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A real General
He made a good points and gives the run down as a military, not a clueless activist. We are still in Korea after Korea, we are still in Europe after Europe and still in Japan protecting Japan he didn’t mention. But.. we pull out of Afghanistan and now Al Qaeda will merge with the Taliban.
Gen. Jack Keane points out ‘factual inaccuracies’ in Biden’s Afghanistan speech – YouTube
HUI
Hope it stops in the 240 area. If not, next stop is 150.
Mr.Copper @ 12:35
Ya that’s it. They are just using up all the old crap.
You are a funny guy.
No wonder we are in so much trouble.
Buygold
It truly is beyond comprehension.
The old options trader in me almost think that the big $ has had one giant buy-write on ( where one is long the underlying component; Gold, and short the mining stocks). If has worked like a charm for quite some time.
@Buygold re your: “15 years ago the HUI was over 600, now it’s less than half with gold up 200%”
What you just posted, confirms that Gold Bullion has outperformed the shares. I guess physical bullion doesn’t get bought or sold so often, more of a buy and hold. Who the hell flips in and out on Bullion? Its too much trouble.
The “shares” are like highly leveraged futures contracts. They can go way way up, or way way down opposite the news, the US dollar, or the price changes with Spot Gold etc. And very easy to get in and out with a mouse click. So its more emotional.
P.S. I just took a look my chart that starts at the $1,096 gold low 1/1/2016. The HUI is showing a 120% gain, where as Spot Gold is showing a 60% gain. So holding on to the miners ETF did in fact out perform the Gold bullion. From the Bottom 5 years ago.
HUI WAS 220% higher in mid 2020. So it zig zagged down from 220% up down to 120% up today. We were FLYING the first half of 2016, then Trump eased everyone’s fears, and we DROPPED from mid’16 until Sept 2018. Then early 2020 the covid blasted us.
You need to have a long term chart back to the bottom, with overlay to see the overall picture or perspective.
Well it appears
We are in another endless bottom in the pm shares. Throw the dice, see where it stops. 15 years ago the HUI was over 600, now it’s less than half with gold up 200%
Unbelievable.
commish @ 12:29… Who am I to judge? I never tried “it”…or the “vaccine”…. and pretty sure I never will….
…..but if there was a gun to my head…. and I had to pick one…… I have no doubt about my choice…do you??? Didn’t think so…. but that’s NOMB!! LOL!!!
@Richie, I Think They Made Too Much Vaccine And Going Nuts Trying To Get Rid of it.
The same think with all those FEMA Trailers they built after a big storm. Acres of them never got used.
Parts:
WASHINGTON – Stored in such places as the vacant land near an airfield in Hope, Ark., an industrial park in Cumberland, Md., and a warehouse in Edison, N.J., are the results of one of the federal government’s costliest stumbles in the aftermath of Hurricane Katrina: tens of thousands of empty trailers.
The Federal Emergency Management Agency hurriedly bought 145,000 trailers and mobile homes just before and after Katrina hit, spending $2.7 billion largely through no-bid contracts. Now, it is selling off as many as 41,000 of the homes, netting, so far, about 40 cents on each dollar spent by taxpayers.
Thousands more – critics say more than 8,000 – have never been used and cannot be sold immediately, even though scores of people in the South have been made homeless by recent storms.
https://www.spokesman.com/stories/2007/mar/08/fema-selling-thousands-of-unused-trailer-homes/
Compounding the waste is the knowledge the federal government auctioned off disaster-response trailers at fire-sale prices just before Harvey hit, according to an Associated Press investigation. More than 100 2017-model FEMA trailers were sold during the two days before the Category 4 hurricane landed in the Gulf Coast for less than $5,000 apiece.
Chairman Of The
Joint Chiefs of Staff
The $64 Question: COVID I Versus COVID II: How Far Down Will Oil Go, How Far Up Will the Dollar Go.
Some of these energy stocks have high dividends, like EPD 8.42%, NGG 8.10%, ENLC 7.84%, XOM 6.6%, CQP 6.32%, CVX 5.71% and many more on the way to HAL at 1.00%.
5 year energy: https://finviz.com/futures_charts.ashx?t=ENERGY&p=m1
5 year US Dollar: https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=m1
5 year Metals: https://finviz.com/futures_charts.ashx?t=METALS&p=m1
Some metals miners with dividends, DRD 6.78%, SBSW 6.48%, IMPUY 6.15%, SCCO 5.87%, BTG 4.26%, CMCL 4.23%, AUY 2.48%, AEM 2.49% plus others.
Re Strong Dollar Policy Lately, Its Good For Cheaper Gasoline, Diesel, and Industrial Metals, bad for our Exporters
Just when we hear about massive infrastructure spending, that will need lots of steel or Iron Ore, and steel and steel miner prices start climbing, strangely, along comes a stronger Dollar to knock down the demand price. This investing game is acting like one of those carnival games.
Buygold @ 10:44
A lot of the dangerous monetary policies come straight from Puppet Biden’s desk. Look at the trillions they want to spend and think nothing of it. Big inflation is coming.
Sure seems like deliberate policies to sink the country to me, then in the chaos the socialists can come across as saviors. Lots going on which is destructive of personal freedom.
@ipso facto re Resource nationalism “If You Were Getting Away With Something Its Going To End” Quote Mr. Copper 2009
We discussed this a few times in the past. After 2008, everything is changing. Bernie Madoff was the first example. Even after 9/11/01 I knew globalization peaked, the world would change, and the attack exposed only one of its defects, gleeful open borders. 9/11 pretty much cause 2008. A confirmation the old 1913 system was waning.
Just like Trump wanted to take America back, and N. Vietnam wanted S. Vietnam back, and the Taliban want to take Afghanistan back, there are many countries getting smart, and don’t want to be taken advantage by foreign nations anymore. Basically, mining businesses that are Canadian, or USA “got away with” mining in other countries, and they just have to pay more, which is better than outright nationalization, which might come 10 years later.
The Internet is another big thing that has fowled up TPTB. The backward people in backward countries are learning and have starting going forward.
Ipso
When I see the term “resource nationalism” I think Socialism. OTOH, Trump brought back so many of our industries- oil, coal etc.
The difference of course is that Trump used private industry.
Now we look at Biden and he’s crushed our ability to be self sustaining, and not only that, he’s given industry around the world to crush our economy through inflation. High gas prices etc.
Nothing Biden has done has been good for the US. What the hell is happening?
Resource nationalism sweeps Latin American top mining countries
A move towards resource expropriation, tax and royalty increases, as well as demands for local participation in companies’ ownership, all resource nationalism components, continues to increase, with Latin America taking centre stage, a new study shows.
According to the latest report from risk consultancy Verisk Maplecroft, there is a clear four-year trend in minerals-rich nations to seek greater control over the revenues generated by their natural resources, which is expected to worsen in the next two years.
The consultancy identified 66 countries out of the 198 included in the resource nationalism index (RNI), or 33% of them, that have tightened the grip on their riches since 2017.
Latin America is the jurisdiction where risks of expropriation and taxes hikes have increased the most, the study says. Mexico stands out as seeing the nation where the risks have climbed the most, driven by López Obrador administration’s nationalist agenda that wields community and environmental arguments as justification for greater state involvement in the extractive sector, Verisk Maplecroft says.
Resource nationalism sweeps Latin America’s top mining countries
Wishful thinking?
With the efficacy of the vaccines decreasing perhaps their damaging affects are decreasing as well. Maybe the body can heal itself to some degree.
DR. ROGER HODKINSON: “IT’S ALL BEEN A PACK OF LIES”
The credentials don’t get better than this. WAKE UP PEOPLE!!