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Oct 26, 2021 | 11:22 61
Quote Originally Posted by hobbyfrmr View Post
So far so good. I only had one problem with a hemp buyer in BC. Thankfully I had taken accounts receivable insurance on them. The credit check qualified them and quantified them. I refused to load the truck until they paid the uninsured difference up front. They could not seem to arrange those funds. I waited 9 months with the same tune. Finally I hired a lawyer to send them a registered letter to release me from the contract. Once that was in hand, one more phone call and the hemp sold to a more reputable hemp food company. That was a close call. That would have been a financial disaster for this farm.

I decided to learn about Bitcoin and now I am slowly stepping way from the government and banks. There is plenty of information on youtube and podcasts about bitcoin.
Good to see your still around hobby 👍👍 Reply With Quote

  • Oct 26, 2021 | 12:00 62
    Quote Originally Posted by furrowtickler View Post
    Good to see your still around hobby 👍👍
    Thank you, I appreciate it. I was lurking and then just lost interest.
    I have been following the pestilence tallys, cerb and govt printing $CAD to no end. I started looking for a defence strategy. The best I can gather is buy and hold some bitcoin. Its really volatile and fun to watch. Reply With Quote

  • Oct 26, 2021 | 16:33 63 Can anybody comment on energy ETF's like Nuttals Nine Point.

    Is there room left for more growth after recent run up?

    Is it still better than cash if we continue to see inflation and general economic breakdown? Reply With Quote
    jazz's Avatar Oct 26, 2021 | 17:25 64
    Quote Originally Posted by shtferbrains View Post
    Can anybody comment on energy ETF's like Nuttals Nine Point.
    Well just look where these companies were trading last time oil was triple digits.

    IMO they are trying to shunt inflation into energy and let it take the blame. Probably some Great Reset Bullshit coming like solar and wind wont cause inflation.

    The CEO of Blackrock said today the world is so short of energy he is expecting civil unrest. Reply With Quote
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  • biglentil's Avatar Oct 26, 2021 | 17:48 65
    Quote Originally Posted by shtferbrains View Post
    Can anybody comment on energy ETF's like Nuttals Nine Point.

    Is there room left for more growth after recent run up?

    Is it still better than cash if we continue to see inflation and general economic breakdown?
    If you want leverage on energy prices look no further then the zero carbon solution found right here in Sask. Uranium. 1lb of uranium contains the same amount of energy as a Super B full of oil. Uranium is only trading for about $40usd a lb. In 2008 it was trading at $140 so there is plenty of upside left and very little supply in the system.

    Either the lights must shut off or the price needs to go much higher. My favorite is ISO.V located in Northern Sask, I've been in from under a $1 and won't be selling anytime soon with the best uranium intercept in the world of 73% U308 over 9m at just 80 meters depth. Thats some unbelievable spicy ground, their property borders Cameco ground. By my calculations 1 cubic meter along strike has a value of $360,000USD in situ.

    There is also URC.V Uranium Royalty Corp. Royalty Co's are great as they are insulated from rising costs and risk is spread out between multiple producers. They receive a NSR (Net Smelters Return) right off the top usually for the life of the mines they helped finance.

    Sprott offers a Uranium Etf I do believe.
    Last edited by biglentil; Oct 26, 2021 at 18:16.
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  • Oct 26, 2021 | 18:48 66
    Quote Originally Posted by shtferbrains View Post
    Can anybody comment on energy ETF's like Nuttals Nine Point.

    Is there room left for more growth after recent run up?

    Is it still better than cash if we continue to see inflation and general economic breakdown?
    My charts have sell signals and suggest a 1-4 week pullback in both WTI oil and NNRG.

    Both the WTI oil and NNRG charts have room to go higher.


    I like NNRG above 28.34 but not below that price.

    I don't own it and haven't considered buying it until now.

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    I can't comment on the second question.
    Attached Images Attached Images  
    Last edited by wheatking16; Oct 26, 2021 at 18:50.
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    Oct 26, 2021 | 18:53 67 After seeing Mr Treudau's new environment minister it looks suicidal to invest in Canadian oil patch. Same for Uranium or anything that disturbs a full on virtuous environmental image.
    Last one broke turn out the lights on Canadian resource developers.
    How do you invest in offshore oil and gas?
    They are going to boom. Reply With Quote
    jazz's Avatar Oct 26, 2021 | 19:39 68
    Quote Originally Posted by shtferbrains View Post
    After seeing Mr Treudau's new environment minister it looks suicidal to invest .
    Use Canadian domiciled with large US operations.

    Or just jump out of country to Exxon and the majors or just buy oil futures USL. AB may be a punching bag but Texas aint.

    The more govt squeezes this resource, the higher it will go. The regulations backfire across the spectrum of society. Carbon tax is just a big boomerang right into the consumer pocket. Reply With Quote
    Oct 26, 2021 | 20:33 69 Asian steel prices under pressure . . . .

    Now U.S. midwest hot rolled steel prices tumbled 6 percent in the past 24 hours. Deflation can reel-its-head in industrial sectors on any hint of drop in buyer demand.

    Crude rally now appears supported by intense fund buying this week. No one want wants to miss out on the inflation gravy train. ’Buy it’ while it’s hot, they say . . . . Reply With Quote
    Oct 26, 2021 | 20:46 70 What day is everything going in the toilet? Reply With Quote
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  • Oct 26, 2021 | 21:00 71
    Quote Originally Posted by jazz View Post
    A recession is in the cards for Canada for sure. The rest of the yr will be same as this quarter. Thats what happens when you spend your treasure buying votes instead of increasing productivity. We have all the inflation and no growth and no powder to throw at the next problem.

    The loon will be 65c and it will be preceded by a credit downgrade and then interest rate increases. I dont like to think about monetary policy.
    You made the same prediction regarding the Cdn $ last year when you shorted it. The Cdn $ dollar than went up and you bought it back when Biden got elected.

    Jazz you have state over and over that oils going to the moon, the Cdn $ does follow oil. Reply With Quote
    Oct 26, 2021 | 21:17 72 So your right on board with Mr Treudau's plans for Canada then Forage?

    He's your man?
    Cabinet looks good for us all? Reply With Quote
    Oct 26, 2021 | 21:24 73
    Quote Originally Posted by shtferbrains View Post
    So your right on board with Mr Treudau's plans for Canada then Forage?

    He's your man?
    Cabinet looks good for us all?
    My man was Paul Martin, since then there has been no P.M. or opposition leader worth mentioning.

    Just questioning Jazz's yearly prediction on the down fall of the Cdn$.

    Since you weighed in on the topic what does crystal ball tell you, or would you like let Jazz handle it? Reply With Quote
    jazz's Avatar Oct 26, 2021 | 21:43 74
    Quote Originally Posted by foragefarmer View Post
    My man was Paul Martin, since then there has been no P.M. or opposition leader worth mentioning.

    Just questioning Jazz's yearly prediction on the down fall of the Cdn$.

    Since you weighed in on the topic what does crystal ball tell you, or would you like let Jazz handle it?
    The credit down grades are coming Forage. Don't doubt that for a minute. The loon is getting a free ride on oil for now along with people fleeing the USD. That won't last.

    Remember being early is not being wrong. You should thank AB for keeping Canada solvent for now. Reply With Quote
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  • Oct 26, 2021 | 22:03 75 Paul Martin, the Finance Minister who laundered $250M back to the LPC, aka the sponsorship scandal, the guy who keeps his personal $30M fortune overseas as per the Panama Papers, yes he is great.
    Last edited by Taiga; Oct 27, 2021 at 07:19.
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  • Oct 26, 2021 | 22:22 76 Liked the man and most of what he was trying to do for Canada but he is no different than any other politician. Doesn’t matter the party they all get greedy and want to look out for their own best interests. Which he did. The list is long of politicians that could have been great and done the right things for all Canadians but somewhere along the way they get “distracted” from what their job description entailed. Reply With Quote
    Oct 26, 2021 | 23:44 77 At the very least Martin was the only and last political figure that could balance a budget, and even managed to have a few surplus budgets. No other party has managed this in the last 40 years. The present Liberal government is a real $hit show, both financially and ethically. Reply With Quote
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  • Oct 27, 2021 | 01:21 78 Hobbyfarmer mentioned Bitcoin.

    Today's Chart of the Day illustrates the relative performance of Bitcoin to Gold.

    https://klarenbach.substack.com/p/chart-of-the-day-bitcoin-vs-gold Reply With Quote
    Oct 28, 2021 | 22:12 79 U.S. economic growth now slowing sharply in 3rd quarter. Big miss by Amazon just reported. Consumer spending appears now in-a-tailspin.

    Bank of Canada claims they will stop printing money and hike rates by next April. Nothing to see here . .’. .

    Fed trying to slow the presses, stimulus has actually made central bank economic desperation even worse (IMO).

    Stock markets at record levels, on what? And inflation is here to stay even though consumer spending appears to be kicking-the-bucket.

    Manipulation is now butting heads with true economic reality . . . . Reply With Quote
    Oct 29, 2021 | 06:28 80 Marketers are using the ( shortage card ) to convince people to shop early and spend more for christmas presents this year. Tiss that special time of year ya know. Reply With Quote
    Oct 29, 2021 | 07:07 81
    Quote Originally Posted by foragefarmer View Post
    My man was Paul Martin, since then there has been no P.M. or opposition leader worth mentioning.

    Just questioning Jazz's yearly prediction on the down fall of the Cdn$.

    Since you weighed in on the topic what does crystal ball tell you, or would you like let Jazz handle it?
    So it appears that my #1 fan imbibed the Librano liquor and took a Rip Van Winkle from 2006 - 2015.

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    Oct 29, 2021 | 07:08 82
    Quote Originally Posted by Old Cowzilla View Post
    Marketers are using the ( shortage card ) to convince people to shop early and spend more for christmas presents this year. Tiss that special time of year ya know.
    Port of Los Angles and Port of Long Beach have to unload and ship out 60,000 containers by Halloween night as $100 per day per container penalties kick-in starting November 1st. But this won't remotely be able to be achieved and penalties won't fix the congestion. This is beyond the shippers control.

    Ironically, pre-Xmas inflation may turn into post Xmas retail discounts due to logistics and the slowdown in spending patterns . . . . Reply With Quote
    ajl
    Oct 29, 2021 | 07:18 83
    Quote Originally Posted by errolanderson View Post
    Port of Los Angles and Port of Long Beach have to unload and ship out 60,000 containers by Halloween night as $100 per day per container penalties kick-in starting November 1st. But this won't remotely be able to be achieved and penalties won't fix the congestion. This is beyond the shippers control.

    Ironically, pre-Xmas inflation may turn into post Xmas retail discounts due to logistics and the slowdown in spending patterns . . . .
    That is a great plan by worthless government idiots trying to solve a problem they created in the first place. I am sure it will work well. Kind of sad that we have to hope for a severe depression to come and save us from covid madness but that is the world we currently live in. Reply With Quote
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  • Oct 29, 2021 | 07:29 84 Give everybody a gift card at christmas it will have twice the buying power by end of January , WINNING !!!!!!!! Reply With Quote

  • helmsdale's Avatar Oct 29, 2021 | 20:04 85
    Quote Originally Posted by Old Cowzilla View Post
    Marketers are using the ( shortage card ) to convince people to shop early and spend more for christmas presents this year. Tiss that special time of year ya know.
    Considering the year that was had here, I'm thinking christmas presents for the kids will be spartan, and for the wife, hopefully she's happy with me holding a gift wrapped box somewhere around my mid-section?

    "What's in the Box?"

    But lord knows, that leads to more kids to buy christmas presents for... quite the conundrum! Reply With Quote
    jazz's Avatar Oct 29, 2021 | 20:37 86 US printed up like 10 Trillion and got 2% GDP. Canada printed up 500 B and got 0.5% GDP. Absolutely stunning. Reply With Quote
    Oct 30, 2021 | 08:00 87
    Quote Originally Posted by jazz View Post
    US printed up like 10 Trillion and got 2% GDP. Canada printed up 500 B and got 0.5% GDP. Absolutely stunning.
    Money printing has just made the financial cliff steeper for global economies. Wait until the discounts hit markets . . . central banks and their decade long rescue missions are pretty-much finished (IMO). Reply With Quote
    biglentil's Avatar Oct 30, 2021 | 08:03 88
    Quote Originally Posted by errolanderson View Post
    Money printing has just made the financial cliff steeper for global economies. Wait until the discounts hit markets . . . central banks and their decade long rescue missions are pretty-much finished (IMO).
    And then what? Reply With Quote
    jazz's Avatar Oct 30, 2021 | 08:48 89
    Quote Originally Posted by biglentil View Post
    And then what?
    Then CBDC Reply With Quote
    Oct 30, 2021 | 09:11 90 Central bank digital currencies, still conceptual in development. Cryptos appear to have pushed central banks into digital era.

    So what exactly is the future of money? How will the fallout in economies impact currency? I’m confused.

    All I know, its a trainwreck in the making . . . . Reply With Quote
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