Gerardo Del Real,
Editor
Aug. 21, 2024
It’s election season. Regardless of which way you lean politically you can always count on the inefficiency of government.
If you don’t subscribe to that line of thinking then please explain the $35 trillion debt we’ve managed to rack up. Or please explain why the Bureau of Labor Statistics just revised the job numbers by 30%.
The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday.
The dollar knows it, which is why the U.S. dollar index looks like it’s ready to break below the 100 level.
Gold knows it, which is why it’s at record highs and headed higher.
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Copper knows it. I could go on but hopefully you get the point.
What comes next is consequential. You’re either going to make money off the incompetence or see less money in your account moving forward.
Capital will do what Nick and I did many years ago, it’ll continue to go where it’s best treated. When we moved to our respective states of Washington State and Texas, we did so in part because of how friendly these states were to our business.
As our debt levels become more unsustainable the tax grab from both sides of the aisle will accelerate. It’ll take on different forms but it will happen.
The revision to the jobs number provides even more cover to what was already a dovish-sounding Fed. You should expect rate cuts and you should expect them soon.
The cuts combined with how difficult it is to develop a deposit into an operating mine will send metal prices much higher.
S&P Global Allianz Research reported it takes nearly 20 years to get to the production finish line.
That’s going to set off a wave of M&A as producers with robust balance sheets use that cash to go and buy up quality assets.
New discoveries of significance and scale will command premiums we’ve never seen before.
I’ve positioned the portfolios in the paid publications for this cycle and plan on using the incompetence of both of the major parties to our advantage.
See what my plan of action is in the August Issue of Junior Resource Monthly.
Let's get it,
Gerardo Del Real
Editor, Daily Profit Cycle