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Top Three Videos – October 31, 2023

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Rafi Farber: US Bombs Syria as Gold Breaks $2,000, Silver Lags, Mining Stocks Baffle

Arcadia Economics...

Summary

Investing in gold and silver is a wise decision due to the potential for a looming financial crisis, inflation, and the possibility of a major war.

Key insights

  • “We’re closing in on the final financial crisis and we see that from the abysmal action in the minors but this has happened before especially just prior to the financial crisis of 2008 and it is happening again and we know what happens. After that they print money.”
  • “These narrowly tailored strikes in self-defense were intended solely to protect and defend US Personnel in Iraq and Syria.”
  • When gold and silver mining stocks perform poorly relative to gold and silver, it often indicates that a financial crisis is imminent, and once the Federal Reserve starts printing money, these mining stocks are likely to skyrocket.
  • “Hyperinflation is unstoppable because the parabola has to continue, it must always keep going higher and higher and higher, and there is no stopping it once you start the fiat currency system.”
  • “The final round will be gold and silver and once gold and silver go parabolic. They will stay there because there will be no more dollar and then there will be a Global Currency Reset based on gold and silver because there will be no other option.”
  • “The Yen has broken 150…this is why Japan must end yield curve control because look at its Consumer Price inflation for food prices. They’re going up at 9% annual.”
  • “The deflationary trend continues here with the money supply continuing to fall which means that the stock market US Stocks mainstream stocks will continue to fall and we’re getting closer and closer to the final financial crisis.”
  • “If a major war does break out, the metals are going to be the safest place to protect your wealth.”

Baptiste Project and Strategic Partnerships Define FPX Nickel's Ascendancy | Martin Turenne

The Deep Dive...

Summary

FPX Nickel is a Vancouver-based mining company that is strategically positioned to meet the rising demand for nickel in the green economy, with strong partnerships and a low-cost extraction method, making it a promising investment opportunity.

Key insights

  • The strategic partnership between FPX Nickel and a joint venture between Toyota and Panasonic speaks to the credibility and progress of the company’s project.
  • The transition to a low carbon green economy and the demand for nickel in high-performance EV batteries highlights the importance of finding alternative, friendlier sources of nickel to reduce geopolitical reliance on China and Russia.
  • FPX Nickel is advancing the Baptist project, which is one of the world’s largest and most attractive undeveloped nickel deposits located in central British Columbia.
  • The preliminary feasibility study values the project at over $2 billion US, making it a robust and lucrative opportunity for potential acquirers in the mining industry.
  • At the base case nickel price assumption of $8.75 per pound, the Baptiste Project has the potential to generate nearly $600 million in annual free cash flow for 29 years, making it a highly profitable and economically robust venture.
  • The strategic partnerships with Toyota and Panasonic signify the potential for significant growth and opportunities for shareholders in the future.
  • The fact that 177% of the company’s issued and outstanding stock is owned by the board and management suggests a high level of alignment and commitment among the leadership team.
  • FPX Nickel’s entry into the environmental impact assessment process is a significant milestone that demonstrates their dedication to obtaining the necessary permits and working closely with the government and indigenous partners for a fully permitted project.

Can Gold Make Monthly & Weekly All Time Highs?

The Daily Gold...

Summary

Gold is expected to have a potential breakout and reach all-time highs, while silver is lagging behind and may continue to do so in the short term.

Key insights

  • Gold and silver outlook for the coming week and beyond will be discussed in the video.
  • The current trading price for gold is around $2013, suggesting a potential increase from the previous week’s close at $1199.99.
  • A major breakout in the gold market would require a monthly close around 2025-2030, indicating that the market is on its way to breaking out in the daily and weekly sense.
  • The weekly chart shows three consecutive closes in the range of 2025 to 2028, indicating potential upward movement in gold prices.
  • Gold is currently battling its weekly resistance at 200000, and if it manages to break through, it could potentially see a significant breakout.
  • Silver’s recent performance has been relatively weak compared to gold, indicating a discrepancy in their market actions.
  • The gold-silver ratio, currently at 87, suggests that if it reaches the target of 91 and gold trades up to 2050, silver could potentially reach around 23.
  • Gold’s price movement often involves retesting the 150-day moving average before breaking out, which could indicate a potential correction before a breakout.

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