@JayWoods3 kicking it off for the 2nd Quarterly session of @CMTAssociation
Canada Quarterly Summit. 🔥
Hope you enjoyed your first time in Toronto and hope you come back soon!
#CMTCQS
...he hardly know which is which,
he simply pursues his vision of excellence through w/e he is doing and leaves it up to others to decide, whether he is working or playing
To himself, he is always doing BOTH"
"The master in the art of living draws no distinction between his work and his play,
his labor and his leisure,
his mind and his body,
his education and his recreation,
his love and his religion,
...
We are currently experiencing a multitude of technical breakouts in the precious metals industry.
I can't recall a time when I've seen so many historical moves in this space.
Here are my 6 favorite chart setups.
1) Gold and silver miners to gold ratio
While everyone is worried about 3.5% inflation, the real issue is the ongoing 8% per annum debasement of currency, on top of inflation.
Your hurdle rate to break even is around 12%, which is the 10-year average returns of the S&P 500...just to keep your purchasing power.
"In terms of total returns, this is the biggest bond market rout in 150 years. Last year was in fact US bond investors’ worst year since 1871, with a total return of minus 15.7%, even worse than the annus horribilis of 2009. For 2023, the year-to-date return has been almost minus 10%; annualized, that’s minus 17.3% — even worse than 2022. We are looking at bond investors’ two worst years in a century and a half."
@nfergus in @opinion
#economy #markets #econtwitter
In 2012, @BarackObama set a red line with Syria on the use of chemical weapons. A year later, Assad gassed and killed 1,400 non-combatants. We did nothing.
In 2014, Putin invaded Crimea. We did nothing.
In September 2021, we abandoned Afghanistan in a sloppy withdrawal leading to the collapse of the country, handing our weapons and control to the Taliban.
In Feb. 2022, Putin invaded Ukraine. Since that time, we have slow-walked our military support for @Ukraine, failing to give them the armaments they need to win the war.
In our most recent budget debt crisis, we took @Ukraine out of the budget to keep the government temporarily open.
If Russia wins the war, we are handing control of the world’s bread basket to Russia, and Putin’s power and aspirations will only grow.
On September 18th, we agreed to release $6 billion to Iran, but ‘only for humanitarian purposes’ in exchange for five Americans. I remind us all that money is fungible. $6 billion for food and medical supplies frees up $6 billion Iran can use for terrorism and war. And I thought we had a policy of not negotiating with terrorists.
Why did Hamas invade Israel last night? Because the United States has consistently not kept its word on its foreign policy commitments and we look very weak.
Terrorism loves a leadership vacuum and we have created one.
We are politically divided. Our president is physically and cognitively challenged. And we are wavering on the commitment we made to @Ukraine to give them the weapons they need to win the war.
The world has become a much more dangerous place because we have not kept our word.
This needs to stop now or, dare I say, hell is coming. The world is a much safer place when the US leads, and it quickly can become a living hell when we fail to do so.
Now is the time for our government and Congress to show strength, solidarity and leadership and to follow through on our commitments to our allies and the world order.
We owe nothing less to our children.