More Money Printing Inevitable; This Asset Will Be ‘Explosive’ | Jon Deluce
Jon Deluce, CEO of Abitibi Metals (CSE: AMQ | OCTQB: AMQFF), discusses why the Federal Reserve may "take the easy way out" and sacrifice the fight against inflation to prevent a recession. This will pave the way for explosive moves for certain assets.
*This video was recorded on April 23, 2024 and is sponsored by Abitibi Metals
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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
1:12 - Gold and copper price recap
5:25 - Fed monetary policy
7:55 - Gold price outlook
9:18 - Copper outlook
19:05 - Copper mining
22:24 - Abitibi Metals
#commodities #stocks #economy
Пікірлер: 129
Coincidentally , I had an explosive move this morning
@shkottrendezvous6644
Ай бұрын
In what way?
@danrayson
Ай бұрын
@@shkottrendezvous6644 //looks at bitcoin price// idk man. :P
@martinellis7156
Ай бұрын
I hope you had a good supply of TP handy...hahaha..
@Fearzero
Ай бұрын
Eat more plants.
@bbustin1747
Ай бұрын
What the dividend ? 😂
Maybe we should start printing our own money to keep up with inflation.😊
@Fearzero
Ай бұрын
It's called bitcoin.
There is a limit on copper prices. After a certain point, aluminum and plastic will be substituted. Aluminum is not as good of a conductor, but you just have to make the wires a little thicker. Aluminum is also harder to work with, but there are work arounds. Copper pipes are great, but plastic pipes will be used instead if the price gets too high. As for Bitcoin, it is old technology. Transactions are slow and expensive. Bitcoin is the Atari 2600 of the crypto market. It will eventually be replaced by Nintendo.
They have already cut essentially. Reducing the FED balance sheet run off from 60b to 25b a month starting in June.
Inflation is here to stay! It definitely feels like it
@jaylinn416
Ай бұрын
I am stocking up on canned food.
@Theashleydenise
Ай бұрын
@@jaylinn416 very smart thing to do!
@romoore2094
Ай бұрын
It takes manufacturing and production to lower inflation and they won't do that. Govt has more power the longer inflation hurts us
@romoore2094
Ай бұрын
@jaylinn416 get dehydrated meat. And dehydrate your own too
@Theashleydenise
Ай бұрын
@@romoore2094 you are correct.
Because of high debt and high interest payments even if inflation is high recession will happen so fed rate should be lowered?
Thanks David!
Didnt he say 'which isnt inevitable ' ??
Hey David, you should get the Legend Robert Friedland from Ivanhoe Mining and Ivanhoe Electric which is a technology company that facilitates the exploration of copper and gold exploration.
Inflation will be managed within the constraints that remain. You’ll see it tend towards an inflationary environment with some dips as they do whatever they can, but it will get more and more difficult. It’s an absolute win win for Bitcoin holders.
right at the start this man claims "maybe they will start printing money again which is inevitable"...you cant use maybe then follow it up with inevitable.. Makes no sense
@cockyhemi-123
Ай бұрын
He’s a numbskull.
@trailguy
Ай бұрын
He mumbles his syllables. I think you’re right but I wasn’t sure if he said “isn’t inevitable” and of course he might have meant that printing will happen and it may or may not come in the short term. Either way, he isn’t a great speaker.
If gold goes to 10K an ounce my gold chain will be worth 25K. 😂
🙏🏼, very interesting.
the BRICS will be the first to introduce gold trade notes. and they will want to trade with the rest of the world too so as world currencies continue to disappoint, they will insist gold be used in trade. that is why banks are collecting it in their reserves. they will then offer gold-backed notes for trade, while keeping a strong backbone for their reserves.
Careful with your predictions! Expect 10 year yield to settle around 5.5%. This will rattle the markets!
Where are those Mark Bristow share buybacks that have been talked about for years?
Precious metals...are assets...physical...
@Fearzero
Ай бұрын
And yet we're in a digital world. #bitcoin
David isnt pressing him at all to not be so biased.
Pointed questions---Exc. interview.
David can you do an interview with Daniel Earle from Solaris Resources
So why didnt gold go up for past 4 years until only recently?
Gold is still on sale and undervalued. Gold will not realize its true value until the dollar crashes and becomes worthless, until then , gold will contine to be supressed via manipulation......
@Fearzero
Ай бұрын
Gold is centralized, has 3rd party trust, isn't finite and its highly manipulated and is negative 40% vs inflation since 2014. Bitcoin is none of those. It's +23000% since 2014 vs inflation. If you don't hold Bitcoin you're not being financially responsible in 2024.
@vanaverbeke
Ай бұрын
The stagnation of platinum that has no monetary history but same quality than gold (no oxydation, rare, dense and used in jewellery) seems to tell us that the hype on gold is not only inflation but a return of monetary value of gold. BIS change that accept Gold as Tier 1 asset is probably the most relevant move in the last years
@kevinhuddleston6438
Ай бұрын
The dollar is not crashing anytime soon... not in my lifetime anyway...
@sammyyourmammy8170
Ай бұрын
@@Fearzero way ahead of you buddy , you seem like a smart guy so I am guessing you are holding gold bitcoin and CASH
@Fearzero
Ай бұрын
@@sammyyourmammy8170 Got rid of the gold last year. Bitcoin, tech and some cash for dips etc.
The Stock Market seems to look at everything the Fed does and will do as positive and keeps going up. When will there ever be a real correction?
Looks like dollar found support at 105 will go higher from here and market will go down what you think?
@Fearzero
Ай бұрын
Dollar must go down. Japan is bleeding out. US will not allow Yen to die. Rate cut coming.
@dashymandm6240
Ай бұрын
@@Fearzero rate cut surprise will crash stock market?
@Fearzero
Ай бұрын
@@dashymandm6240 That's a short term possibility. Then risk on assets rip.
@SonicBonn
Ай бұрын
Dollar is going to crash sending stock markets, commodities, and crypto up up and away. Then that will crash too!
8 years? There must be many copper mines getting ready to go online.
David's hair suggests a storm is comin in.........
„Very explosive Gold market…!“ 😅
@cockyhemi-123
Ай бұрын
What’s so funny?
mining in canada . . .good luck mate
Back to ZIRP and QE Baby!!!
on 1.12.1923 1DM gold/ 1 trillion paper , I dont like paper
Bitcoin
The problem w gold is that it's so difficult to sell, use and costs to store off site. Government can confiscate it, as they've done. I can't verify that my gold is actually in the off site storage for me to store it is tricky. It's just really not for the every day investor
@bbustin1747
Ай бұрын
it’s only a problem when you are thinking you can do everything in life on a keyboard. In reality life isn’t that way. food and energy production isnt that way either.
@BubbaShaffer
Ай бұрын
@@bbustin1747 Nicely put!!
@cockyhemi-123
Ай бұрын
Government can freeze digital and bank accounts also
@BubbaShaffer
Ай бұрын
@@cockyhemi-123 They can freeze crypto too. I can keep my gold and silver on hand (in my vault). For me a mixture of tangible commodities is best. Maybe you are correct I am just expressing what I do.
@romoore2094
Ай бұрын
@cockyhemi-123 exactly so why is your capital that can be used to buy supplies you'll need in the future....prepare for what's coming bc it must definitely is coming. Food will be in short supply and Healthcare will only be for the ultra wealthy and those w. A good social credit score. It's obvious when you look at the history of the collapse of countries
Lol! Um Bitcoin is the elephant in the room.
@Fearzero
Ай бұрын
People get bitcoin at the price they deserve.
@trailguy
Ай бұрын
@@Fearzero and sell it at the price they deserve.
@Fearzero
Ай бұрын
@@trailguy That too. Lots of oops moments this last dip.
Explosive move? Like too much fiber?
If governments were smart and speeded up the lease and permit process instead of it being multiple years it would be done in months we wouldn't be having shortages I'm sorry about the environmentalist but you need to push them aside people have their needs to enhance Society there are plenty of places around the world that are protected for the Greenies
Stock market already priced money printing in today & yesterday ...
good guest speaker.
❤❤❤❤
Im sick and tired of all these gold bugs. Ive had enough. When I hear this i shut off the video
@pietbastaerts4006
Ай бұрын
The guy is a CEO of a gold miner. You expect him to be bearish in this environment??
perfect time to short copper.. when you see videos like this after the run copper has had you can assume we are at least close to a near term top and a correction is due ... for 30 years ive noticed whether its gold , uranium, copper or what have you when the crazy predictions start and the commodity has had a large run its over for at least a nice trade..
@mikedevere
Ай бұрын
It's tempting to agree with you and you're probably right in the short term, but the price of cper isn't much higher now than it was in 2012. Given the inflation we've had since then it's reasonable to expect further growth
@davenchop
Ай бұрын
@@mikedevere ..looks like copper refuses to go down.. had a small correction this week but then back up.. seems bullish
@davenchop
23 күн бұрын
well look at the bloodbath today.. wow copper was destroyed
BRICS aint sheeeet
Why would they want to print? We have sticky inflation. Printing will cause much worse inflation. So stupid.
Gold is a terrible investment. In the last year gold is up only 13%. In the same time period SPY is up 26%. QQQ is up 37%. Bitcoin is up 122%. Owning gold means staying broke
these ads showing women fighting for the bill is so ridiculous!! women rather have someone else pay!! always!!
@cockyhemi-123
Ай бұрын
Upside down world. 🙃
I like Gold but I only love Bitcoin
I disagree that gold will greatly appreciate in value in the future narrative (5x or more) because the price of gold is tethered to technology manufacturing for devices that use gold. This will constrain the price of gold. The reason gold went up in price in the 70's is because the US went off the gold standard and in a small part the US was in a recession. In the past gold only went up in price very slowly, but now is quite volatile At the time gold was not heavily used in technology. Gold is not a currency anymore and in just a commodity,
@cockyhemi-123
Ай бұрын
Gold has and never will increase or decrease in value.
This guy has no specifics on copper use case.
His forehead is blinding me
Gold is old. Buy Bitcoin. It outperforms it hugely.
@Fearzero
Ай бұрын
Exactly.
@Fearzero
Ай бұрын
Buy bitcoin miners and MSTR they quadruple bitcoin growth.
@cockyhemi-123
Ай бұрын
Aaaaahahahahahahaahahahaaaaa!!!!!!!
@garybacher236
20 күн бұрын
Personally I don't like Bitcoin I can't see it I can't hold it that the power goes out I can't use it really has no value except people perceive it to have a value which is like the currencies Jimmy golden silver is where it's at
@Fearzero
20 күн бұрын
@@garybacher236 Ummm first look at it's appreciation. 2nd understand what new technology has done to other industries. Think the telephone system, mail system, horse and buggy travel. You can't 'see' the internet, or a visa transaction, or 5g but if you'd invested in those infrastructures when they started you'd be a billionaire instead of a poor and getting poorer (inflation my dear) gold bug. 🤷♂️
This guy is so so biased to make gold go up.
@garybacher236
20 күн бұрын
So like the Bitcoin people aren't
Investing anywhere other than bitcoin during these early adoption years is inefficient
@superstar5123
Ай бұрын
clown
@Fearzero
Ай бұрын
@@superstar5123You certainly are. Gold is negative 40 percent vs inflation since 2014. Bitcoin is +23000% since then. Only a moron ignores Bitcoin in a digital world.
@BubbaShaffer
Ай бұрын
@@Fearzero And bitcoin can go to zero. I think the bitcoin is great in theory, I like the can not inflate part but because it is not tangible I have chosen to stay away. I don't understand the whole mining, storage, and block chain enough to be comfortable with it. I have seen where 3 billion have been stolen and more has been lost. Which is deflationary which should increase the price per coin but I would not want to be the one who lost or got stolen from.
Bitcoin gonna rip so hard. I just sold all my gold & bought another 130k in bitcoin at 56k. Let’s go baby!!
@Dave-tg1pu
Ай бұрын
Seems like you are a knowledge investor and have a feel when to move out of BTC. Can you share what you will be looking for? You picked a great entry spot to get back in.
@cockyhemi-123
Ай бұрын
Aaaaahahahahaahahahahahaaaaaa!!!!!!!
@Resmith18SR
Ай бұрын
You should have bought it at 70K. 😂😂😂