Financial Survival Network, Released on 6/30/20

On Monday 6-29-20 mining stocks are taking a major leap forward. We discussed Auryn Resources (full disclosure sponsor and we own the stock). Seems like junior miners are having their day in the sun. Rick Rule says a correction is coming. So what to do, sell and then wait and buy back after the decline, or take your investment off the table and reinvest? John and I do our best to confuse the issue. Then we discussed the possible collapse of the Three Gorges Dam and the Stock Market. If the dam gives way we could witness the largest natural/manmade disaster in history with millions dying and 40 percent of China’s economy would die on the vine. The dam produces more electricity than any other power plant in the world. It could leave 30 percent of the country in the dark. Finally John discusses the left’s hypocrisy over Covid 19. It’s okay to riot but not to have a political or to demonstrate against the lockdown. Sounds like a double standard to us

John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney’s James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980’s on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990’s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.

  coronavirus, covid 19, economy, gold, pandemic, stocks