What now, boss? A New Normal?

93
Tue, Jul 28, 2020 - 9:00am
Image: Doctor J--member of TFMetals report.com

As I was walking our doggie last evening, I passed by the neighbor’s place. They have a wrought iron gate and an Australian shepherd that loves to run out and say hello each day. I waited by the gate and while the dogs were chatting, the owner waved at me and started to walk out to the road. We stood there and chatted for a half hour about Grand Canyon gold, historical cover-ups and the metals markets. Its nice to know that we have like-minded neighbors—30 years younger, I should add.

I just watched the video posted by tedc on the Friday thread. Nothing in there surprised me. Nice to have a date of 2025 when it all goes down though. And all y’all knew what was coming—increased control of our lives, all transactions via and an artificially intelligent internet that reads our biometrics. And no economic activity if you don’t sign up. Reminds me of some conspiracy theory in the Bible

But I choked on a Vienna sausage upon seeing a scene in that video where the filmmaker showed multiple clips of news anchors and politicians saying “New Normal.” Sounds to me like that phrase is a quite rhetorical! … and through repetition we are being prepared to never go back to life as it was. Methinks the deep state is at work here—masters of propaganda and persuasion.

What kind of “New Normal” do we want?

Well if that new activist group “Antiglo” fails in its effort to expose the globalists and try them for crimes against humanity, and start riots and stuff, we may indeed be stuck in this new normal. And if we are, I’d like to have some say in the kind of new normal we are forced to live in.

But the “pandemic” this year has thrown a plethora of monkey wrenches into our plans. Last fall I moved from a college town to a small rural/retirement community after wifey’s mother, age 86 (mom, not wifey), broke her leg. We sold our home and moved into her spacious mansion—temporarily--to nurse her back to health. But this is not a good property for self-sufficiency, and it is not ours--but that is a story for another day. Then the pandemic was loosed. So, wifey and I are discussing the kind of home we would prefer. Given the problems I see in my own locale, finding a property a bit more remote might be a good option. And with metals at today’s prices, we have the wherewithal to do just that. I suppose the $100,000 question, literally, is centered around whether prices make all time highs, go even higher, or get smashed back down by a new shorting scheme.

In the meantime, bull markets are altogether exciting, but kind of boring in a way. Metals up again! What’s my portfolio worth today? Do I sell yet? The smashdowns, banker shenanigans, margin hikes and such keep our anger focused. But lately there just hasn’t been mas much to think about. I check price in the AM, go across town to work on our rental property, check price on my phone a few times a day, and then again in the evening as I listen to the podcast. Not much to see but good news. Even the pullbacks don’t trouble me now.gold and silver have fattened our assets nicely. What does one do with windfall profits from the rise in metal prices? Do we sit around on our stack, joyfully fondling it like Scrooge McDuck. Or will the time come when it’s best to invest your windfall—a means to an end. Do we purchase a bug-out property? (Hey, I found a nice one for anyone pining for the mountains of Colorado click here)

The Exit Plan

All good traders have an exit plan—a price point where they begin liquidating and a plan of where to invest the profits next. Gotta think ahead, ya know! So what is your exit plan?

  • Will you stay on the bull until the government outlaws gold and forces you to sell at, let’s say, last year’s price of 1400?
  • Will paying for goods & services with junk silver be outlawed, punishable by a fine and confiscation as we are herded into digital currencies and negative interest rates?
  • Last time metals were this high, I had no plan and sat on my hands as they tumbled in price, watching my gains evaporate. Ten years later as I near retirement age, I don't intend to let that happen.

My first thought about an exit plan is to stay on this ride until a “correction” is immanent, then perhaps hedge the portfolio with puts and see what happens. If a correction starts, I can also lighten the portfolio by 30-50%. I don’t want to completely liquidate the stack. If the correction continues, or some other monkey business is clearly going on, I’ll exit with what profits I have and switch trading strategies from buy and hold to catching the waves.

My hope is that real estate foreclosures will be sneaking into the housing market soon, pushing prices down across the board, and we can purchase a new home, with some land, at a discount. But that is not happening just yet.

For now, we’re holding the metal. I suspect this bull is just getting started.

We should all take such questions seriously, knowing the nature and character of the globalists. Our prosperity and independence is anathema to their plots. And the best answer I can see is to move from metals after a nice gain and purchase property—the kind that one can live on and one that can make a living for you.

At one time owning a large lot in the city, and putting in the “square foot gardening” method, front yard and back, would work for most of us. But in a big city, now? Especially being a member of the wrong race. All lives apparently do not matter to our millennial youth who are already showing their willingness to be persuaded to riot and murder. No, I want to be as far from cities as we can get--at least far enough that looters cannot make a day-trip to the rural farm. I want like-minded neighbors who value community. None of us have all the skills needed for self-survival AND a comfortable life.

Our fine virtual community here has not only kept us abreast of significant news pertaining to metals, but also has been a place where we share knowledge, ideas, and advice to make this transition into the “new normal.”I hope that tradition can continue. Seems that we have spent most of our time discussing markets and investing lately. I am hoping that both our new and old members can help us think more deeply about the future.

So here are five questions (An essay exam for those who miss college) for all of us to ponder.

  1. We are a bit too close to a large city—too close for comfort. But how much distance is enough?
  2. Most neighbors are retirees, not preppers or investors who have a clue about what is going on? Can we trust them?
  3. Millennials, not always the trustworthy types, are moving into their grandparent’s homes and getting service jobs. Will they become Deep globalist informants?
  4. Water is a precious commodity here. The valley’s river-fed irrigation system is mired in a lawsuit with the state that wants the river water for the ever-expanding Phoenix area. The groundwater has high levels of arsenic. We only receive 14” of rain per year. Should I set up a permanent residence in this locale where good gardening water might be stripped away for the city?
  5. The old landed farmers are all passing away. Their farms by the river are being subdivided for retirement housing. Will this town be able to feed itself?

I’ll stop with five questions. I could get depressed if I keep adding them up. But the biggest questions, with a hundred right answers, may be, “What do we all do with our profits? and “When & how do we begin harvesting them?” I am all ears to learn how to reap these profits without missing out on bigger ones.

For that I had no plan in 2011. Not this time.

About the author: Since we have many new members, I thought I better say a word or two for those who don’t know me. Been a member since the early days-- a below average trader-- a construction background and then waded into the university system in a mid-life career change. Finally earned a PhD in Rhetoric (art of persuasion) and have been teaching college for the past 25 years. Fraid I can’t wear a MAGA hat at work. They’d kick me out the door in a minute. I have learned that I ain’t no smarter than most of you, but I do seem to have a knack for observin' & ‘splainin’ things.

About the Author

  93 Comments

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Libero
Jul 28, 2020 - 3:55pm

Barr being mercilessly crucified

in the judiciary committee hearing.

Deservedly so.

pcBlackwatersailor
Jul 28, 2020 - 3:45pm

Why do people always assume

Why do people always assume that if the dollar loses reserve currency status it means that something else must replace it?

I believe it is far more likely that we (at least for a while) ends up in a multipolar system with no real reserve currency, but multiple currencies co-existing. If oil and other commodities starts being contracted in volume in other currencies than USD (something that is already on its way with the Chinese oil for Yuan or gold contracts), then for all intent and purposes, the USD is no longer the reserve currency.

Angry Chef
Jul 28, 2020 - 3:37pm

The Reasons for Qaddafi’s Overthrow

Veteran Turdites know the truth about what happened to Qaddafi and Libya's Gold & Silver and the implementation of a Central Bank. Just posting for those newer Turdites.

https://theduran.com/the-reasons-for-qaddafis-overthrow/

OskarOceanX
Jul 28, 2020 - 3:22pm

What would it take to realize you've been played?

That's a really, really good question... pondered by Computing Forever in the following video.

It's a long video (40 min.) but really worth the watch. Extremely logical, clear thinking using available data, actual science, analyzing the news, etc. He doesn't say anything too "out there" either, so this would be a great video to send to normies you know.

Connecting The Dots Part 3
dryam
Jul 28, 2020 - 3:20pm

Strongest indicator of the future direction for the PMs

Gartman is getting out of his gold positions....

https://www.zerohedge.com/markets/gartman-im-getting-out-gold

Makes me want to go ALL in given his history of being the strongest contrarian indicator in the financial markets, bar none.

OceanXrobobrewer
Jul 28, 2020 - 3:06pm

It would take

a LOT of persuasion for me to ever want to be one of their 'bag holders'

https://www.longtermtrends.net/dow-gold-ratio/

Oskar
Jul 28, 2020 - 2:57pm

city vs. rural vs. suburbia

I have heard the argument made before, and it could very well be, that a city or suburban area will be safer than out in the country. This has no doubt happened before, that law and order is maintained in the cities while criminal elements control the countryside. As long as enough food, etc., is brought into the cities, it may be safer there.

Of course, we now have a really, really unstable population, with widespread mental illness to boot, and such trends will no doubt only get worse... which may argue in favor of simply being away from people, or in a lower population density area.

It really comes down to the exact nature of the collapse or whatever scenerio we end of up facing. And there really is no way to know. You could see a very fast collapse resulting in the cities becoming, very quickly, absolute hellholes. It really depends on the nature of events.

In the book I mentioned a few minutes ago, Survive the Economic Collapse, the author presents a very organized way of looking at it. He has a graph, and on one axis is the speed of the collapse, and other the other is the severity. So you can have an enormous, huge collapse, unfolding very quickly (eg. solar flare, EMP attack) or very slowly (eg. resource depletion, peak oil.) Likewise smaller collapses, or even disruptions, can occur very quickly or slowly. Inside the graph is your range of outcomes, and the effects on society, government, etc. It makes you realize what a wide range of outcomes or potentialities await us, and we really have no idea what the values on either axis will be.

My instincts tell me to avoid cities and even suburbia. All the same it may be quite a disadvantage to be totally isolated, with no neighbors. Unless you want to set up some sort of compound or community of various families, all very well armed and with mandatory military / tactical training. This is more the Piero San Giorgio approach.

In any case, if you are more rural, it would be a mistake to think, Oh, we're safe way out here. Harden your property in any way you can. Right now I am thinking seriously about some dogs, for instance.

OceanXstingbee
Jul 28, 2020 - 2:52pm

what's this,

an 'honest mistake?'

"WSVN) - The accuracy of data being reported by the Florida Department of Health continues to be questioned as the number of deaths continues to rise. In one case, a man’s death was attributed to the virus, when he actually died in a crash.“The first one didn’t have any. He died in a motorcycle accident,” Orlando health officer Dr. Raul Pino said. Pino said one person in their 20s who was reported to have died from coronavirus, was actually killed in a motorcycle accident." -- https://wsvn.com/news/local/florida/doubts-about-accuracy-of-covid-19-de...

Just out of curiosity, what would it take before you realize you are being played?

robobrewer
Jul 28, 2020 - 2:52pm

IMO the banks are acting out of character

They haven't smashed the price during COMEX trading hours 2 days in a row. Typically, they have been smashing once or twice per day. It seems especially odd that they haven't smashed today with option expiry.

I feel like something particularly nefarious is being planned, especially with the FED meeting going on.

Why wouldn't they bash down the price today though when they have such a vested interest in doing so? Weird.

No way do I believe they are on the ropes at this price. I am sure they have plenty of ammo left.

Orange
Jul 28, 2020 - 2:48pm

Great News!

Gartman is getting out of gold. Prepare for takeoff!

https://www.zerohedge.com/markets/gartman-im-getting-out-gold

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