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Kerry Lutz's--Financial Survival Network

Kerry Lutz's--Financial Survival Network

Kerry Lutz

The Financial Survival Network is dedicated to helping you build your financial fortress so that you can survive and thrive in the new economy. You need the Financial Survival Network now more than ever.

4304 - Fury Gold Dramatically Increases Gold Deposit Size with CEO Tim Clark
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  • 4304 - Fury Gold Dramatically Increases Gold Deposit Size with CEO Tim Clark

    Fury Gold Mines’ CEO Tim Clark, and Exploration SVP Bryan Atkinson (🇺🇸FURY -- 🇨🇦FURY) gave us the latest sponsor update on the Eau Claire and Percival deposits. The resource estimate increased significantly: a 36% rise in measured and Indicated gold ounces and a 45% increase in inferred gold ounces at the Eau Claire deposit. Bryan explained the conservative methodologies used in these estimates and the vast potential for new discoveries within their expansive land package.

    They detailed Fury's future exploration strategy, including their focus on uncovering new gold deposits and a return to exploring Nunavut. Tim laid out his strategic plan for upcoming survey and geochemical projects, emphasizing how these efforts could lead to a re-rating and increase in the company's market value.

    Our discussion also covered the geological dynamics at play, including the steepening of vein geometries at Eau Claire and what this means for future efforts. With the Eau Claire and Percival deposits remaining open for expansion, they expressed their optimism about Fury's positioning and growth potential in the current market. Of course, $2400 gold is the topic of the day and its positive effect on Fury’s economics, which keep getting brighter. With over $54 million in Dolly Vardon Silver shares and $5 million in the treasury, Fury’s enterprise value represents a steep discount, especially when considering ounces in the ground, which is why we continue to hold shares.

    Company Website: https://FuryGoldMines.com

    Sat, 18 May 2024 - 18min
  • 4303 - Stagflation Reality Contradicts Biden/Powell's Optimism with Ed Siddell #6065

    Ed Siddell breaks down the recent market rebound in May following a challenging April. He discusses how Federal Reserve Chairman Jerome Powell's assurances regarding stable interest rates have temporarily alleviated market fears, contributing to the rebound. However, Siddell points out a significant disconnect between Powell’s optimistic projections and the prevailing economic data indicating stagflation—a scenario combining stagnant economic growth with inflation.

    Siddell highlights several key indicators that contradict the Federal Reserve's narrative:

    ISM Manufacturing Index: Expected at 52 but came in at 49.2, signaling economic contraction despite rising prices. PMI Numbers: Anticipated to be between 43.2 and 45, they dramatically fell to 37.9, further evidencing economic slowdown. Consumer Confidence: Dropped from 104.7 to 97, indicating growing consumer concerns. Consumer Sentiment: Forecasted to be between 77 and 79, but recorded just below 68, revealing significant pessimism among the public. Producer Price Index (PPI): Continues to show persistent inflation, defying expectations for a reduction to 2%.

    Siddell forecasts that Powell might initiate a phase of monetary easing followed by rate cuts as the election approaches, aiming to manage the economic strain. He critiques the Federal Reserve's past misjudgments on inflation and stagflation, suggesting that a reevaluation of their current stance is crucial.

    Find Ed here:  egsifinancial.com

    Find Kerry here: FSN and here: inflation.cafe

    Fri, 17 May 2024 - 16min
  • 4302 - $30+ Silver is Inevitable with Craig Hemke #6064

    Kerry Lutz welcomed Craig Hemke to analyze the recent developments in the precious metals market. Hemke provided insights into the market's breakout before the Fed started to cut rates and emphasized the multiple factors driving the market's performance. They also discussed the potential for a surge in precious metals due to the economy rolling over and the challenges of chart analysis in uncharted territory. Additionally, they anticipated an effort to paint the charts with a double top as a line of defense for banks with short positions, given the all-time high of precious metals.

    The conversation also touched on the potential implications of economic indicators and monetary policy on the gold market. They cautioned against the excitement in the sector and highlighted the potential impact of exploding debt and a weak banking sector on the economy and gold prices. Additionally, they discussed the historical significance of gold as a currency anchor and the cyclical nature of economic trends, emphasizing the interconnectedness of wars, bubbles, and inflation. The conversation concluded with a reference to Craig's website, tfmetalsreport.com, for further information.

    Find Craig here: TF Metals Report

    Find Kerry here: FSN and here: inflation.cafe

    Thu, 16 May 2024 - 24min
  • 4301 - Jerome Powell is Wearing Concrete Boots with David Stryzewski #6063

    Financial expert David Stryzewski analyzes the alarming trends revealed in April’s Producer Price Index (PPI) report. The PPI has risen by 0.5%, signaling persistent and escalating inflationary pressures, a sharp contrast to the previous month's 0.1% decline. This marks the first instance since April 2022 that PPI inflation has risen for three consecutive months, showcasing a trend of sticky inflation.

    David explains that the year-over-year rise in wholesale costs, which accelerated to 2.2%, points to a future where inflation could significantly overshoot the Federal Reserve's 2% target. The big picture suggests a troubling scenario: inflation is stubbornly high, and the Federal Reserve appears to be losing its battle against it. David warns of the Federal Reserve’s potential move to cut rates to prevent a banking crisis, amidst conditions where "higher for longer" interest rate policies seem increasingly likely.

    The discussion also covers the broader impacts of these economic policies, including the significant strain on real estate and small community banks, which are vital for financing small businesses. David highlights the serious implications of rising interest rates on sectors heavily dependent on lending and the potential for recurring bank failures, as indicated by billionaire investor Barry Sternlicht.

    Tune in to understand the complexities of the current economic environment, where stagflation is not just a possibility but a growing reality, and explore the difficult choices facing policymakers in this critical juncture.

    Find David here: FedBubble.com

    Find Kerry here: FSN and here: inflation.cafe

    Wed, 15 May 2024 - 19min
  • 4300 - Golden Opportunities: Navigating Fed Rate Cuts and China's Metal Buying Spree - Phillip Streible #6062

    Kerry Lutz and Phillip Streible discussed a range of economic topics. They began by discussing the potential for Fed rate cuts, with Streible suggesting that they may be postponed until the end of the year due to inflation, political considerations, and external economic factors. Lutz expressed apprehension about the potential impact on the markets and questioned whether the Fed's actions may be inadequate in light of current economic indicators. The conversation also touched on the upcoming June meeting, inflation data, and the challenges posed by high interest rates and their impact on consumer behavior and the housing market.

    The discussion then shifted to the dynamics of the gold market, with Streible attributing its current level to pre-positioning for Fed interest rate cuts and China's substantial purchases of precious metals. Lutz expressed skepticism about experts' surprise at higher-than-expected inflation numbers and questioned their awareness of market trends. The speakers also discussed the widespread impact of rising cocoa prices and inflation on consumer expenses, emphasizing the trickle effect on input and labor costs, particularly in the food industry, leading to higher dining out expenses and the likelihood of the Fed revising its inflation target. Finally, they discussed the potential economic implications of the upcoming election, forecasting market volatility and discussing the impact of fiscal spending.

    Find Phillip here: bluelinefutures.com

    Find Kerry here: FSN and here: inflation.cafe

    Tue, 14 May 2024 - 17min
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