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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dryamSquibLoad
Jul 28, 2020 - 12:38pm

Three gorges dam

If the Three gorges dam breaks, I am buying call options on Kodak. Most of those Chinese pharmaceutical companies, or the companies that produce the substrates are downstream from that dam.

mgilbertjaba
Jul 28, 2020 - 12:33pm

Thank you

I plan to talk to my broker as well. I don't play margins and have cash there too. Even though I don't trust them, I would prefer to have the "box checked" anyway - why not!

jabamgilbert
Jul 28, 2020 - 12:27pm

Prevent Lending Out Shares

I do not have the knowledge base to answer your question. However, my brokers, Interactive Brokers, have a format for clients to complete and one of the questions pertained to Interactive Brokers lending out my shares - I ticked the 'NO Lending' box. Can I be sure that they will not lend out my shares anyway? Probably not.

I suspect, but I am not certain, that if one buys shares on margin then the broker is able/permitted to lend out those margined shares.

However, I am sure that other Turdites, particularly those in the legal profession should be able to provide you with a more accurate and definitive answer.

murphy
Jul 28, 2020 - 12:19pm

Another of Eric's holdings

Monarca Minerals - Shares for Debt Transaction and Stock Option Grant

8:04 am ET July 28, 2020 (Newsfile) Print

Toronto, Ontario--(Newsfile Corp. - July 28, 2020) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company"), announces that it is proposing to settle an aggregate of approximately $380,600.00 owing to certain officers and directors, and service providers to the Company through the issuance of an aggregate of approximately 7,612,000 Common Shares of the Company at an implied issue price of C$0.05 per Common Share. The Company determined to satisfy the indebtedness with common shares in order to preserve its cash for the development of its business.

The amount to be settled includes approximately $202,000 out of $350,000 in accrued directors' fees and management and consulting fees owing to the Company's directors and officers, as the case may be. The completion of the debt settlement is subject to receipt of TSXV approval. The common shares issued pursuant to the debt settlement will be subject to a four month hold period.

The participation by the insiders in the shares for debt transaction is considered a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The transaction will be exempt from the formal valuation and minority shareholder approval requirements under MI 61-101 on the basis that the debt settlement with related parties constitutes the distribution of securities of the Company for cash consideration of less than $2.5 million. Neither the Company nor, to the knowledge of the Company after reasonable inquiry, the related parties, have knowledge of any material information concerning the Company or its securities that has not been generally disclosed. The debt settlement with each related party will be unanimously approved by the Company's independent directors.

In addition, Monarca is pleased to announce that it has granted 1,250,000 stock options to the directors of the Company. The stock options are exercisable for common shares at a price of $0.075 share and have a term of four years. These stock options vest over a period of 4 years following the grant date and are governed by the terms and conditions of the Company's stock option plan.

Following this grant of stock options, the Company has a total of 3,325,000 stock options outstanding representing approximately 5.8% of the outstanding common shares of the Company.

mgilbertjaba
Jul 28, 2020 - 12:13pm

Prevent lending out of shares?

How do you prevent brokers from lending out shares if they hold them? Would any broker allow this or do they just tell you they are insured and hope you just move along.

streber
Jul 28, 2020 - 12:04pm

The AUG Futes Yesterday closed $1931, up $33.5o

After last night's wifferdill the Cartel got AUG down to $1900 before the bounce back.
AUG is now $1947, up $16.

As I mentioned last week; "This is not your father's Oldsmobile" (ancient Madison Ave slogan).

mgilbert
Jul 28, 2020 - 11:58am

"THE NEW ABNORMAL"

I have chosen to start filtering in my own correction when people say "new normal". This is not normal and the media push to propagate the masses with this term is meant to take down our guard and continue to lead us down their path, to the slaughter.

I hope this catches on - we are in a "NEW ABNORMAL". We are in a spiritual battle - "we wrestle not ageanst flesh and blood". Press into the Lord with your moment by moment - not just your day by day. May the Lord open the eyes of understanding to the masses and bring about a revival, causing defeat to the true enemy, resulting in change here in our time/ situation/ ect. Come Lord Jesus come!!!

BlackwatersailorTF
Jul 28, 2020 - 11:54am

And Yet

No suggestion as to what replaces the underlying bond/treasury market. Which means jawboning the dollar down. For what reason? Exporting higher inflation to all countries that are pegged to the Dollar? Because really there is no current viable substitute. Nothing even on the 5-10 year region. No. The Chinese Yuan is not even close and won't be. The Eurodollar is a slow motion train wreck. What else is there? Gold? No the world leaders won't take a money that constrains their spending power. At least until forced.

SquibLoad
Jul 28, 2020 - 11:49am

$765M for you, and you, and you

Kodak Shifts Into Drug Production With Help of a $765 Million U.S. Loan
Closes Monday at $2.62
Hits $11.79 Tuesday at 11AM

That's KODAK, the drug company (now).

Do you get the feeling that TPTB are literally throwing darts at a publicly traded listing saying, "THERE! KODAK WINS TODAY!"

Benitho
Jul 28, 2020 - 11:48am

portfolio just went green :-)

How about that on an off-hour cartel smash day ? Nice performances by Liberty, Dynacor and Jaguar is all it took.

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