edward truant

There are many rings to a gold bull market ladder, while some go down the vast majority go up and based on current commodity pricing I think we know which direction this is heading. China has another 5 years of gold purchases before their inventory equals that of the US (just as a benchmark).

@FrankLuntz @wmiddelkoop @pewresearch The Unintended consequences are always worse than people think they’ll be.

• 60% of American adults now have an unfavorable view of Israel 🇮🇱. • That’s up from 53% last year and 42% in 2022. • In both political parties, a majority of adults under age 50 view Israel negatively. (84% of Democrats, 57% of Republicans) 👉🏻 pewresearch.org/short-reads/20…

@franco_nomics @taxpayerDOTcom Canada is a democratic joke. We need broad based reform well beyond federal recall, but that would be a nice start.

We need federal recall legislation.

@AlderLaneEggs And yet our banks keep on blending and extending and relying on bogus income representations. Sound familiar?

Then there is the leverage and appraisals gone bad.. Well they can always go to Goeasy for $$$

@RealRickRule Pretty soon that infographic will include the Yuan :)

Save in twenty different currencies. Your choice Savers, check out Battle Bank

It’s been a long tumultuous hold period, but to the patient and persistent go the spoils. I took the opportunity to add 10% to my position recently during peak skepticism. And I’ll buy more if they get a negative outcome from the AZN Admin Court decision if it trades lower. Although at these prices, AZN is contributing negative equity value.

@ryangerritsen @ezralevant Someone should add the OECD GDP/Capita chart and an inflation chart to see how the Liberal promise doesn’t live up to the Liberal reality.

Witness a decade of gaslighting from the Liberals. Year after year they claimed to be making life more affordable for Canadians. It’s never happened. In fact it’s only gotten worse. What reality are their supporters living in?

@BrianGitt Please speak to our Canadian Prime Minister as he is still stuck in your old mentality and is cratering our economy as a result!

Policy matters. As bad as UK is, Canada is equally as scary…

@BarbaraBalCPC Quebec Inc., is alive and well in Canada, despite a disastrous scandal with SNC. Turns out, all you have to do is rename and everything resets. Who knew?

Elbows up.

@AdamBLiv I suspect this post will not age well

MSTR stock price is going to ABSOLUTELY EXPLODE over the next decade. The upside is GROTESQUE. I modeled Strategy’s share price using the Bitcoin Power Law and the CEBE framework. Even with bearish, basic inputs, the results are ridiculous. Setup: • Current: 766,970 BTC at $69,519, share price $125.23 • Assumed diluted shares outstanding: 379.425M • Amplification held constant at 35% via continuous preferred issuance, all proceeds buy Bitcoin • EV mNAV held constant at 1.12x • Bitcoin follows its 15-year power law growth curve • Current preferred stack: $10.336B • Current debt: $8.254B • Current USD reserve: $2.25B • Current annual preferred dividend burden: $1.12B Year-by-year CEBE output: 2026: $125 (today) 2027: $189 (1.5x), 881,356 BTC 2028: $278 (2.2x), 1,005,824 BTC 2029: $401 (3.2x), 1,141,342 BTC 2030: $567 (4.5x), 1,288,680 BTC 2031: $790 (6.3x), 1,448,349 BTC 2032: $1,083 (8.6x), 1,621,270 BTC 2033: $1,462 (11.7x), 1,807,168 BTC 2034: $1,947 (15.5x), 2,006,938 BTC Strategy goes from 766,970 BTC to roughly 2.01 million BTC in this model. That is a 2.6x increase in Bitcoin holdings, simply by maintaining the same amplification they already run today. Every time Bitcoin appreciates, reserve value rises. As reserve value rises, Strategy can issue more preferred while keeping amplification at target. That preferred buys more Bitcoin. That larger Bitcoin stack then compounds into the next move higher. It is a recursive accumulation engine sitting on top of the power law. Now the CEBE part, which is what common equity actually owns after subtracting senior claims: CEBE per share rises from roughly 140,193 sats to 247,009 sats. That is a 76% increase in common equity Bitcoin exposure per diluted share, even with the share count rising from 379.4M to 529.6M, about 40% total dilution. That is the whole game. The balance sheet grows faster than the dilution. The common shareholder still ends up owning materially more Bitcoin exposure per share, because the machine keeps converting rising NAV into additional BTC. This is what people miss when they stare at dilution in isolation. They see new claims. They ignore the fact that the Bitcoin base itself is growing. And it is growing on a power law asset. Strategy today: • 766,970 BTC • 35% amplification • $8.254B debt • $10.336B preferred • $2.25B cash reserve • $1.12B annual preferred dividends • EV mNAV of 1.12x So what are you buying? You are buying a corporate structure that already holds three quarters of a million Bitcoin, already has the preferred issuance engine online, already has meaningful cash coverage, and can keep scaling the balance sheet as Bitcoin rises. Under these assumptions, MSTR goes from $125 to nearly $2,000 by 2034. And that is with EV mNAV held flat. No multiple expansion. No speculative mania premium. No heroic assumption that the market suddenly decides to price the machine more aggressively. Just constant EV mNAV, constant amplification, ongoing preferred-funded BTC accumulation, and Bitcoin following its long-term power law trend. Oh yeah, and this also assumes the model behaves in a disciplined, mechanical way. Any accretive common issuance during euphoric phases would likely push the Bitcoin stack even higher than this projection. Obviously. They're gonna get to 2 million Bitcoin YEARS before this. I am absurdly bullish on MSTR over the next decade.

$AMQ.CN show large steps maintain strong grade continuity, this Cu rich area is growing nicely! Abitibi Metals Expands Western Down-Plunge Zone with 150m Step-Out, Intersecting 2.71% CuEq over 7m within 1.81% CuEq over 15m money.tmx.com/en/quote/AMQ:C…

Mark my words, this will go down as Canada’s largest White Elephant project in its history. @MarkJCarney please show Canadians the “business case” to justify something that will likely cost north of $100B and force future generations to pay for it? The whole idea is insane and particularly insane when you look at what is happening in California regarding their LA - SF line that after spending $16B now needs another $120B to be completed. Industrial scale corruption!

Affordability the best in a decade? What planet does he live on?

@BrianRoemmele Great for chasing sheep and cattle. Modern day rancher - forget the horse!

When I say garage builders are not waiting to ask permission or “go to market” to please the VC class, I am not theorizing. This farmer had a need to get to places at his farm to he built it in his garage. Like all inventions it don’t have to pass any test but his own.

So called Fast Money Funds managed by CTAs tend to accentuate flows, both up (January, early February) and down (late February, March). Are they now heading into equities? Well, that may depend on the direction of the next tweet… bloomberg.com/news/articles/…

@goldseek And a system cheapened by corruption, now at an industrial scale. This is what happens when empires are in decline.

What is the intrinsic value of the U.S. Dollar? Trust ...built upon devaluing promise$ to pay back in full? Sounds more like an immoral system with its core values including stealing & cheating others. This is not a healthy society. It is a culture corrupted by cheapened values.

Coming to Quebec and Ontario courtesy of the @liberal_party and @MarkJCarney . Mark my words, this will go down as the biggest white elephant in Canadian history! It will be $60-90B wasted with no “business case” (not even JT could make these numbers work) and future generations will be paying the bill for decades to come. Sad.

One of the many unintended consequences of the Iran War… bloomberg.com/opinion/articl…

@steve_hanke @drjimjonesceo And yet Canadians keep voting for them, despite the fact that it is an anti-Canada party.

Canada's GDP per capita has gone nowhere in the past decade. CANADA = A LIBERAL PARTY, PROGRESSIVE DISASTER ZONE.

WOKE DEI POLICIES Pierre Poilievre COMPLETELY dismantled WOKISM & DEI The Liberals vs Conservatives EXPLAINED