The Starlink Skyway

A New Road to Prosperity [Morning Reckoning] October 17, 2024 [WEBSITE]( | [UNSUBSCRIBE]( The Starlink Skyway Asti, Northern Italy October 17, 2024 [Sean Ring] SEAN RING Good morning Reader, As I look out the window of my new study, I thank the Good Lord I can live in the middle of rural Italy and still do my job. My parents are downstairs watching television, while my wife just made me a fantastic lunch. My son, Micah, is at school, and we’ll pick him up shortly. It’s truffle season here in Il Piemonte, and I’ve already sampled the goods. Since the weather has cooled, we lit up my fireplace for the first time this autumn. My best friend from graduate school visited the other night as he was driving through France and Italy. We had plenty of room at the inn. I thought this would be possible, but thanks to idiotic planning, Telecom Italia put the fiber optic cable on the wrong side of the street. That means my neighbor’s cows have broadband internet access, but I don’t. So, I had to consider an alternative that I had thought would be prohibitively expensive: Elon Musk’s Starlink. It’s simply the best thing that’s happened to my career since I’ve been in Italy. Elon’s satellite dish currently sits in my yard – yes, it’ll be on the roof soon – sending the signal from his satellites to my computer. That means I can have my cake and eat it, too. I can live in my happy place and do the work I love doing. While I’m thrilled at my luck, Starlink’s arrival really solidifies the movement out of cities and a monumental shift in global connectivity. Starlink is reliable, affordable, high-speed internet access that works anywhere. It’s a game-changer for individuals and businesses, particularly in rural and remote areas. Looking at the bigger picture, Starlink fosters a "dispersion expansion"—a trend where individuals and families relocate from crowded and expensive urban centers to more dispersed, often rural areas. This shift carries enormous implications for infrastructure, real estate, and the economy, marking the beginning of what I call The Starlink Skyway. [“Do NOT buy another ounce of gold until you see what came out of here…”]( [Click here to learn more]( Jim has just green lit a $1 million investment that he’ll tell you more about in [this on-location report…]( And he’s going to reveal a unique investment vehicle that can return 10X, 50X, even 100X your money in the coming years… But this window of opportunity will not stay open for long. [Click here now and see what Jim Rickards has found in this secret location.]( [LEARN MORE]( The Promise of Satellite Internet: Democratizing Connectivity Satellite internet, led by Starlink, OneWeb, and Amazon’s Project Kuiper, provides high-speed internet access by deploying a low-Earth orbit (LEO) satellite network. These satellites are closer to Earth than traditional satellites, which reduces latency (the delay before a data transfer) and improves internet speeds. Thanks to this, satellite internet has made broadband accessible to areas that previously had limited or no access, like mine. The impact of this access is profound. By extending reliable internet services to underserved communities, satellite internet connectivity becomes available to all. This means people in rural or remote areas can now participate in the digital economy, access information, and engage in remote work opportunities, giving them new possibilities and a brighter future. In many cases, the appeal of leaving congested cities for quieter, less expensive areas becomes viable and desirable because the necessity of being near urban infrastructure has diminished. Commercial real estate has been on a downtrend since Q4 2021. We don’t need as much of it anymore. Remote Work and the New Dispersion Expansion The COVID-19 pandemic’s government-mandated private sector shutdown accelerated remote work trends, and satellite internet further solidified them by expanding connectivity options. With Starlink and other services ensuring reliable internet, employees and employers are reconsidering the need for physical presence in densely populated cities. The aforementioned “dispersion expansion” shift reshapes real estate markets and local economies, particularly in suburban and rural areas. People are migrating from urban centers for affordability, space, and a better quality of life. Smaller towns and rural regions, previously limited by weak internet infrastructure, are becoming attractive options. This migration influences local economies in two ways: Increased Local Spending: As new residents bring income and spending power, they fuel local businesses and service industries. Real Estate Boom: Housing markets in non-urban areas are experiencing growth as demand increases, driving up property values and creating development opportunities. Economic Implications of The Starlink Skyway The economic effects of this shift are multifaceted. As people disperse, demand increases for infrastructure investments to support these new regional hubs. The need for expanded road networks, energy grids, and utilities grows as populations spread out. This infrastructural boom isn’t limited to traditional assets; the need for renewable energy, smart grids, and upgraded digital infrastructure drives demand for metals and other hard assets essential for modern infrastructure. As rural areas develop, there’s a renewed need for hard assets like metals, which are crucial for building infrastructure. Copper, for instance, is vital for electrical wiring and telecommunications, while lithium and cobalt are essential for batteries and renewable energy systems. These materials become indispensable as dispersed areas modernize and integrate with a greener, tech-enabled economy. As the new infrastructure expands, so do employment opportunities in construction, telecommunications, and tech industries. These jobs are not limited to installation and maintenance but also include roles in engineering, planning, and digital technology that grow and sustain these new networks. With more people and businesses relocating to less densely populated areas, rural economies, which have historically faced stagnation, are experiencing a revival. Increased tax revenues from new residents fund public services like schools and healthcare, enhancing the quality of life and making these areas even more attractive. The Starlink Skyway’s Challenges While the Starlink Skyway grants numerous benefits, it also brings challenges. The sudden influx of residents into rural areas strains existing infrastructure. Additionally, questions arise regarding the satellites' sustainability and the long-term implications of relying on space-based infrastructure. The increased infrastructure to accommodate dispersed populations has environmental implications, from habitat disruption to increased energy consumption. Furthermore, the production and deployment of thousands of satellites are raising concerns about space debris and the ecological footprint of satellite manufacturing and launches. Rapid population growth in rural areas will lead to short-term overburdened resources and services, such as water supply, healthcare, and schools. Policymakers and planners must anticipate and manage these pressures to ensure smooth development. While satellite internet has the potential to close the digital divide, access to these services is only sometimes affordable. For lower-income populations, the cost of satellite internet could still be a barrier, leaving gaps in connectivity. I currently pay 40 euros per month for Starlink and initially paid 225 euros for the equipment. Over time, the price should decrease for families with trouble making that payment. The Future of Work, Living, and Wealth Distribution As more people live and work remotely, the traditional notion of wealth being concentrated in cities is shifting. Investment opportunities are emerging in rural real estate, infrastructure development, and the metals essential for these projects. As prosperity spreads to new areas, traditional economic hubs like New York, London, and Tokyo may no longer be the sole wealth centers. This diversification helps buffer against regional economic downturns by spreading economic activity more broadly. The dispersion effect also leads to a rise in regional entrepreneurship. As new residents bring skills and capital to rural areas, they create businesses that cater to local needs, further driving economic growth. As infrastructure builds up, so does the value of hard assets. Investors who recognize the significance of metals and minerals in this new infrastructure are well-positioned to benefit. Furthermore, the push for renewable energy solutions in dispersed areas emphasizes the need for lithium, cobalt, and other metals, which will continue to be critical. Wrap Up The Starlink Skyway is more than just improved internet connectivity. It’s an economic and societal shift that redefines where and how we live, work, and invest. Satellite internet fosters a new era of economic growth and opportunity by enabling people to move away from cities and thrive in more dispersed areas. This opens up substantial investment opportunities and is one of the main reasons we’re so bullish on precious and base metals. As we look to the future, it’s clear that the Starlink Skyway will continue to influence society's evolution, spreading prosperity to new regions and challenging old paradigms. Understanding and harnessing this effect will be crucial for investors, entrepreneurs, and policymakers to navigate the changing political and economic landscape. All the best, [Sean Ring] Sean Ring Contributing Editor, The Morning Reckoning feedback@dailyreckoning.com X (formerly Twitter): [@seaniechaos]( [[Revealed] Is A Starlink IPO Coming In 2024?]( [Click here to learn more]( Take a look at this tweet from Musk pictured here. Could this be a sign that a Starlink IPO is set for the second half of 2024? According to one top venture capitalist, the answer is YES! And for the first time ever, you have the rare chance to profit pre-IPO… BEFORE Starlink goes public. [Click here now for all of the details.]( [LEARN MORE]( In Case You Missed It… The Stars Align Over Wall Street Greg Guenthner, Editor [Greg Guenthner] GREG GUENTHNER Good Morning Reader, I’m not superstitious. I don’t cross my fingers or avoid stepping on cracks in the sidewalk. I don’t turn my baseball cap inside out to help my team eke out a win in extra innings (RIP Orioles World Series hopes). And I certainly don’t wear a lucky pair of socks to help improve my trading results. Yet despite my focus on price and all things real and tangible on my stock charts, it would be foolish to completely discount many of the natural phenomena that infiltrate our minds and lead us to irrational decisions. We’re only human. As much as we try to fight it, we’re inexorably linked to nature – the sun, tides, moon, and weather. Yes, these so-called outside influences can have very real effects on our emotions and decision-making… Let’s also not forget how seasonal trends can shape the markets. I’ve written at length about how strong first-half performances like we saw earlier this year can lead to explosive melt-up moves during the fourth quarter. Of course, there’s no rock-solid guarantee stocks will streak higher into January 2025. But the stack of evidence in favor of an end-of-year rally is getting higher by the day. And while I wouldn’t use seasonality as the sole reason to buy or sell a stock, it can be a helpful guidepost for mapping out your potential trading decisions and how you view overall market conditions. When it comes to the unpredictable nature of trading, I’ll take all the help I can get — even if that means turning to some of the more unconventional approaches… Signs from Above The turning of the seasons, the sun, the moon, and religious holidays were swirling in my head late last week as I stepped outside to take a nighttime walk around my neighborhood. While the news might have seemed quiet in the aftermath of the second major hurricane in as many weeks, a lot was happening in the natural world. A series of solar flares had just sparked a massive geomagnetic storm, supposedly making the northern lights visible well into the southern US. I had to check it out for myself, so I made the trek to an area of my neighborhood that was (mostly) free of street lights to try to catch a glimpse of this southern miracle. I did notice some faint colors, but nothing quite as spectacular as this image shared by a friend who lives several miles north of us on a sleepy country road: Is this spectacular light show somehow forecasting an equally impressive stock market melt-up? I know that sounds a bit silly. Just bear with me… During my silent neighborhood walk, I realized the stars were literally aligning for a strong year-end push. Solar flares and coiled charts. What could be better? It’s easy to scoff at these natural wonders and how they affect our behavior. Yet we have no trouble referencing Keynes’ animal spirits when discussing the ebbs and flows of the markets. What about the conclusion of the Jewish holiday season? The old Wall Street adage “Sell Rosh Hashanah, buy Yom Kippur” has been a timely way to avoid fall volatility. (Yom Kippur concluded over the weekend, by the way…) Or, what if the moon is forecasting an imminent, rip-roaring rally in silver? Believe it or not, there are more than a few successful investors taking advantage of these lunar patterns… Gold’s Crazy Cousin Has a Secret I wonder how many precious metal bulls know Silver likes to dance in the moonlight. It might sound crazy. But when silver futures trade within a markup phase, the full moon occurs at key pivot lows (the dip), highlighting excellent buying opportunities. It was clear as day to the savvy investor paying attention to the lunar cycle earlier this spring. Silver’s rally into the May pivot high was bound to fail. On the flip side, a new moon signals an extended rally due for a near-term correction. When silver ripped higher following the May 7th new moon – the opposite of what one would expect during a rally – the clock began ticking for the bulls. Silver peaked less than two weeks later. Perhaps Silver needs the spotlight, or maybe investors just need a little help from the heavens when it comes to reaching for additional risk. I’ll let the behavioral economists uncover the root cause. For us speculators, the existence of the relationship and the pattern it creates provides all we need – an edge. Fast forward today, and investors are adjusting to a burgeoning everything rally. Plus, silver is catching toward those May highs just as the moon and silver market are falling into sync ahead of Thursday’s supermoon. Regardless of whether you trade silver, consider the words of legendary trader Larry Williams, Any market that can’t get moving when these strong influences [full moon] are being exerted is not a very healthy market. The Breakout List Gets Longer Investors are nervous about the upcoming election, inflation data, and what the Fed has up its sleeve as the new rate cut regime takes hold. But under the surface, the markets are turning the page. Some of the most explosive stocks and sectors are setting up for potentially powerful end-of-year runs. I’ve been talking about it for weeks! The fuse is now lit for stock market melt-up. Once you cut through the noise, you’ll find silver isn’t the only area in the market ready to rip. Tech stocks are on the move, along with software names and even some of the forgotten pandemic trades. I’m sure many of these names ring a bell. MicroStrategy (MSTR), Palantir (PLTR), Palo Alto Networks (PANW). These were the stocks on everyone’s watchlist following the Covid lockdown. Remember Datadog (DDOG)? After bottoming in the spring of 2020, it ripped 525% into its 2021 peak! Fast forward a few years, and it feels like the market is entering a similar environment. Palantir (PLTR) is printing new all-time highs and triple-digit returns (up 149%) after completing a multi-year base. MicroStrategy (MSTR) is slicing through resistance, up 191% year-to-date. And Palo Alto Networks (PANW) is on the verge of breaking out. More and more tech stocks are popping up as I scan the markets… tickers I haven’t considered buying in years. These breakouts are as real as it gets… But remember, we’re still dealing with the markets and the unpredictable nature of trading. Many of the concepts I’ve talked about today are unconventional, or even far fetched. We’re only human. Our minds, nature, and other outside forces will always lead us into irrational decisions. Right now, the market, along with the sun, moon, and stars, are hinting that investors are about to lose all inhibitions. Don’t let the melt up catch you off guard. Best, [Greg Guenthner] Greg Guenthner Contributing Editor, Morning Reckoning feedback@dailyreckoning.com Thank you for reading The Morning Reckoning! We greatly value your questions and comments. Please send all feedback to [feedback@dailyreckoning.com.](mailto:dr@dailyreckoning.com) [Sean Ring] [Sean Ring, CAIA, FRM and CMT]( is a former banker and financial educator and is the editor of the Rude Awakening. Sean has trained interns and graduates from Goldman Sachs, Morgan Stanley, Citi, Bank of America, Standard Chartered Bank, DBS (Singapore), the Abu Dhabi Investment Authority (ADIA), Bank Indonesia (the central bank), HSBC, Barclays, RBS, and BlackRock. He knows the global economy is being corrupted by forces that most people can't understand and has used his unique and worldly experiences to help people navigate the markets. [Paradigm]( ☰ ⊗ [UPDATE PREFERENCES]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. 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