Crescat Capital gold macro article

great charts, including:

The gold miners are the only major sector now generating positive free cash flow

The miners' gold reserves have peaked and are now declining, forcing them to acquire more by buying up juniors.

In the VA governors' race the Dems staged a fake white supremicist rally and tried to pin it on the Repubs, and got caught big-time. Meanwhile, school board protests are a huge factor and might be a sign of things to come for the midterms. 

In Australia, the bond yields are spiking through the central bank's target levels.

Emerging market interest rates are rising too. Brazil is good example, but lots of other countries have interest rates up in historically normal ranges of 5%-10%. The developed world is looking like the outlier. Are central banks starting to lose control of rates?

Shiba Inu and Squid Game cryptos soar by multi-000%. It's the dot-com bubble on steroids. 

Tesla gets an order from Hertz that's worth $4 billion and its market cap rises by $40 billion. Elon Musk's net worth now exceeds Exxon's market cap. Time to short them again? 

Direct download: John_Rubino_01.Nov.21.mp3
Category:general -- posted at: 6:30am EDT






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