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Is the disconnect between real assets and financial assets finally going to turn?

Cory댊
August 10, 2021

John Rubino, Founder of the Dollar Collapse website joins us to share his thoughts on the recent 3 day drop in gold. This ties into a discussion on how undervalued real assets are to financial assets and if this trend of financial assets outperforming is ever going change.

Click here to visit John’s site.

Discussion
42 Comments
      b
      Aug 10, 2021 10:13 AM

      I always liked the goose more than the loon.

        Aug 10, 2021 10:06 AM

        Those goose-stepping loons up there must be stopped! 🙋🏻‍♂️

          Aug 10, 2021 10:09 PM

          Goose steppers everywhere, not just in Canada.

            Aug 10, 2021 10:02 PM

            No doubt about that.

        Aug 10, 2021 10:19 PM

        You wouldn’t like the goose steppers if they were on your front lawn, that’s nasty stuff!

    Aug 10, 2021 10:40 AM

    XAU close is meaningful…close below 7/19/21 close means the RSI bottom is violated and some new lows lie ahead….
    https://tos.mx/r2Ty7xC

    Aug 10, 2021 10:47 AM

    Infrastructure bill…does that have anything to do with commodities? Just wondered as the powers that be don’t seem to mention it.

      Aug 10, 2021 10:51 AM

      Senate passes $1 trillion infrastructure bill….Crickets! Why? I think the price suppression version is playing out…

        Aug 10, 2021 10:52 AM

        Vote 69-30…

          Aug 10, 2021 10:00 AM

          My account fell asleep as if frozen in time…

        Aug 10, 2021 10:12 AM

        CNBC says infrastructure bill already factored in…In whose world?

      Aug 10, 2021 10:19 AM

      Good question David. I’ve asked some of our generalist economic pundits if they believe the infrastructure bill will help with demand for commodities, and most have shrugged off the question or felt it was mostly factored in at this point.

      It’s odd, because for a decade we heard that if the US did an infrastructure bill that it would really juice commodities, and show it wasn’t just China that needs raw materials, but now we are getting close to an infrastructure deal and it is a big yawn from commodities investors, with most of them pulling back the last 1-2 months as we get closer to the deal.

      One of the comments we get is that the payments are spread out over such a long period of time (10 years) that it isn’t going to have a significant immediate effect, so I could see that rationale.

        Aug 10, 2021 10:36 AM

        Markets are forward looking and it hasn’t been a guarantee that the Senate or House is capable of agreeing on anything. A year or so ago, the failure to pass an infrastructure bill was used “against” commodities. Now “approval” will be used against commodities.

        That tells me they are artificially suppressing price with the purpose of helping corporations pay lower prices for commodities in high demand and low supply or there is an attempt for bullion banks or the likes to corner as much physical or mining stocks for organized money personal gain contrary to the interests of retail.

        Either way is interference in markets, illegal and unregulated. I don’t think we should accept it as a “way of Life” and a cost of doing business. I don’t think retail should condone corruption as we are the victims. They would to continue criminality without interference.

      Aug 10, 2021 10:13 AM

      Not a big deal, much of it is pork & Nancy still has to approve it.

        Aug 10, 2021 10:15 AM

        should be posted under the infrastructure bill

        Aug 10, 2021 10:37 AM

        Pork: Bridges, roads, clean energy, digital divide, water line replacement, public transit and all that goes into all of that. Sounds significant compared to giving another trillion to the banks.

          cfs
          Aug 10, 2021 10:22 PM

          he bill would also spend tens of billions on subsidizing electric vehicles and charging stations, electric buses, electric ferry boats, “green” energy production, mandating reports on “climate change,” and even half a billion dollars to try to cool down pavement in cities.
          But worst of all, it will be tied to a welfare bill …..3 Trillion…..which will pass by use of reconciliation.

    BDC
    Aug 10, 2021 10:08 AM

    Finally, after six weeks, saturated lows : https://tinyurl.com/apjx59rc

    Aug 10, 2021 10:16 AM

    the GDX excursion of price above and now below the sub-channel is symmetrical…..now the lower line can begin a retest/regain channel action…this is common although not a sure thing….
    https://tos.mx/RZ4QHjk

    Aug 10, 2021 10:27 AM

    (SMT) (SMTS) Sierra Metals – Q2 2021 Results Webcast & Conference Call

    August 10, 2021

    Trailing 12 Month Production Revenue Mix: (page 7)

    – Copper 36%
    – Silver 25%
    – Zinc 23%
    – Lead 9%
    – Gold 7%

    https://static.seekingalpha.com/uploads/sa_presentations/471/73471/original.pdf

    Aug 10, 2021 10:46 AM

    The silver stocks remain impressively strong relative to silver and even the senior gold miners.
    https://stockcharts.com/h-sc/ui?s=SIL%3ASLV&p=D&yr=1&mn=6&dy=0&id=p16282152149&a=1006390967

        Aug 10, 2021 10:35 PM

        That sure looks like a bear flag to me.

          Aug 10, 2021 10:22 PM

          It sure does and I thought it was going to go lower today based on yesterday’s close. If it does drop, I bet it will happen while both ETFs go up in dollars (GDX goes up more than SILJ). Whatever happens, I doubt it was ultimately for nothing that the silver miners have performed so well over the last several days vs silver and the gold miners.

            Aug 11, 2021 11:01 AM

            Interesting. I have been doing some light buying. Powder almost gone.

    cfs
    Aug 10, 2021 10:59 AM

    Coome on, guys. Gold and silver are manipulated. Their prices have little to do with ANYTHING in the short term.

      Aug 10, 2021 10:08 PM

      I could be dead in the short term. I don’t want any fraudulent delays.

    Aug 10, 2021 10:01 AM

    There are definitely bearish aspects to GDX but I am not worried about them due to the rest of the picture. I bet it will bottom no later than tomorrow if it didn’t do so today.

    https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=3&dy=18&id=p85032826939&a=941347611

    Aug 10, 2021 10:05 AM

    This seems to be a reasonable explanation , for the gold smash on Sundy night .
    Nobody eats some crow. …. This is a must watch , IMO…14 minutes take the time to watch.
    https://www.youtube.com/watch?v=ToDx5zn6pZ0

      cfs
      Aug 10, 2021 10:16 AM

      Precisely…… MANIPULATION.

      The four big banks have been milking suckers for years.

      This guy is ignorant……we will see which banks did it in a few days. They will report data.

      Aug 10, 2021 10:22 AM

      “The simplest explanation is often the correct explanation”. A duck is often a duck.

    cfs
    Aug 10, 2021 10:05 AM

    If anything commodities should be paying attention to mining strikes in several South Ammerican countries. There’s a good chance copper supply will actually drop significantly.

    Aug 10, 2021 10:32 PM

    Matthew, Dr Dan Stock, superlative on Bitchute Y,day
    Right there with Dr Carrie Madej, MD, DO. AND DR Bryan Ardis on crucifying evidence with Fauci & Remdesivir. Thank you Bitchute

    b
    Aug 10, 2021 10:32 PM

    One Asteroid Heading Towards Earth Has Enough Precious Metal To Make Every Person Alive A Billionaire

    https://www.zerohedge.com/markets/one-asteroid-heading-towards-earth-has-enough-precious-metal-make-everyone-earth

    Once asteroid and mining on planets are figured out, nothing will be scarce.

      Aug 10, 2021 10:38 PM

      It will likely be a while until they find a way to extract the metals from asteroids and bring it down to Earth, so while we wait for decades or millennia on that idea to come to pass, I’ll just stick with traditional mining in the here and now.

      It’s hard enough to find an economical mine right here on the surface of our planet, even going down a few hundred meters, much less to get a bunch of heavy equipment up into space in the first place, and then positioned on an asteroid that is hurling through space, find a way to mine it, and either bring the heavy ore back to Earth to process (likely way to heavy to achieve reentry) or to try and smelt it in space and just bring back the concentrates (quite unlikely).

      It’s the kind of sci-fi that sounds great when considering the high mineral endowment of asteroids, but impractical on so many levels, so I’m not going to lose any sleep over that making all resource extraction here on the surface obsolete any time soon. 🙂

        Aug 10, 2021 10:41 PM

        Now if that asteroid crashed here on Earth that would be a different ballgame, but if we had an impact from a celestial object like that, we’d have a completely different set of challenges (like an extinction event).

          Aug 11, 2021 11:12 AM

          Red Alert: Covid internment camps announced in America

          On Friday, Tennessee Gov. Bill Lee signed Executive Order 83, which authorizes National Guard and State Guard troops to break into peoples’ homes, kidnap them at gunpoint, and take them to covid internment camps, all without any due process or respect for civil rights. Individuals can be targeted for this medical kidnapping by armed troops via “telephone assessments,” and the medical kidnapping of American citizens is being labeled “involuntary commitment” to “temporary quarantine and isolation facilities.”

          Aug 11, 2021 11:14 AM

          EX, what’s the story on New Gold (NGD). Worth nibbling on?? Getting hammered lately more than the rest. Any info much appreciated.

            Aug 11, 2021 11:27 PM

            Hi johnsyl. I don’t follow New Gold very closely, other than their ore purchase agreement from Gold Mountain to process their ore at the New Afton Mill, but it has likely just been sold down with the rest of the PM sector as of late. There are a lot of companies getting monkey hammered here, so these are the times where opportunities can present themselves to patient investors.

            I’ve done some nibbling on gold & silver companies this week, with the continued pressures downward in the PMs, but am still prepared that we could see lower for longer until the PMs and mining stocks have a change in trend, theme, and catalysts to push them higher.

            My personal philosophy is to scale into positions during weakness, and so I’ve done that recently, but am to the point now where I’ve drained down most of my dry powder over the last few weeks.

            At this point I’m personally down to horse-trading one stock for another, or one sector for another. I liquidated a number of my stocks in clean energy, cannabis, as well as some of the PM mining stocks that are frustrating me with slow progress and little investor traction, and rotated those funds into the core positions I like more, and have even started a few new positions in the last few weeks.

            Increasingly the Gold & Silver stocks are looking like the better risk/reward setup compared to other sectors that have already had really big moves over the last 6-12 months, but I don’t want to only have exposure to just PMs either. I am more overweight to the PMs in my trading account than I’ve been in about 2 years now though, because it has been punished so hard comparatively.

    Aug 11, 2021 11:13 PM

    Junk jewelry I’m mean the change in our pockets the local grocery store new policy round up your purchase cost for charity no secret that coin mineral content is superficial more emotion than material .What do you think the future of coinage might be? How worthless can money be?