Kerry Lutz's--Financial Survival Network

There's obviously something going on in the world economy that's causing gold (and lately silver) to rapidly advance. Leading bullion dealer Andy Schectman of Miles Franklin has seen sales accelerate, but it's the high net worth sophisticated investors who are buying the bulk of it. Joe Six Pack is as usual late joining the party. Andy believes it's de-dollarization that's been causing the run-up, but of course there are other factors at play. Euro-zone weakness, impending Brexit, Chinese Economic weakening and much more. But bullion sales are up and for a good reason. 

When we last spoke with Charles Nenner, back in mid-June, he was calling for higher gold prices. Almost as if on cue, gold is up over $150 and there's more to come, after the current short-term top. Interest rates have plunged and Charles believes that recession, or worse, is on its way. But somehow the world will survive, maybe with a new global economic system in place. News for stocks is bad, the dollar and treasuries will continue on their current economic path. Oil has a potential bottom of $36. Natgas could well drop below $2 after a slight bump up. It's all in the hands of the cycles. Let's see where the war cycle will take us next. 

Trump was true to his word, he imposed a 10 percent tariff on the remaining $300 billion of Chinese imports. The stock market took an immediate hit and gold/silver shot significantly higher. This installment takes place on September 1, 2019, but Trump is promising to take the tariffs up to 25% shortly thereafter. Michael Stumo believes that the US is winning the trade war and that it's in the process of decoupling from the Chinese Economy. There's enough sources of low cost Asian goods to allow the strategy to work. However, whenever you go stirring up the world economy there's always a risk of unintended consequences. 

Danielle Park has been waiting for this moment. And it may well be here now. The end of the global stock bull market. Is it upon us? One day does not a trend make. However, this bull has been living on borrowed time and borrowed money for too long. Resource based economies have taken a hit and will continue too. That means Canada and Australia are in for hard time. As are the rest of the over indebted countries. The time of reckoning is quickly closing in. 

According to Tony Hayes, gold is worth at least $1900 the ounce. However, what it's selling for is another matter. Tony bases his calculations on the Monetary Base (M0) and the money supply measurement M1.  HIs formulas have closely coincided with gold prices in the past and he's of the belief they will again. The big shocker is that according to Tony's work, the Dow is worth 60,000. Even higher than Martin Armstrong's Dow 35k. Amazing. 

Once upon a time people looked up to the Fed and believed that they had the power to determine the future. There are still those true believers, who think the Fed can do no wrong. But history has taught us otherwise. While the rest of the world has been opening the monetary spigot at full blast, the Fed was tightening. Now that's all changed. And watch gold and silver continue to thrust forward. $1500 is right around the corner!

Nichole Stohler had a good job working for a tech company. She and her husband Mike got into real estate investing for the usual reasons, to build wealth and passive income. However, they bought properties for no money down and in less desirable areas. They got in over their heads and wound up giving their properties back. They started over again, but this time Mike got a job as a property manager and they learned the business from the ground up. Now they're successful real estate investors and Nichole teaches others how to do it and has a new real estate podcast. It just shows the value of persistence. 

President Trump did the unthinkable, he increased China Tariffs and the market may never be the same. According to Jeff Ferry, companies are abandoning China like the plague and the US is decoupling its economy from China. Wages have been booming and the employment numbers are still strong. Turns out wages have been growing at a 5 percent annual clip. Growth industries are essential to the country's economic growth. And this is great news for America!

RC Peck is a pragmatic investor. He believes in letting the market tell you the truth, rather than trying to find it on a financial tv show or website. He's observed that escalating gold prices are trying to tell us something. We may not be able to figure it out right now, as sometimes history is the best judge. But that doesn't mean you shouldn't be paying attention. He's of the opinion that the recent price rises reflect growing investor nervousness with the status quo. In addition, there are fundamental market changes taking place. The US dollar increasing along with gold prices, the breakout from 6 years resistance, etc. All things considered, when the signs are so strong you need to pay attention!

Rob McEwen is a mining legend. Rob is Chairman and Chief Owner of McEwen Mining Inc. He's perhaps best known as the founder and former Chairman/CEO of Goldcorp, one of the largest gold producers in the world. Starting in 1993, and over the course of 8 years, he consolidated five companies into Goldcorp. During his thirteen year tenure as CEO, its market capitalization grew from $50 million to over $8 billion, with its share price growing at a 31% compounded annual rate. While others would be content to rest upon their laurels, he then founded McEwen Mining, which is a producing miner that's engaged in extensive exploration and development of new and existing deposits. So much for retirement. His legendary status continues to grow. 

Ken Berry’s company, Northern Vertex - recent FSN Sponsor - started producing gold at exactly the right time and place (Arizona). For every $100 gold has gone up, that’s another $4 million added to the bottom line. And if gold really goes up, Northern Vertex could really cash in. The project has taken upwards of 15 years to complete and Ken describes his emotions watching the first Doré bar get poured last year and how they continue to stamp them out. 

Still in Vancouver so haven’t had a chance to do detailed shownotes. Will take of them when I’m back, but didn’t want to delay release of the Major Monthly Market Review. Enjoy!

We sit down with three junior miner CEO’s who are looking at good times ahead. Jim McDonald - Daniel Major - Richard Spencer.