Here is a look at more "transitory inflation," extreme levels, great timing and doing God's work.
The post More “Transitory Inflation,” Extreme Levels, Great Timing And Doing God’s Work appeared first on King World News.
Billionaire Eric Sprott Owns 20%!!! Excellon Is The Highest Grade Producing Silver Mine In Mexico! Play the remarkable audio interview to learn more!
The post EXCELLON RESOURCES appeared first on King World News.
from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
from Kerry Lutz's Financial Survival Network
David Meyer is the managing principal of Meyer Wilson, a national law firm he founded to represent investment fraud victims in their fight against deceptive brokers. He’s written a book titled, The Investor Protector: Stories of Triumph over Financial Advisors Who Lie, Cheat, and Steal… Forty years of work and a lifetime of savings. Many of us strive for these goals when we retire. No one can steal the years, but the money? The savings you earned to spend time with loved ones and live comfortably on your terms? Your savings could be gone instantly with one innocent error: trusting the wrong person to invest your money. It wasn’t until David Meyer took on his first investment fraud case at twenty-eight that he truly understood the decimation caused by devious financial advisors. After winning a record-breaking jury verdict, David has been battling fraudulent financial advisors for more than two decades. Now, in The Investor Protector, he shares the stories of good people enduring unthinkable loss. These are stories of hard-earned success, unbelievable deceit, and avenging triumph. You’ll learn not only how David has helped his clients regain their savings and peace of mind, but what you can do to protect yourself – and those you love – so the future looks as bright as you planned it.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
Top trends forecaster Gerald Celente just issued a surprising trend alert.
The post Gerald Celente Issues Surprising Trend Alert appeared first on King World News.
Here is a look at inflation, commodities, housing, and silver.
The post Inflation, Commodities, Housing, And Silver appeared first on King World News.
from Kerry Lutz's Financial Survival Network
Frank Bashore joined from ABR First Capital LLC, lends to small businesses working on Federal Government Contracts. There’s none of the traditional loan qualification process, it’s based strictly on invoices sent out for payment. They raise capital from individuals, accredited and non-accredited investors. They’ve filed with the SEC and have their regulatory ducks in a row. They are offering a 10 percent return to investors who put money in their company. They also fund city, state and federal contracts. There’s no write-offs on government contracts, even in the case of bankruptcy. Frank’s been in the business for over 20 years. Banks typically run the other way when it comes to small business. He saw what a great business it was and branched out on his own. Call him 833-845-4644. Cell number 915-478-2438.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
With continued selling in the paper gold and silver markets, here is a look at gold and Basel III's all-important trillion dollar question.
The post Gold & Basel III’s Trillion-Dollar Question appeared first on King World News.
Behaving like an ass indicator flashing again, plus most bullish macro set up for gold and silver in over 50 years.
The post Behaving Like An Ass Indicator Flashing Again, Plus Most Bullish Macro Set Up For Gold & Silver In Over 50 Years! appeared first on King World News.
from Kerry Lutz's Financial Survival Network
John Rubino is back… Crosscurrents everywhere, nothing is clear. Is inflation really receding? 1970’s all over again. A lot of it was driven by commodity price inflation. We’re still going to see big inflation for years. Inflation high but commodity price trends moderating (lumber, grains, some metals down in the past couple of months). Fed says don’t worry, everything will even out. BofA says 4 years of hyperinflation. GDP growth is pretty high but jobs are disappointing and home sales falling. Are we overheating or rolling over? Unemployment benefits running out and employment rising in states cancelled that cancelled the bonus benefits. The states that got rid of extended unemployment benefits first are seeing the strongest employment growth. Covid lockdowns ending but new variant causing trouble in other parts of the world. Is it over or is some new phase starting? Reporter writes about seeing families out shopping maskless, says it’s like being in a horror movie. Miami Beach Condo Collapse, an excuse for CNN to shift from Covid to climate change. How convenient. Wuhan Lab theory is back in vogue. A lot of info points to the non-natural origins of the Covid 19 virus. Gold prices took a hit. Just a case of sell in May and go away? Mining stocks are down while the metals aren’t moving much.
Sign up (on the right side) for the free weekly newsletter.
from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
from Kerry Lutz's Financial Survival Network
Master of change and all around good person Robert Ian joined us after a long hiatus. Robert did a weekly commentary for Goldseek Radio from 2007 to 2020 that was followed by thousands. We discuss the the pandemic and how people’s lives have forever changed. More importantly we discussed actions that individuals need to take to move ahead with their lives in the “new” normal. It was great to have Robert back on the show.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
from Kerry Lutz's Financial Survival Network
Jordan Roy-Byrne was unfazed by the recent decline in gold. He was looking for a pullback, although not to the extent of the recent decline. Silver had been leading but failed to breakout which was a sign of a decline. Jordan says we’ve been building a bullish cup and handle pattern and it continues unabated. It’s still in a super-bullish trend that will take time to build. How much longer is anyone’s guess. Jordan thinks we’re at least half way through this consolidation. It’s very frustrating because gold didn’t hold near its high. The recent decline defies comparison to other historic declines. Could this be a repeat of March 2020? Bob Hoye nailed the decline. At least precious metals haven’t been slammed like cryptos with an over 50 percent decline from recent highs. It was reminiscent of the dot com bust. Bitcoin could be dead money for several years. People are going to realize cryptos are not a replacement for precious metals. Bitcoin has performed the best when the stock market has trended much higher. Bitcoin has been lagging gold through several cycles.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
We are seeing skyrocketing transportation costs ramping inflation as monetary madness goes parabolic.
The post Skyrocketing Transportation Costs Ramping Inflation As Monetary Madness Goes Parabolic appeared first on King World News.
Today Dr. Stephen Leeb told King World News that investors should expect a gold price 10 or even 20 times higher than today and a major crisis in the silver market.
The post Leeb – Expect A Gold Price 10 Or Even 20 times Higher Than Today And A Major Crisis In The Silver Market appeared first on King World News.
With so much chaos taking place around the world, today a man who has been focused on uncovering sensitive government and market information for over 20 years gave what is perhaps the most informative interview about the implementation of Basel 3 and how it will impact on the gold market. What he had to say will enlighten King World News readers around the globe.
The post 2021’s Most Informative Interview About Basel 3 And How It Will Impact On The Gold Market appeared first on King World News.
Chris Powell: Mr. Powell has been focused on uncovering sensitive government and market information for over 20 years - Chris has been quoted in both national and international publications. He has also appeared in many major financial media outlets including Bloomberg, CNBC, King World News and more.
The post Chris Powell: Broadcast Interview – Available Now appeared first on King World News.
Chris Powell: Mr. Powell has been focused on uncovering sensitive government and market information for over 20 years - Chris has been quoted in both national and international publications. He has also appeared in many major financial media outlets including Bloomberg, CNBC, King World News and more.
The post Chris Powell appeared first on King World News.
When it comes to gold and silver, we have just witnessed the calm before the storm.
The post When It Comes To Gold & Silver We Have Just Witnessed The Calm Before The Storm appeared first on King World News.
DUE TO POPULAR DEMAND AND ACCELERATED INVESTOR INTEREST IN THE PRECIOUS METALS SECTOR, WE MADE THE DECISION TO LAUNCH THE NEW KWN METALS WRAP!
The post Alasdair Macleod: Broadcast Interview – Available Now appeared first on King World News.
DUE TO POPULAR DEMAND AND ACCELERATED INVESTOR INTEREST IN THE PRECIOUS METALS SECTOR, WE MADE THE DECISION TO LAUNCH THE NEW KWN METALS WRAP!
The post KWN METALS WRAP with Alasdair Macleod appeared first on King World News.
This week hedge funds dumped 34,256 long gold contracts.
The post Hedge Funds Unload 34,256 Long Gold Contracts! appeared first on King World News.
from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
There are two different paths being taken by central banks, plus a look at the Infrastructure Bill, and when it comes to inflation "let's pray."
The post Two Different Paths Being Taken By Central Banks, Infrastructure Bill, And When It Comes To Inflation “Let’s Pray” appeared first on King World News.
Here is one chart that everyone needs to see...
The post Look At What Is Up The Most In 25 Years! appeared first on King World News.
On the heels of the recent and dramatic spike in inflation, today one of the greats in the business said, yes, we are definitely headed into a hyperinflation nightmare.
The post Macleod – Yes, We Are Headed Into A Hyperinflation Nightmare appeared first on King World News.
from Kerry Lutz's Financial Survival Network
Rich Kasparian’s firm was founded during the 2008 financial collapse. He remembers it well along with a number of other crashes and bear markets over the years. He’s all about protecting wealth and helping investors keep their hard won gains. While you may do well in the long run just staying the course, investors have difficulties watching their losses pile up. Rich says that new programs available to investors, you can get downside protection without sacrificing the majority of the upside. At the end of the day, you give up very little upside.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, sent King World News the following information about a very big development in the gold market.
The post Michael Oliver – This Is A Very Big Development For The Gold Market appeared first on King World News.
from Kerry Lutz's Financial Survival Network
John Paul Mendocha is a Deal Maker, Turnaround Specialist, Sales Improviser, Hired Gun… Quit thinking about normal, think about life. You need to think differently or you’ll be stuck in the past. How it used to be is of no concern. Those who figure it out are going to be on easy street. Do you see opportunities or are you a victim of circumstances? Don’t spend time on conspiracy theories, you can’t do anything about it anyway. It’s time to move on. If your business went south, it’s time to put it behind you and get on with it. There are new rules. The saddest thing is that there are 330 million people constrained by new rules and regulations. Governments are hindering the gig economy but cannot stop it. We’re going to see lots more regs for the purposes of tracking people and their income. Corona really drove globalization. All over the world. Make it easier for your customers to do business with you. Avoid friction to maximize sales and revenue.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
This is going to have a huge impact on gold and silver prices.
The post This Is Going To Have A Huge Impact On Gold & Silver Prices appeared first on King World News.
This Company Has One Of The Largest Undeveloped Gold Portfolios In The World! Keith Neumeyer founded First Mining Gold in 2015 and has turned it into a company with one
The post First Mining Gold appeared first on King World News.
FPX Nickel CEO Martin Turenne explains why nickel can be considered the ultimate battery metal. He provides a nickel market update as well as a FPX Nickel (TSXV:FPX; OTC:FPOCF) company update. FPX Nickel is one of Canada’s best nickel development companies with its PEA-stage Baptiste nickel deposit in its 100%-owned Decar nickel district in British Columbia. Martin elaborates on the Decar nickel district’s massive exploration potential which is about to be drilled this summer at the company’s Van target.
FPX Nickel will begin this summer the first ever drill program at its Van target. Martin has shared regarding Van’s prospectivity: “Most notably at the Van target, where we have delineated a drill target there based on outcropping surface samples of bedrock that covers an area about three square kilometers of outcrop. So that is the target scale. By way of comparison, the lateral footprint of Baptiste is only about two and a half square kilometers. And the other thing that we see at Van is not only is it larger in its scale conceptually at surface than Baptiste, but the grades are higher. The grades are about 10% to 15% higher in surface samples (0.16% DTR Ni).”
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
0:00 Introduction
1:00 Nickel market update
2:32 Possible nickel substitute?
4:08 Nickel is the ultimate battery metal
5:12 Biden admin recognizes criticality of U.S. nickel supply
7:20 U.S. automakers moving upstream in order to secure raw materials
8:43 Waterton selling nickel project for hopefully $1B
11:30 Van target: potential world-class nickel discovery
13:56 How would success at Van change FPX’s focus?
15:01 Low or possibly net-negative carbon project
17:58 Recent financing
19:13 Recent share price commentary
20:00 Upcoming catalysts
21:05 Risks for FPX?
Here is a look at the Citi Pain Index, a contrarian alert, this is not going to end well, plus look at what is collapsing.
The post Citi Pain Index, Contrarian Alert, This Is Not Going To End Well, Plus Look At What Is Collapsing appeared first on King World News.
Here is a look at silver and housing.
The post Silver, Plus A Look At Housing appeared first on King World News.
from Kerry Lutz's Financial Survival Network
Zack Boothe went from washing windows to generating true wealth in real estate. Don’t get this wrong, he had a successful window washing business, but real estate is much better. He was a successful YouTuber teaching people how to properly wash windows. However he was living paycheck to paycheck and had no net worth. He was inspired by Robert Kiyosaki’s Rich Dad, Poor Dad book. In 2012 he was pre-approved for a $70,000 loan and bought a $55,000 duplex and did sweat equity to rehab it. He rented out half and lived in the other half. He was in his early 20’s at the time. He wanted to do more. He then learned about wholesaling. As a window cleaner, he didn’t have a solid balance sheet. He found off-market distressed properties, a business model which required little or no cash. His first deal netted $10,000 profit. He’s made over $800,000 in fees. He made $93k in Florida, starting with just $1000. The goal was just $40,000, so he more than doubled it. Now he’s on a mission. He wanted to show people that anyone could do it. He started doing driving for dollars, riding around his neighborhood looking for houses that were suffering from physical neglect.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
Bullion banks covered some gold short positions, but how many longs are left to shake out?
The post Bullion Banks Cover Gold Shorts, But How Many Longs Are Left To Shake Out? appeared first on King World News.
from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
from Kerry Lutz's Financial Survival Network
Dr. James Stroud, PhD, the father of the Stealth crypto currency joined us for a discussion of Bitcoin and cryptos. We discussed the Bitcoin cycles and James attributes much of Bitcoin’s recent losses to it’s most recent halving, the process whereby production of new Bitcoins is decreased by 50 percent. All its prior declines have been followed by similar crashes. He’s not sure that 65000 was the ultimate high from which it will crash.He developed Stealth for rapid transactions, enhanced privacy and energy efficiency, exactly what Elon Musk is looking for. Let’s see if it replaces Dogecoin as Musk’s favorite crypto.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
As we kickoff the trading week, here is a look at gold bull alert, plus 3 stunning charts.
The post Gold Bull Alert, Plus 3 Stunning Charts appeared first on King World News.
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals just sent King World News his latest work on gold and the coming global economic meltdown.
The post Greyerz – Gold And The Coming Global Economic Meltdown appeared first on King World News.
from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
One of the greats in the business told King World News "this has certainly been a week for the ages."
The post “This Has Certainly Been A Week For The Ages, And A Major Wakeup Call For Everybody!” appeared first on King World News.
Dr. Stephen Leeb: Chairman & Chief Investment Officer of Leeb Capital Management - AUTHOR…INVESTMENT ADVISER…MONEY MANAGER - Stephen Leeb is a prolific author, investment adviser, and money manager who has been analyzing financial markets for more than 40 years. He is...
The post Dr. Stephen Leeb: Broadcast Interview – Available Now appeared first on King World News.
Dr. Stephen Leeb: Chairman & Chief Investment Officer of Leeb Capital Management - AUTHOR…INVESTMENT ADVISER…MONEY MANAGER - Stephen Leeb is a prolific author, investment adviser, and money manager who has been analyzing financial markets for more than 40 years. He is...
The post Dr. Stephen Leeb appeared first on King World News.
This week's manufactured takedown in the gold and silver markets was right on cue as we move toward the implementation of Basel III at the end of this month, with bullion banks still trapped heavily short.
The post Gold & Silver Smashed As Bullion Banks Attempt To Get The Hell Out Of As Many Gold & Silver Shorts Possible Prior To Basel III Implementation appeared first on King World News.
DUE TO POPULAR DEMAND AND ACCELERATED INVESTOR INTEREST IN THE PRECIOUS METALS SECTOR, WE MADE THE DECISION TO LAUNCH THE NEW KWN METALS WRAP!
The post Alasdair Macleod: Broadcast Interview – Available Now appeared first on King World News.
DUE TO POPULAR DEMAND AND ACCELERATED INVESTOR INTEREST IN THE PRECIOUS METALS SECTOR, WE MADE THE DECISION TO LAUNCH THE NEW KWN METALS WRAP!
The post KWN METALS WRAP with Alasdair Macleod appeared first on King World News.
We are now at the beginning of what will be a historic collapse.
The post We Are Now At The Beginning Of What Will Be A Historic Collapse appeared first on King World News.
from Kerry Lutz's Financial Survival Network
I missed an important anniversary, FSN’s 10th! Hard to believe I’ve been doing this for 10 years now, over 7000 episodes later. Not many podcasters have been around as long as I have and fewer still have done that many shows. I only have you to thank. It’s been an amazing ride, with amazing friends, some of whom I consider among my closest. I have met so many people that I would have never come into contact with in my old life. It has been an amazing decade and I’m not about to slow down now. In fact, I’m going to pick up the pace and improve the show. There’s nothing else in the world I’d rather be doing than this. Special thanks to my producer Melissa for being there all these years. Here’s to the next 10 years!
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
When it comes to precious metals, one needs to believe. Plus a look at the big picture on a day when gold and silver were smashed by the algos.
The post Algos Bomb Gold, Precious Metals: One Needs To Believe. Plus Big Picture On A Day Gold & Silver Were Smashed appeared first on King World News.
from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
from Kerry Lutz's Financial Survival Network
Justin Huhn runs Uranium Insider and is a new guest. He’s looking for a new bull market in Uranium. Since Sprott has taken over the Uranium Participation Corporation, spot deliveries will now have to take place in a much shorter time frame, whereas they used to take place in a 12 month time period. This should have very bullish consequences. Uranium prices must double to make many producers economically viable again. New York State aside, demand will increase as will nuclear power plant demand. Nuclear power is the safest form of energy ever produced. The newest generation of small modular nuclear power plants are virtually foolproof. Nuclear energy is also the answer to carbon emissions. The green left is starting come around to embrace nuclear power and that’s a big positive surprise. 54 reactors are currently being built around the world, mostly in China. Over 400 projects are under active consideration. 2-4 years is the timetable, when things will really heat up, so better to be poised for the inevitable run up in prices.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
The takedown in the gold market continues ahead of Basel III implementation.
The post Gold Takedown Continues Ahead Of Basel III Implementation appeared first on King World News.
Top trends forecaster Gerald Celente is predicting more chaos and violence in the streets, this time because of massive inflation.
The post Celente – Expect More Chaos And Violence In The Streets, This Time Because Of Massive Inflation appeared first on King World News.
from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
from Kerry Lutz's Financial Survival Network
Octavio Marenzi is the co-founder and CEO of Opimas. Life is transitory. Inflation, not so much, contrary to what the Fed may say. The pandemic greatly boosted savings and now consumers want to spend it. The banks have huge reserves and eventually they’ll be boosting lending. Quantity of money and increased demand which will lead to higher prices. Hotel and AirBNB prices have escalated. Octavio is saying inflation is here to stay. The Fed is trying to manage inflationary expectations with tepid reassurances. Can we afford to have interest rates in to 20’s like Paul Volker did in the 1980’s? Certainly the equities markets are going to tank. There’s fear in Jay Powell’s eyes. Do we need Federal Reserve Branch Banks anymore? What purpose do they really serve? Commodities, cryptos and gold/silver. Cryptos looked like a gold replacement until recently. The Fed has demonstrated a lot of antipathy towards competition/cryptos. Could be death by a thousand cuts. Gold has been under-performing with the lowest price increases over the past several years, but that could be about to change.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
Look at what just hit an all-time record...
The post Look At What Just Hit An All-Time Record! appeared first on King World News.
Here is a look at the gold and miner pullback, plus up for 13 straight years!
The post Gold And Miner Pullback, Plus Up For 13 Straight Years! appeared first on King World News.
from Kerry Lutz's Financial Survival Network
Charles Hugh Smith joins the program… The “old” Normal was fun, but how fun was it really? The commute was a killer and took its toll on the family. We were all working harder and making less. Time was at a premium and so was spending time with your family. The focus on consumption was all enveloping. We now defend on many other countries for vital resources. Off-shoring had many destructive impacts upon our economy and your health. Unhealthy food is highly profitable. Now we can start eating real food. Local communities are encouraging local food production. Detroit is leading the way of urban healthy food production. The pandemic has shone a light on what was really happening to your health. Sick (health) care has been exposed for what it really is. Big pharma is going to take a hit. Now it’s no longer a matter of you being a captive big-pharma consumer, till death do you part. Same with lousy high-stress jobs. Another contributor to bad health and misery. It’s a net plus for the gig economy and the alternate economy From the 1970’s to the present $50 trillion transferred from labor to capital. Built-in obsolence could well be coming to an end. Witness Tesla and Apple. Appliances go bad in a few years, where they used to last decades. It’s an erosion of quality and durability. The global supply chain will never go back to normal, and that’s a good thing. Hopefully government regulations will foster in the new normal. Things like battery recycling and resource are the future. Growth doesn’t have to come from waste. What’s next for Charles, a labor backed crypto?
Sign up (on the right side) for the free weekly newsletter.
Monetary madness continues, but look at what is happening to prices.
The post Monetary Madness Continues, But Look At What Is Happening To Prices appeared first on King World News.
from Kerry Lutz's Financial Survival Network
Find out why successful mine builder Gerald Panneton is more bullish about Gold Terra (Tickers: in US YGTFF and Canada YGT) than any other project he’s ever worked on. He explains the geology of the project, its vast scale and his goals moving ahead. It’s nice to see a seasoned manager, who took Detour Gold from 1.5 million ounces to over 16 million, explain why he’s not using warrants or options to further finance the company’s expansion. He takes tough questions from the audience and makes a compelling case for investing in Gold Terra.
Sign up (on the right side) for the free weekly newsletter.
from Kerry Lutz's Financial Survival Network
Michelle “Mish” Schneider is very upbeat on XRP, a/k/a Ripple. It’s got a number of investment uses and great tech applications. Mish likes being able to chart the cryptos and their buy patterns. Are cryptos just another Nifty 50 stock type boom? Should you HODL? Mish explains how to trade parabolic moves. Get in early on a chart signal and a strong fundamental argument. Keep risk minimal. Then as it goes parabolic, take profits on the up move. Once the public gets sucked in it’s already time to get out.
Just when you thought it was safe to swipe your credit card, Inflation has come roaring back. Paul Tudor Jones came out saying inflation is here to stay. It’s going to be a factor and a threat to fiat currency, especially because of Bitcoin. Mish’s take is that gold and silver are going to much higher in the near future. It’s going to follow commodities and could go parabolic. The gold to silver ratio has flipped. What will the Fed do? Raising rates will kill the economy, keeping them low will threaten the dollar. Where’s the growth going to come from? It’s gotta come from somewhere, but no one knows where right now.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
Silver One (TSXV:SVE OTC:SLVRF FSE:BRK1) is focused on the exploration and development of quality silver projects. The Company holds an option to acquire a 100%-interest in its flagship project, the past-producing Candelaria Mine located in Nevada. The Company is currently conducting metallurgical tests to determine the best methods for and potential recoveries of silver from the historic leach pads. Silver One is also currently drilling the Candelaria project with the goals of updating the sizeable historic resource to current and is testing the potential for a down-dip high-grade zone of silver mineralization as indicated in previous drilling completed by Silver Standard in 2001. Additional opportunities lie in potentially increasing the substantive silver mineralization along-strike from the two past-producing open pits.
The Company has staked 636 lode claims and entered into a Lease/Purchase Agreement to acquire five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 16 km along-strike.
Silver One holds an option to acquire a 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect that lies within the “Arizona Silver Belt”, immediately adjacent to the prolific copper producing area of Globe, Arizona.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
With the Basel III deadline approaching, bullion banks are massively short $34 billion of paper gold! Will the gold market catch fire?
The post WILL GOLD MARKET CATCH FIRE? With Basel III Deadline Approaching, Bullion Banks Massively Short $34 Billion Of Paper Gold! appeared first on King World News.
from Kerry Lutz's Financial Survival Network
Jobs picture improvement is slowing down. There have been two misses in a row. Jobs recovery is much slower than expected. It will take months to achieve the pre-pandemic. Gold and silver should see improvement as the economic numbers lag. Phillip Streible is expecting a rise over $30 but he’s not seeing it rising to new highs. He’s been buying March options utilizing calculated risk, taking a small risk for a large potential gain. He’s helping people actually take delivery on the Comex. He’s looking for corrections to then acquire and exercise to take delivery. Usually they get out of the contract the day before expiration. It’s a good way to acquire commodities at or near spot. Copper has been the best performing commodity during the pandemic, especially in light of recent supply disruptions. It’s all about China’s economic numbers. Phil believes that copper could well run into shortages, not to mention inflation reawakening. As long as there are supply chain disruptions, copper is at risk. Lumber prices are coming down, demand has already receding. Homebuilders were hedging their position earlier on to lock in profits. Make sure you subscribe to Blue Line Futures morning report. It’s a great overview of the economy and commodities.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
Today James Turk told King World News that gold and silver prices are about to break free from manipulation.
The post Turk – At Last Gold & Silver Prices Are Going To Break Free From Manipulation appeared first on King World News.
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that final and total catastrophe lies ahead for the global currency and financial system.
The post Greyerz – Final And Total Catastrophe Lies Ahead for The Global Currency And Financial System appeared first on King World News.
Today the top trends forecaster in the world, Gerald Celente, told King World News that the price of silver is headed to new all-time highs.
The post Celente – The Price Of Silver Is Headed To New All-Time Highs 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.
DUE TO POPULAR DEMAND AND ACCELERATED INVESTOR INTEREST IN THE PRECIOUS METALS SECTOR, WE MADE THE DECISION TO LAUNCH THE NEW KWN METALS WRAP!
The post Alasdair Macleod: Broadcast Interview – Available Now appeared first on King World News.
DUE TO POPULAR DEMAND AND ACCELERATED INVESTOR INTEREST IN THE PRECIOUS METALS SECTOR, WE MADE THE DECISION TO LAUNCH THE NEW KWN METALS WRAP!
The post Alasdair Macleod appeared first on King World News.
Here is a quick update on the silver market.
The post Quick Update On The Silver Market appeared first on King World News.
from Kerry Lutz's Financial Survival Network
Tahmina Watson joins us to discuss a new way for foreign entrepreneurs to obtain at least temporary residency in the US, the Start-up Visa. If you’re a foreign entrepreneur and have obtained investor backing, this program could be for you. As with everything having to do with immigration, the rules are complicated, but the intent is to attract foreign entrepreneurs to the United States and have them build successful businesses. This new program which was instituted by rulemaking authority could be a net positive to the country and certainly those taking advantage of it. It’s ashamed that Congress can’t get this done on its own, but so goes modern America and its failed politics.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
Lawyer and investor Kerry Lutz of the Financial Survival Network explains how he has been able to profit from legal uncertainty plays. He provides examples of his success and offers advice for non-legally trained speculators. Kerry does warn that “not all that glitters is gold” and that you do need to be careful before speculating in a legal uncertainty play. Finally, Kerry encourages investors to look for problems that others don’t perceive and then create a solution thereby creating investment opportunities for yourself. This is what Kerry did during his days as a New York lawyer working with hedge funds. And as a result, he has created over 20+ years of passive income for himself through the deals he initiated and arranged.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
0:00 Introduction
1:10 Kerry’s past success with legal uncertainty plays
8:31 “Not all that glitters is gold”: Be careful
11:47 Advice for non-legally trained speculators
15:12 Look for new opportunities to make money
Sprott's CEO, Peter Grosskopf, on golden anniversary reflections and a silver surprise.
The post Sprott’s CEO Peter Grosskopf On Golden Anniversary Reflections And A Silver Surprise appeared first on King World News.
Most bullish set up for gold and silver in over 50 years, gold and silver stocks getting ready to soar! Plus more surprises.
The post Most Bullish Set Up For Gold & Silver In Over 50 Years, Gold & Silver Stocks Getting Ready To Soar! Plus More Surprises appeared first on King World News.
from Kerry Lutz's Financial Survival Network
George Gammon’s contribution to restoring normalcy is his Rebel Capitalist Live taking place in Miami. It’s happening on June 11-13. It’s great for people to be getting together and to connect fact-to-face. There’s something about meeting personally and looking them in the eye and talk one on one. The dystopian world is shaping up before our very eyes. What is wealth? It’s not what’s in your bank account, which is simply a bank’s liablity. Currency units do not equal wealth, otherwise Venezuela would be one of the wealthiest countries in history. It’s all about what money or currency can buy. We can see the damage that stimulus and government have inflicted. Will it create an environment where more goods and services are created and sold, or less? They’ve created a major labor shortage because people are staying home and getting paid more for doing nothing. Over the long run does this create wealth? Obviously the answer is no. Which means higher consumer prices making people poorer in the long run.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
On the heels of two important events this morning, one of the greats in the business told King World News that silver is not a real market but the curtain is about to fall.
The post Silver Is Not A Real Market But The Curtain Is About To Fall appeared first on King World News.
from Kerry Lutz's Financial Survival Network
Our next guest, Gianni Russo, is someone you’re probably familiar with. He started life in the polio ward at Belview hosp in NY. Became a courier for mob boss Frank Costello, had a hot torrid affair with Marilyn Monroe, a close personal friendship with Frank Sinatra, knew the Kennedys and has kept popping in history much like Forest Gump, whenever something major was happening. But you probably know him best as Carlo Rizzi in the Godfather, Gianni is here with us now. Gianni is the author of Hollywood Godfather, a multi-year bestseller. We explore his early beginnings in a New York City polio ward, his association with mob chieftain Frank Costello, his involvement in the JFK assassination, his torrid affair with Marilyn Monroe and her untimely suspicious death. Gianni goes into what happened with the RFK assassination and Sirhan Sirhan’s, brainwashing. And his run in with Narco Terrorist Pablo Escobar and how he managed to escape certain death at his hands. Truly a fascinating life and one that Gianni says he has no regrets about.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
This is what the gold market is watching, look at these real (negative) central bank rates, plus some stunning charts.
The post Gold Market, Look At These Real (Negative) Central Bank Rates, Plus Some Stunning Charts appeared first on King World News.
With the price of gold trading near $1,900 and silver at $28, it appears all roads now lead to gold.
The post All Roads Now Lead To Gold! appeared first on King World News.
from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
from Kerry Lutz's Financial Survival Network
Get ready for 3 percent inflation. According to Jim Welsh we’re going to see treasury yields sink, along with gold and silver, commodities and then we’re going to see them go higher. S&P will be vulnerable to a 10 percent pullback and then comes another rally. Look forward to another dollar rally. It’s now completing an A-B-C pullback and then we’re going to see it improve. Rates go up in 2022, maybe two hikes. Yuan is getting ready for a pullback. China doesn’t want a strong Yuan. And Bitcoin will drop to $28k. And then it will go up and make another high, so be prepared.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
Tier One Silver is a precious metals exploration company that was spun out from Auryn Resources on October 9, 2020. Tier One Silver now trades under the ticker “TSLV” on the TSXV as of June 9th. The OTC listing for U.S. investors should be live soon as the company is submitting its OTC application on June 9th immediately after shares begin trading on the TSXV.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
CEO Peter Dembicki stated: “News flow is going to be rampant in the first couple of months, it’s going to be really exciting. So investors have waited so long for us to be listed, all the shareholders and those that took part in our financing. And so in the meantime, we haven’t just been sitting on our hands, we’ve been working and especially the group down in Peru. Bulldozers are in place, excavators are clearing the paths, drills are going to be ready within 10 days from now to start piercing the ground. So we’re going to come from listing our stock today to commencing drilling within 10 days. We have news flow from trenching, more samples coming out and potentially more zones that we’ve discovered. Not to mention, let’s not forget our game plan with Tier One is we’re a portfolio company and we have results to come back from our other assets as well, which are extremely high quality. So we have a ton coming down the pipeline and investors, they’re going to be well in tune with all the news that we have to come.”
Tier One Silver is focused on creating significant value for shareholders through the exploration and potential discovery of world-class silver, gold and copper deposits in southwest Peru. Tier One Silver’s main focus currently is the 100% owned Curibaya project, which consists of approximately 11,000 hectares and is located approximately 48 km north-northeast of the provincial capital, Tacna, accessible by road. Rock grab sampling at the Curibaya project has returned grades of up to 298,000 g/t silver and 934 g/t gold, with samples spread across a 4 x 5 km alteration system. In this interview CEO Peter Dembicki and Chairman Ivan Bebek provides an update on Tier One Silver’s progress, upcoming developments and overall investment value proposition.
0:00 Introduction
0:40 TSLV now trading on TSXV
2:21 Expectations of TSLV’s trading
4:52 Curibaya’s prospectivity
9:36 Upcoming news flow
11:21 Four to six weeks estimated to get first core hole results
13:09 Peruvian presidential election
15:30 Ivan’s view on increased mining taxes
TRANSCRIPT:
Bill: I’m Bill Powers, this is Mining Stock Education, thank you for tuning in. Well today finally, Tier One Silver is beginning trading on the Toronto Venture Exchange so I thought it a good time to bring back on Ivan Bebek the chair as well as Peter Dembicki the president and CEO. So welcome to the show gentlemen, you can finally say your company is trading. Peter, I want to throw it over to you to start. What more can you tell us, give us the ticker symbol again and when should United States investors expect to have their shares tradable?
Peter: Absolutely. Thanks Bill, good to see you again. So we finally made it, TSLV will be the ticker symbol on the Toronto Venture Exchange. After today we will be applying immediately for our OTC symbol to really open it up to all our US investor base. However, if you do have a brokerage account as an American that can trade TSX venture listed securities then you’re free to buy as you wish.
Bill: Where do you see the share price going?
Peter: Well, obviously we have a lot of dreams and internal bets within the group here, where it’s going to open or where it’s going to close. Nothing has changed the fundamentals of the company, all the focus is on Curibaya. It’s going to be an extreme flurry of activity for the first two months so, where is it going to open? Where is it going to trade? That inevitably is up to the market and we have to let the market make that decision but we have high hopes and we know it’s going to be a really active stock, that’s for sure.
Bill: Ivan you mentioned to me in the past that there’s a lot of buying demand out there. You’ve done hundreds of meetings over these last six plus months. What would you like to say about where you expect the share price to open up?
Ivan: Well, sure. It’s been an amazing ride first and foremost since October when we spun it out officially out of Auryn, it was really a concept, didn’t have a CEO, it was some high-grade on the right belt. It’s come a long way and there’s been incredible advance things technically and we got an amazing CEO here with us. Peter did a remarkable job with probably, I don’t know, two or 300 Zoom meetings with the time it took us to get public, which was an extra few months than we originally forecasted. And so we just used that extra time to get extra ready and not just with our projects and do more work and build our confidence but we did it to really set ourselves up to perform out the gate and why are we so ambitious? Why are we so excited? This truly is the number one exploration shot I think I’ve ever seen on a virgin project that’s never been drilled before.
And from that perspective, I get the same question you just asked Peter, where does it open? What’s it going to trade? Look, all I’m going to say is we funded it at a dollar, 14 million shares roughly were purchased at a dollar a few months ago, right? So that gives you a bit of a base of where it should trade and above because that’s a large commitment of that price. But at the same time, this is something that everybody should own if they like huge discoveries, if they like that risk versus reward, that big return potential, you just got to own this regardless of price at least some of it in your portfolio before we get the first-world results back. So for me it’s open range, I’m actually was along the whole listing process.
I was more concerned about drilling than I was about the listing process because even if we didn’t get listed for another six months and we drilled and hit it, we’d still reward shareholders the way they deserve to be rewarded, it just would have been done via privately. But that was just a modest stepping stone, barely a milestone compared to what we’re going to do with the drill bit here. And so I’ve been anxiously pushing the listing with Peter and however I can help but more anxiously I’ve been following the project with extreme anxiety and in a good way of what we might be up to. And you get this fantasy kind of perspective when you see the grade and you see the targeting and there’s still a lot of layers that haven’t come out on this project which you’ll see in the coming weeks here as we’re going to start drilling it, that are pretty paramount towards the probability of success which we think is quite high.
Bill: Ivan, you did a recent interview with Rick Rule about Tier One Silver and your exploration thesis. Rick Rule has taught me and thousands of other speculators to look at exploration as getting answers to unanswered questions. And it’s important what questions you come up with because you don’t want to waste your time and money. And that knowledge and expertise that goes into developing these questions is crucial. Are there new questions that your team has developed over the last six to eight months as you’ve been unlisted?
Ivan: Well, I would say we know the simple facts, right? We know there’s grade, we know there’s scale, we know the address is right, we know the age of mineralization is right, those are the top four things you worry about from a high level and those are all 10 out 10 check marks for us but we haven’t talked a lot about the multi-phase. If you think about that nucleus or that target below surface that’s pulsing these veins up to the surface, it’s got four or five different times that it pulsed veins that have crossed other veins. And it means that the actual system is pulsing high-grade repeatedly over a longer period of time which gives us a really high level of confidence that there’s a large amount of veins and it’s a very robust system, that’s a big one.
The second thing is, when you look at our chargeability in geophysics, we were going through a call with one of our very, very good shareholders and a consultant who works with us, the other day and we’re going through the drill plan and one of the holes crossed our targeted feeder structure and it went for another three, 400 meters, so we turned to Dave Smithson and said, Dave, why are we drilling way past the feeder structure this gentleman asked us? And Dave said, look, he says, we’ve sampled 40 gram gold, et cetera, on top, on the backside of that feeder structure and we see other structures behind it. And my question was, why doesn’t that show up in the chargeability because there’s low sulfide on the Western half of the actual target? So sulfide is what shows up in chargeability, sulfide can include silver and gold.
But we’re getting that really Bonanza grade, silver and gold without high salt content as well, which begs the mystery and a bit of the fantasy of what are we going to find with a drill bit? How many targets, how many veins, how many structures are going to be mineralized when we drill through them? So I like to think our targeting is only scratching the surface and you’re going to have to give it some time but these are some of the things that have not been asked that are paramount. The last question which nobody’s really asked us formally yet is, how come this opportunity was never found before? And whenever you hear something that sounds too good to be true, this great huge target on this belt, like a perfect case scenario which is what it’s advertising as, why didn’t anyone else find this? And I was asking the same call.
And Dave explained, there’s a thin container, a layer of dirt that covers all these veins that he’s been sampling. They sampled over 1500 veins carrying this ridiculous grade, right? And what he said is, if you’re not closer than a meter to see these veins you can’t see them, they’re covered by this layer of dirt. But once you get closer into a meter, you start to see these veins, you take your rock hammer out, you start hammering away and you get rock that Joel just described as screw bar, pardon me for the acronym, but really messed up rock, which means there’s a lot going on. And in big systems, you want to see that massive distortion, huge heat engine, a lot of different events, twisting the rock, turning it and that’s really really positive for the endowment potential of precious metals.
So from that, I think that the market doesn’t know yet that the reason why this was missed is because a thin blanket of dirt that’s covered it and nobody gave it the close attention. Wild Acres, the junior who had this before us, who had a bit of the high grade, they were exploring on the part that had low sulfides. So they didn’t get to all that high grade, multi kilo, Bonanza grade, to the extent we did so there was a miss by the predecessor that ran out of money in the last fair market. And then thirdly, seeing the multi events that form the system, it’s a pulsing system over time, it gives us the chance to believe that there could be a lot more here, it’s not a single event that created some thin veins that have occurred. So I think all of that is paramount towards what’s not been asked that’s as important as what we’ve told you about.
I also think that trenching, which Peter can tell you that news is going to come out in the next few weeks here, I think trenching has been missing because people want to see economic winds of potential mineralization and this project advertised as no outcrop of significance, just been veins kind of piercing through the surface, but the guys have gotten onto some outcome. And so I think the next week or two, we’re going to have some veins coming out, oh sorry, some trenches coming out, which hopefully give us some of those widths that we’ll want to see and drill holes down below.
Bill: Peter, can you talk to us about news flow as Ivan brought up. And how connected are you with the assay labs and when should investors expect a turnaround of these results?
Peter: News flow is going to be rampant in the first couple of months, it’s going to be really exciting. So investors have waited so long for us to be listed, all the shareholders and those that took part in our financing. And so in the meantime, we haven’t just been sitting on our hands, we’ve been working and especially the group down in Peru. Bulldozers are in place, excavators are clearing the paths, drills are going to be ready within 10 days from now to start piercing the ground. So we’re going to come from listing our stock today to commencing drilling within 10 days. We have news flow from trenching, more samples coming out and potentially more zones that we’ve discovered. Not to mention, let’s not forget our game plan with Tier One is we’re a portfolio company and we have results to come back from our other assets as well, which are extremely high quality. So we have a ton coming down the pipeline and investors they’re going to be well in tune with all the news that we have to come.
Bill: 60 days, would that be a fair estimate for when we could see the first drill core results back?
Peter: Yeah, again, sorry I didn’t touch on how fast the labs are coming back, but actually in Peru, funny enough, it’s the one thing that is very efficient. And so our geologists are saying, two to three week turnaround time. I always like to err on the side of being conservative so two to four weeks for results to come back from those first holes. So that’s extremely fast compared to some of the things that we’re seeing in United States even.
Bill: But just if I could clarify that for investors, does it take a week to drill a hole, then two to four weeks for you to get it back then your team has to look at it before you issue the release? So maybe like five to six weeks, would that be the expectation we should set?
Ivan: Four to six weeks Bill is reasonable including the drilling holes, three to four days, depending how hopefully it takes a lot longer to drill the hole and we’ve hit the big porphyry underneath the precious metals, right? But four to six weeks is good guidance for the holes. The next question that you’d ask generally is, are you going to batch it? Are you going to do one hole at a time? All of this will come out as we start drilling because we have to learn the drilling pace until you drill it. You don’t know how fast, how many meters you’re going to get a day, we have an idea and once we do that, but four to six weeks is very fair guidance.
And then the other thing I’ll say that I want to just pipe in on, and sorry to interrupt you Peter there is, this project is not going to be determined in one drill hole as a miss, it’s going to take at least 20 or 30 drill holes to tell us it’s not there, which is a lot, that’ll take us probably a good six months till the end of the year to figure out. And at the same time, if we drill the glory hole on the first day, our lives could all change significantly, within four to six weeks, it could be a whole different world for us.
For an exploration investor this doesn’t get any better, a virgin project, amazing concept, all the right ingredients there, and a lot of ways to make it work and very few ways to kill this. And then the last point I’ll make is we’ve only explored one third of the property and there’s a lot of prospectivity in other parts of this property. Nobody realizes that because we’ve got into such a big 20 square kilometer bulls-eye of veins emanating from the source, but there’s two thirds more to go look at and we are on that belt to some of the world’s largest porphyry deposits within 30, 40 kilometers away.
Bill: Peter, the Peruvian election as we speak, it’s still up in the air, neck and neck. What concerns have investors been posing to you? And what is your thoughts on the election?
Peter: Yeah, I mean, we’re watching what’s happening in Peru right now. All day, every day we have teams that are very connected to the political scene in Peru so we’re able to get firsthand and not just rely on clickbait from the North American media that always likes to throw their spin on everything. As Ivan will tell you and in his past experience with mining in various countries that have political instability, it’s what makes this game tough but it’s what makes the risk reward really pay off. So in Peru specifically, there were a lot of concerns and rhetoric being flown around about the intentions of Mr. Castillo and what he wants to do, but guess what, the election isn’t over yet, there are still hundreds of thousands of votes to be counted from expatriate, both from outside of Peru that heavily lean to the other candidate, Keiko Fujimori. So there’s going to be accusations being slung back and forth, there’s going to be contested and disputed votes so we really think that there’s going to be at least another week before we have anything really definitive to rely on, in the meantime, we’re watching it closely.
At the end of the day do we feel that Pedro is a massive threat to an explorer in Peru? No, we don’t at all. He came out of the gates pretty hard swinging from the left-hand side, however, he was very clear that he does not intend to have any nationalization of any mines in Peru and most likely they’re just looking for a bigger piece of the pie. And so whether that comes in taxes or royalties, but really affecting the larger producers in the company but thankful for us in a state that we are fully funded with full permits in hand and full support from our communities, is a huge plus for us. So we’re all systems go, our focus has always been curved by them, it’s always been having the drills really tell the truth on this thing and that hasn’t changed one bit from what’s happening in the background with the election.
Bill: Ivan as we wrap it up, would you like to share any final thoughts?
Ivan: Yeah, just on that. Peter touched on my international experience. I’ve done business in Mongolia, I’ve done business in Ghana, West Africa, and Ghana was interesting. The government took 10% of your project from day one so they had a 10% carried interest, meaning you did all the work, you spend all the money, you got to keep 90% plus you paid taxes, right? They also had a three and a half percent in stock and we were successful with Keegan finding five million ounces in that environment and the stock went from 50 cents to $9 per share, $900 million market cap at the time. So if we can do that in that environment, which is far more challenging than what we’re talking about in Peru, in terms of current layout and what might change, that’s really positive. Secondly, elections are great, they draw a lot of attention, I mean, as we’re seeing here, there’s a lot of drama around them because the world is going through a lot of change.
It just went through COVID, there’s going to be a global taxation effort that’s going to be across all industries and all people and we’re all prepared to face that. I think specifically for Peru, you’re looking at a deadlock really divided really, really tight race, which I think predicates on minimal change no matter who wins because they won’t have that landslide overwhelming control and I think so it’s kind of over done on the drama down there. Castillo made some remarks in his preliminaries and it scared a few people but remarks Humala made in the last election were much more aggressive and nothing got really that bad. The permitting slowed down a little bit, we don’t think that could be much slower, however, we’re navigating appropriately. And if you listen to Castillo and what he’s advocating for it’s to do more for the communities and that’s something we’ve done incredibly well from the start, not just on Tier One but on Sombrero. We put the communities first, we treat things socially with sustainable longterm views of having the mine based on our confidence.
And if we’re going to make the effort everybody should benefit and I’m actually in favor of doing more for the local people that are affected by the mines, I’m actually supportive of that. So the last point I’ll make is the word tax, and the reason why I love and hate the word tax, I hate the word tax because I have to pay a bill but the reason why I love it is because I’m making money when I have to pay tax. So you either want to make a lot of money and pay a lot of tax or you don’t want to make a lot of money and don’t pay a lot of tax, I’d rather the first of those two comments so I’m not afraid. I know Nevada recently is making an effort to increase their taxes, that’s the best mining jurisdiction in the world.
I think we will see where it can be applied globally on the backside of COVID. I think there’s going to be a definitely a new landscape for all of us but it does not change the scarcity of big discoveries that’s become way more difficult to find. And so metal shortages, metal prices going up, taxes going up, it’s a very, very interesting place. As an investor are you going to be penalized more by increased taxes on the company that’s exploring? Or are you going to benefit more because no one is finding what we’re looking for, these world-class huge major 20 to 50 year mine life type of projects, right? I’d go on and say that, if we make the discovery, the taxes, everything is going to be fairly irrelevant fairly quickly in the sense that it’s so hard to make these discoveries, it’s so rare to find them the value and premium that is going to be applied is going to be substantial.
And I don’t see Peruvian government, whoever wins it, I don’t see them blowing their foot off with a shotgun by collapsing the favorable foreign investment climate that they currently have. I see adjustments as we’re seeing in Chile, but again, I don’t think a country with a history of mining that they’ve had, where they haven’t punished any company to that extent or nationalist previously, I don’t see anything like that on the horizon. I refer back to we’re trading now and we’ve got a drill turning next week, if we felt there was any kind of serious risk as prudent business people, we would pull back and wait, but we’re not, we’re going full steam ahead. And we have that confidence and we’re trading now and family members are accumulating shares and that’s where my family is at today, they’re doing that with the political in the background, they’re doing that with everything going on and they wanted some shots at this thing because we think that’s been given a lot of attention for a good reason but we don’t think it’s going to be as bad as advertised going forward. Thank you.
