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Massive Friday PPT Fail with Nick Santiago (Ep #288)

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.

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Triple Lutz Report #487 – Financial Survival Network’s 10 Anniversary

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!

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Has the Uranium Worm Turned? with Justin Huhn

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.

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What Does Inflation Really Mean? with Octavio Marenzi

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.

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Kiss the Old Normal Goodbye, and Embrace the New Normal with Charles Hugh Smith

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 obsolesce 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?

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Gold Terra Resources Find More Gold in Yellowknife

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.

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Ripple or Bust with Michelle “Mish” Schneider

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.

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Silver One is Moving Towards Production with CEO Greg Crowe (25-Minute Presentation)

from Mining Stock Education

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.

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Time to Get Defensive with Phillip Streible

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.

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The FBI’s Mafia-Style Justice: To Fight Crime, the FBI Sponsors 15 Crimes a Day

by John W. Whitehead
The Rutherford Institute

“Whoever fights monsters should see to it that in the process he does not become a monster.” – Friedrich Nietzsche

Almost every tyranny being perpetrated by the U.S. government against the citizenry—purportedly to keep us safe and the nation secure—has come about as a result of some threat manufactured in one way or another by our own government.

Think about it.

Cyberwarfare. Terrorism. Bio-chemical attacks. The nuclear arms race. Surveillance. The drug wars. Domestic extremism. The COVID-19 pandemic.

In almost every instance, the U.S. government (often spearheaded by the FBI) has in its typical Machiavellian fashion sown the seeds of terror domestically and internationally in order to expand its own totalitarian pow

Continue Reading at Rutherford.org…

Biden EU Disaster Trip, Vaccine Updates, Fed Stokes Inflation

by Greg Hunter
USA Watchdog

Vice President Biden went to Europe this week for the G-7 and a big meeting with the person Biden called a “killer” aka Vladimir Putin, President of Russia. The G-7 meetings the public was allowed to see showed a weak and mentally lacking Biden. He had cheat sheets to remind him to blame Trump for everything. (I kid you not. There are photos.) His handlers shouted down reporters asking off-script questions, and Biden even started calling President Putin by the name Trump and caught himself mid-word. Biden was exposed as the incompetent and illegitimate imposter, and America suffered for it. President Putin stuck it to Biden in an interview where he called Trump “talented” and “extraordinary” unlike “career man” Biden. Ouch!!!! In short, VP Biden’s trip was an unmitigated disaster for “We the People.”

There is more news about the CV19 vaccinations that the mainstream media and RINO’s like Ohio Governor Mike DeWine say are safe. DeWine wants to mandate them and force the experimental jabs on people. He’s the idiot with a lottery to bribe people to get the experimental Jab. The Vax is anything but safe, and the death and injury numbers prove it. That’s not stopping Vax makers from arm twisting to get the Vax totally approved by the FDA. It’s being fought by medical people who have still not been bought off by Big Pharma.

Continue Reading at USAWatchdog.com…

Scientists Admit Lab-Leak Hypothesis Was Valid Last Year, but Kept Quiet Because of Trump

from Zero Hedge

Last month, a group of 18 scientists published a letter calling for a deeper investigation into the origins of COVID-19 which would give serious consideration to the lab-leak hypothesis – which posits that the virus escaped from the Wuhan Institute of Virology.

[…] Now, several of those scientists, including MIT and Harvard geneticist Alina Chan, admit that scientists avoided the lab-leak hypothesis because they didn’t want to be associated with then-President Trump, according to NBC News.

Chan said there had been trepidation among some scientists about publicly discussing the lab leak hypothesis for fear that their words could be misconstrued or used to support racist rhetoric about how the coronavirus emerged. Trump fueled accusations that the Wuhan Institute of Virology, a research lab in the city where the first Covid-19 cases were reported, was connected to the outbreak, and on numerous occasions he called the pathogen the “Wuhan virus” or “kung flu.”

Continue Reading at ZeroHedge.com…

Analyst Mike Mayo’s “Dose of Heaven” Prediction Turns to Hell for the Banks On Thursday

by Pam Martens and Russ Martens
Wall Street on Parade

Wells Fargo bank analyst Mike Mayo appeared on CNBC this morning to paint a rosy picture for how banks would be treating the Fed’s less than dovish statement yesterday. Mayo said this about the banks:

“Back in the 70s or even 1994 the inflation caused unrealized securities losses, derivatives losses, asset/liabilities mismatches. So too much inflation is hell for banks. But we think what’s happening now is a dose of heaven. And so higher rates sooner can allow banks to finally earn more money on all those deposits that they’ve gathered. And so this means that assets reprice faster than their liabilities.”

What actually priced much faster than either assets or liabilities were the share prices of the mega banks on Wall Street. The cheery words had barely left Mayo’s tongue before the biggest banks on Wall Street went into a sharp swoon. His employer, Wells Fargo, fared worst of all. By 12:39 p.m. this is where things stood: Wells Fargo (WFC) was down 4.79 percent; Citigroup (C) was off by 4.22 percent; Bank of America (BAC) had lost 4.11 percent; Morgan Stanley (MS) had given up 3.93 percent; Goldman Sachs (GS) shaved 3.33 percent while JPMorgan Chase gave up 2.92 percent.

Continue Reading at WallStreetOnParade.com…

Holy Moly, Fed’s Reverse Repos Spike to $756 Billion, Undoing Six Months of QE. In Opposite Direction, Fed’s QE Pushes Assets Past $8 Trillion.

by Wolf Richter
Wolf Street

Yesterday, the Fed raised its interest rate on overnight reverse repos, and this morning, a giant sucking sound of cash.

The Fed sold a record $756 billion in Treasury securities this morning in exchange for cash via overnight “reverse repos.” This was up by a stunning 45% from yesterday’s operations of $521 billion. There were 68 counterparties involved. Yesterday’s overnight reverse repos had matured and unwound this morning, to be more than replaced by today’s tsunami.

During the period starting in 2014 and then abating with the Fed’s quantitative tightening in 2018, the US financial system was also creaking under a massive amount of cash following years of QE, and the Fed drained some of that cash out via reverse repos. There too were spikes, but they came at the last day of the quarter, and particularly at the end of the year.

Continue Reading at WolfStreet.com…

85% of Liberal Students Think Professors Should Be Reported for Offensive Comments

A new survey of students’ free speech attitudes has both encouraging and worrying findings.

by RobSoave
Reason.com

While most students think their professors adequately encourage diverse viewpoints in the classroom, don’t want speakers disinvited from campus, and are comfortable sharing controversial opinions, 85 percent of liberals think professors who say something offensive should be reported to the university.

That’s according to a new survey of student attitudes conducted by North Dakota State University’s Sheila and Robert Challey Institute for Global Innovation and Growth. Many of the results were positive: Most students—both liberals and conservatives—said their professors create environments that allow for many different viewpoints to be shared. Large majorities also opposed the rejection of controversial speakers from campus.

In general, conservative respondents were more supportive of free speech norms—and also more fearful that they would be punished for speaking up—than liberal students. But on many questions, majorities of both groups responded the way a free speech supporter would.

Continue Reading at Reason.com…

The FBI’s Role in the January 6th Capitol Fracas is Absolutely Disgusting

by J.B. Shurk
American Thinker

Do you remember how conservatives went out of their way to separate rank-and-file FBI agents from the corrupt actions of Jim Comey, Andrew McCabe, Bill Priestap, James Baker, James Rybicki, Peter Strzok, Lisa Page, and others as more evidence came to light revealing that the top brass at the bureau had worked to create an “insurance policy” that could be used to overthrow President Trump from office? Writers and television pundits would always couch any criticism of the bureau in some respectful language like “we’re only talking about high-ranking officials here, not the FBI, itself, which is filled with the best agents in the world who are always looking out for America.”

I think we can dispense with the overly protective pleasantries at this point. The FBI is a goon squad of un-American thugs who have taken the worst elements of East Germany’s Stasi police state and Cosa Nostra’s organized crime and turned them into a blueprint for exercising and keeping illegitimate power over their enemies. They aren’t a law enforcement organization, and they certainly don’t give a rat’s rear end about justice. They’re regime enforcers with badges.

Continue Reading at AmericanThinker.com…

Consent of the Governed?

by Robert Higgs
Mises.org

What gives some people the right to rule others? At least since John Locke’s time, the most common and seemingly compelling answer has been “the consent of the governed.” When the North American revolutionaries set out to justify their secession from the British Empire, they declared, among other things: “Governments are instituted among Men, deriving their just Powers from the Consent of the Governed.” This sounds good, especially if one doesn’t think about it very hard or very long, but the harder and longer one thinks about it, the more problematic it becomes.

One question after another comes to mind. Must every person consent? If not, how many must, and what options do those who do not consent have? What form must the consent take — verbal, written, explicit, implicit? If implicit, how is it to be registered? Given that the composition of society is constantly changing, owing to births, deaths, and international migration, how often must the rulers confirm that they retain the consent of the governed? And so on and on. Political legitimacy, it would appear, presents a multitude of difficulties when we move from the realm of theoretical abstraction to that of practical realization.

Continue Reading at Mises.org…

Who is Really Killing American Democracy?

by Patrick J. Buchanan
LewRockwell.com

By a vote of 30-1 in the House, with unanimous support in the Senate, Juneteenth, June 19, which commemorates the day in 1865 when news of Abraham Lincoln’s Emancipation Proclamation reached Texas, has been declared a federal holiday

It is to be called Juneteenth Independence Day.

Prediction: This will become yet another source of societal division as many Black folks celebrate their special Independence Day, and the rest of America continues to celebrate July 4 as Independence Day two weeks later.

Why the pessimism? Consider.

Days before Congress acted, the Randolph, New Jersey, board of education voted to change Columbus Day to Indigenous Peoples Day. A backlash ensued, and the board quickly voted to rescind its decision.

Continue Reading at LewRockwell.com…

The FOMC Policy Statement and Kabuki Theatre

by David Kranzler
Investment Research Dynamics

The FOMC statement and Powell’s presser is being marketed as “more hawkish.” But I do not see remotely the appearance of a “more hawkish” tilt, let alone any substance to back that assertion.

The Fed may or may not raise the Fed funds rate one-half of one percent in 2023…50 basis points – maybe. This would be dependent on more economic improvement and “the Committee’s assessment of maximum employment and price stability goals.”

Please define “maximum employment.” Prices are already unstable and will become more unstable. The lack of definition for the events that would trigger rate hikes is intentional. It removes any degree of accountability and it allows the Fed to move the “goal posts” capriciously.

Continue Reading at InvestmentResearchDynamics.com…

Bitcoin and Its Fellows: Toys for the Wise, Investments for the Foolish

by Hugo Salinas Price
Plata.com.mx

Some people like to play with danger; they get a thrill out of snatching Life out of the Jaws of Death.

Look at the videos of surf-boarders: mounted on their boards, they rush at break-neck speed down absolutely mountainous waves which break thunderously as they reach the shore. Surf-boarders do this, because of the thrill of cheating Death of themselves as its victims.

There are endless ways of getting the thrill of cheating Death of its victim.

One of them is to play with the danger of Bitcoin – supposedly a “digital currency”. Those who are wise know the danger of playing with Bitcoin, but that doesn’t put them off, on the contrary, the danger incites their participation in the game, they love the thrill!

Bitcoin is not money, it is not a currency, it is only a digital game – a game that consists of accumulating electronic digits, which are supposed to represent Dollars, or some other empty – supposedly “monetary” – digits.

Continue Reading at Plata.com.mx…

Fed’s Projections Are Just a “Thought Bubble”

by Kris Sayce
Casey Research

Let’s see if you’ve been paying attention.

Are you ready for a test?

What are the two things (the only two things) that move markets?

Have you got it?

We wrote about it on June 1.

The answer is below…

If this is your first time reading the Dispatch, welcome. If you’ve tuned in before, welcome back.

We have two main goals here:

Continue Reading at CaseyResearch.com…

Ex-Obama Doctor Torches Biden in Brutal Letter, Demands Biden ‘Submit to a Cognitive Test Immediately’

by Ryan Saavedra
Daily Wire

Rep. Ronny Jackson (R-TX), the former White House physician for former Presidents Barack Obama and Donald Trump, sent a letter to Democrat President Joe Biden on Thursday demanding that Biden immediately submit to a cognitive test because his “mental decline and forgetfulness have become more apparent over the past eighteen months.”

The letter — which was signed by more than a dozen other lawmakers, including by another physician and a dentist — told Biden that he should “follow the precedent set by former President Trump to document and demonstrate sound mental abilities.”

Continue Reading at DailyWire.com…

A Parent-Led Rebellion Against Critical Race Theory is Storming School Boards Across the Country

A parent-led rebellion against Critical Race Theory is storming school boards across the country and demanding accountability for what is being taught to American children.

by Mary Margaret Olohan
DailyCaller.com

A parent-led rebellion against Critical Race Theory is storming school boards across the country and demanding accountability for what is being taught to American children.

At least 165 local and national groups have formed to combat Critical Race Theory (CRT) instruction in schools across the U.S., an NBC analysis found. Many of these groups were founded by parents appalled to discover what was being taught to their children. Their advocacy has launched small town CRT debates onto the national stage, spurring far-left activists and establishment media outlets to accuse conservatives of ignorance and in some cases, racism.

“Parents are right to revolt against critical race theory in the classroom,” senior fellow at the Manhattan Institute and anti-CRT writer Christopher Rufo told the Daily Caller News Foundation.

Continue Reading at DailyCaller.com…

Portland Riot Team Disbands After Member Indicted for Striking Antifa Rioter

by Bob Price
Breitbart.com

The entire Portland Police Bureau Rapid Response Team voted to disband their group after a grand jury indicted one of their officers for allegedly striking an Antifa rioter last summer.

A statement released by the Portland Police Bureau on Wednesday night revealed that officers serving in voluntary positions with the Rapid Response Team resigned and “no longer form a team. The officers and sergeants remain in their regular duty positions within the bureau.

[…] “The Rapid Response Team is an all-hazard incident response team that has received advanced specialized training to respond to incidents requiring higher levels of technical expertise including public order policing, natural or man-made disasters,” police officials stated. “The primary role has been to provide public safety at crowd events when there was a threat of harm to the community.”

Continue Reading at Breitbart.com…

Farmers Blame the Feds: The “Government Stole Our Water!”

by Mac Slavo
SHTF Plan

Farmers in the United States have reached a breaking point. They now say that what the government has done has been so disastrous that they are willing to stand off with the Feds.

Farmers in Oregon are protesting because they own the water in the Upper Klamath Lake, farmer Dan Nielsen told RT’s Ruptly video agency. He stood outside an American flag-colored tent that was set up next to the canal headgates, which control the flow of irrigation water from the lake. “It’s ours and the federal government actually just stole it. No due process of law, no compensation,” Nielsen said, adding that federal officials had violated the locals’ property rights guaranteed by the US Constitution.

Are people really just now figuring out that the government, doesn’t care about the Constitution?

Continue Reading at SHTFPlan.com…

Pandemic Emergency Spending Riddled with Fraud

by Daniel J. Mitchell
The American Institute for Economic Research

Politicians and bureaucrats are (self-interested) conduits for taking money from one group of people and giving it to another group of people.

Milton Friedman famously explained that this is why they largely don’t care about how much money is spent or how effectively it is spent.

No wonder government programs, agencies, and departments waste so much money, year after year, decade after decade.

This observation about careless profligacy also applies to so-called emergency spending.

I’ve repeatedly written about the perverse impact of unemployment benefits that are so excessive that people have big incentives not to work.

Continue Reading at AIER.org…

St. Louis Couple Charged Over Confronting BLM Protesters Pleads Guilty, Forfeits Guns

McCloskeys said they felt threatened after protesters broke down the iron gate to the private community & ignored no-trespassing signs. Seized guns set to be destroyed, according to reports.

by RT
Info Wars

Mark and Patricia McCloskey, the St. Louis, Missouri couple filmed brandishing a rifle and a handgun at angry protesters that broke into their gated community last June, have agreed to pay fines and forfeit their weapons.

On Thursday, Patricia McCloskey pleaded guilty to misdemeanor harassment and was given the maximum fine of $2,000. Her husband Mark pleaded guilty to misdemeanor fourth-degree assault and accepted the $750 fine.

The handgun and the rifle that were seized from them will be destroyed, local media reported.

[…] The McCloskeys became internet-famous in late June 2020, when they were filmed confronting an angry crowd of Black Lives Matter demonstrators that had broken through a gate outside their home. At the time, St. Louis was engulfed in riots that had spread from Minneapolis, following the death of George Floyd during a botched police arrest four weeks prior.

Continue Reading at InfoWars.com…