3 Sunday Morning Thoughts – June 8 Edition

Written by Bryan Lutz, Editor at Dollarcollapse.com:

Every Sunday morning I sit down to write a few thoughts to you.

The run last weekend went well.

I finished the 10km(6 miles) at 54:32 coming in at 28/132 runners.

Now it’s time for some thoughts on our first Sunday of June.

Sometimes these thoughts end up being about life, other times they are on gold, geopolitical issues effecting the markets, or the economy.

Here are three thoughts for this morning:

1. Old school silver stackers are probably taking nitros to calm down right now. Silver’s price movement has a long way to go… up. 

Silver actually broke out a few months ago.

Yet, it’s only now that we’re seeing the price action.

The hope for silver has really been charts like this one:

img via @TaviCosta

When silver moonshoots, junior miners are where the real money will be made.

I listed a few easy ones here.

They’re all retail investor dreams – little risk, big reward kind of stuff.

But, ETFs also have a long way to go…up.

This next chart is even more enticing because ETFs are easier to invest in…

Someone else has basically done the stock picking work for you.

And this ETF is about to push past resistance.

Let’s see what happens.

img via Jesse Colombo @TheBubbleBubble

2. Alan Dershowitz is a pedophile.

Being a lawyer is great cover.

One time I was sitting down in this soup kitchen listening to the past lives of people who had made some really bad decisions.

This native lady in her late 60s pretty much bragged about how much fun she had taking “candy” from a lawyer that frequented her local spaghetti joint.

Keep in mind, this was back in the 70s…

And she was an early teen.

She didn’t say much on favors, but she did get bail out after bail out when caught too drunk for safety at the reserve, or if she was caught making deliveries of a certain white powder.

About the lawyer she said…

“The man was charitable and kind.”

A lot like Mr. Alan Dershowitz.

Do you really have to visit your client’s private island around 30 times to talk about “paper work?”

At least, that’s the number on the flight logs.

3. Everyone is wondering where AI productivity will come from. Its affects are small for now. Just wait, there are always long-tail benefits of infrastructure development. But for now, it’s all about the infrastructure. Meanwhile, the herd can chase the blue chip stocks.

When the “dot com” bubble was about to burst you had headlines decrying the death of Amazon.

Like Amazon, some dot com businesses that grounded themselves in value creation, thrived.

Others with a whole lot of ideas and not a whole lot of traction, died out.

Backing all that action were companies laying thousands of miles in cable across the oceans, from one continent to the other…

And companies building warehouses full of centralized servers.

For example, Cisco, Ecom, and IBM were building the “picks and shovels” of the dot com era.

Today is different.

Data centers, microchips manufacturers, and energy producers (nuclear power plant development, uranium, hydro electric, oil and gas, solar) are laying the foundation for the tail-end of what AI will really be able to produce in the future.

But for now…

It’s all about the infrastructure.

There might be AI start-up after AI start-up, but they are mostly distractions.

What’s more, the biggest distractions are going all in on things like the Magnificent Seven, which have taken a lot of the easy money since Quantitative Easing kicked in during 2008-09.