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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 

Condensed Articles

September 17, 2012

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SILVER
By Jeb Handwerger

Silver production comes mainly from Peru and Mexico where miners are facing significant challenges including violence.  Newmont is having to deal with violent protests in Peru which reminds us of what Fortuna Silver had to deal with in Mexico.  Right now, Pan American Silver is suspending investment in its flagship Navidad Project due to the rising resource nationalism in Argentina.  Pan American paid $500 million for the asset in 2009.  This project may be the richest undeveloped silver deposit in the world.

Similarly, Bolivia and Evo Morales are considering nationalizing South American Silver’s large undeveloped silver project amidst violent indigenous protests.  The company describes it as “one of the world’s largest undeveloped silver deposits.”  The company is planning to invest over $50 million into the project.  At the same time the Bolivian peasants have violently kidnapped five workers from the project.

Such turmoil in Peru, Mexico, Argentina and Bolivia may add to the world’s already existing shortage of silver.  This supply crunch is combined with rising political uncertainty in Egypt, Syria and Iran and economic malaise in the EU and the United States which is causing investment demand for silver to rise exponentially.

All signs are pointing to a possible global inflation which could propel silver prices higher.  We have record deficits in the U.S. where many citizens are looking to protect their savings from a potential devaluation to pay down record debts.  With the recent Obamacare Supreme Court Ruling entitlement spending will soar.