IICS: RIO

Showing posts with label RIO. Show all posts

2022-07-05

Socialists Destroying the World

Chile killed Rio2 mine. Rio2’s Fenix Gold Project EIA is Not Approved

I didn't think they'd kill it, but they did. This is a highly volatile political environment because governments in power may be swiftly out of power. When the economy starts collapsing, they'll want to restart projects, but there will be no foreign capital, foreigners will be jittery from recent behavior and laws. That will lead to total wipeouts of these governments. Their idea is the minerals are valuable and they'll get higher prices, but as prices collapse in a depression, they'll be left with nothing.

2021-10-08

Steel Yourself

I see a repeat of 2011 here.

2021-08-18

Gold Fakeout or Breakdown?

A lot of gold miners are near support or have broken support. Below are a list of stocks that are worth putting on a buy list. I still think there could be one more flush lower when the Federal Reserve announces its taper. As I understand Powell's convoluted language, they will announce that they will later announce a taper, followed by announcing the actual taper date, followed by the start of the taper. Maybe the first two of those will be combined, but I don't expect that. What I do expect is a repeat of the taper tantrum. Last time, rates increase from the tantrum in May 2013 until the start in January 2014. China almost immediately hit a slowdown that would culminate in yuan depreciation and a final bottom for commodities in Januray 2016, led by gold bottom in December 2015. I'm not sure the economy can handle a 2-year slowdown at this time though. The question for a gold investor is whether the Federal Reserve reverses course sooner rather than later. There's still a long way to the bottom if the Fed unleashes another deflationary wave, but how long will it last? Have a buy list ready for whatever assets you would buy in a panic drop or a short, brutal correction similar to October to December drop in 2018.