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.
Jonathan Bell is an expert in Federal Employee litigation… Millions of People Will Be Paid Up To $200 To Get Their COVID Vaccine. Companies are offering incentives for their employees to get vaccinated. Kroger is giving its employees $100 in store credit plus a $100 payment, while Publix is offering its staff a $125 gift card to use in the store. Lidl is shelling out $200 to each employee who gets the vaccine, Instacart will provide its workers with a $25 Vaccine Support stipend, and Trader Joe’s will pay workers for two hours for each dose of the vaccine. It’s not just grocery stores either – Amtrak will give its employees the equivalent of two hours work for getting vaccinated. Darden Restaurants, which owns Olive Garden, LongHorn Steakhouse, The Capital Grille, Yard House and other chains will pay the equivalent of four hours work. Dollar General will do that as well. Chobani will pay the equivalent of six hours work, and McDonald’s will cover up to four hours of paid time off. Target is also paying the equivalent of four hours’ work and throwing in reimbursement up to $15 each way for workers who take Lyft to their vaccination appointments.
Gold Terra CEO David Suda (sponsor) joined us for an update. When we last spoke, the company had acquired a number of Newmont claims, which hadn’t been explored since the 1960’s. This in an area that had produced over 14 million ounces. Of that 5 million came out of the Campbell Shear alone. It took 9 months to close the deal, but it was well worth their time.
Drilling began in January of 2021. To date, they’ve received assays on 6 of 13 holes drilled. The two most significant intersected 5.77 g/t Au over 12.35 meters, including 14.09 g/t Au over 4.65 meters, and 5.69 g/t Au over 1.50 meters and .871 g/t over 3 meters. David is extremely excited by these developments and is anxiously awaiting the remaining results. It appears that the mineralization is consistent with that found in the prolific Con Mine, which could well presage a major discovery. A fully-funded 10,000 meter drill program is set to start in July.
This month was also significant for Gold Terra as they upped their 43-101 resource estimate for the Sam Otto and Crestaurum deposits to 1.2 million ounces inferred, an over 60 percent increase from the 2019 resource estimate. And of course, the potential is there for substantial further additions.
Executive Chairman Gerald Panneton and David have delivered upon their promises. Now, it’s just a matter of time before the market recognizes the inherent value present and resets the company’s valuation higher, which is why we’re even more optimistic shareholders than before.
Daniel Joseph has been doing business in China for more than 20 years and lived there for 12 years. He runs The Global Dashboard and China Learning Curve. Today we ask, will China invade Taiwan, and what’s going on in the South Sea? They’re pushing things so far, all of their neighbors are up in arms. Everyone is banding against China. South Korea is worried, Vietnam, the Philippines and others are enraged. Under prior leadership China was dedicated to advancing their economy and not interceding in international affairs. Now all that’s changed. No rule of law, when it comes to managing their economy and their currency. If it doesn’t liberalize further, it’s not going to advance further. Their currency and their economic policies are failing miserably.
Michael Pento notes that the stock market’s capitalization is 200% of GDP. Margin debt has never been higher. Is the party over? If you listen to the Fed they claim that inflation is transitory. YOY inflation was 2.6%. Core inflation was under 2%. The Fed doesn’t even look at consumer price inflation. Everything is a substitute for everything else. The Fed’s mandate is stable prices, haha. Next month’s CPI will be over 3%. Exploding earnings and growth in GDP this quarter and next and then we roll over. Whatever happened to zero inflation targets. $7 trillion dollars of new money printed and keeping interest rates below 1%, what could possibly go wrong. Market and economic chaos is inevitable. The middle class is being hollowed out and thus the country with it. Bubbles getting ready pop all over. It only benefits the wealthy and those who work from their homes. Job losses aren’t being reversed. It’s been the worst of times for the middle class, thus engendering further chaos. It’s a volatile and incendiary. Is the pandemic going to end this summer. Bad Vaxx news, J&J vaccine causing blod clots in 6 women. It’s temporarily suspended. Vax skeptics are jumping all over it. Why suspend the vaccine for 6 out of 17 million people getting ill. China vaccine not working well. If the virus is running rampant, can growth and inflation continue. It’s going to drop off in 2021 and 2022. You’ve gotta invest somewhere. Michael is more concerned about the government’s reaction to the virus than the virus itself.
The esteemed financial expert Martin Armstrong joined us today. He pointed out that his computer forecasted Panic cycles are showing events happening in 2022 and 2024. Martin discusses the beginnings of the pandemic and Build Back Better slogan that happened a year before anyone even heard of Covid-19. On the topic of cryptos, he believes that cryptos have been propagated by the government to get people familiar with and used to digital currencies an effort to eliminate paper currency. Confiscation is coming. Martin doesn’t believe that any country will allow a competing currency to exist. Martin’s bitcoin report was shutdown in Europe for the merely mentioning it. All credit card sales were shut down. Gold and silver will repeat the cycle when Russia invaded Afghanistan and hit its previous high. Will the Chinese then march into Taiwan. This appears to be shaping up for May. Gold is now being fully tracked by the government. It’s not being done with silver. Martin questions, “If they’re tracking gold this carefully, will they really allow Bitcoin to persist.”
John Rubino is back for another weekly installment… The new time dated Digital Yuan, the war on cash enters a new phase. Cash will now expire on a specific date or will start to lose value over time. It’s going to completely replace the paper Yuan. In this way demand gets stimulated. Saving is bad because it empowers individuals. How are you going to stash digital currency into a digital mattress. Las Vegas Musk’s Boring Tunnel System. The beginning of a major transition. Humans are going underground. The world becomes a national park. Minneapolis Chauvin trial surprises. Who’s side of the trial is the prosecution on? Real estate prices picking up in NYC and New York’s Self-Immolation. They’re assuming that the Federal government will raise the SALT cap, which doesn’t look too likely. Perhaps the minimum income tax proposed by Yellen is really intended for the states. A way to hit Florida and Texas and other states with no income tax. Uniformity of economic and tax policy across the country is becoming a possibility. March deficit blow out. Expenditures are 3.5 times tax receipts, sounds like a real sustainable trend, doesn’t it? EV’s are taking off. Another sign we’re in a bubble. Sub-prime auto loans are crashing while auto sales are spiking. Doesn’t sound like they should be happening at the same time. Reddit traders thing of the past? A real lottery ticket for long suffering shareholders. What’s the crappiest stock you can buy that the Redditor’s.
Rob Kirby returns… China has thrown its weight behind settling its oil purchases from Iran and Venezuela in cryptos. This explains why cryptos have taken off and gold/silver have remained in the dumps. This is de-dollarization in a big way. Dollars are of no use to Iran and Venezuela. They’ve been cut off from Swift and there’s nothing to be gained. The Chinese found a work around. This will heighten cryptos and make the prices go much much higher. The crypto is getting recycled back to China in the form of goods purchased. All brought on by American sanctions. Trading in gold isn’t a viable option. The net result is a weaker dollar and the oil continues to flow. The mainstream press is avoiding the story. The US Dollar is on its way out as the reserve currency. The direction is clear. Rob believes that eventually we will return to a currency that will be based upon something tangible.
Gerald Celente is holding a freedom rally in Kingston on Memorial Day. Join him there. It’s time for people to stand up for what they believe in. Beware of vaxx passports. What about declining sperm counts? Gerald says, “Big Pharma is nothing more than a bunch of drug pushers.” He is a man born of freedom and was not put on this planet to take orders from garbage peddlers to serve their whims. He believes that markets will keep going higher in a Biden Bounce. Once interest rates go up, the whole thing implodes. Housing bust coming? Fake inflation numbers. Housing price increases don’t go into CPI. They deliberately hide the true inflation rate so they can have unlimited free money and put a lid on Social Security benefit increases. No real estate crash is coming because individuals are buying up houses to get out of the big cities. Millennials are now buying too. There’s never been anything like this before. The NYC Office vacancy rate is over 14%, a record high. They’re subleasing to get out. Big law firms no longer need all that space. Now they’re working from their homes. Commercial RE in all major cities is coming down big time. Ground level retail is empty. New York City is not coming back from this along with the other big cities. People are fleeing the big cities. Lots of empty ugly space. Newcomers to Kingston, Gerald’s hometown are fleeing NYC crime and the Coronavirus.
Jordan Roy-Byrne says that there’s no crash immediately ahead. The economy is like a giant aircraft carrier, it takes a lot of time turn around. Too much growth and too much money coming in. Twelve percent chance of a rate hike in December, despite their repeated denials to the contrary. Gold is heading upward with a resistance point of $1825. Miners are now leading the metals, which is what you want to see, especially at turning points. Dow Jones US Gold Mining Index has been leading for quite a while, a very positive sign. They led on the way down and are leading on the way up. And rate hikes are going to be the next catalyst. Tons of money being thrown at the economy. Pent-up demand is going to make the economic numbers soar. Optimism yes, but it might not yet quite be time. Better to be a little early. When gold hits $1950 it’s off to the races. This is going to launch and explode high. Gold to S&P at a 7 year low.
Tier One Silver (TSXV:TSLV ticker currently reserved) is a precious metals exploration company that was spun out from Auryn Resources on October 9, 2020. Tier One Silver is currently an unlisted reporting issuer that is in the final weeks before relisting. The company 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.
Curibaya is drill-ready will be drilled immediately after trading commences. 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.
Is the USA and Russia headed for war? The Russians are building up 40,000 troops on Ukraine’s Eastern border. There are also some 40,000 Russian troops in Crimea that Russia annexed in 2014. There are warnings from people like former Congresswoman Tulsi Gabbard of nuclear war that would cause dire consequences for all Americans. Some say Russia is preparing to invade Ukraine, but Russia says no, it is not. My question is: Why is all this flaring up now? Is it the weak dollar? Is the Election Fraud of 2020 about to get broken wide open? Who knows but something is up behind the scenes.
Project Veritas has done it again. It has caught on camera what many have long suspected–that CNN is just a “propaganda” operation to shape public opinion. One of its top managers says the goal for the so-called news organization was to get President Donald Trump out of office. This manager also admitted the network helps out Joe Biden and the Democrats on a routine basis. This is just the tip of the iceberg. I say it’s not only CNN, but other networks are really nothing but pure propaganda and, as President Trump said, the “Fake News is the Enemy of the People.”
Using an electro nic health records network we estimated the absolute incidence of cerebral venous thrombosis (CVT) in the two weeks following COVID-19 diagnosis (N=513,284), or influenza (N=172,742), or receipt of the BNT162b2 or mRNA-1273 COVID-19 vaccines (N=489,871).
The incidence of portal vein thrombosis (PVT) was also assessed in these groups, as well as the baseline CVT incidence over a two-week period. The incidence of CVT after COVID-19 diagnosis was 39.0 per million people (95% CI, 25.2–60.2). This was higher than the CVT incidence after influenza (0.0 per million people, 95% CI 0.0 – 22.2, adjusted RR=6.73, P=.003) or after receiving BNT162b2 or RNA-1273 vaccine (4.1 per million people, 95% CI 1.1 – 14.9, adjusted RR=6.36, P<.001).
Wait a second…. you said the vaccines are more dangerous yet the data says that Covid-19 is ten times as dangerous as the vaccine for the same condition. So how can the title of this article be correct?
Simple: For every reported infection somewhere around ten are not reported. Either they’re completely asymptomatic (about 30%) or mild enough that the person in question does not identify it as potentially Covid-19 and thus does not get tested.
In many ways, David Einhorn’s Greenlight appears to be back to its “new normal” – in a letter sent to investors, Einhorn writes that Greenlight again underperformed the market and returned -0.1% in the first quarter, badly underperforming the 6.2% return for the S&P 500 index, before proceeding to bash the Fed, broken markets, Chamath and Elon, the basket of short stocks and much more.
That said, even though as Einhorn writes Greenlight made only a handful of portfolio changes and essentially broke even, “a lot happened. In general, the investment environment – especially from mid-February through the end of the quarter – was favorable as value outperformed growth, and interest rates and inflation expectations rose.”
He then asks if the tide has finally turned from Growth to Value, noting that “after a very tough decade, we have only just begun a recovery as shown in this 45-year chart from Goldman Sachs research:”
Isabella Blagden’s 1869 novel The Crown of a Life wasn’t exactly a smashing success.
The book is actually pretty captivating. But literature at the time was dominated by titans like Dostoevsky, Tolstoy, Dickens, Bronte, Jules Verne, and George Eliot. And Blagden’s work didn’t stand a chance against such lofty competition.
That’s why few people today probably know her name or have ever heard of the book. But it does contain an important passage that has rung true for more than 150 years–
There’s a scene in her book where the protagonist Hugh Walsingham confronts Count Thurner about a diamond heist (I told you– it’s a real page-turner!). And in his response, Thurner states:
“If a lie is only printed often enough, it becomes a quasi-truth.”
The government better not ever stop dousing consumers with free money.
The latest wave of stimmies, this time $1,400 a pop, began to wash over our dear consumers in March, and they went out and spent it on everything in sight, except at grocery stores, as they’re still trying to use up their three-year supply of pasta and toilet paper. A few weeks ago, when I reported on consumer spending that had dropped in February as the $600-stimmies from December-January had run out, I predicted: “Waiting for a $1,400-stimmie WTF spike in March.” And what a doozie we got today.
Would you pay more than 100 million dollars for a single deli in rural New Jersey that had less than $36,000 in sales during the last two years combined? I know that sounds like a completely ridiculous question, but the stock market apparently thinks that deli is worth that much. On Thursday, the Dow Jones Industrial Average closed above 34,000 for the first time in history, and investors all over the country cheered. But this financial bubble is not real. It is a giant mirage that is built on a foundation of fraud. Investors have lost all touch with reality, and in this sort of euphoric environment a small deli in rural New Jersey can literally be valued at more than 100 million dollars…
As America exits the COVID-19 pandemic, demand for goods and services is surging—and triggering worries about inflation.
The consumer price index for March showed a 2.6 percent increase over the same month last year. That’s the largest year-to-year increase in prices since the summer of 2018, and significantly more than the 1.4 percent year-to-year increase that was being reported just two months ago. Meanwhile, the White House Council of Economic Advisors warned this week that “measured inflation” is likely to increase over the next few months. And the price of gasoline—perhaps the most obvious signal of rising prices, at least for those of us who don’t hold advanced degrees in economics—has been steadily marching upwards since the start of the year.
Should we be worrying about a return to the rampant inflation of the 1970s?
In recent years, it seems that the nation’s CEOs and billionaires are increasingly willing to drop the pretense that they are politically neutral entrepreneurs who simply want to go about their business.
Last week, for example, more than 100 CEOs met to plot ways to punish the people of Georgia by “stopping investments in states” that pass laws unapproved by the billionaire class.
This comes in the wake of a decision by Major League Baseball—a collection of billionaire-owned sports teams—to punish residents of Georgia for the fact a tiny number of politicians there passed legislation designed to lessen voter fraud. In retaliation, the MLB decided to move the league’s all-star game so as to deny the residents of Atlanta the economic benefits of hosting the game.
Oh wait…they’re already flying. Just ask for Epstein’s flight log. Then there are Airforce One, Uno, Eins, Un…well, government planes everywhere. The only annoying piggy who isn’t flying is Sweden’s resident evil. Not even Airforce Ett…Yet. Wonder if someone has been brave enough to needle her yet? One can only wonder what a teenage mutant Greta would look like.
The city of Asheville, North Carolina approved a measure giving its black residents certain benefits as reparations for slavery. Councilman Keith Young, who is black, referred to the “hundreds of years of black blood” that built the city. The mayor of Providence, Rhode Island issued an executive order to explore reparations for slavery. Governor Newsom of California has pledged to create a commission to consider reparations. And the Democrats’ bill in the House, H.R. 40, would establish a commission to study reparations, including “compensation” for slavery for “living African-Americans.” Indeed, many politicians are urging serious consideration of reparations for slavery. But really serious consideration would reveal both the flaws in its premise and the harm that it would produce.
A Flawed Premise
First, the flawed premise. The basic model for reparations is A wrongfully harms B, so A must compensate B and restore B to where B would have been had the wrong not been committed.
One of the main arguments being advanced by Eric Nelson, sole attorney for Derek Chauvin in his trial for the murder of George Floyd, is that the hostile crowd itself prevented the officers from attempting to perform CPR in the last minutes of Floyd’s life.
Even the prosecution’s “use of force” experts admitted repeatedly on cross-examination that a hostile crowd would justify Chauvin keeping Floyd restrained until an ambulance arrived. An officer’s duty to provide care is overridden by his duty to keep himself, the suspect and the bystanders safe.
As was evident from the videos (and admitted to by the bystander witnesses), they were shouting obscenities at the police, threatening them with bodily harm and, in a few instances, had to be held back from rushing the officers.
Controversial rapper Cardi B came out against defunding the police in a now-deleted tweet on Thursday night where she dismissed the idea as “bulls**t.”
In responding to a tweet that stated, “defund the police,” Cardi B said, “That’s bulls**t to me.”
“We need cops and that’s facts we just need strict laws for cops,” she continued. “If you shot somebody just like civilians you will go to jail that same day, get charge[d], wait for bond and go to trial. That will make you think twice about shooting anyone.”
[…] The person made the remark in response to something Cardi B stated prior where she brought up the recent shooting in Chicago where a 13-year-old was killed by police after he tried to run and was armed with handgun.
After a CNN reporter asked a protester in Brooklyn Center, Minnesota, if he planned on throwing his can of soup at the police, the protestor winked into the camera and said the soup was for his family.
“I’ve been here all four nights,” the protester told CNN’s Sara Sidner, according to a Twitter user. “I’m just standing here today with soup for my family and we’re just watching this all unfold. It’s very unfortunate.”
The California education department is considering implementing a statewide math framework that promotes the concept that working to figure out a correct answer in math is an example of racism and white supremacy invading the classroom.
The framework, titled “A Pathway to Equitable Math Instruction: Dismantling Racism in Mathematics Instruction,” is intended to be “exercises for educators to reflect on their own biases to transform their instructional practice.”
The “Equitable Math” website states its training manual was funded by the Bill and Melinda Gates Foundation, the primary private source of funding for the Common Core State Standards.
In the early days of the lockdown, Amazon experimented with curating which books they would and would not publish on the crisis. Or call it what it really is, given our times: censorship.
Among the first books hit was AIER’s own Coronavirus and Economic Crisis. The publication was delayed for weeks, then the Kindle edition was stopped for several more weeks. Still, the publication date is now listed as March 28, 2020, meaning that AIER had one of the first, if not the first, book out on the topic, just two weeks after the lockdowns began.
In the meantime, Amazon has loosened up, perhaps because the sales of a different point of view were potentially too lucrative to pass up.
Today, I am going to focus solely on the short-term technicals. We have covered the fundamental triggers sufficiently in prior articles. Sentiment has rebounded across the complex, which suggests the low is already in place but also maintains the possibility of a positively divergent lower low. Money managers and commercials are adding to their longs and shorts respectively, which is bullish for prices. The dollar and real yields are falling again. Everything is looking up, as I said back on March 11. All we need now is the break of key resistance to confirm the bottom is in.
A Facebook executive is now on record telling a whistleblower that “state-sponsored” (government-funded) disinformation meant that she had job security. Facebook allowed authoritarian governments (including the United States) to use the platform to generate fake support for their regimes for months despite warnings from employees about the disinformation campaigns.
An investigation fromThe Guardianrevealed this week that Facebook has helped keep governments intact, and the slavery of humanity ongoing. According to a report by Business Insider,a loophole in Facebook’s policies allowed government officials around the world to create unlimited amounts of fake “pages” which, unlike user profiles, don’t have to correspond to an actual person — but could still like, comment on, react to, and share content.
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