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What is Dr. Copper Telling Us? with John Rubino

from Kerry Lutz's Financial Survival Network

John Rubino returns… Inflation seems to be spreading. Houses are setting records (If CPI Measured Actual House Prices, Inflation Would Be 3% Right Now), and copper is crushing it. How many things have to be soaring before we’re in an inflationary environment? Still no action on stimulus and all kinds of benefits running out before year-end. Economy is starting to slow as people have to dig into savings to buy basics. Gold still falling. Where’s support? Does seasonality matter this year?

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Osino Resources – Exactly What to Look for in a Junior Miner with Heye Daun

from Kerry Lutz's Financial Survival Network

Osino Resources (sponsor) keeps hitting milestone after milestone, with no end in site. This is exactly what successful investors desire in an emerging junior miner along with being: well financed, well-run and an aggressive driller. To date, their Twin Hills Central project has yielded impressive results and now there’s a significant new discovery at the Clouds Target, which further enhances and validates Osino’s amazing potential.

If as expected, there’s significant mineralization between Clouds and Twin Hills, then the company will become a major success story. Osino’s CEO Heye Daun plans to grow the resource and he expects investors to be pleasantly surprised when it’s released in 2021. Osino is Daun’s third venture, and this one really seems to be the charm. Which is why, as shareholders we are extremely optimistic.

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Finding Value in an Over-Priced World with Dan Ferris

from Kerry Lutz's Financial Survival Network

According to Dan Ferris, editor of Extreme Value, intrinsic value has never changed throughout history. How you go about analyzing it is another story and it has changed much over time. Whereas, we used to use book value, asset value and other objective measures, now we look more to future events. The idea of reducing the value to book value or p/e no longer makes sense to Dan. The numbers are all history and they’re the result of actions taken by management in the past. This type of analysis can easily miss the boat. You look at what management did and ask if they can keep doing it or do it even better? Are there hidden assets that could be put to better use? Hidden assets tend to find you. Dan looks for optionality. The ability to grow over time even if it’s a wasting asset. Dan gives an example of finding companies that are rolling up their industry and consolidating it. Insurance and waste management are examples. You never know when a deal will come along that will transform the company. Dan is is industry agnostic and will examine any and all industries. Right now he’s avoiding commercial real estate and retail for obvious reasons. He’s North America focused but could go outside the US should the opportunity arise, but Dan is reluctant. And why should he, he’s found amazing success right here at home.

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Luminex Resources Expects to Have Four Drill Program Results in H1 2021 with CEO Marshall Koval and Leo Hathaway

from Mining Stock Education

In this interview, Luminex Resources CEO Marshall Koval and Senior VP Exploration Leo Hathaway provide a company update and explain why their massive Cascas gold-copper target so prospective.  Luminex will begin drilling the Cascas project in late 2020 or early 2021.  Marshall also shares an update on the company’s 5M+ AuOz Condor project as well as its two joint-venture projects with BHP and Anglo-American.  Marshall said that in H1 of 2021 Luminex should be producing drill results on up to four different projects.

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Triple Lutz Report #485 – Thanksgiving Edition

from Kerry Lutz's Financial Survival Network

First, to all FSN Community Members, Happy Thanksgiving! While we are certainly living through unsettled times, there are many reasons to be thankful and banish despair from our lives. Years later when I look back at this time, it will have proven to be an amazing time of growth on many fronts. Spiritually, emotionally and materially. Human growth and potential are harder to realize during the easy times. As I have repeatedly told my children over the course of their lives, you learn way more from failure than from success. I also want to share with you a recent discovery. I just came across the work of YouTube sensation Wim Hof. I have found his breathing exercises, when combined with my meditation practice, to be of immense benefit. It has revealed to me that in order to find true happiness, we must always focus within and act to lessen the impact of external affairs upon our lives. In other words, who is President should have no effect upon your internal state of joy. That’s a little more philosophical than I usually indulge in, but during these unprecedented times, there’s every reason to hope for and expect better times ahead. But as always, it must begin with a transition from within.

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Watch Out for the Turkeys with Nick Santiago (Ep #166)

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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Why the Gold Price Will Increase, No Matter What with Andy Schectman

from Kerry Lutz's Financial Survival Network

Andy Schectman, CEO of Miles-Franklin joined us. We’ve seen a rather rapid decrease in precious metals prices during the past week. But Andy isn’t concerned in the least. It’s just an effort by the bullion banks to squeeze out weak holders. But it’s destined to fail, because the people who actually take delivery from the Comex will not be cowed. They are family offices, hedge funds and sovereign wealth funds who understand that the time to buy gold is now. Andy explains that we are approaching contract expiration and that the goal is to stop this group from standing for delivery. It’s all part of an elaborate effort to stop the outflow of metals from the Comex. And it’s doomed to failure. Which is why the price for gold is going up no matter what.

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How Does the Gold Pull Back Affect Mining Stocks? with Jamie Keech

from Kerry Lutz's Financial Survival Network

Jamie Keech is a Vancouver-based financier with a background in mining engineering. The pull back in gold prices has been widely expected and anticipated. Gold bull markets don’t go up in a straight-line. Of course it’s painful to see your portfolio value go down quickly. But Jamie says that even at $1800 gold everything in mining stock portfolio is still worth holding on to. When it comes to Bitcoin vs. Gold, Jamie observes that there’s no leverage in BTC. Gold miners give an opportunity for major leveraged returns. While BTC has had a major move, it hasn’t gone up 100 or even 10 times. What we do know is that we don’t know what will happen with Bitcoin during these uncertain times. However, based upon history, we can get a very good idea what will happen to precious metals. And that’s why the case for mining stocks is so compelling.

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GR Silver Mining Discovers New Gold/Silver Mineralization with Marcio Fonseca, CEO

from Kerry Lutz's Financial Survival Network

GR Silver Mining (sponsor) currently has 20 Geologists working round the clock to expand their already impressive resource. Four drills are turning and more are on the way. The Company is proof that the harder you work, the luckier you get. While building a connector road to an underground access tunnel, the team came across some interesting geological samples. Upon closer look, they found extensive mineralization that should substantially add to their NI 43-101 resource. Marcio and the team are more excited than ever, and he believes they’re on the cusp to achieving their 100+ million ounce goal. GR is extremely well-financed, with C$8 million in the bank, so there’s need to go back to the market for additional capital to continue their aggressive drill program. Which is why we’re extremely optimistic and currently acquiring shares.

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Pennsylvania Lawmakers Formally Introduce Resolution to Dispute 2020 Elections Results

from Zero Hedge

Just as we previewed over the weekend, Republican state lawmakers in Pennsylvania on Monday introduced a resolution to dispute the results of the 2020 election.

As The Epoch Times’ Ivan Pentchoukov reports, the text of the resolution, first previewed in a memo on Nov. 27, states that the executive and judicial branches of the Keystone State’s government usurped the legislature’s constitutional power to set the rules of the election.

“Officials in the Executive and Judicial Branches of the Commonwealth infringed upon the General Assembly’s authority under the Constitution of the United States by unlawfully changing the rules governing the November 3, 2020, election in the Commonwealth,” the resolution (pdf) states.

Continue Reading at ZeroHedge.com…

Killing the Future: Covid Madness Will Lead to Half a Million Fewer U.S. Births in 2021

Analysts say this will have a long and profound impact on the economy for many years to come

by Steve Watson
Summit News

Research has concluded that the US will experience 500,000 fewer births in 2021, as couples choose not to have children because of the coronavirus fallout.

The findings by the Brookings Institute were published last week in the Wall Street Journal, which noted that there will be “between 300,000 to 500,000 fewer births in the U.S. next year, compared with a drop of 44,172 last year.”

The numbers equate to a 13% drop from the 3.8 million babies born in 2019.

The “analysis, partly based on what happened following the 2007-2009 recession, is that weaker job prospects equate to fewer births,” the report further notes.

“Women will have many fewer babies in the short term, and for some of them, a lower total number of children over their lifetimes,” the research, previously previewed in the Summer, noted.

Continue Reading at Summit.News…

Biden’s Female PR Team? Other Presidents Blazed That Trail

by Mark Weinberg
Real Clear Politics

Predictably, but unfortunately, the announcement from the Biden-Harris transition office that an all-female team would lead communications for the incoming president and vice president was considered news and praised for its supposedly historic significance.

It is a sad commentary that we still pay attention to the gender of people who occupy senior positions in the federal government.

Truth be told, Joe Biden will not be the first president to have a female serve as his chief spokesperson. That distinction goes to Bill Clinton, who appointed the widely respected Dee Dee Myers as his press secretary. He was followed in that regard by George W. Bush, who was ably represented by Dana Perino. President Trump appointed two women – Sarah Sanders and Kayleigh McEnany – to the role. The first president to have a woman communications director was Gerald Ford, who appointed Margita White. She was followed by 11 women in that role, under Republican and Democratic presidents alike. And there have been (and are) women on the Supreme Court, in the Cabinet, as speaker of the House, as governors, senators, representatives and in many other positions of importance in state and federal government. And we are weeks away from our first female vice president!

Continue Reading at RealClearPolitics.com…

Powell Stresses Importance of Lending Programs, Calls Economic Outlook ‘Extraordinarily Uncertain’

Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin are speaking before Congress this week as part of mandated updates on CARES Act funding.

by Jeff Cox
CNBC.com

Federal Reserve Chairman Jerome Powell emphasized the importance of the lending programs it has deployed during the coronavirus pandemic, telling senators in testimony to be delivered Tuesday that they’ve been integral in keeping the economic fallout from being worse.

Treasury Secretary Steven Mnuchin, who will appear twice on Capitol Hill with Powell this week, has said that the legislation that enabled the programs does not permit them to run past Dec. 31. The two officials are speaking as part of required updates on the CARES Act funding initiatives Congress passed to aid the economy through the pandemic.

Many of the key programs that the central bank has used since March are expiring at the end of the year, and the Fed will be forced to return the funding that supports them.

Continue Reading at CNBC.com…

The Financial Fire Trucks of 2021

by John Mauldin
GoldSeek

A Happy Thanksgiving weekend to all my US friends. This year was different for many of us—sometimes by choice, sometimes not. But there’s one bit of good news I think we can all share: The holiday season means 2020 is almost over. Soon, we’ll be able to turn the page.

[…] Each year at this time, I find myself recalling 2007, which was (so far) the most eventful Thanksgiving of my life. I told the story in my letter at the time, and today I am sharing it again. Interestingly, the lesson I drew from that harrowing experience once again applies. Indeed, the financial firetrucks are once again gathering around the world.

Read this, then I’ll be back afterward with some closing thoughts.

Continue Reading at GoldSeek.com…

Rand Paul After Fauci’s Latest Comments: He Owes Apology to ‘Every Single Parent and School-Age Child in America’

by Hank Berrien
Daily Wire

On Sunday, Kentucky GOP Senator Rand Paul, following Dr. Anthony Fauci’s statement on ABC’s “This Week” about prioritizing keeping schools open, stated that Fauci owes “every single parent and school-age child in America” an apology for prior statements.

“The default position should be to try as best as possible, within reason, to keep the children in school, to get them back to school,” Fauci told ABC on Sunday, as reported by The Hill. “If you look at the data, the spread among children and from children is not very big at all, not like one would have suspected. So let’s try to get the kids back. But let’s try to mitigate the things that maintain and push the kind of community spread we are trying to avoid. And those are the things you know well. The bars, the restaurants … those are the things that drive the community spread. Not the schools.”

Continue Reading at DailyWire.com…

Justice Barrett’s Vote Already Looking to Be Decisive in First Big Gun Rights Case in Years

by Brianna Lyman
DailyCaller.com

Supreme Court Justice Amy Coney Barrett could deliver a decisive vote in a case regarding gun ownership for non-violent felons if the case makes its way to the high court for review.

The Third Circuit Court of Appeals upheld a longstanding precedent on Nov. 24 that convicted felons are not permitted to possess firearms after Lisa M. Folajtar asked the court to decide whether Congress can prohibit individuals like herself who are convicted of tax fraud from legally owning a gun.

The appeals court ruled that they could find “no reason to deviate from this long standing prohibition in the context of tax fraud” and rejected her claim.

Continue Reading at DailyCaller.com…

In October, Money Supply Growth Remained Near All-Time Highs

by Ryan McMaken
Mises.org

In October, money supply growth fell slightly from September’s all-time high, although growth still remains at levels that would have been considered outlandish just eight months ago. October’s easing in money-supply growth comes after eight months of record-breaking growth in the US which came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages.

Historically, the growth rate has never been higher than what we’ve seen this year, with the 1970s being the only period that comes close. It was expected that money supply growth would surge in recent months. This usually happens in the wake of the early months of a recession or financial crisis. But it appears that now the United States is several months into an extended economic crisis, with around 1 million new jobless claims each week from March until mid-September. More than 6 million unemployed workers are currently collecting standard unemployment benefits, with eight million more collecting “Pandemic Emergency Unemployment Compensation.” Economic growth plummeted in the second quarter as GDP growth fell more than 9 percent.

Continue Reading at Mises.org…

Articles of Impeachment Filed Against Ohio Gov. Mike Dewine Over Abuse of Power During Coronavirus Pandemic

by Alana Mastrangelo
Breitbart.com

A total of 12 articles of impeachment have officially been filed against Ohio Gov. Mike DeWine over abuse of power during the Chinese coronavirus pandemic.

Ohio State Rep. John Becker (R) was joined by Representatives Candice Keller (R), Nino Vitale (R), and Paul Zeltwanger (R) in filing articles of impeachment against Governor DeWine, according to a report by Cleveland 19 News.

The representatives argue that DeWine has abused his power during the pandemic, noting that the governor vetoed Senate Bill 55 — and threatened to veto other General Assembly legislation, including Senate Bill 311 — which seeks to severely limit the governor’s power during a pandemic.

Continue Reading at Breitbart.com…

Bitcoin is Surging Because it’s “Hard” Money

by Chris Lowe, Nick Giambruno
Casey Research

Chris Lowe: Hey, Nick.

So bitcoin (BTC) is up 187% since you called it the “new crisis currency” and recommended it to your Casey Report readers June 2018. That’s a heck of a lot more than the U.S. dollar, or other fiat currencies.

You wrote one of the most interesting reports on bitcoin I’ve read in a long time. You make the case that the reason you want to own gold and bitcoin over government-issued currencies like the U.S. dollar is because they’re “hard assets.” They’re both hard to produce more of. That means their value can’t inflate away.

Gold is a physical thing. And a lot of folks view it as the hardest currency in the world. But you’ve been making the case that bitcoin is an even harder currency than gold, and potentially an even better store of value as a result.

Continue Reading at CaseyResearch.com…

Value is What I Say it is

by Joakim Book
The American Institute for Economic Research

As a profession centered around choice, prices, production, information and values, economics is not always particularly good on those topics. As the saying goes, “An economist is someone who knows the price of everything and the value of nothing.”

With the onset of subjective value theory in the late 1800s this ceased to be true ? or began to be true, depending on your point of view. From then on, economists overwhelmingly accepted that value is in the eye of the beholder; we don’t really care what you value and instead we take your preferences as given. As the old phrase goes, “There’s no accounting for taste.” You like what you like.

Continue Reading at AIER.org…

Vacancy Rate at Iconic Manhattan Tower with 899 Apartments Hits 26%: This Shows How Fast & Massive the Exodus Has Been

by Wolf Richter
Wolf Street

Then there’s the “single-asset” commercial mortgage-backed security (CMBS) backed only by the mortgage of this tower.

This is now happening in apartment towers in big densely populated cities around the US: Suddenly mind-boggling vacancy rates as a large number of tenants have left in recent months. And this is happening even at the best of them. And holders of the commercial mortgage-backed securities (CMBS) are waking up.

The iconic “New York by Gehry” 76-story tower on 8 Spruce Street in the Financial District of Manhattan, designed by architect Frank Gehry and built in 2011, with 899 apartments, plus an elementary school for 600 kids occupying the first five floors, had an occupancy rate of 98% in 2019. By September 2020, the occupancy rate had plunged to 74% – roughly 234 units of the 899 units were vacant!

Continue Reading at WolfStreet.com…

Will Anybody Besides Michael Flynn Get Mercy from Lame Duck Trump?

The president has the worst record for clemency in modern history.

by Scott Shackford
Reason.com

President Donald Trump gave Michael Flynn a reason to be thankful over the holidays, announcing late Wednesday he was pardoning his former national security adviser. As Trump’s administration wraps, will anybody else—especially anybody not directly connected to the president—get similar mercy?

Flynn pleaded guilty in 2017 to lying to the FBI about conversations with a Russian ambassador after Trump was elected but before Trump took office. Given the government’s failure to directly tie Trump’s administration to Russia’s attempts to influence the 2016 election, Flynn’s prosecution feel like a last-ditch effort to collect somebody’s scalp over all of what happened. It’s extremely unlikely, after all, that the U.S. will ever actually get their hands on the Russians who allegedly did attempt to meddle with the election.

Continue Reading at Reason.com…

Understanding the Head-Spinning Series of Court Orders in Georgia

by Andrea Widburg
American Thinker

If you’re wondering what happened in Georgia on Sunday, you’re not alone. A federal district court issued three different orders about county officials’ plans to wipe Dominion voting machines. Thankfully, the last order gets it right and stops Georgia officials from erasing information on voting machines at the heart of the debate about election fraud.

Word went out that Georgia officials were wiping Dominion voting machines in Fulton County, ostensibly to prepare them for the run-off election, which is more than a month away. In Coreco Ja’qan Pearson, et al. v. Brian Kemp, et al., a lawsuit seeking to stop Georgia from certifying the election, the plaintiffs filed an emergency request for injunctive relief to stop the deletions.

Judge Timothy C. Batten, Sr. issued an order stopping Union County officials from wiping voting machines:

Continue Reading at AmericanThinker.com…

Trump’s Female-Led Communication Dept. Slams Media for Celebrating Biden’s All-Female Team

by Damjan Tutarkov
LaCorte News

President Trump’s White House communications officials are not happy that Joe Biden is getting credit for assembling what his transition team and the media are describing as the first all-female White House communications team in history.

The story: Biden and vice president-elect Kamala Harris on Sunday announced they’ve appointed seven women to key communication positions in the White House who will “bring diverse perspectives to their work and a shared commitment to building this country back better.”

“I am proud to announce today the first senior White House communications team comprised entirely of women. These qualified, experienced communicators bring diverse perspectives to their work and a shared commitment to building this country back better,” Biden said in a statement Sunday.

Biden’s transition officials reportedly boasted that this was the first-ever White House press team that is entirely comprised of women.

Continue Reading at LaCorteNews.com…

Birx Says Those Who Spent Thanksgiving with Family Should Assume They Have Covid

[Ed. Note: Don’t worry, there’s a 99.99-somthing-% chance you’ll survive.]

by Mac Slavo
SHTF Plan

The fear-mongering and tyranny are on full display. Dr. Deborah Birx says that if you dared to celebrate Thanksgiving with those outside your household, you should assume you have COVID-19 and submit to an invasive test.

Birx, the coordinator of the White House Coronavirus Task Force, is doing her part to panic the public into submission over what’s turning out to be the biggest scam ever committed in human history.

“We know people may have made mistakes over the Thanksgiving time period,” Birx said in an interview with “Face the Nation.” “If you’re young and you gathered, you need to be tested about five to 10 days later. But you need to assume that you’re infected and not go near your grandparents and aunts and others without a mask.”

Continue Reading at SHTFPlan.com…

Coup in Congress: Schumer Demands Confirmation of Biden Cabinet Picks Before Inauguration

Unconstitutional action suggested by senator further evidence of ongoing Democrat coup against President Trump

by Jamie White
Info Wars

Senate Minority Leader Chuck Schumer called for the Senate to confirm Joe Biden’s Cabinet nominees BEFORE his potential inauguration on January 20, 2021.

“Everybody knows the Senate plays a pivotal role in confirming a new president’s cabinet,” Schumer said on the Senate floor Monday. “In the midst of this once-in-a-century crisis, it’s imperative the next administration can count on the Senate to confirm its cabinet without delay.”

[…] “Hearings on President-elect Biden’s nominees should begin in January immediately after the Georgia runoff elections,” Schumer said, referring to the two Jan. 5 elections that will decide which party controls the Senate.

Ignoring the ensuing legal battles over election fraud in the battleground states like Pennsylvania and Georgia, Schumer said the Senate should “follow precedent” and have Biden’s Cabinet members confirmed before January 20th.

Continue Reading at InfoWars.com…

We Haven’t Seen Extremes Like This in 15 Years

from King World News

On the heels of a wild day of trading, we haven’t seen extremes like this in 15 years.

EXTREMES: Overboard on options

November 30 (King World News) – This is a small portion of a timely report from Jason Goepfert at SentimenTrader: Ever since options speculation reached euphoric spasm in late August through early September, we’ve been closely watching this behavior.

It ebbed a bit in September as many of the call options lost all their value. It has been returning in recent weeks and the holiday-shortened upside bias led to more of the same…

Continue Reading at KingWorldNews.com…

Oh… Canada: Elderly Woman Euthanized to Avoid Anguish of Lockdown Loneliness

[Ed. Note: Ok, so… Just so I have this straight… They need to be isolated to keep them safe from covid-19, but a medically assisted suicide is still on the table, and doesn’t conflict with the goal of keeping them safe? Riiiight… We are a long, looong way down the road to hell.]

by Wesley J. Smith
National Review

An elderly Canadian woman was killed by her doctor because she would rather be dead than go through another COVID lockdown. When it looked like she would have to be confined to her room for two weeks, she asked for — and received — the lethal jab due to declining mental health and vitality. From the CTV story:

Russell, described by her family as exceptionally social and spry, was one such person. Her family says she chose a medically-assisted death (MAID) after she declined so sharply during lockdown that she didn’t want to go through more isolation this winter…

This time, doctors approved her. Russell would not have to go through another lockdown in her care home. “She just truly did not believe that she wanted to try another one of those two-week confinements into her room,” her daughter said.

But note, for her death, she could be surrounded by friends and family!

Continue Reading at NationalReview.com…