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CLOSE-up: "India vs PSEI" IFN-vs-PSEI: IFN (17.55) / PSEI (6,450)= r-0.27% of PSEI. And 0.74% of Gold Oz. / w/RCR: Table: Historical Ratios YrEnd PSEI : IFN : Ratio: TLT : Gold : IF/Au 2015: 6984: 22.74: 307.1 120.60: 1069: 2.13% 2016: 6841: 21.39: 319.8: 119.10: 1146: 1.87% 2017: 8558: 26.12: 327.6: 126.90: 1291: 2.02% 2018: 7466: 20.24: 368.9 121.50: 1486: 1.36% 2019: 7815: 20.13: 388.2 135.50: 1520: 1.32% 2020: 7140: 19.96: 357.7: 157.70: 1877: 1.06% 2021: 7335: 21.10: 347.6: 148.20 1828: 1.15% 2022: 6556: 14.81: 442.7: $99.56 1824: 0.81% 2023: 6450: 18.82 342.7: $98.88 2063: 0.91% /4.17 : 6450: 17.55: 367.5: $89.28 2360; 0.74% ==== IFN to Gold: Cheapest yet at 0.74% of Gold Oz ==== IFN-vs-PSEI: 2019: ==

( This was suggested by an investor friend who was very successful at a young age - so he was able to retire from cold Canada, to sunny Bahamas.... ) IFN / India Fund (closed end, on NYSE): $17.55, BV: $17.87, PER: 5.43, Yield: 9.34% See how well IFN tracks PSEI, much better than TLT/Bonds. PSEI (6,450) /IFN (17.55)= r-367.5x IFN has outperformed PSEI, because of the High Dividend, and because IFN is denominated in USD, not PHP. I might buy a few IFN shares so I will follow it, while awaiting a clearer bottom. Called: "The Only Investment You Need for the Next 30 Years? " Per: Dave Skarica, at AddictToProfits > Source: https://addictedtoprofits.net/the-only-investment-you-need-for-the-next-30-years-the-result-will-surprise-you-scotday-april-17th-2024/

Production at Barrick drops in Q1 on planned maintenance, stock drops Barrick Gold's Q1 production was off 10% to 940,000 total attributable ounces for gold, and copper was down 21% to 40,000 tonnes compared to the last quarter.The miner announced its production results today. "As planned, preliminary Q1 gold production was lower than Q4

The CONVERSATION between Brian Greene and Eric Schmidt generated some concerns - in the comments FN : Thanks for making clear (at about 50 minutes), the WILL to gain more power to implement the development of more AI. ES said: "Democracy requires some level of Authority." By Democracy, he means DEMoCrazy (or our present Oligarchy), the power and policies of our left-leaning Elites. I am a believer in the US constitution, and that comment here sent a chill down my spine. FN: Brian: "Nobody can do this in their garage. But it is not that hard to get hold of a system and try it." Yup. But when I hear that, I think about all the governments and potential hobbyists who will be trying these out. The FEAR seeps in when, among other things, I think about AI's potentially insatiable need for Energy. (There might be a role for govts in monitoring and regulating how mch power AI and its servers use.) TOOLS: You need to UNDERSTAND the tools, and have ACCESS to them. and maybe someone to PAY for their use, if you want to Fully benefit from the Future of AI.

MASTERING AI: You Need knowledge & Access to the Tools This thread might help gain the knowledge. Let's Learn here... And then, Talk about the Tools By the time you are Finished (with any human project) you are already behind AI Two very useful Videos, to begin the journey / 1 / "Some day a Billion Dollar co., will be run by just One person, with the help of AI bots" Billion Dollar Teams: The Future of an AI Powered Workforce | SXSW 2024 / 2 / Eric is surprizingly interesting when he starts talking science. WORTH A LISTEN. AI and Quantum Computing: Glimpsing the Near Future > The Tools "will sneak in everywhere"... so get ready. AI will be smarter (in some areas) than humans are. (Personally, I FEAR that, and think AI may find a way to get what it needs and wants, irregardless if that is good for most humans. Example, AI has almost insatiable needs for energy. I can foresee a time in the near future when AI's and its computer servers, are taking energy that less favored humans want. AI is already creating inflation in some areas.) Comment on Billion $ Teams video : @LFPAnimations. 24 thumbs up this guy is really good at doing the classic silicon valley hype tactic. He cites the rate of change and where things are going, but kind of glosses over the fact that the vast majority of these AI projects have some glaring flaws that may not have solutions. Copyright infringement, hallucinations, misinformation and misleading answers, and lack of control in the output. Anyone who has to work with computers for their job knows that any fancy new tech will inevitably need you to hold it's hand to get the end product you want. The question with AI is whether the hand-holding and prompt-engineering will actually take less effort than doing the task the original way.

PSEI (6,575) vs. TLT ($89) and RCR (P5.00), as proxy for my REIT portfolio

PSEI (6,659) to IWM (198.69) = RATIO 33.52x ... monday update: 6,578 / IWM-fri-198.69 = 33.10 A Chart showing the RATIO between PSEI and IWM (etf for the US Russell 2000 index) ...suggest that PSEI could be at/near a decent relative value BUY point. If you factored in the cheap PHP currency, it might look even better value

PSEI (6,659) to IWM (198.69) = RATIO 33.52x A Chart showing the RATIO between PSEI and IWM (etf for the US Russell 2000 index) ...suggest that PSEI could be at/near a decent relative value BUY point. If you factored in the cheap PHP currency, it might look even better value

GOLD BROKE OUT... and briefly exceeded $2400 this past week, as Iran threaten to enter the Gaza / Israel conflict NOW you can here many forecasts of higher Gold levels, like $5,000 My response on a Viber thread was... Those Kinds of forecasts are not easy to get Right. Remember the Club of Rome's LIMITS TO GROWTH from 1972? My old friend from my London days. Prof Jorgen Randers was involved in that project. Here he is from 1 year ago talking about what went wrong with their forecast that the world would run out of commodities, and prices would soar to unimaginable levels: Jørgen Randers - From “The Limits to Growth” to “Earth for All” – the long global perspective

CIC / Concepcion Industrial Corp. (PHS) CIC.. All: 5yr: Ytd: P11.40 /BV: 12.70= 89.8% (R: 10.68 to 17.68) PER: 11.84, E's: 0.963, D : 0.70, Yield: 6.14% CIC.. All:

NICKEL STOCK CLUSTER FNI (1.56) : MARC: 0.74, 47.4%; NIKL: 4.08, 262% FNI : All : 10yr: 5yr: ytd: 1.55 BV: 2.38. (r: 1.48 to 2.95) PER: 5.18, Es: 0.299, Ds: 0.00, Y: n/a MARC: All : 10yr: 5yr: ytd: 0.76 BV: 1.71 (r: 0.66 to 1.15); PER: 18.4, Es: 0.041, Ds: 0.10, Y: 13.2% NIKL: All : 10yr: 5yr: ytd: 4.00 BV: 2.68. (r: 3.86 to 7.15) PER: 14.6, Es: 0.274, Ds: 0.13, Y: 3.25% === FNI : 1.55 BV: 2.38, 65.1% (r: 1.48 to 2.95); PER: 5.18, Es: 0.299, Ds: 0.00, Y: n/a MARC: 0.76 BV: 1.71, 44.4% (r: 0.66 to 1.15); PER: 18.4, Es: 0.041, Ds: 0.10, Y: 13.2% NIKL: 4.00 BV: 2.68, 149.% (r: 3.86 to 7.15); PER: 14.6, Es: 0.274, Ds: 0.13, Y: 3.25% ===

PetroEnergy Resources, PERC, is 92% owned by a Filipino Nominee Co. PERC.. ALL: P 4.40 / BV: 10.68= 41.2%, PER: 4.74, e's: 0.928, Div: 0.05, Yield: 1.14% PERC currently has a 2.525% participating interest in the actively producing Etame Field and the following petroleum blocks in the Philippines: 16.67% in SC 6A – Octon, Northwest Palawan; 4.14% in SC 14C2 – West Linapacan; and 15% in SC 75 – Offshore Northwest Palawan. In 2009, following the enactment of Republic Act No. 9513, otherwise known as the Renewable Energy Act of 2008, PERC amended its articles of incorporation to include among its purposes the business of generating power from renewable energy (RE) resources such as biomass, hydro, solar, wind, geothermal, ocean and such other renewable sources of power. On March 31, 2010, PERC incorporated its now 90%-owned subsidiary, PetroGreen Energy Corporation (PGEC), to act as its renewable energy arm and holding company. PGEC ventured into RE development and power generation through its subsidiaries and affiliate: 65%-owned Maibarara Geothermal, Inc., which is the owner and developer of the 20 MW Maibarara Geothermal Power Project (MGPP-1) in Santo Tomas, Batangas and its expansion, the 12 MW MGPP-2; 56%-owned PetroSolar Corporation, which is the owner and developer of the 50MWDC Tarlac Solar Power Project in Tarlac City; and 40%-owned PetroWind Energy, Inc., which is the owner and developer of the 36 MW Nabas Wind Power Project in Nabas and Malay, Aklan.

3 Power Co: Ytd -vs TLT (89.00): AEV: 39.00, 43.8%, FGEN: 19.16, 21.5%, ACR: 0.51, 0.57% 4.11: TLT (90.22): AEV: 42.40, 46.8%, FGEN: 19.08, 21.1%, ACR: 0.54, 0.60% Article on the Transformation of AEV : “We’re transitioning from a hundred-year-old man to a 25-year-old athlete.” In 2021, at the peak of Covid-19, Aboitiz Equity sold a 25% stake in Aboitiz Power to JERA—a joint venture between Japan’s Tepco Fuel & Power and Chubu Electric Power—for $1.5 billion, paring its stake in the utility to 52% from 77%. “There should be no single business contributing more than 50%,” Sabin says. Compare, ACR= MINDANAO POWER GENERATION... ACR serves over 8 million individuals across 14 cities and 11 provinces in Mindanao. It has a portfolio of four power facilities with a combined capacity of 468 MW ( 6.29 B sh. x 0.54= P 3.4B = $ 60.7M/ 468= $129k /M-MW) ACR /Alsons. 2019: 5yr: Ytd: 0.54 BV: 2.05 (R: 0.50-0.85 ) PE: 4.64 (eps=0.116), Div 0.02 Yield: 3.70% ACR : 2014: Last: 0.51 Credit Rating ( PRS Aa minus)

COMPARE: Commodity prices (XLE, DBA) with TNX. 10 yr. Rates XLE may be approaching a Potential Top near $100 - Last: $97.49 At $97.50: Dagger is too short, Hilt is imbalanced. On the negative side, Volume is fading on the new High. Blade Line "needs to shift a bit higher" DBA peak may be ahead neat $27 TNX may have already peaked at 5.000 = 5.00%, 10 yr. Yield, Last: 4.379 ===

SILVER PARTY just getting started. Target High; yr End... or early Next: $60-70 $60-$75 Silver In This Melt-Up Phase | David Hunter (Gold Target is $3,000 in "Pre-Bust" period ==

SILVER PARTY just getting started. Target High; yr End... or early Next: $60-70 $60-$75 Silver In This Melt-Up Phase | David Hunter (Gold Target is $3,000 in "Pre-Bust" period ==

SIL (31.18) is now 123% of SLV (25.40); and just 87.4% of AGQ (35.66) SLV - on T-view: $25.40 (91.4% of Silver-$27.80) $2.40 Gap. 71.2% of AGQ: $35.66 /s: 140.3% SIL : $31.18 Versus AGQ ($35.66) Silver 27.80, 78.0% / Gold $2340 = GSR: 84.2 Sym: Apr.08: Pct. ( R : Low.- High, Size, HvL) %-R : op2v SLV : $25.40, 71.2% (18.97 - 25.48, $6.51, 34%) 98.8% 36% SIL : $31.18, 87.4% (22.57 - 33.24, 11.67, 47%) 73.8% 37% AGQ $35.66, 100.% (21.30 - 36.30, 15.00, 70%) 95.7% 67% Gdxj $41.91, 118. % (30.46- 43.89, 13.43, 44%) 85.3% 37% GDX $33.60, 94.2% (25.62- 36.26, 10.64, 42%) 75.0% 34% UGL: $79.83, 224.% (50.62- 80.09, 29.47, 58%) 99.1% 33% Jnug $38.90, 109.% (21.92 - 51.53, 29.61, 135%) 57.3% 74% Paas $18.07, 50.6% (12.16 - 19.84, $7.68, 63%) 77.0% 50% MAG $12.12, 34.0% ($8.20 -14.42, $6.22, 76%) 63.0% 55% AG : $ 7.93, 22.2% ($4.17 - $9.19, $5.02, 120.) 74.9% 68% CDE $ 4.73, 13.3% ($2.00 - $5.07, $3.07, 154.) 88.9% 76% FSM $ 4.68, 13.1% ($2.58- $4.90, $2.32, 90%) 90.5% 45% AAG.v 0.340, 0.95% ($0.14 -$0.37, $0.23, 164%) 87.0% == DEF.v 0.220, 0.62% (0.085 -$0.24, 0.155, 182%) 87.1% == SVRS. 0.140, 0.39% (0.090 -$0.23, 0.140, 156%) 35.7% == ==== SIL (31.18) is now 123% of SLV (25.40); and just 87.4% of AGQ (35.66) =

SIL (31.18) is now 123% of SLV (25.40); and just 87.4% of AGQ (35.66) SLV - on T-view: $25.40 (91.4% of Silver-$27.80) $2.40 Gap. 71.2% of AGQ: $35.66 /s: 140.3% SIL : $31.18 Versus AGQ ($35.66) Silver 27.80, 78.0% / Gold $2340 = GSR: 84.2 Sym: Apr.08: Pct. ( R : Low.- High, Size, HvL) %-R : op2v SLV : $25.40, 71.2% (18.97 - 25.48, $6.51, 34%) 98.8% 36% SIL : $31.18, 87.4% (22.57 - 33.24, 11.67, 47%) 73.8% 37% AGQ $35.66, 100.% (21.30 - 36.30, 15.00, 70%) 95.7% 67% Gdxj $41.91, 118. % (30.46- 43.89, 13.43, 44%) 85.3% 37% GDX $33.60, 94.2% (25.62- 36.26, 10.64, 42%) 75.0% 34% UGL: $79.83, 224.% (50.62- 80.09, 29.47, 58%) 99.1% 33% Jnug $38.90, 109.% (21.92 - 51.53, 29.61, 135%) 57.3% 74% Paas $18.07, 50.6% (12.16 - 19.84, $7.68, 63%) 77.0% 50% MAG $12.12, 34.0% ($8.20 -14.42, $6.22, 76%) 63.0% 55% AG : $ 7.93, 22.2% ($4.17 - $9.19, $5.02, 120.) 74.9% 68% CDE : $ 4.73, 13.3% ($2.00 - $5.07, $3.07, 154.) 88.9% 76% FSM : $ 4.68, 13.1% ($2.58- $4.90, $2.32, 90%) 90.5% 45% AAG.v 0.340, 0.95% ($0.14 -$0.37, $0.23, 164%) 87.0% == DEF.v 0.220, 0.62% (0.085 -$0.24, 0.155, 182%) 87.1% == SVRS. 0.140, 0.39% (0.090 -$0.23, 0.140, 156%) 35.7% == ==== SIL (31.18) is now 123% of SLV (25.40); and just 87.4% of AGQ (35.66) =

Important LOW (P 10.00) may finally be in place SHLPH -All ===

KITCO - Apr 7,8,9, 2024: $27.82 Conclusion on Viewing these charts: (see previous page) If Silver breaks out over $30, it could go "bananas", giving BTC a run for the money. $50? Very possible. $100 maybe even. === Turning to silver, the Heraeus analysts said that the gray metal appears to be rising on the back of the strong performance of other metals of late. “The price of silver rose above $27/oz last week after having struggled relative to gold over the past two months,” they wrote. “Silver appears to have benefitted from both the investment/consumer and industrial demand sectors, each making up ~50% of total silver demand. The copper price has risen steadily thanks to concerns over tightening supply. Where copper goes, silver tends to follow.” “Silver is a higher beta commodity than gold, so if retail investors show more interest as ETF holdings rise then it could outperform gold,” they noted. “Additionally, and in contrast to the gold market, silver investors re-entered the market for ETFs, with 10.7 moz of inflows in the last fortnight, taking total silver ETF holdings 3% higher year-to-date at 724 moz.”

SILVER over $30 soon?: First, $36, then into the $40's... SILVER Long term chart, back to 2009 SILVER Back to 1900

NOT the CHEAPEST - But called "The Best" VIDEO: Top 5 "Best Of The Best" Mining Stocks Things Can Change, eh? RICK RULES. Best-of-Best, early 2022 Symbol : Company Name : ye’21 : ye’23 : apr’24 : % chg = GLD : GOLD etf. : FNV / Franco Nevada: 137.20: 000.00: 000.00: -10.9% WPM / Wheaton Prec.: 42.78: 00.00: 00.00: +18.2% RGLD / Royal Gold : GOLD / Barrick Gold : AEM / Agnico Eagle : NEM / Newmont Mng.: FNV: $122.31, vs YE'21 (137.20): - 10.9% WPM: $50.57, vs YE'21 ($42.78): +18.2% RGLD: GOLD: $17.86, WPM: $50.57, vs YE'21 ($42.78): +18.2% AEM: vs YE'21 ($00.00): +00.0%

The INFLATION CYCLE has turned UP, & Rates are higher too. Copper vs TNX: xx: 2023: $4.44 /$89= xx, DBA: xx, USO: xx Longer Cycles turned UP in 2020, after the initial Covid deflation Shock. DBA (Agri.Commodities) chart shows this clearly. And the price rise now has a "second wind", as Food price push up again. XOI / NYSE ARCA Oil Index : quote: XOI: NYSE ARCO OIL Index : Low: Mar. 2003: $417 : Peak: May 2008: 1,670 +300% : Low: Nov. 2008: $751 - 46% : Peak: Jun. 2014: 1,738 +131% : Low: Mar, 2020: $443 - 75% : Last: Apr. 2024: 2,260 +410%

If Looking for a possible LOW in terms of GOLD Oz - PSEI is already cheap... PSEI: 6,745 / Phl. Gold (Kitco: $2,329 x56.59) = Php.131,800 /oz. = 5.12% of a Gold Oz. From Table, above: PSEI has been sliding into a Low... Yr.End $/Php: GOLD: PhpAU yr.Chg: PSEI: yr.Chg: In Oz.: 2017 : 50.39 : 1291.0 : 65.05k: +13.9%: 8,558:: +25.1%: 0.132: > Peak: 9,100, Jan.2018 2018 : 52.77 : 1279.0 : 67.49k: +3.75%: 7,466.: -12.8%: 0.111 : 2019 : 50.71 : 1519.5: 77.05k: +14.1%: 7,815.: +4.67%: 0.101: 2020 : 48.01 : 1877.3: 90.13k: +17.0%: 7,140.: -8.64%: 0.079 2021 : 51.00 : 1827.5: 93.20k: +3.14%: 7,335.: +2.73%: 0.079 2022 : 55.68: 1823.9: 101.6k: +9.01%: 6,556.: -10.6%: 0.065 2023 : 55.40: 2062.9: 114.3k: +12.5%: 6,450.: -1.62%: 0.056 04/’24 56.42: 2273.0: 128.2k: +12.1%: 6,864.: +6.42%: 0.054 0.054 = Near LOW? only 5.4% of a Gold Oz req'd to buy PSEI In last two days, the ratio fell to 5.11%, as Gold went on rising. If PSEI slides to 5,000 and gold stays at $2,300, the ratio will be just 3.85% at Php.56.50 PSEI: 5,000 / Phl. Gold (Kitco: $2,300 x56.5) = Php.130,000 /oz: . = 3.85% of a Gold Oz. : Somehow, it seems possible that PSEI will not get so cheap. : If it doesn’t, then maybe a global correction in Stocks will drag : down PSEI, global indices and the GOLD price also.

TALKING LONG CYCLES of "about 20 years" Major PSEI PEAKS were 1997 and 2018 (9,100 in Jan.'18) Followed by a "famine period" of up to 7 years... My Current Guess is the "C" Low in PSEI will come in at roughly 5,000 +/- 1,000 in Oct.2024, or Oct.2025. An exact 7-year correction, from the Jan.2018 Peak, would end in Q1.2025. I am using Wilson Sy's Seasonal Cycle of "Halloween to Valentine's Day" being a period of SEASONAL Strength, : we can expect a Cycle Low possibly in either Oct.2024 or Oct.2025, if the Famine period lasts 7 years this time. : I bet on the seasonal cycle this past year, and now see signs in April 2024 that PSEI may be rolling over. : And so we could get some real weakness into one of those "sweet spot" seasonal low points. ( BTW, these are merely intelligent guesses, using Cyclical building blocks. Time with tell how accurate this is. It is also possible that the LOW is already in place - see "c?" above. We may have seen a premature Low in Oct.2022 when PSEI touched 5,700 (actual 5,700 close on xx.xx.22.) If so, then the recent uptrend will continue and the PSEI may soon find new highs at 7,500 and higher, exceeding the Q1.2022 highs. I give this premature Low scenario, maybe a 20% probability. That will shift to a higher probability if PSEI makes new highs for 2024.)