America’s Mining Renaissance Begins in Arizona

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! It’s the only daily newsletter featuring the insights of renowned author and former Wall Street insider, Nomi Prins. Every day, Nomi shines a light on a massive wealth transfer she calls The Great Distortion. That’s the true cause of the permanent disconnect she sees between the markets and the real economy. And she shares ways you can come out ahead, if you know where the money is flowing. You’ll find all Nomi’s Inside Wall Street issues [here](. If you have questions or comments, send Nomi a note anytime [here]( or at feedback@rogueeconomics.com. Maria’s Note: Maria Bonaventura here, Rogue Economics’ senior managing editor. Today, we hand over the reins to commodities investing expert David Forest. David is a professional geologist. And he has been investing in commodities for decades. Below, he shares an important update on one commodity Nomi has been telling us is crucial in the global shift to cleaner energy. David believes this news could be a great sign for America’s mining renaissance… --------------------------------------------------------------- America’s Mining Renaissance Begins in Arizona By David Forest, Editor, Casey Daily Dispatch [David Forest] The copper price took a drop in recent weeks. Copper has fallen 15% on the London Metal Exchange since the beginning of June. That has dragged down copper stocks. The Global X Copper Miners ETF (COPX) is down 24%. Investors are worried. But the action on the ground shows copper is hotter than ever… Recommended Link [Dollar chart reveals a shocking truth about the future of America]( [image]( This chart is critical to understanding America’s next crisis. According to Dave Forest, the chart above shows why we’re about to see a critical change to the U.S. dollar as soon as September 9, 2022. [Click here to see what it means for your money.]( -- Big Money Is Searching for Tech Metals On a recent visit to Ireland, I met with one of the world’s top copper geologists. He told me he’s busier than ever. He’s got major mining clients scouring the world for new sources of copper. That jives with what I’ve seen in my recent travels. Around the world, big money is still frantically searching for tech metals. [Featured: The media is right about one thing – we are about to witness a huge economic crisis…]( In Uzbekistan earlier this year, I met several groups looking for the red metal. I visited a massive open-pit copper mine there. A few weeks ago, I got laboratory results back for some rock samples I took. They confirmed this area of Uzbekistan holds major riches of copper. It’s easy to see why big investors are circling. But we don’t have to go around the world to find copper. There’s plenty waiting to be discovered and developed right here in America. Recommended Link [Caught on Camera - Florida man leaves crypto crowd speechless…]( True story. Florida man walks into a packed crypto conference… Pulls out his phone… And then this amazing thing happens… [image]( [Click here to watch!]( -- A Major Copper Mine Just Got Approved in Arizona This week, one major copper project got a go-ahead. That’s the Resolution mine in Arizona. Resolution has been in the works for years. It’s being developed by major international mining firm Rio Tinto. In 2014, the Obama government agreed to give Rio Tinto federal land to build the project. But recently, local native groups sued to block the land transfer. They argued the land had cultural importance and shouldn’t be offered for mining. This week, a San Francisco court ruled on the case. It upheld the land transfer in a 2-1 decision. This removes an obstacle to developing a major new U.S. source of copper. That could be a very big deal. Resolution would be one of the biggest copper mines in America. In fact, it would be one of the largest in the world. That’s a testament to how much copper we have here at home. Recommended Link [Oil Companies Abandoning Their Oil Fields…]( [image]( Stanford economists are predicting [what will happen next]( will shake the markets to their core. [Click here to learn more.]( -- A Great Sign for American Mining Projects Back in the 1960s, America was a premier supplier of copper. Mines in Arizona, Utah, and New Mexico gave us a world-leading position in this hard tech. [Chart] Since then, U.S. copper mining has been in decline. The rocks haven’t changed. But local attitudes toward mining have. Strong opposition to mining blossomed in Arizona. Lawsuits became common, like the recent move to block the Resolution mine. That’s starting to change. In recent years, big mining companies grew tired of government issues in copper-mining countries like Peru and Chile. There’s been a return to North America. If Resolution goes ahead, it would be a sign that resurgence is gaining steam. It’s not certain. Other major copper projects in America have hit snags recently. The Twin Metals mine in Minnesota, for example, has been stalled by government intervention. [Featured: Expert: “Move your money before September 9th”]( Plus, President Biden’s helped little in forging a path. On the one hand, he’s talked about America’s need for critical metals. On the other, he’s allowed his administration to block or hinder major projects. That waffling grew worse when Biden said he’d like to get metals from our neighbors. He singled out Canada, Australia, and Brazil as sources of supply. Divisions over the issue grow stronger by the day. Recently, other lawmakers introduced measures to support domestic mining of rare earths. A new policy last month called for funding to support new uranium mines in America. There’s a huge appetite for made-at-home mines. But will regulators allow them to be built? This week’s decision on Resolution gives some hope. The mine still has a long way to go until construction. But if it can advance, it would be a great sign for America’s mining renaissance. That would open big investment opportunities across the country. We’ve got plenty of deposits waiting to be developed. The companies that do so could be the economic leaders of the coming years. Keep walking the path, [signature] David Forest Editor, Casey Daily Dispatch P.S. Copper and other tech metals are major components of electric vehicles (EVs). They’re essential for making the EV boom – one of the biggest transformations of our time – possible. To learn how to profit from this massive trend, [click here](. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). --------------------------------------------------------------- MAILBAG The U.S. versus China debate continues in the mailbag… Here’s a quick recap… Nomi believes that although China is mounting a challenge, especially to the U.S. dollar’s status as world reserve currency, [the U.S.’ position is safe, for now](. In a recent mailbag, reader Jon G. respectfully disagreed. Here’s what he wrote… I respectfully disagree that the predominant position of the U.S. dollar is secure in my lifetime. China's strategy starts with taking Hong Kong and folding its GDP into theirs. Add the belt and road initiative, which is designed to be a win-win as they build infrastructure and future China economic dependence. They then take Taiwan and absorb its $1.48 trillion dollar GDP into theirs. China agreed to support Russia’s “Special Operation” in Ukraine, hoping it succumbs to Russia and becomes a future trading partner, also legitimizing its takeover of Taiwan. Russia, being the third-largest producer of oil, then agrees to exchange oil for petroyuans, as does Saudi Arabia. Along comes Venezuela and Nigeria… and others, as well. Iran’s oil production neutralizes and becomes a non-factor as it remains a political rival to the West and its regional politics excludes it from geopolitical inclusion. European countries like Germany (who isn’t fully committed to the Ukraine conflict for the following reason), Hungary, and some others remain dependent on Russian oil and subsequently agree to pay in yuan, which tips the outcome. As the U.S. economy continues to deteriorate, requiring ever more dependency on Chinese production, the conversion to the yuan becomes almost automatic. It won’t be disruptive to the world… just us. The final win for China in the win-win equation. My point: China is desperate to establish the yuan as the world’s reserve currency. It resolves all issues, economic as well as political, for them going forward. As world economic domination is the goal, the ultimate dispute will be China vs. Russia as the U.S. takes an also-ran position. The future looks ugly. – Jon G. But reader John H. has a different viewpoint… Mr. Jon G.’s comments strike me as either the product of a vivid imagination or conclusions from facts quite different from those known to me. - Mr. Putin has done such a lousy job of running the country that the population of Russia is in decline. (Source: a U.S.cabinet secretary in the last few years.) This decline is being accelerated and exacerbated by the incursion into Ukraine. An untold percentage of the Russian death toll is comprised of 18-year-old and similarly young-aged recruits. The current state of the Russian economy is that it is in shambles. And that is the state of affairs before the adding of sanctions. Their only hope in a military contest with China would be to use nuclear weapons. And I am not convinced that would be enough to achieve victory. (China has relatively few atomic weapons) - China may be able to take control of Taiwan by military action, but that will mean defeating the United States. The security agreement concerning Taiwan is much stronger than the one covering Ukraine. China is more of a long-term threat to the United States, but China has significant long-term internal political problems. The economic and political structures in a given country must be aligned. South Africa said they were a free-market country. Under apartheid, what they practiced was slavery. In the long haul, those two policies were in conflict and only one could prevail. China is in the same boat at the present time. They cannot operate the free-market model they currently use and continue the tight, central political control, as it now exists. Only one of those policies will prevail. That does not mean the dichotomy cannot go on for a long time and enable them to cause plenty of trouble. – John H. Do you think China is in a position to achieve world economic domination? Or do you believe the internal political problems John refers to will hinder its progress? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: America’s Mining Renaissance Begins in Arizona). IN CASE YOU MISSED IT… [Weird Tesla Urban Legend Stuns Stranded Motorist]( Dave Forest recently took a cross country trip in a Tesla Model 3. And boy was he in for a surprise. Unfortunately, he ran out of juice on a deserted road in west Texas – at night. Stuck on the side of the road, he started calling shops to get a tow. And as soon as he’d say “Tesla” – they’d say: “Sorry, we don’t tow Teslas.” And hang up. But why? [A shop owner finally told him…]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. 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