Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It's difficult - inflation is eroding the value of cash, equities look like they will get hit, Cryptos are shaky.
I am buying real things I have put off buying, investing in commodities and PMs, growing food and becoming more self-sufficient.
When the storm passes these will do well. Civilisation will not end, but it looks like there will be a significant transfer of wealth and assets.
I agree it is going to get very messy - but I am very dubious about the motivations and intentions of the banking elite here.
If you haven't read 'The Creature from Jekyll Island - A second look t the Federal Reserve' I urge you to. These people have form.
It's an ugly chart - the Fed's support for the dollar is in full control. The economy will suffer but currently they don't seem to care.
As for Fres it is around the bottom support of the upward channel from Feb 22. Let's hope it holds.
The Fed is ruling the roost currently with their strategy of supporting the dollar.curbing inflation and stabilising the bond market, but this inflation is not the result of an over-heating economy, it's the result of money printing. As a result using interest rates to control demand is inappropriate, they will strangle the economy. They seem to be saying it's a price worth paying, perhaps they rather like the idea of it so assets can be bought up cheap. Whatever their motivation at some point the real world will intercede and they will have to pivot. Until then it looks like PMs will suffer.
Looks like gold will test $1800 today, silver trending to test $20
Contrarian, some questions:
1) Do you think the transition from the carbon based economy to the 'green' economy will stall? If so for how long?
2) If you think it will continue do you think there will remain high demand for nickel, lithium etc? Or do you see a novel technology destroying demand?
Hmm, we've locked horns on this before Slater. If you believe what you write then why don't you sell and go where you see a better opportunity? Thinking you were wrong and not changing course, now that really is a killer.
If you want to know what the upside potential is over the next few years watch from 40 mins here:
https://www.youtube.com/watch?v=b6vjBbzCUhQ&t=3097s
Hmm, it's a tricky judgement: on the one hand you have a likely market sell-off and significant fall in share price before rallying, on the other hand you have the potential for positive news on production, electricity hook up etc. And when will this crash happen? Maybe the best thing is to sell some and keep some.