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

  Refresh
kt47150
Jul 28, 2020 - 9:21am

Great thoughts Dr. J

Thank you for that thoughtful article Dr. J

Your questions have given me plenty to consider today and for the next several days.

Oskar
Jul 27, 2020 - 10:54pm

Also

Also.... GOLD!!!

Oskar
Jul 27, 2020 - 10:53pm

Excellent article

Excellent article my friend. So much to consider and discuss... but it's late...

One thing I'll say. I would not want to live anywhere where water is a problem.

Subscribe or login to read all comments.

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Recent Comments

by tonym9, 1 min 9 sec ago
by Turd Ferguson, 2 min 15 sec ago
by Angry Chef, 5 min 14 sec ago
by Turd Ferguson, 14 min 34 sec ago
by Outback, 29 min 56 sec ago
by Dr Jerome, 34 min 20 sec ago

Forum Discussion

by Green Lantern, 10 hours 9 min ago
by KevinBenavides, Sep 27, 2020 - 6:01pm
by SteveW, Sep 27, 2020 - 3:47pm
by 11IMIX, Sep 27, 2020 - 10:45am
randomness