I've been running back to TBills like a scalded dog...hit stop orders on Intel a few days ago and AMD....Even defensives are a little put off...
@Concrete Helmet they're on to you
buying real gold with fake money
we all know that most of the time what the MSM says is 180° from the truth... so when CNN says don't buy physical gold, "it's not what people should be doing".
you know damn well you better throw some money at it
that is a fact and those are public record usually. Also hedge funds have been selling at a record clip. I am prepared to make another sizable purchase on Tuesday in the 1 YR TBill auction if rates stay near these levels. And those who purchased 3 YR notes yesterday are already in the red after a 25 basis point move in them today.
PSQ is a leveraged bet against the QQQWelp the truth is out....of the 300k jobs reported last week most were gov.....full time positions ACTUALLY FELL...
Time to implement the 15% per month short starting with ANYTHING growth/NASDAQ(it's already rolling over)...take profits and keep your high cash and commodity holdings and buy the livin sh!t out of physical gold/silver and start to take entry(if you haven't already) in miners and energy services/Uranium, coal anf NG...Pay off investment RE if you have any.
Thank you....and you can thank me later....
You and me both...but, the economy demands restraint. Real estate needs to be on hold until federal spending is under control.Sure there is......my continued prosperity....I'm getting tired of being on a budget
Elevated real estate is a one of the big causes. It means higher insurance costs, higher taxes, etc. etc. These are not discretionary items. I said it in an earlier post that there is only way way out of this and it is not pretty, but has to be done. Could be done with Fiscal restraint, as you suggest, but that is not going to happen, so the FED cannot continue adding gas to the flames. So until they get the excess BS out of the system we are going to continue to be in the this circle jerk. BTW regarding Fiscal policy, gotta credit former Dallas Fed Prez Dick Fisher with a funny today. He said and I paraphrase: 'Both parties equally love and are good at spending money, it is just that one party is more openly happy about it.'
I would agree this is certainly a circle jerk.....look at what the yield curve did yesterday....It could take years to get it back to normal and while everyones been critical of Powell I wouldn't want to be in his position at all. Still though the data they're getting on the employment side is going to push this over a cliff.....FFS all of the jobs reported were either part time 2nd jobs or government.....neither of which is going to grow the economy despite the money Biden and his goons are throwing into the system through the Inflation Reduction Act.
That $2400/oz gold didn't last long. But this GLD and SLV rally is impressive. Let's hope it continues. Egor is locked and loaded. Egor like shiny metals.
I see it as a healthy pullback even though it still finished higher(another all-time high)than the day before....silver is going to silver....much bigger fluctuations than gold. All of that said don't be surprised if we see more sideways and pullbacks as the rest of the markets seem to be selling off and there are a lot of swing traders in the metals too..
Be nimble... it's 2012/13ish de ja vu all over again... same names, same predictions... not that you can't play it, just be nimble.
So, what you're saying is they're like prostitutes... Good in a pinch but you don't want to fall in love
Great advice. The ETF's are lagging the price of gold right now. There is still value there, especially if the rally continues.
Yes, exactly, and... guys like Celente get rich all over again, his followers not so much.So, what you're saying is they're like prostitutes... Good in a pinch but you don't want to fall in love
Yeah, I saw your smart assed remark....I treat the Junior miners like I treat the DPRO's of the world.....small positions for minimal risk and start taking profits when they double...I've lost money on them sometimes and made a few decent licks here and there too. Speculating is speculating...Yes, exactly, and... guys like Celente get rich all over again, his followers not so much.
I was surprised a couple of weeks ago that you didn't respond to my "wait 'til Crete discovers junior miners!" comment, but clearly you have.
