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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Blackwatersailor
Jul 28, 2020 - 11:44am

Well that's Interesting

So gold and silver started their march up. Futures hit that magical 2000 dollar number and of course the black defenders unleashed their shorts. Today we see the media pieces stating that this move up was a short squeeze. Really? I'm not convinced. What I saw was a test. The banks didn't do their tuesday short smash but simply watched last week. The market responded with a steady increase. This showed us that the true level is higher than where it is today. We saw small pullbacks all last week. Confirming a solid market move. The one thing we can take away is something has reduced the number of short smashing (various reasons some know others not). Already the market is moving strongly back up. To me this means there is serious demand. The mainstream is still not showing higher interest. Yet. I believe that it will be next reporting period that garners mass inflows from the general public. Simply from much higher profits being reported. When the rest of the market is being propped up the precious metals are doing it on firm base valuations.

jabastreber
Jul 28, 2020 - 11:41am

Thank you for your kind words

As requested, I paste below a synopsis of my book, available thru Amazon.

FROM WEST TO EAST

The Greatest Transfer of Power and Wealth in the History of Mankind

A Synopsis

The book examines in some detail, where the USA/NATO bloc and the Chinese/Russian bloc are coming from, and why. The great majority of the ~400 pages are close to the polar opposite of what one might read in the mainstream media/literature. Bottom line, it is very politically incorrect, and a genuine effort to present the truth, as I sincerely believe it to be.

It will take many people outside their comfort zone, because it challenges many well accepted beliefs and myths. The reader will have to be prepared to keep an open mind. As Frank Zappa once stated:

The mind is like a parachute. It only works when it is open.

In the writer’s opinion, the Second Cold War started with the fall of the Berlin Wall, as it is clear that the USA/NATO has had only one intention all along, that was/is the subjugation of Russia and China to vassal nation status of the USA, and by extension, the 'Puppeteers,' who have cynically used the USA, post WWII, as their vehicle of choice, in order to secure their ultimate goals of a One World Currency and a One World Government.

Around the turn of the millennium, both China and Russia realised that they faced an existential threat from the USA/NATO bloc. They came to the conclusion, that unless they formed a close alliance, and stood shoulder to shoulder, they would inevitably be subjugated, hence the impetus to establish the Shanghai Co-operative Organisation (SCO).

The Chinese and Russians play the long game and have been methodical in their preparations, which include substantial economic, financial and military reforms, which will be on-going for many years to come, along with the geopolitical realignment of international alliances.

The Chinese and Russians have been pushing the G20 for years to agree to, and adopt, sweeping financial reforms that address both the root causes, as well as the symptoms, of the problems currently challenging the global financial and economic systems. But to no avail.

The USA’s blatantly orchestrated regime change in the Ukraine galvanised the Chinese/Russian bloc into completing the construction of the infrastructure necessary to support a parallel international financial system that could operate independently of the US Dollar, should the need arise. In my opinion, the trigger for that event would be when the financial system implodes, and as is most likely, the G20 is unable to agree on any substantive reforms. At that point the Chinese/Russian bloc will very likely go their own way, introducing sweeping reforms and launch their own international financial/economic system that excludes the US Dollar.

The final couple of chapters of the book i.e. The Re-Boot and the Epilogue, put forward radical off-the-wall proposals for changes to the international financial and economic systems, and the possible geopolitical scenarios subsequent to the Chinese/Russian bloc going its own way. As far as I know, this package of proposals have not been considered in any book that I am aware of to date.

Those radical proposals are covered in depth in an effort to show that, in principle, it should be achievable provided the political will exists. I also freely acknowledge that it is extremely unlikely that politicians of any stripe would go that far. The Re-Boot chapter is undoubtedly controversial and deliberately thought provoking. It will be interesting to see how many, if any, of those proposed reforms the Chinese/Russian bloc will actually adopt. Only time will tell.

Jul 28, 2020 - 11:28am

these

The Reset Thesis now backed by Goldman Sachs as well .. https://t.co/ka5ixYdsSJ

— willem middelkoop (@wmiddelkoop) July 28, 2020

Goldman Warns "Real Concerns Are Emerging" About The Dollar As Reserve Currency; Goes "All In" Gold https://t.co/pNt4Bh8WsX

— zerohedge (@zerohedge) July 28, 2020
streber
Jul 28, 2020 - 11:21am

jaba for new members

Hi jaba,

I forgot the name of your excellent book but suggest you review it, again, here.

Very worthy and thanks for what you have written.

streber
Jul 28, 2020 - 11:09am

I shared my bugout loc a couple years ago w Dr J

when he was looking.

I do not care to reveal the loc here, but these are the (guestimated) stats:

50% LDS (they have guns & food, thus don't need, and ethically would not, come after mine.
30% wealthy retirees (pretty much same as the LDS).
20% hard working, moral, family oriented, Latinos (pretty much same as the LDS).

Winter has a view from our Fannie May, repoe'd condo that equals Vail.

The cops are basically NFAC (No F--kking Around Coalition). A former LEO myself, I donated 7 years as a "volunteer." I can state with certainty, "there is no crime in this town" and I doubt there ever will be.

The retirees are armed up to their eyeballs with local gun clubs plus a few ham operators.

Just one hint on the loc: It is nowhere near the NorthEast.
:)

OceanXLibero
Jul 28, 2020 - 10:51am

If after the epic

rally, anyone is interested in forming some kind of LLC, coalition etc...

Lots of remote property out there, no roads...

https://www.flyingbrokers.com/aviation-links.php

Fat Willie
Jul 28, 2020 - 10:49am

Nice Job Doc J

Always good see one of the oldtimers put up a solid post in Turd's absence.

Nicely done.

jabapabste
Jul 28, 2020 - 10:38am

DRS

Thanks for your input.

For your info, I do not buy shares on margin, nor do I permit my broker to lend them out.

Now that you mention it, I also seem to recollect reading, some time back, that there were moves to abolish the DRS, which would not surprise me, cos it is in the interests of big finance to keep as many equities as possible registered in the 'street name.'

Maestro
Jul 28, 2020 - 10:38am

So true...

South Park - Stan's deposit, and it's gone
pabstejaba
Jul 28, 2020 - 10:32am

DRS

From what I've researched, if you have a margin account, you can sell shares but they must be delivered in 3 days.

I understand the DRS as i have researched in the past because Santa recommended it.

My question is, are very many people "direct registering" their shares?

Santa and Eric recommending it sems to be a good reason for doing it.

I have some DRS'd, but not many. It's not hard to do.

I thought I read a few weeks back that you could no longer DRS shares?

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