.
US census data reveals highest foreign-born population share in over a century (Thomas R.)
Some 44.7 million people living in the U.S. were not born in the country, equivalent to 13.7 percent of the population. Around 22 million of those were not born in the U.S. and were “not a U.S. citizen,” figures which come in the midst of a political debate over whether the 2020 census should include a U.S. citizenship question.
State Department ratchets up Clinton email probe: report (Thomas R.)
Revelation of the renewed effort comes the same week that Democrats in Congress launched an impeachment investigation into Trump over accusations he tried to arm-twist the Ukrainian president into providing dirt on one of his main 2020 election rivals, Joe Biden.
State Department officials deny the renewed email effort has any political motivation.
Shokin alleges that he was “staunchly politically unaffiliated” and that then-President of Ukraine Petro Poroshenko ordered him to resign due to pressure from Joe Biden who was threatening to withhold $1 billion in subsidies to Ukraine “until I was removed from office.”
Spoofing emails: The trickery costing businesses billions (Thomas R.)
Cyber-criminals simply spoof the email address of a company executive and send a convincing request to an unsuspecting employee.
The message looks just as though it has come from the boss – but it has been sent by an imposter.
New blood test capable of detecting multiple types of cancer (edelinski)
The new test looks for DNA, which cancer cells shed into the bloodstream when they die. In contrast to “liquid biopsies,” which detect genetic mutations or other cancer-related alterations in DNA, the technology focuses on modifications to DNA known as methyl groups. Methyl groups are chemical units that can be attached to DNA, in a process called methylation, to control which genes are “on” and which are “off.” Abnormal patterns of methylation turn out to be, in many cases, more indicative of cancer – and cancer type – than mutations are. The new test zeroes in on portions of the genome where abnormal methylation patterns are found in cancer cells.
Association Between Maternal Fluoride Exposure During Pregnancy and IQ Scores in Offspring in Canada (Sparky1)
Between 2008 and 2011, the Maternal-Infant Research on Environmental Chemicals (MIREC) program recruited 2001 pregnant women from 10 cities across Canada. Women who could communicate in English or French, were older than 18 years, and were within the first 14 weeks of pregnancy were recruited from prenatal clinics. Participants were not recruited if there was a known fetal abnormality, if they had any medical complications, or if there was illicit drug use during pregnancy. Additional details are in the cohort profile description.
There’s plenty of oil supply, says markets pro (Thomas R.)
The “Futures Now” team, Scott Nations and Jim Iuorio, discuss the wild day for crude oil after Trump denied Iran’s claim U.S. offered to remove sanctions with CNBC”s Rahel Solomon.
Philanthropists raise hundreds of thousands of dollars for groundbreaking Climate Emergency Fund (edelinski)
Neilson decided to take more a more aggressive role in fighting climate change after he was directly affected by a climate change disaster last year. Neilson and his wife and child had to flee their home in California during the state’s deadly wildfires.
“In order to tackle the problem, we need to first define it accurately and force our leaders to declare a climate emergency,” says the CEF website.
Historic September snowstorm hits Montana as governor declares “winter storm emergency” (Thomas R.)
And in Spokane, Washington, the storm marked the first time the city recorded snow on this date since officials began keeping records in 1881. Forecasters expect the winter weather to continue through the night.
“Hunker down, stay warm, and try to avoid travel,” Britton advised.
‘Revolutionary’ pods finding a new purpose for survivors of brutal disaster (Thomas R.)
One tent can house six people at a festival. In the Bahamas, a family of 11 can sleep in a pod comfortably, Bear told the news outlet. SHIFTPOD advertises that the tents are insulated, heat-reflective, rainproof and dustproof.
A single tent can cost up to $1,800, according to the SHIFTPOD website. Insomniac estimates the effort will cost the company more than $1 million and is starting a GoFundMe to help fund its efforts.
Click to read the PM Daily Market Commentary: 9/27/19
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."
The post Daily Digest 9/30 – U.S. Interest Rates ‘Going Negative,’ Email Spoofing Costing Businesses Billions appeared first on Peak Prosperity.
As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies and metals just warned investors that they must own gold as the global financial system unwinds because cryptocurrencies and ETFs are dangerous.
The post Greyerz – Global Financial System Unlikely To Survive, But Own Gold, Not Cryptos Or ETFs appeared first on King World News.
Here is a look at $1,800 gold, cranking up liquidity and when the bubble pops...
The post $1,800 Gold, Cranking Up Liquidity, Plus When The Bubble Pops appeared first on King World News.
Income inequality in America is at its highest level in more than 50 years (Thomas R.)
“When you have a system where inequality is rising – and where some groups are perpetually overrepresented at the bottom of the income and wealth distribution, even when they follow the standard prescription for realizing the American Dream – it’s a recipe for a politically and socially divided nation,” said Cornell sociology professor Kim Weeden, director of the school’s Center for the Study of Inequality.
Voter support for universal basic income grows: poll (thc0655)
During his opening remarks at the third Democratic debate, Yang debuted a pilot program for his universal basic income plan, calling on Americans to enter a giveaway to become one of 10 families to receive $1,000 a month for a year.
Though Yang said that his campaign received more than 500,000 entries for the contest, the plan has generated some criticism from his fellow contenders, including top-tier candidate Sen. Bernie Sanders (I-Vt.).
U.S. Economy Cools on Consumer Spending, Equipment Orders (Thomas R.)
The data suggest more moderate economic growth in the third quarter, adding focus to next week’s September jobs report to show whether the labor-market slowdown is deepening. At the same time, solid income gains and a still-healthy employment should keep supporting consumption and extend the record-long U.S. expansion in coming months, as wages and salaries posted the biggest increase since March.
Imran Khan warns UN of potential nuclear war in Kashmir (Sparky1)
The Muslim-majority territory is currently under heightened security, while mobile and internet services have been cut, but Khan predicted a popular backlash once such measures are lifted.
“They’ll come out on the streets. What happens then?” Khan told journalists at the UN general assembly. He pointed to the presence of a 900,000-strong Indian force there currently enforcing security.
Military sees frustrating trend as suicides spike (Sparky1)
The difficulties involved in identifying service members with possible problems and finding ways to prevent suicides were underscored earlier this month when the Navy reported that three crew members who served on the USS George H.W. Bush took their own lives within a week.
An honest look at the personal financial crisis (pinecarr)
Millions of baby boomers are moving into their senior years with empty pockets and declining choices to earn a living. And right behind them is a younger generation facing the same challenges. In this deeply personal talk, author Elizabeth White opens up an honest conversation about financial trouble and offers practical advice for how to live a richly textured life on a limited income.
Imran Khan urges UN to intervene in Kashmir dispute, warning of bloodbath and nuclear war (Thomas R.)
Pakistan’s prime minister, Imran Khan, warned the UN of the threat of a ‘bloodbath’ in Kashmir and the danger of a nuclear war breaking out over the divided region. In a speech to the annual United Nations general assembly on Friday, Khan said: ‘These 900,000 troops, what are they going to do? When [the people] come out? There will be a bloodbath.’ He urged world leaders to give the people of Kashmir the right of self-determination, saying that ‘this is the time to take action’.
China Markets to Test the Risk of Most Extreme U.S. Threat Yet (Thomas R.)
U.S. investment in China’s domestic markets are limited — residents had $203 billion of long-term mainland Chinese financial assets as of June, little more than double that held in South Africa, according to the U.S. Treasury. Far bigger is the $1.2 trillion market capitalization of Chinese companies on three key U.S. exchanges as of February, according to a report by the U.S.-China Economic and Security Review Commission.
Anti-Defamation League adds 36 new symbols to ‘hate’ database (Sparky1)
The group said the sign has become a “popular trolling tactic” and is now used in some circles as a “sincere expression of white supremacy.” Australian shooter Brenton Tarrant flashed the symbol during a court appearance last spring for killing 50 people at two New Zealand mosques.
Financial System Disappearing into Black Hole – Egon von Greyerz (pinecarr)
The massive amount of money printing to keep the fiat system afloat is just starting. EvG contends, “This is just a practice round. This is just more money at this point. The balance sheet . . . of the Fed is going to go from around $4 trillion to $40 trillion. It is going to go to $100 trillion before this is over.
In California, a ‘surprise’ billing law is protecting patients and angering doctors (Sparky1)
The parties who have watched California’s performance disagree, sometimes vehemently, on whether the prospect is rosy or grim. Doctor groups, particularly those representing specialties like anesthesia and emergency medicine, argue that a national version of a law like California’s would disrupt medical care so much that patients would have difficulty finding a doctor.
MSM Defends CIA’s “Whistleblower”, Ignores Actual Whistleblowers (CleanEnergyFan)
So there you have it. A mysterious stranger from the lying, torturing, propagandizing, drug trafficking, assassinating, coup-staging, warmongering, psychopathic CIA was working in the White House, heroically provided the political/media class with politically powerful information out of the goodness of his heart, and then vanished off into the Langley sunset. Clearly there is nothing suspicious about this story at all.
Kunstler: A Dumpster Fire on a Garbage Barge (CleanEnergyFan)
In the meantime, is there any question that UkraineGate has put the schnitz on Joe Biden’s political career. The notorious video of Mr. Biden bragging on his shakedown of then-president Poroshenko has been seen by everybody over age five in the USA. Hillary must be lovin’ it as she makes the rounds on her latest listening tour. Listen to this, Hillary, lost in your wicked daydreams of riding to the Democratic Party’s rescue for yet another shot at the White House: your reputation will never survive the blizzard of indictments coming down on your partisans. And one of these bills might have your name on it.
Playing with the Facts to Fool the Majority (thc0655)
The people who believe this nonsense will NEVER listen to the truth because they are the very type of people who believe only what they want to believe. That is a sad statement of fact. Just look at the presidential elections and you will see only 3 presidents ever had between 60% and 63% of the popular vote. Obama won 51.1% of the popular vote compared to Romney’s 47.2%.
The Attack on the Saudi Oil Infrastructure and the Future of Oil Prices (Thomas R.)
After an event that included attacks on two separate Aramco oil facilities in Saudi Arabia earlier this month, oil prices saw an immediate spike. While prices have softened substantially since the attacks, the price of crude is still higher than before the attacks. The market’s immediate and strong reaction to a possible decrease in supply highlights the fragile nature evident in the oil markets and pricing.
Occupy Detroit: A Look at 90 Years of Auto Strikes (Thomas R.)
In 1936, General Motors was the world’s largest automaker and the U.A.W. was a newly organized force. After trying to organize plants piecemeal, the union decided on a campaign that would force G.M. to bargain with it. Workers began an occupation of the factory in Flint, Mich., involving 2,000 workers. The 44-day struggle led to the unionization of the company.
‘What they put on the fields contaminates our water’: Iowa’s pollution problem (Sparky1)
Iowa’s world-famous soils are packed with nitrogen – a gift from nature that allowed commercial agriculture to take root here – but decades of adding synthetic fertilisers and animal manure to drive production has loaded the land with nutrients it can’t hold on to. Crop production in Iowa is still the main source, but animal manure from the state’s 20 million pigs has contributed to the problem.
Climate change could trigger droughts in wheat-growing regions (Sparky1)
Scientists used climate models to predict the likelihood of prolonged, severe droughts simultaneously impacting wheat-growing regions under a range of warming scenarios. If global warming ended today, around 15 percent of the world’s wheat crops would face an increased risk of being impacted by a large drought.
Stomp and squish: Pennsylvanians battle ‘nightmare’ bugs (Sparky1)
Dean Scott, who grows grapes for local wineries around Kutztown, has been spraying insecticide on his vines in an effort to keep the bugs at bay. It works for a few days, but they inevitably return. The carnage is evident in the blackened trunks of diseased grapes vines, and in the thousands of dead insects that litter the vineyard. One of Scott’s fellow growers left the business after losing 40 acres (16 hectares) of vines.
First gas station in America to ditch oil for 100% electric vehicle charging opens in Maryland (Thomas R.)
A public works manager for the city of Takoma Park, Maryland, first suggested to Doley a conversation with Electric Vehicle Institute.
When he told his daughter about the idea, “she said, ‘Dad, that’s a real good suggestion.’”
Southern drought deepens; 11 million affected (Sparky1)
A few miles away, April Hebert watched her 1-year-old son Collins toss rocks into a partially dried-up pond at a park in Helena. Brown leaves that are normally still green this time of year covered the ground under trees.
“It’s terrible,” she said of the drought. “I’m afraid we’re going to go straight from summer to winter without a fall.”
Tree-cutting ban in Southwest forests hurts heating needs (Sparky1)
The U.S. Forest Service said Thursday it has suspended timber sales, thinning projects, prescribed burns and the sale of firewood permits as a result of a recent court order in a 2013 case in which environmentalists accused the agency of failing to track the population of Mexican spotted owls.
EPA tells California it is ‘failing to meet its obligations’ to protect the environment (Thomas R.)
“The agency is aware of the growing homelessness crisis developing in major California cities, including Los Angeles and San Francisco, and the impact of this crisis on the environment,” Wheeler wrote. “Based upon data and reports, the agency is concerned that California’s implementation of federal environmental laws is failing to meet its obligations required under delegated federal programs.”
Click to read the PM Daily Market Commentary: 9/26/19
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."
The post Daily Digest 9/28 – The Personal Financial Crisis Explained, A Look at 90 Years of Auto Strikes appeared first on Peak Prosperity.
Today Gerald Celente spoke with King World News about how people can prepare for what is coming. He has also been remarkably accurate predicting the movements in the price of gold for many years, stating years ago that the $1,450 breakout would signify a new bull market phase for gold as well as repeatedly and accurately calling bottoms the gold market. Today he also discussed exactly where he see the downside on this pullback in the gold market.
The post Celente – Where The Decline In Gold Will Stop, Plus How To Prepare For What Is Coming appeared first on King World News.
Gerald Celente: Founder & Director of the Trends Research Institute - Gerald has had a long track record of making some of the most controversial, yet correct calls in terms of global trends and events. In fact, many consider Mr. Celente to be the top trends forecaster in the world…
The post Gerald Celente: Broadcast Interview – Available Now appeared first on King World News.
Gerald Celente: Founder & Director of the Trends Research Institute - Gerald has had a long track record of making some of the most controversial, yet correct calls in terms of global trends and events. In fact, many consider Mr. Celente to be the top trends forecaster in the world…
The post Gerald Celente appeared first on King World News.
If you have not yet read Part 1: Realistically, What's Left To Power Asset Prices Higher?, available free to all readers, please click here to read it first.This is an update to the premium report Assume The Crash Position issued in March of this year. It details the changes I'm now making in my portfolio, which build off of the logic used in the two earlier short positions I notified Peak Prosperity insiders about. The first was back in fall of 2018, which yielded a 50%+ return when the market fell between October and September. The second yielded similar 50%+ gains when stocks fell in May of this year. But before continuing further, let me make a few things absolutely clear. This is NOT personal financial advice. This material is for educational purposes only, and as an aid for you to discuss these options more intelligently with your professional financial adviser(s) before taking any action. (If you do not have a financial advisor or do not feel comfortable with your current adviser's expertise with the investment vehicles discussed in this Part 2, then consider scheduling a free portfolio review/consultation with our endorsed advisor) Suffice it to say, everything discussed in this report should be reviewed with your financial adviser before taking any action. Am I being excessively repetitive here in order to drive this point home? Good... Ok, with that said, here are the specific new positions I have taken in my portfolio... (Enroll now to continue reading)
The post Resuming The Crash Position appeared first on Peak Prosperity.
Here we are again. The markets are within a few percentage points of their all-time highs, but just can’t seem to muster the momentum to break out above them.
We saw similar conditions back in March/April and then again in July. Both times, the S&P dropped sharply after failing to remain above 3,000.
Both situations presented profitable opportunities to short stocks, which we alerted our readers to at the time.
Widening out our perspective even farther, it’s becoming increasingly clear that the motive power pushing the markets higher over the past decade has lost its drive. Today, the S&P is nearly same price it was a year ago. And very close to where it was at the start of 2018.
In short, it hasn’t really gone anywhere for over 20 months:
source: Yahoo! Finance
And in those 20 months, the S&P has been forming a tightening wedge, with little room left in it for the status quo to continue. A break above or below must happen soon:
source: Yahoo! Finance
So which way will it break?
To make the bull case, we have to ask: With stocks near their all-time highs, what’s not yet priced in to the market that can catapult prices higher from here?
Don’t look to earnings. With slowing global GDP, it’s little surprise that the upcoming Q3 2019 earnings season is expected to be a dud.
Total Q3 earnings are forecasted to be down -4.8% vs the same period last year. Zacks predicts that 12 of the 16 industry sectors it tracks will report negative earnings growth.
At this point, there are only two possible developments not yet fully priced in to today’s “priced-to-perfection” markets that could justify stocks vaulting higher from here. A happy-smiles-all-around trade agreement with China and massive new QE (aka, an injection of $trillions of newly-created money).
How likely is a successful resolution to the current trade war, one that will please all sides? Hey, anything’s possible; but a lot of ink has been spilled over the past year explaining why the Chinese are not going to roll over lightly. And with the next US presidential election now just a year away, time puts increasing pressure on the Trump administration to blink first.
[Update: about 20 minutes after writing the above paragraph, markets dived deeply into the red in response to a new threat from the administration to de-list Chinese companies from US stock exchanges. This is not a sign that a happy agreement is anywhere close.]As for new QE, indeed it looks like the stage is being prepared for a return to net easing by the world’s central banks. Could that boost asset prices higher? Sure.
Would that be a “good” thing? Highly debatable. We are so deep into what used to be considered “emergency measures” to prop up the global economy that to any sane person, more QE should be looked at as a blatant admission that central planning has failed and that the world’s fiat currencies are in the process of being destroyed.
Bears need to ask the opposite: What’s not yet priced in that could topple asset prices from their current highs?
Being frank, it’s a lot easier to answer this question.
For starters, the macro outlook is grim and looking worse every week. As we’ve been tracking all year, the signs of an unfolding global recession are all around us. While the US is still seeing positive GDP growth, the weak earnings expectations cited above indicate that companies are beginning to feel the bite of the slowdown.
Sentiment is souring. A majority of both CFOs and the general public expect a recession within the next year. Major market trend reversals require a change in investor sentiment. After a decade of “everything is awesome!”, concern is starting to trump euphoria.
The darlings are falling out of favor. The FAANGs stocks have been responsible much of the appreciation of the major stock indices for years. Because of this, they are among the top holdings of a huge percentage of ETFs and mutual funds. Now that these once-bulletproof companies are issuing lackluster earnings (and revenues!), being fined for privacy abuses, coming under anti-trust scrutiny, and being chided and mocked by their own employees, their stocks are starting to look vulnerable. If investors refuse to continue accepting the sky-high valuation multiples these companies currently demand, the carnage will ripple across the markets. And the numerous Tech IPO disasters this year (Uber, Lyft, We Work, Fiverr, Slack, Pinterest, Chewy, Peloton) are only adding fuel to the fire.
The game has changed for oil. The recent drone strike on the world’s largest oil processing facility showed that the global oil supply chain is much more vulnerable than previously appreciated. The cost of defense is now hugely asymmetrical. Billions of dollars of supply can be disrupted with drone swarm technology that costs only thousands. So far, the world has shrugged of the implications of the attack, but as they become fully appreciated, a material “vulnerability premium” is going to be added atop the price of oil, making the cost of everything more expensive adding a drag to global trade.
Impeachment? This week the circus in Washington ramped into high gear with House Democrats initiating impeachment proceedings against the President. Regardless of their odds for success, this is a destabilizing event for markets (and the country). One that will become much more so should they actually succeed.
The technicals are blinking “danger”. The chart below shows an increasingly clear “head and shoulders” topping formation for the S&P 500 with numerous unfilled gaps below. Given this, it would not be surprising in the least to see 100 points quickly vaporize:
Source: Northman Trader
Personally, I find the logic underlying the bear case much more compelling.
Which is why I’ve moved a percentage of my “dry powder” cash savings into a new short position at this time, substantially larger than the one I placed back in March.
It’s not a move I take lightly (and as usual, this is NOT personal financial advice). I’m only doing it because, in my estimation, the preponderance of evidence for a near-term reversal is overwhelming my strong default risk-averse preference to sit on the sidelines.
In Part 2: Resuming The Crash Position I detail out the specifics of the new short position I’ve taken; which securities and why. I then revisit the wide range of options that investors skeptical of current market valuations can consider — for both protecting against a downturn and, for the more courageous, profiting from one.
We should know soon which way this market breaks. If it indeed breaks downward, make sure you’ve prepared in advance for it.
Click here to read Part 2 of this report (free executive summary, enrollment required for full access).
The post Realistically, What’s Left To Power Asset Prices Higher? appeared first on Peak Prosperity.
Bullion banks and commercial traders are now all-time record short the gold market!
The post ALERT: Bullion Banks And Commercials All-Time Record Short The Gold Market! appeared first on King World News.
Today Alasdair Macleod urged investors to take a step back, look at the big picture and remain patient during this consolidation in the gold and silver bull market.
The post Alasdair Macleod – Step Back, Look At The Big Picture And Remain Patient In Gold & Silver Bull Market appeared first on King World News.
from Financial Survival Network
Kevin Price says, “So you have read Four Hour Work Week, The E Myth Revisited, and Rich Dad Poor Dad, but have little to show for it but a good read. Kevin Price, host of the nationally syndicated Price of Business radio show, explains why this happens and what one can do about it in his compelling book, Making New Rich Books work for You. It is based entirely on his own struggles.” Robert Kiyosaki author of the mega bestselling “Rich Dad Poor Dad” and frequent guest on the Price of Business says the following about Price’s show “The world is changing too fast to be listening to people who have no idea what they’re talking about, so listen to Kevin Price. He’s into real financial education.” Price argues the problem is not with the books people read, but the mindset of the reader. The way the reader thinks and even feels about money is often sabotaging them before taking any action.
Click Here to Listen to the Audio
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.
from Financial Survival Network
Since debt was created, the Repo Man was there to handle defaulting debtors. There’s a new Repo Man in town and that’s the Federal Reserve. They are there to turn bank’s paper into cash and bank’s cash into paper. Since 1917, it all worked very well except for a few noteworthy events, like 9/11 and 2008, when the markets seized up. Now it’s happening again. Why is there no liquidity? Where did all the buyers go? Michael Pento understands where the economy is headed, but he believes you should be earning an attractive return until the last domino falls. And what’s wrong with that?
Click Here to Listen to the Audio
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This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to dd@peakprosperity.com with subject header "Good News Friday." We will save and post weekly. Enjoy!
Psychedelic drug therapy enters new era with Johns Hopkins center (Sparky1)
“It’s incredibly exciting as the largest single donation or investment into psychedelic research,” said Brad Burge, director of strategic communications for the San Francisco-based non-profit Multidisciplinary Association for Psychedelic Studies.
“This donation shows that there will be enough regulation and public support that will create jobs in research and therapy. This research has moved out of the fringe.”
Stars, Global Citizen founder outline massive 2020 concert (Sparky1)
The festival calls on government and businesses to fight infectious diseases, empower women and girls, combat plastic pollution and provide quality education. MSNBC will simulcast the festival, and iHeartMedia will broadcast the festival on radio.
CEO surprises employees with pay increase to $70,000 (Thomas R.)
“I’m actually taking my salary down to the minimum salary until our profit does go back up to where it was before we made this policy change,” said Price at the time of the announcement in Seattle.
He describes the company as a champion of “the little guy and gal in pursuit of the American Dream.”
GM tells striking union members it will continue their health coverage (Thomas R.)
“They think they’re going to force you into submission. Imagine a company where the CEO gets $22 million and then they cut the health care benefits of their workers,” the senator from Vermont said.
A source with knowledge of the talks charged that GM didn’t mind using the issue as leverage but chose to reinstate health care because its image has been tarnished.
This chainless bike’s a gear closer to revolutionizing the cycling world (Thomas R.)
No chain – check. Shifting gears – check. Speed – check.
Despite Living in the Digital Age, Kids Are Still Playing With Their Parents’ Favorite Childhood Toys (Thomas R.)
When it comes to buying any toy for a child, parents are on the look out for a certain set of qualities. Three in five parents want a toy that’s educational, but just behind that is a toy’s ability to make their kid laugh (60%). Fifty-nine percent are on the hunt for a toy that’s colorful, while 56% look for something interactive.
Teacher Carries Student With Spina Bifida On His Back So She Won’t Miss Out on Class Field Trip (Thomas R.)
Since the 10-year-old youngster was born with spina bifida, she has relied on a wheelchair her entire life. This is not the first time that Ryan’s disability has prevented her from attending field trips in the past, so her mother Shelly King began “preparing for an ‘alternate field trip day.’”
This Startup’s Electric Van Is A Packaging Triumph (Thomas R.)
Though it’s not autonomous, though the company says they’re working on that, the room-on-wheels design is exactly what future autonomous vehicles should be (there may be a book out that says just that) and even in its current, human-driven form, the design looks incredibly flexible and usable.
McDonalds is Turning Dozens of Roadside Billboards into ‘Honeybee Hotels’ in Sweden (Thomas R.)
This is not the first time that McDonalds has used tiny structures to help struggling pollinators. In addition to several of the Swedish branches building beehives on the rooftops of their restaurants, the company auctioned off a fully-functioning beehive that was built inside of “the world’s smallest McDonalds” back in May.
It’s taken years, but at last there’s real hope for meaningful climate action (RS)
So how will our bill help this? First, we need to fundamentally change the way our economy is managed, so that democratically elected governments – not the whims of the market – set our future direction. Freed from false economic constraints that benefit only the wealthy, public investment can go directly into productive activity that will, in turn, generate tax revenue. Our pensions and savings can also be redirected into new green bonds, generating a safe return and the investment needed.
New California lab seeks cure to deadly citrus disease (Sparky1)
The disease — which causes yellow spotting and veins and misshapen and bitter fruit — has dealt a heavy blow to the citrus industry in many countries, but it has had a lesser impact in California. About 1,600 trees have been infected in Southern California backyards, but commercial orchards further north have so far been spared.
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The post Daily Digest 9/27 – Good News Friday: Turning Billboards Into Honeybee Hotels, ‘Real Hope’ For Meaningful Climate Action appeared first on Peak Prosperity.
This is a big signal as we come to the end of September.
The post This Is A Big Warning Signal appeared first on King World News.
Today Art Cashin covers everything from Rome to China, Trump and overseas trading.
The post Cashin – On This Day… appeared first on King World News.
Greg Crowe has over 30 years’ experience in the exploration and mining sector. This includes extensive exposure to precious and base metal projects throughout North and South America, Asia and Africa. Greg has worked with major mining companies and has served as a director and executive of several junior and development stage resource companies.
Click Here to Listen to the Audio
Continue Reading at MiningStockEducation.com…
0:05 Introduction
1:41 Nevada is the silver state
3:05 Candelaria project was Nevada’s highest-grade silver mine
4:28 Candelaria’s historical resource and exploration upside
5:23 Bringing Candelaria back into production
5:55 Eric Sprott’s recent investment in Silver One
6:39 Cherokee project: 1,800 g/t silver grab samples
8:30 Treasury and burn rate
TRANSCRIPT:
Bill Powers: For about three years you’ve been the CEO of Silver One Resources. You’re focused in Nevada. I didn’t really pay attention to this until you alerted me to the fact that Nevada is not the Gold State, it’s actually the Silver State. Talk to us a little about how Nevada is a good silver mining state.
Greg Crowe: Well, essentially, it’s a silver mining state because California stole the name, “The Gold State.” But I must admit that in the early days, back in the mid-1800s, silver was the dominant mineral which was being mined in Nevada. And one of the reasons that Nevada entered the State of the Union was because silver was used to pay down the Civil War debt. And it became known as the Silver State, lots of silver production, big mines like Comstock. The one that we are about to finish acquiring, called Candelaria, which was the richest producing silver mine in Nevada. That changed in the 1980s actually, which was interesting, with the discovery of gold and Barrick’s big discovery up in Northern Nevada. And since then everybody’s been looking for gold, gold, gold.
But we like silver. And we took that to our advantage. And we found a very good prospect, in addition to our Candelaria project, that we actually staked. And I can tell you a bit about that down the road too.
Bill Powers: Give us an overview of the Candelaria project and what is the upside here for investors?
Greg Crowe: Yeah, Candelaria is an interesting project. As I said, the richest producer from the mid-1800s up until mid-1900s. And produced, on average 1,250 grams per ton silver, from near surface high-grade veins. Then essentially it turned into an open-pit situation. Mined up until 1997-1998. Last producer was Kinross. And the reason they shut the mine down was not because they exhausted the mine or the heaps. They only shut down because of the collapse of silver prices.
Silver prices touched I think $2.50 per ounce, and stayed under $5 per ounce until 2003 and thereafter. So in the meantime they shuttered the mine. Started reclamation and sold it off to Silver Standard in 2001. Silver Standard did a big drill program, outlined a very sizeable resource, and moved forward with the idea of bringing it back in production. They couldn’t think about it in the $3 to $4 per ounce silver range, so they put it on the shelf. We came along in 2016 and structured a deal with Silver Standard (now SSR Mining) to purchase a 100% interest with no royalties.
Bill Powers: So there’s a large historical resource there. What exactly is that historical resource, and also talk to us about the exploration upside at this project.
Greg Crowe: The historical resource, which we’re aiming to drill and become current, is measured and indicated resources of about 46 million ounces of silver, and additional inferred resources of about 83 million ounces of silver. In the inferred category, of that 83 million ounces, 48 million ounces still sits on the old leach pads. And we’ve done some good metallurgical testing, we’re continuing with that metallurgical testing with the thoughts that, can we bring those heaps back into production? Our metallurgical testing will take another few months, but everything is looking very, very optimistic, particularly in this current up-ticking silver market.
Bill Powers: So you’d be looking at potentially a lower capex cause there is a resource right there at surface. Best case scenario, when could that possibly come into production?
Greg Crowe: Best case scenario, it would be two years and it all depends on what are the results of this metallurgical testing, which are going to take another few months, and then the permitting process. But one of the good things is because it was a disturbed site, and not completely 100% reclaimed, then it would, with a solid plan, of course, be much easier to facilitate permitting.
Bill Powers: And you have some solid financier’s that have backed the project, including most notably recently, Eric Sprott. How did that investment by Eric Sprott come about?
Greg Crowe: Well, in essence, the original investors in the company were affiliated with First Mining Finance, First Majestic Silver and Keith Neumeyer. Eric and Keith work together and Eric became aware of Silver One. Interesting enough, when I met with Eric in Toronto, he showed me that Silver One was actually on his list for acquisition, and we announced a financing in June prior to the uptick in the silver markets. We put it out there that we would do a financing and try to raise about $2 million. Within three weeks, we had $5 million, with Eric Sprott coming in as our largest single shareholder.
Bill Powers: So there’s a lot of fundamental value in the company in the historical resource of silver ounces in the ground. There’s exploration upside at the Candelaria project. And you’re also working at your Cherokee project. Talked to us about the exploration upside at the Cherokee project.
Greg Crowe: Yeah. Cherokee’s interesting. And it goes back to the premise that Nevada’s the Silver State. But most of the exploration has been focused on gold. There has been some silver exploration, but we saw a reference to an old historic mine, that in the 1800s produced in the thousands of grams per ton silver. So we said we better go look at this. And we went and looked at it. And low and behold, beautiful, what are referred to as epithermal style, boiling point textures. Good indications of copper mineralization on surface, affiliated with some very sizable veins. Started walking the veins and we traced them for 12 kilometers, or nine miles, along strike and the ground was completely open.
So we staked the whole thing. And then we bought five of the patents. We now have 100% interest. Started detailed sampling at the north end, where the old Cherokee mine is, we started getting values as high as a thousand grams per ton silver and 4.8% copper. In the south end, where the veins kind of come together, Copper seems to disappear, but we’re starting to see two grams of gold creep in, and we’re still getting strong silver values. This time up to 1,800 grams per ton silver. This is on surface, select grabbed samples. The veins to our knowledge have never had a drill on them.
So our plan is to, we’re out there right now sampling and mapping, finding more and more veins, and then we’re going to be doing a property wide airborne geophysical survey. With that information, we hope to be able to identify drill targets for the new year.
Bill Powers: What does the treasury and the burn rate of the company look like right now?
Greg Crowe: The treasury is about a C$4.2 to $4.5 million, in that range there. We do have these ongoing exploration programs, which will probably amount to about C$2 million in total, but outside those, the average burn rate of the company is about C$1.2 million per year.
Bill Powers: As we conclude, what final thoughts would you like to leave with the investors listening to us?
Greg Crowe: Well, those of you who really do believe, shall we say that we live in a somewhat unstable world, and an uncertainty economically, and you’re a believer in solid assets like gold and silver. Then look at not only gold and silver, but gold and silver companies; especially those that have some something behind them and good financial backers behind them.
