Kerry Lutz's--Financial Survival Network

We talked with our sponsor, Trilogy Metals's new CEO Tony Giardini about the latest developments. Tony has the required skill-set to see this massive project on to completion. Most recently with a stint as CEO at Ivanhoe Mines, and before that EVP and CFO at Kinross, he brings decades of experience with similar large scale remote projects to Trilogy.

As Janice Stairs, Trilogy's Chair of the Board said, "... We will greatly benefit from his wealth of experience with joint ventures and large capital projects, his proven track record of building and leading successful teams, his capital raising expertise, and his track record of executing strategies that increase shareholder value..."

Next on the agenda is getting approval for the needed road that will connect the project to the Dawson Highway, which will set the stage for the mine buildout and eventual production. When asked about the recent copper price decline's affect on Trilogy, Tony indicated little concern. Production is a ways off and no matter what, the world is going to need more copper. Trilogy's cost of production will be in line with the lowest cost producers, making it profitable even at today's prices. And of course there are the credits that will accrue from gold and other metals that are present in abundant quantities at the project.

The road permit could be issued in just weeks and that will be a game changer for Trilogy. It should be a major catalyst for the stock too. Then we can expect major progress towards construction of the road and the eventual completion of the mine. All in all a great place to be. 

Ross Beaty has a habit of being in the right place at exactly the right time.  In 2013 Beaty and his group perceived that in an effort to offset declining petroleum revenues, the Ecuadorian government was on the verge of liberalizing archaic mining laws and letting out extremely promising unexplored concessions.  

In 2018, predecessor company Lumina Gold was awarded 32 mining concessions. 2019 was a milestone year, which saw large scale projects Fruta Del Norte and Mirador come on line.               

The Company currently has 3 key assets and 2 world class partners: Condor which it is exploring iselft; and two separate earn-in agreements with BHP and Anglo American on its Tarqui, and Pegaus A&B concessions. Luminex also holds several other early-stage Ecuadorian exploration concessions.

In mining, management is always the key to increasing shareholder value. However, Luminex has something else that few if any mining concerns possess, long-term loyal committed   management. CEO Marshall Koval and SVP of Exploration Leo Hathaway have been working together since 2004 on a number of the Lumina Group's projects.

During this time, they've helped return over $1.6 billion to shareholders and judging from this interview they have many more successes ahead of them. It's always a good idea to bet on the winners. 

Company website: www.Luminexresources.com

Stock Ticker Symbols: TSX.V LR OTC:LUMIF 

The more things change the more they stay the same. There were 28 credit collapses in Mesopotamia and an early credit collapse in Greece. And thus the pattern was struck. Fast forward to present time and now we have the mother of all credit busts. Dan believes it was in the process of happening, back in September during the Repo crisis. There was too many assets floating around and too little cash to finance them. This led to the Fed to step up and prop up the markets with hundreds of billions. The Fed wasn’t going to let there be a deflationary depression. And there’s always one party who will borrow unlimited amounts of money and spend it as fast as possible, Uncle Sam. Dan likes junior miners because they generally have no debt. Their capital structures can be unbalanced but they aren’t generally debtors. 

For now FreedomFest is a go. We’ll know more next week. Mock-trial will be a debate about the pandemic response. So far 1100 people are signed up and there should be at least 2500 people attending. Mark is doing everything in his power to make the show happen. As a fellow libertarian and proponent of liberty, Mark is outraged by what he views as an unnecessary draconian measure. He's extremely concerned about the prospect of rampant inflation. Therefore, postponing FreedomFest is an absolute last resort. No matter what happens, we will be there. 

Is the trend bearish or is the decline behind us? The S&P rallied 35%, in line with prior bear market rallies. You can celebrate making back losses or try to figure out what’s going to happen next and avoid more losses. You should always remember that many of the talking heads are traders and they’re time horizon is much short than the average investors. Don’t get suckered. Timing is everything. We also discussed the appearance of millions of deferrals. People can't afford to pay their auto loans, mortgages and credit card bills. Creditor are only too happy to defer payments, but is that a solution? Eventually the debt will have to be payed back or defaulted upon or forgiven. Which one are we heading for? 

With the sudden emergence of  the Coronavirus Pandemic, companies like GM are cutting their dividends. It's what they have to do to survive. While it was very clear, for very long that the stock market would eventually crash, no one foresaw a pandemic. When will the recovery take place and when is the best time to invest are two issues we discuss. 

The people running states like New Jersey and cities like Chicago know they’re broke. Ridiculously generous public employee pensions – concocted by elected officials and union leaders who had to have understood that they were writing checks their taxpayers couldn’t cover – are bleeding them dry, with no political solution in sight.

What has been going on with precious metals prices for the past decade? Much of the price is still dictated by the large traders on the Comex. Price discovery can only take place in a free market with equal representation of both the buy and sell side. What’s actually happening is that a hand-full of paper derivatives traders control the price and control the markets. This is a case of the tail wagging the dog. A few paper traders dictate to the real metal world, what the price will be. However, these large traders are in the process of losing their stanglehold over gold. Not so much for silver. It's still being held down by the big traders. The big players went short in gold a year ago and have been stuck on the short-side ever since. These large traders who’ve never taken a loss are out $6-7 billion. This indicates that they're losing control. JP Morgan is the exception, having broke ranks with the big traders. They have managed to slip out the back and go long. They’ve accumulated an incredible amount of physical gold and silver: 25 million ounces of gold for an unrealized profit of $12 billion, and 1 billion ounces in silver for which they have a small loss. 

John Foley, is a former lead solo pilot of the Blue Angels. He says: This is an important mission because awe is a powerful human experience that unlocks a transformative state of mind. When we witness something larger than ourselves, it opens us up to unforeseen possibilities. In that heightened state of awareness, we see what others don't, and we have the confidence to take action. That's what we need in this world today. 
 
He looks back at his Blue Angel years with incredible gratitude. He remembers the feeling of hope, inspiration and excitement that a flyover can bring to the crowds below. Amid the current crisis, the team is standing down from their normal show schedule, but they have found a way to share their "purpose larger than self" with a country in need. Safe in our homes, we can only imagine what it means to be on the front lines, but I believe it's within each of us to rise to the occasion, to collaborate and give back to those who are risking everything to keep us safe. 
 
John shows you how the ability to confront fear and attain clarity could be just what you need to get through the tough times of today and prosper. 

First off, is anyone really surprised about the Biden revelations?I’ve been saying for months that he would never be the nominee. The me too revelations have been planned for months, assuming Biden wouldn't voluntarily drop out.

Special note to Jimmy Dore, Krystal Ball and Cenk Uygur, you are truly useless idiots and complete dupes and fools. It wasn't bad enough you got scammed by Bernie Sanders in 2016, but now yet again in 2020. How could you all possibly be that stupid. Whatever happened to fool me once, shame on you; fool me twice, shame on me. 

More about the Coronavirus lockdown scam. The governors have no cojones, be they red or blue. Besides Brian Kemp that is and North Dakota governor Kristi Noem. 

Depending upon your point of view Governor Gretchen Whitmer is either the Eva Braun of Michigan or the Comrade Bill DiBlasio

Dr. Fauci is a deep stater and who knows what Dr. Birx is.

The people are going to end the quarantine sooner rather than later. If the sheeeple are starting to rebel in the People's Republic of California, then it will happen all over, except maybe New York and New Jersey. 

Why are we quarantining the well to protect the sick, it’s never been done before! Hats off to Elon Musk, my new libertarian hero for calling them out. Fascism and house arrest go hand in hand. 

This is the biggest failure of Trump’s admin, but he will never pay the price, he was only following medical orders.

If war is too important to be left to the generals then certainly pandemics are too critical to be left to the doctors! 

Cuomo and Comrade diBlasio have blood on their hands. How could they ship Covid patients back to nursing homes only to infect other residents and cause mass death? What is their justification for this wanton act of gross negligence or perhaps intentional murder? 

And to the NY TImes, you are a corrupt organ of the Dem Party. Your charts and graphs have been made purely to scare the public into compliance with draconian measures. The media has committed suicide. You might not have understood it before, as you attacked engaged in non-stop attacks on capitalism for the past 4-5 decades, but you are capitalist entities, dependent upon the success of your advertisers and the capitalist system as a whole. By panicking the public and the politicians, you caused a complete shutdown of the global economy. And guess what happened, you advertising revenues cratered leaving you near bankruptcy and a major casualty on the war on capitalism. Congratulations for being the economic morons that you obviously are. 

It’s clearly a case of the so-called cure being worse than the disease. No doubt Covid 19 is a very serious virus, however, closing down the world economy and alienating everyone with social distancing and limited travel will have far worse consequences. People who required elective medical procedures will wind up having with incurable cancers and other diseases that could have been helped had they been treated timely. And the toll on the medical staff, doctors, nurses and technical staff has been severe. They often didn’t have proper protective gear and caught the virus themselves or spread it to others. Hopefully a sound analysis will be done and these problems will be remedied before the next pandemic hits. 

Stock markets recovered much of their March losses Dow up 11 to TSX.V up 21 percent. VIX or the fear index calmed down to 34.5. Currencies fairly flat for the month. 10 Year yield declined to .64. Bitcoin down up 38%. Gold fluctuated but closed 7% to 1687. Silver up 7.3% to 14.94. PT down 6%. PD down 16.5% for the month. Copper recovered 6.3% to 2.35. WTI declined another 8%. Brent 11%. Natgas up 18.9% to 1.95 per mm. Uranium up 25%. 

Ratios: Au/Ag 112.9 - Pt/Au .45 -Pt/Pd .40 -WT/HH 9.7 and AU/WTI 89.5. 

Dr. Stephen Sinatra is a highly respected cardiologist whose integrative approach to treating cardiovascular disease has revitalized patients with even the most advanced forms of illness. He came on to discuss: Coronavirus Treatment; Prevention, ways to become naturally resistant to the virus; Nutrients That Help Support Your Immune System Against Coronavirus, Cold and Flu. He gave 7 Reasons Why Exercise Is More Powerful than a Drug. How to Lower Your Blood Pressure Naturally by Reducing Stress Dr. Sinatra’s expertise is grounded in more than 40 years of clinical practice, research, and study beginning as an attending physician at Manchester Memorial Hospital (Eastern Connecticut Health Network). His career there included nine years as chief of cardiology, 18 years as director of medical education, seven years as director of echocardiography, three years as director of cardiac rehabilitation, and one year as director of the weight reducing program. In 1987, Dr. Sinatra founded the New England Heart Center. Through it, he became a well-known advocate of combining conventional medical treatments for heart disease with complementary nutritional, anti-aging, and psychological therapies. Today Dr. Sinatra is active primarily as an author, speaker, and advisor for the research and development of nutritional supplements.

It is incredibly important that the US get to the bottom of what transpired at the start of the corona virus outbreak, according to Secretary of State Michael Pompeo. He said that the Chinese Communist Party needs to “come clean” about how this all began in order to save lives going forward. “We need our scientists, our academics, our epidemiologists all to have access to the data, access to a sample of the virus, access to the places it might have come to.” 

When asked by a reporter if Washington should rethink the US-China relationship Pompeo noted that there’s places that the US can work alongside China while there are other areas such as trade where there is unfair treatment.

Pompeo pointed out that the State Department also is concerned about developments in the South China Sea where China is aggressively claiming territory beyond accepted international limits. He also pointed out that Huawei, a Chinese telecommunications company that is controlled by the Chinese Government, is courting countries around the world. The results, he said, is that American citizens’ data may be subjected to scrutiny by the Chinese Government if it crosses over the Chinese G5 network. 

Richard is in Thailand where the virus never took hold despite the fact that thousands of Chinese visited prior to the outbreak. Assuming the virus doesn’t return, we’ll be viewing this as one of the great economic experiment in history. In the US, credit growth has been the great driver of economic expansion. When credit growth slowed or ended, we saw recessions take hold. During 2008-09 credit growth slowed and the Great Recession ensued. Then the Fed reflated with asset inflation. Now we’re in a new paradigm. The virus has been a huge blow to the credit based economic growth cycle. The Fed is doing everything in its power to keep the credit bubble growing. What will it look like after the Virus? If we let everything collapse then the government’s debt will explode anyway. $5-10 trillion in new debt is coming. The Fed will have to underwrite it. Their balance sheet has expanded 52% in the past 6 weeks. What would happen it there’s no new inflation and the world doesn’t end? If not, we’re living in a new economic environment. It will be a brave new world. Make sure you take advantage of Richard’s special offer to MacroWatch, just use the code FACTS. And sign up 

As Karen says, we're seeing an attempt by petty tyrants to micromanage our lives. People are fed up and they're reaching their breaking point. What will push them over and cause a mass movement against the wannabe dictators. If they don't back off soon, they're going to find out shortly. The time for quarantining is over and it's time for everyone to open their businesses and get back to work. 

As editorial director at the American Institute of Economic Research, Jeff has been writing about the authoritarian response of the government to the Covid 19 crisis. He warned that the lockdowns were coming and he was totally correct. Now he believes that the backlash has begun. People are opening their businesses and resuming their lives without the blessing government. The political backlash is going to be even worse. Anyone who had any role in the lockdown is going to thrown out of office. Good riddance and thank you Jeff for sounding the alarm on these tyrants. 

There are decades where nothing happens and there are weeks when decades happen. -Vladimir Lennin. 

Everything Gordon and I have been talking about has come to fruition. The size and magnitude of the problem has been grossly understated. Oil companies, state and local government debt. Globally it’s even worse. 50-60 percent of S&P profits are coming out of the global economy. The forward PE is 20, higher than at the peak. Other than the US markets, everyone else’s are imploding. What we’ve seen in terms of monetary and fiscal policy is unprecedented. We’re attempting to bailout the world and it won’t end well. In the next stage we will lose confidence in the government and the currency. You can always count on politicians to print money and then getting it into the right hands. The PPP was a complete scam. The rats are deserting the ship. 

Something was going to pop these bubbles and it just happened to be the Coronavirus. Oil crashed again to $12 per bbl. Diamond Offshore just went BK. Offshore drilling is super costly and their oil has no market. 27 oil tankers off the coast of Long Beach and even more off the coast of Singapore. We’re almost at the point where there’s no more storage capacity. Until we start driving and flying again real soon. Shale oil junk bonds are worthless. The oil producing countries have either cut spending dramatically or they have to borrow a ton of money that isn’t available. Money center banks, hedge funds and pension funds are going to see massive losses. It starts with oil and ends with Illinois. States will go bankrupt. Trump asked why we should bail out Blue States. The number of things that blow up become catastrophic. The Feds have no choice but to bail out everything and that’s the end of the dollar, as we know it. There’s not a hedge fund left after the big bang! 

New York Based - Attorney Jonathan Bell (BellLG.com) is a Labor and Employment Attorney and the Founder of Bell Law Group, PLLC.

Jonathan Bell discusses:

• Coronavirus Job Losses Could Total 47 Million While Unemployment Rate May Hit 32%
• Potential Future Lawsuits Against Employers Over The Coronavirus
• What are three ways that Coronavirus may create lasting change at the workplace?
• How the Family and Medical Leave Act applies to the coronavirus 
• Companies' Legal Obligations Around Coronavirus
• Furlough Vs Fired

And many other important topics. 

It happened in London in 1665, the Black Death was taking a 20 percent die-off toll. In 1666 the great fire of London happened. Most homes were destroyed. In the 1550’s there was a credit shortage along with a touch of plague. According to Bob, the diseases don’t do the market in, the markets do themselves in. The economy was going to turn down with the stock market no matter what, and then Covid 19 came along.

The entire event has provided another example of ambitious leftists trying to increase their power and doing immense economic damage in the process. You can expect gold prices to stay strong and gold mining profits will continue to be extremely healthy. We’re in for a great market for juniors. Silver will outperform gold as always. It's just a matter of time. 

According to Gerald Celente the Covid 19 lockdown has been totally overblown and it has destroyed the global economy. One of the top trends for 2020 outline in the Trends Journal was New World Disorder, including much civil unrest throughout the world. Violence, poverty and corruption. They were rioting around the world because the economy was going down, fast. Car sales tanking worldwide. China, worst GDP growth in 30 years. The psychopathic politicians are driving the world back into the Stone Age. The pandemic models have been completely fraudulent. The deaths have been nowhere near what had been predicted. Don’t believe anything. The big question is will they ever open the economy up again?

When we last spoke with Gerard Lameiro several weeks ago he predicted that there was an 80 percent chance that the worst of the pandemic would pass sometime between April 15 to May 15. And it appears he was correct. While you might not read it in the New York Times, it does indeed appear that the worst is behind us. And now several states are reopening with more on the way. Let's see what happens next. 

Bold captains are required for rough seas. On the surface the two could not appear more different. Churchill was an amazing orator and Trump is an amazing tweeter. Churchill was a drinker and took afternoon naps. Trump is a teetotaler and hardly sleeps at all. They were both prepared to take advice from experts and advisors around them, however they always acted on their gut. In the end, both of them were always proven to be right. Both have been continually derided as being wrong and wreckless, however they were always right in the long run. And they each have their failings, as do all men. Does the man make the time or does the time make the man? Their life experiences and what they learned prepared them to be the right men for their time. And time will tell. 

Craig Hemke and I have been warning you for many years that we would one day arrive at this point and here we are. $6 trillion in stimulus, oil trading at negative prices, people locked down in their homes and the global economy in shambles. 2008-09 was a dry run for what we are facing today. Gold stocks like Newmont and Barrack may be the only stocks with increased earnings. Perhaps mining companies should be buying energy futures as this is a major cost center for mining. There’s lots more here that you need to listen carefully to.