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Consumer Confidence, Inflation, Market Concerns and Strategies with Eddy Gifford

from Kerry Lutz's Financial Survival Network

Kerry Lutz and Eddy Gifford discussed the recent drop in Consumer Confidence numbers and the impact of inflation on individuals, highlighting the anger and dissatisfaction it’s causing. They also touched on the low satisfaction rate with the current administration and the impact of inflation on interest rates and the Fed’s actions. Eddy Gifford raised concerns about the potential risks associated with the stock market’s prolonged highs and emphasized the need for a trader’s mentality and diversification into alternative investments. The potential of precious metals and cryptocurrencies as hedges against mistrust and supply and demand stories was also explored. The conversation concluded with a focus on the flexibility and nimbleness required in investment planning to take advantage of the current market conditions.

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Fury Gold Dramatically Increases Gold Deposit Size

from Kerry Lutz's Financial Survival Network

Fury Gold Mines’ CEO Tim Clark, and Exploration SVP Bryan Atkinson (🇺🇸FURY — 🇨🇦FURY) gave us the latest sponsor update on the Eau Claire and Percival deposits. The resource estimate increased significantly: a 36% rise in measured and Indicated gold ounces and a 45% increase in inferred gold ounces at the Eau Claire deposit. Bryan explained the conservative methodologies used in these estimates and the vast potential for new discoveries within their expansive land package.

They detailed Fury’s future exploration strategy, including their focus on uncovering new gold deposits and a return to exploring Nunavut. Tim laid out his strategic plan for upcoming survey and geochemical projects, emphasizing how these efforts could lead to a re-rating and increase in the company’s market value.

Our discussion also covered the geological dynamics at play, including the steepening of vein geometries at Eau Claire and what this means for future efforts. With the Eau Claire and Percival deposits remaining open for expansion, they expressed their optimism about Fury’s positioning and growth potential in the current market. Of course, $2400 gold is the topic of the day and its positive effect on Fury’s economics, which keep getting brighter. With over $54 million in Dolly Vardon Silver shares and $5 million in the treasury, Fury’s enterprise value represents a steep discount, especially when considering ounces in the ground, which is why we continue to hold shares.

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Stagflation Reality Contradicts Biden/Powell’s Optimism with Ed Siddell

from Kerry Lutz's Financial Survival Network

Ed Siddell breaks down the recent market rebound in May following a challenging April. He discusses how Federal Reserve Chairman Jerome Powell’s assurances regarding stable interest rates have temporarily alleviated market fears, contributing to the rebound. However, Siddell points out a significant disconnect between Powell’s optimistic projections and the prevailing economic data indicating stagflation—a scenario combining stagnant economic growth with inflation.

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$30+ Silver is Inevitable with Craig Hemke

from Kerry Lutz's Financial Survival Network

In this engaging discussion, Kerry hosts Craig Hemke to delve into the dynamics of the precious metals market. Hemke kicks off the conversation by analyzing the recent breakout in the market, just as the Federal Reserve began to cut interest rates. He outlines the various factors currently influencing the market’s performance and discusses the potential for a significant surge in precious metals as the economy shows signs of downturn. They explore the challenges of using chart analysis in this uncharted market territory, including the strategic efforts by banks to manipulate market perceptions with a projected double top in pricing, particularly as precious metals reach all-time highs. The dialogue also covers broader economic indicators and monetary policies that could impact the gold market. Both speakers express caution about the current exuberance in the sector, pointing to exploding debt levels and a weakening banking sector as potential risks that could affect both the economy and gold prices. Additionally, the historical role of gold as a stabilizer in monetary systems is discussed, along with the cyclical nature of wars, economic bubbles, and inflation. The conversation concludes with a prompt to visit tfmetalsreport.com for more insights from Craig Hemke.

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Jerome Powell is Wearing Concrete Boots with David Stryzewski

from Kerry Lutz's Financial Survival Network

Financial expert David Stryzewski analyzes the alarming trends revealed in April’s Producer Price Index (PPI) report. The PPI has risen by 0.5%, signaling persistent and escalating inflationary pressures, a sharp contrast to the previous month’s 0.1% decline. This marks the first instance since April 2022 that PPI inflation has risen for three consecutive months, showcasing a trend of sticky inflation. David explains that the year-over-year rise in wholesale costs, which accelerated to 2.2%, points to a future where inflation could significantly overshoot the Federal Reserve’s 2% target. The big picture suggests a troubling scenario: inflation is stubbornly high, and the Federal Reserve appears to be losing its battle against it. David warns of the Federal Reserve’s potential move to cut rates to prevent a banking crisis, amidst conditions where “higher for longer” interest rate policies seem increasingly likely.

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Golden Opportunities: Navigating Fed Rate Cuts and China’s Metal Buying Spree with Phillip Streible

from Kerry Lutz's Financial Survival Network

Kerry and Phillip Streible discussed a range of economic topics. They began by discussing the potential for Fed rate cuts, with Streible suggesting that they may be postponed until the end of the year due to inflation, political considerations, and external economic factors. Lutz expressed apprehension about the potential impact on the markets and questioned whether the Fed’s actions may be inadequate in light of current economic indicators. The conversation also touched on the upcoming June meeting, inflation data, and the challenges posed by high interest rates and their impact on consumer behavior and the housing market. The discussion then shifted to the dynamics of the gold market, with Streible attributing its current level to pre-positioning for Fed interest rate cuts and China’s substantial purchases of precious metals. Lutz expressed skepticism about experts’ surprise at higher-than-expected inflation numbers and questioned their awareness of market trends. The speakers also discussed the widespread impact of rising cocoa prices and inflation on consumer expenses, emphasizing the trickle effect on input and labor costs, particularly in the food industry, leading to higher dining out expenses and the likelihood of the Fed revising its inflation target. Finally, they discussed the potential economic implications of the upcoming election, forecasting market volatility and discussing the impact of fiscal spending.

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Turbo Charge Your Returns Using AI with Andrew Einhorn

from Kerry Lutz's Financial Survival Network

Kerry and Andrew Einhorn of LevelFields discussed the impact of AI on investment practices, highlighting the system’s ability to track and analyze events from thousands of documents per minute to provide forecasts and alerts. The conversation also covers the system’s insights on Tesla and the broader perspective it provides for investors. Andrew emphasizes the importance of recognizing discrepancies in prices and earnings to identify opportunities in the market, using examples from the coal and fertilizer industries, defense contracting, and undervalued companies like Giga Cloud and Celsius. He provides an overview of the LevelFields platform, emphasizing its user-friendly approach to investing and the potential for short-term and long-term gains through different investment strategies.

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Coppernico Metals to Receive TSX Listing and Start Drilling Sombrero with CEO Ivan Bebek

from Kerry Lutz's Financial Survival Network

Kerry Lutz was joined by CEO Ivan Bebek of Coppernico Metals for a dive deep into the company’s ambitious exploration project. From raising over $100 million to the strategic preparations for drilling, Ivan shares the challenges and milestones of Coppernico’s journey.

It’s been years in the making but the company has achieved the required community support and now has the necessary permits to begin aggressive drilling at the Sombrero project. As Ivan states, community support must be earned, and the company’s initiatives will carry on long after mining has finished.

There were numerous hurdles along the way, not the least of which were the pandemic related shutdowns. But Coppernico persevered and now drilling and a coveted TSX listing will be happening soon. Ivan also introduced Tim Kingsley, VP of Exploration, highlighting the team’s expertise along with the strong funding from major miners. Clearly this is a case of playing the long game, staying focused upon the ultimate goal and never giving up. Coppernico’s prospectivity is impressive and we hold shares in the company.

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2024 Year of the Bank Run with John Rubino

from Kerry Lutz's Financial Survival Network

Kerry and John Rubino delve into pressing economic issues, predicting a looming crisis driven by rising mortgage rates and increasing retail store closures. They argue the necessity for significant government intervention, similar to the pandemic-era stimulus measures, to mitigate the economic downturn. The conversation also explores the unique challenges facing retailers, especially in California, where lax laws on shoplifting complicate business operations. Additionally, they discuss the controversial “weaponization” of the criminal justice system, suggesting its impact on social order and business environment. Rubino and Lutz propose radical ideas for government restructuring, such as firing government employees in alphabetical order and maintaining only essential workers during crises. They emphasize the importance of essential services, including police, road maintenance, and waste management, referencing similar strategies from Argentina and El Salvador. Political dynamics also take center stage as they speculate on potential vice presidential candidates for Donald Trump, particularly focusing on Ron DeSantis. They consider how political issues, notably abortion, could influence upcoming elections.

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How Home Purchases and Rentals Are Key to Bringing Down Inflation: Fed Vice Chair Jefferson Explains

by Wolf Richter
Wolf Street

Fascinating: “Prices that families pay” when they buy homes “can affect their overall well-being.”

The housing sector – rental market and purchase market – is one of the most interest rate-sensitive sectors of the economy and “an important channel of monetary policy transmission,” Fed Vice Chair Philip Jefferson said today at the Mortgage Bankers Association conference. In plaintext, as we’ll see in a moment: The Fed is counting on its higher policy rates to do their thing to the housing market (rental and purchase), with the ultimate goal of lowering demand by households in the broad economy.

Continue Reading at WolfStreet.com…

Polls Are Popping for Trump

by Brian C. Joondeph
American Thinker

The 2024 presidential election is five months away.

Corporate media is calling it a “tight race.” It probably is, as have been most recent presidential elections, but what do the polls say?

Remember this caveat about polls: They are a snapshot in time, reflecting the views of a tiny fraction of a percent of the population, registered or likely voters, and are fluid depending on the news and issues of the day. Current events rapidly change, as do voter sentients, and voter preferences may shift over the next five months.

That being said, recent polls are popping for former President Donald Trump.

Continue Reading at AmericanThinker.com…

Judge Merchan Explodes at Trump Witness During Trial: ‘Clear the Courtroom!’

by Elizabeth Weibel
Breitbart.com

New York Judge Juan Merchan, who is overseeing former President Donald Trump’s business records trial, exploded at a witness over his behavior on Monday and called for the courtroom to be cleared.

Robert Costello, the former lawyer for Michael Cohen, was called to the witness stand by Trump’s defense team and repeatedly became frustrated due to Merchan sustaining several objections from prosecutors, according to Newsweek.

After Merchan had sustained several objections, Costello reportedly was reprimanded, to which he exclaimed, “ridiculous” and “jeez,” under his breath.

Costello reportedly began blowing “raspberries” after several more objections were sustained, according to the outlet.

Continue Reading at Breitbart.com…

Silver Headed to New All-Time High Above $50. Take a Look…

from King World News

The price of silver is now headed to a new all-time high above $50. Take a look…

Fear Is The Enemy

May 20 (King World News) – Graddhy out of Sweden: It is extremely important to really understand that nothing matters but price — absolutely nothing. You are always only buying price.

And, in order to get things right, you must ignore your bias and your emotions. Plus, one needs the right mindset, mental balance, personalized strategy, trading rules, daily routines, time management, technical tools and experience.

Also, market sentiment has to be at extremes at major tops (bullish) and bottoms (bearish) for a turn to happen.

Continue Reading at KingWorldNews.com…

There Sure Has Been a Lot of “International Intrigue” Lately…

by Michael Snyder
End of the American Dream

World leaders have been targeted quite frequently this month, and that should deeply alarm all of us. I think that all of this geopolitical instability is a sign that there is far more going on behind the scenes than we are being told. The major powers appear to be making moves in anticipation of what they believe is coming next. Right now, the death of Iranian President Ebrahim Raisi is dominating the news cycle, and at this stage we don’t know if that was an accident or not. But as a Twitter user known as “Cillian” has pointed out, there has been quite a lot of “international intrigue” during the past couple of weeks…

Over the past two weeks:

May 7th: Assassination attempt against Saudi Crown Prince.

May 13th: Turkish President Erdogan holds emergency meeting following warning of possible military coup.

Continue Reading at EndOfTheAmericanDream.com…

Putin’s Strategic Blunder

by Dr. Paul Craig Roberts
PaulCraigRoberts.org

The blunder began years before February 2022. Putin failed to realize that the US was preparing the overthrow of the Ukraine government. When the overthrow began, Putin took no action to prevent the overthrow. Instead, Russia permitted Washington to take over the former province of the Russian state.

A hostile Ukraine is an existential threat to Russia. Why did Russia stand aside and permit Washington’s takeover? Why did Russia sit for the next 8 years on its hands, rejecting the votes of the independent Donbas republics to be reunited with Russia from which they were torn by Soviet leaders and stuck in Ukraine? The culprit in these strategic blunders was the Kremlin’s lack of realism. Putin relied on diplomacy despite the fact that Washington relies on threats, bribes, and coercion. The Kremlin simply did not understand that with the Minsk Agreement it was saddling a dead horse that could go nowhere.

Continue Reading at PaulCraigRoberts.org…

Ireland: Migrant Housing Project Halted After Construction Vehicles Torched

Locals seen cheering as big rigs towing housing units flee the area.

by Jamie White
Info Wars

A construction contractor tasked with building migrant housing in Clonmel, Ireland has reportedly withdrawn from the project after its heavy machinery was torched last week.

Sisk Ltd. reportedly made the decision to halt construction after the rental company decided to withhold further vehicles when several excavators were found destroyed by fire and a portable security tower equipped with cameras was vandalized Thursday.

Security workers were also assaulted by a group of individuals, with one needing hospitalization.

Footage of the site shared by locals on social media shows the scorched remains of the excavators, the partially destroyed security tower, and a hollowed-out workers marquee.

Continue Reading at InfoWars.com…

Maybe We’re Closer to “You’ll Own Nothing” Than We Realize

by Charles Hugh Smith
Of Two Minds

Maybe we should rephrase the slogan to “you’ll appear to own things you don’t actually control and be happy.”

The World Economic Forum’s catchphrase you’ll own nothing and be happy was widely mocked as an eyebrow-raising vision of a “sharing economy” future without the implicit agency granted by full ownership. Renting stuff that one needed only for one-time use has long been a market, and car-sharing makes sense for urban dwellers who only need a vehicle on occasion.

But to own nothing still implies powerlessness and poverty, not happiness, which continues to be associated with owning income streams and nice things, i.e. wealth.

Given our dependence on software / digital rights and the phantom wealth of credit-asset bubbles,”how much do we actually own?” is a fair question. Consider the recent New York Times article Why Tech Companies Are Not Your Friends: Lessons From Roku, which was reprinted in other publications with the more accurate title Our Gadgets Are Not Ours.

Continue Reading at OfTwoMinds.com…

Subprime Auto Loans Are Getting Messy

by Wolf Richter
Wolf Street

Huge profits in subprime caused specialized dealers/lenders to take big risks, which came home to roost. But prime auto loans are in pristine shape.

Subprime doesn’t mean “low income,” it means “bad credit”; it means a history of taking on too much debt and not paying those debts and other obligations as agreed, which caused their FICO score to drop into the subprime category.

And subprime auto loans are getting into trouble, after the free-money era got them temporarily out of trouble. In April, 5.23% of subprime auto loans were 60 days or more delinquent, the worst April on record, and a hair above the prior record of April 2020, according to the Fitch subprime index, which tracks auto loans that have been securitized into the asset-backed securities (ABS) that are rated by Fitch.

Continue Reading at WolfStreet.com…

Prosecutors Threatened Cohen to Plead Guilty or They Indict His Family

by Martin Armstrong
Armstrong Economics

Let me explain something. Threatening your family is standard operating procedure because the Supreme Court has given prosecutors ABSOLUTE IMMUNITY no matter what they do! That has corrupted our entire legal system. This is why you have all these prosecutors charging Trump, for they are ABOVE the law, as are judges.

Cohen asserted that he was pressured to accept a plead guilty to charges in 2018, including the hush money payment to Stormy Daniels.

Continue Reading at ArmstrongEconomics.com…

Proof of Censorship

by Jeffrey Tucker
Daily Reckoning

It’s not been good lately for the Censorship Industrial Complex.

The machine has been built and put into action over nearly a decade but largely in secret. Its way of doing business has been via surreptitious contacts with media and tech companies, intelligence carve-outs in “fact-checking” organizations, payoffs, and various other clever strategies, all directed toward boosting some sources of information and suppressing others.

The goal has always been to advance regime narratives and curate the public mind.

And yet, based on its operations and insofar as we can tell, it had every intention of remaining secret. This is for a reason. A systematic effort by government to bully private sector companies into a particular narrative while suppressing dissent contradicts American law and tradition.

Continue Reading at DailyReckoning.com…

Inspired Idiot of the Week: The FDIC’s Swamp Man

by James Hickman
Schiff Sovereign

If you want to understand the complete dysfunction of the federal government, look no further than the case of Marty Gruenberg.

At least for now– and hopefully not much longer– he is the petty tyrant in charge of the FDIC (Federal Deposit Insurance Corporation); he has served in that position for 10 out of the last 13 years and has been on the FDIC’s board since 2005.

In short, Gruenberg is the FDIC, and FDIC is Gruenberg.

This makes him extremely culpable for what a recent investigation into the FDIC describes as a destructive culture of “sexual harassment and interpersonal misconduct” that is “hostile, abusive, [and] unprofessional”.

Continue Reading at SchiffSovereign.com…

Silver On the Launch Pad, Eyeing Run to $40

by Brien Lundin
Silver Seek

Gold steals most of the headlines, but silver has stealthily set itself up for a potential run to $40.

After nearly 40 years in this business, I’ve read, listened to, watched, and talked with countless thousands of very smart people.

I was reminded of the value offered by the best analysts when I started noticing a number of people posting a chart of the silver price and how it’s setting up for a big breakout.

In fact, this chart and market observation was originally posted by Ron Griess of TheChartStore.com:

Continue Reading at SilverSeek.com…

Big Money, Confidence Collapse, & NATO Generals & Bureaucrats Want War

Big money moves in advance. So what are Gold and now Silver telling us? “They” seem pretty desperate – what wouldn’t they do at this point in their desperation?

by Dave Fairtex
Chris Martenson’s Peak Prosperity

The massive copper & silver rally, along with gold’s new highs, has me wondering if money is moving in advance of some sort of (Melinda Gates?) event. Not financial advice and I have no position.

Perhaps Melinda is giving us a peek into the future, along with a temporal marker. She gave just under 4 weeks’ notice. And that was a week ago.

“Money Always Moves In Advance.”

Into silver and copper, it seems. At least for now.

Eliminating agency is required. No cows, no chickens, no gardens – just “bio milk” and “cancer meat” and “eat ze bugz.” This was the plan.

Continue Reading at PeakProsperity.com…