HIDDEN CRACKS IN THE ECONOMY - How to Protect and Profit -- Looking at the Markets with David Moadel
hello and welcome to looking at the markets with david modell i am so glad that you're watching
this video i'm going to tell you some important things for your investing in your trading this
could seriously affect your portfolio if you're on the right side of the trade it could be a huge
opportunity if you're on the wrong side of the trade it could really hurt you so i hope
you pay attention to this whole video please in my opinion all hell will break loose in january
now they say volatility brings opportunity so i want to tell you today how to get ready
january will be a nightmare if you're not in the right assets the november jobs report provided
important clues that you won't hear about in the mainstream media but i'll tell you about them
the november employment report was a hot mess don't let anybody tell you otherwise and the
upcoming reports will be a lot messier believe me now in november the number of long-term unemployed
people that's people who were jobless for 27 weeks or more increased by 385 000 to nearly
4 million that's pretty discouraging to say the least the number of persons not in the labor force
who currently want a job that number increased by 448 000 to a total of over 7 million and amazingly
the bureau of labor statistics doesn't even count those individuals as being unemployed would you
believe it so that's how they skew the numbers but we know the reality of it now and the labor force
participation rate which is crucial declined to 61.5 percent in november that's not good
altogether there are more than 9 million fewer jobs today than there were just a year ago that's
how much things have changed and how bad it's gotten for so many people most importantly the
november jobs report had a cutoff date of november 14 largely missing the labor market consequences
of the huge spike in global illnesses and deaths all right so that huge surge that that wave
that happened of illnesses and people passing away unfortunately it's tragic but that wasn't even
the effects of that weren't even included in the most recent november jobs report because
they they cut it off right before that happened or most of it happened now those
consequences are coming in the next employment reports starting with the report for december
so mark your calendar the next bureau of labor statistics jobs report will be released at 8 30
a.m eastern time on january 8 2021. now i'm not saying that you should sit and do nothing until
that day you want to be prepared for it ahead of time you want to know what's coming and the impact
of this could easily happen before january but you know the the bombshell is going to drop on
that day that's for sure now the government will respond to this in two ways i can assure you of
this they're going to do two things first they're going to keep bond yields low so that businesses
will have low borrowing costs but here's the really big one they're going to print and
spend stimulus money i've talked about this before it's just going to ramp up because that's that's
what the government knows how to do best isn't it print money up which devalues the dollar
and spend it uh people are clamoring for that people are struggling we just showed you the the
numbers the unemployment figures and that wasn't even the worst of it because the next reports are
certainly going to be worse so i want you to prepare for the u.s dollar to head much lower this
is a chart long term chart of the us dollar index and you can see it's in a definite downtrend the
dollar is collapsing and crumbling and it's just going to get worse as the government does that one
thing they know how to do which is print up and spend more u.s dollars you can count on that one
happening so get ready for the next big leg up in gold and in gold miners the smaller companies have
the biggest upside of potential in my opinion and their stocks are oftentimes the most affordable
i'll give an example of what i'm talking about blue lagoon resources
if you want to get involved with it if you want to consider it on the canadian cse exchange
the ticker symbol is bllg and if you're in the united states or some other geographies
you can check out on the otc markets it is ticker symbol b-l-a-g-f it's right there on your screen
and i'll put it in the description below this video as well in case you want to
refer to that one and both stocks the the otc and the cse versions are trading right now under
a dollar as i record this very affordable and in my opinion they're trading well below their true
value and to me great mining stocks are all about leadership so i'll refer you again to blue lagoon
resources and i've had a chance to speak with the ceo and director mr ranavig he's had over 30 years
of business business experience he launched five business ventures in private industry he served
as the president of musgrove medals he was the chairman and ceo of continental precious minerals
so you know mr vigg has found great success uh in the past and he knows resources he knows minerals
he knows business and right now he's working hard to make blue lagoon resources the well the great
company that it really already is but you know he's really bringing some excellent leadership
to the company and blue lagoon's crown jewel asset is known as dome mountain
this is an asset with vast potential 15 known high-grade gold veins they've only explored one
of them all right so there are 14 remaining ones uh the company has plans to commence the largest
drilling program ever conducted on the property in january of 2021 coming soon so get ready for it
i told you big changes are coming in january and the company recently nearly doubled its
already large land position of 11 000 hectares to nearly 19 000 hectares and what i want to
do is i want to play right now for you it's it's really brief a clip of mr ranavig the ceo
uh he's going to tell you about the value proposition a lot better than i ever could
of dome mountain and why it's definitely a highly investable and value-added asset so check this out
well yeah uh that's one of the aspects of it is that you know already we have a mine plan
that shows us that we can get 85 000 ounces over the next uh you know dozen years but that's just
scratches uh uh you know the surface what i like about this project are you know a number of things
right you know it's it's it's proximity you know it's in a it's it's only about a 50-minute drive
to from a town of smithers british columbia which is a mining town about 15 20 000 people
uh you can you know drive right to the mine site you know all year round and that's a huge
deal in the mining business because often what happens is companies have to spend
just loads and loads of money on you know flying in because many of these properties are often
remote so you got to fly into helicopters you got to put up expensive camps we don't have any
of that we can have our workers you know drive to the mine site every day 45-50 minutes uh come
home have dinner you know with their family and kiss their kids uh good night and get back to
work the next day so i mean it's just a it's just an incredible opportunity from that perspective
and then of course then you know it's already permitted you know it takes years and years
to get these things permitted and millions of dollars well we've already got that that's already
done here and then you know there's uh beyond just the the mine itself you know the property
is vast right it's it's almost 12 000 hectares and 90 of it believe it or not has never been explored
and people in the industry look at that often and say wow that's amazing that you have
15 already known very high grade veins surrounding this mine but none of it not beyond the that small
little area 90 of the that property has never been explored and the reason really is is because you
know this is a private company it was a private company and you know had over 1200 shareholders
which is also something that's kind of unheard of and this um their philosophy basically was
to get this thing into production and uh just pay dividends which is very very you know typical and
common of a private company and it made sense but unfortunately through a series of
unfortunate circumstances for them they just weren't able to get there in the meantime as
i said earlier they kind of ran out of time and you know uh age caught up to them and
now they're 83 years old and not in the best of health so you know there's a there's a lot of uh
very very positive and solid things going on with this with this with this project that
millions and millions of dollars that have been spent on it and you know along we come
here towards sort of at the at the tail end to uh to execute on on getting into production and
exploring the rest of the property and capture the upside for uh you know for our shareholders
so there you have it mr ronavig ceo of blue lagoon resources and a really compelling
value proposition for the company and for the stakeholders and stockholders so this
is a past producing mine dome mountain and again 90 of the property never
significantly explored this is a company with a healthy cash balance of 6 million dollars
canadian in the in the bank no debt and you know all together 15 known high grade gold veins 20
kilometers of geological strike plus a 75 000 tons per year permitted gold mine in british columbia
canada a mineral rich full access year-round mining friendly jurisdiction in british columbia
the market cap of around 52 million canadian is well below the value
of the properties that this company controls and i see significant upside both for gold
and for this stock for blue lagoon resources so i want you to check it out and be aware of
what's coming in the economy and markets it's going to be big and i'm expecting huge things
just make sure you're on the right side of the trade if you want to learn more go ahead and
check out the description below this video and you know consider the stock if you're interested
all right and i'm gonna provide more updates on what's going on in the resources markets and
opportunities for you so thank you so much for watching and listening i will talk to you again
soon
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