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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Maestro
Jul 28, 2020 - 1:24pm

Regarding Goldman....

I Fart In Your General Direction!

FUGS

Fat Williedargnofly
Jul 28, 2020 - 1:16pm

@dargonfly

Great clip. I actually thought about Monty Python last night. After the annoying raid all I could think of was Holy Grail: "Tis but a flesh wound...."

Bastards.

Here's to hoping we get back on track after options expiration.

dargnofly
Jul 28, 2020 - 1:12pm

joke warfare

So yesterday got up and looked at my miners and saw Au had broke through the old high and is up about $30. My miners were all up except Novo which apparently has a big seller, might be good time to buy more. It was hot here in Portland so decided to go to the coast for the day. Coast was nice but cloudy. Drove back late evening and checked Au again and Au up even more, somewhere around $1970, and thought, ok, this is the big one. Hour later checked again before bed and saw price had been smashed from $1970 back to about $1930 in about 5 seconds. Just started laughing, almost until tears came. I noticed a couple others here said they laughed too. Then it hit me. Could this be banker version of joke warfare? Luckily I caught on before it got out of control.

Joke warfare is Monty Python method of battle where you confront the enemy by telling them jokes until they die laughing. For bankers, gold bugs are the enemy and they have been battling to keep price down for the last 8 years with all sorts of clever tricks and thanks to Turd I know its option expiration coming up but could they also be throwing in a new trick - gold bug death by laughter?

Monty Python joke warfare: https://www.youtube.com/watch?v=rGbe5qy5274

4 oz
Jul 28, 2020 - 1:12pm

July~~~

July 2020. Dare I say things have come into focus?

July has been SPECTACULAR~~~~

GOLD up for the month = $166 and $45 just this week, so far.

SILVER up $6.07 in July and $1.49 this week so far.

Gotta be lovin' it~~~~~

Mirrortrading
Jul 28, 2020 - 1:10pm

Selling metals for worthless fiat?

My concern is that if and when prices continue to rise and profits should be taken, but at what cost ? If the dollar collapses then all that patience and hard work go down the drain. So what options are there bedsides land / property to convert metals to besides dollars ??

eyeswideopen
Jul 28, 2020 - 12:54pm

Goldman Promoting Gold

Who here is shocked?

So we have JPM sitting on a mountain of physical silver (and gold), and Goldman buying Central Bank style. I'd say that's bullish and pretty good for us. We'll see. I'd like to believe the actions of both banks is and has been a signal. I also believe GS move into consumer banking (all digital) is worthy of some homework time.

We've all heard about watching the wealthy and following their lead. Not just bankers. It's no secret that the wealthy have decided to increase their holdings of hard assets. That trashy cash is also a big hit right now along with income producing properties. I'm anxious to see what happens to some of the commercial holdings these banks will eventually end up with. Think residential living.

We've also been given ample opportunity to position ourselves accordingly. I've taken full advantage and am confident my daily life will not change significantly should we experience these events that many are beginning to fear

cavalier
Jul 28, 2020 - 12:53pm

Yield Control

The lead editorial in today's Wall Street Journal is about yield control which the fed is considering. Turd has been talking about this for weeks.

The Journal is strongly against it for many reasons including it "muzzles investors" and creates risks for the global economy. It concludes that "we don't know what price the global economy would pay for such a policy in economic distortions or financial instability."

I believe, as Turd as stated, that yield control is bullish for gold as it locks in real negative interest rates for bonds from the US which are currently the standard for the world.

AGAUmgilbert
Jul 28, 2020 - 12:46pm

Prevent short selling

I think if you place a sell order ( make it way high) they cannot sell it . Of course they simply naked short without buying the underlying stock any way

not sure though

Reignbird
Jul 28, 2020 - 12:45pm

Five Questions

1 Two tanks of gas 2 No 3 Yes 4 NO 5 NO. As to confiscation if so there will bed much more to be concerened with nice article Dr. Jerome

dryamTF
Jul 28, 2020 - 12:44pm

Goldman

Chief commodity strategist Jeffrey Currie who wrote that article also wrote an article on March 24, 2019 which was on Zerohedge. He recommended buying gold then. I highly doubt Currie is giving any misdirection in what he's saying now about real concerns with the dollar as the reserve currency.

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