More pain coming, no capitulation yet... And Silver, Gold, etc is going to suck wind...stagflation is what's for dinner...and the only thing that will cost more is the $hit you need. Until the US$ is no longer the reserve currency, full on Wiemar inflation will not be on tap, all this stimulus is just repairing black hole balance sheets of our overlords, the banks...that money is not hitting main street which would cause inflation...the Fed is telling you they can't get inflation to their targets no matter how much they print...there is inflation all over just in the wrong sectors and those bubbles will pop as people are forced to liquidate what they don't need for what they need...once the world drops the dollar, then you have a case for wheelbarrows of dollar denominated cash for bread. I am and have been getting long term short the housing market recently as the demographic cliff reaches full throttle with boomers retiring and needing to raise cash. The demand curve is about to shift substantially....I was short housing in 2007, I see the same signals as then. Remember one thing, if you are trading options, strive for net credit trades, buying long dated options outside of a spread can be a widow maker if you do not WORK your trades. ANON OUT..... Good Luck
Hmm, I'm not so sure. If baby boomers sell their homes, where will they live? Oh wait, that means they have to buy another home especially with cheap interest rates! Or, maybe they will be risk adverse and and by that age don't want to take on debt - who knows? Fed and US Government did take some steps to prevent a crisis - foreclosure moratorium, etc. but of course it's not enough. I think it's going to be market to market. For example, I'm sure if there is a crash it would happen in Las Vegas market. Who wants to go to casinos? Unemployment rates there are higher than other metro areas. So I'm not sure if we will truly see an epic real estate crash. I dunno.
Boomers own multiple ...in many case many properties...they want to downsize and be close to good medical and their kids/grand kids...in low maintenance properties. I know this for a fact..you seem skeptical...I have negotiated many a transaction with the boomers...they appear resolute but make no mistake, they are desperate to get out, especially if there are ongoing costs to carry (think HOA dues or high property taxes). For instance, I picked up water front (inland ICW @1/2 acre) lot and a 40 foot boat slip for 50K$ in a gated community with premier amenities...sellers (Boomers in their late 70's) paid north of 300K for just the lot, forget the marina slip in the GFC....guess what...they owned 6 more properties in that county alone based on tax record search.....Fire sales are coming....like the 4 horsemen. Be oblivious at your own peril....came to this site just to see if it was legit, spent a few weeks here....just to see muppets getting crushed...gave a little insight, have been scoffed at, enjoy the pillaging.
Interesting! So boomer elite are selling out. Honestly, I'm thinking of selling my current home at a high price too, and then moving to a cheaper location. But, my parents (in 70s) and their colleagues that I know in rural suburbia of America are staying put. I guess elite will always capitalize, but majority if not the elite. Anyhow, time will tell. I'm sure some markets will get hit worse than others.
Excellent video agree with you on all fronts Gregory, especially that you warned everyone it would be volatile.
I sent a scathing email to the President of Scotia Bank when they were caught rigging silver, which I posted in the chat. I called a lawyer, the Securities Commission, etc. but they said you can't prove how much you lost so you can't make a claim.
Yet, JP Morgan gets a Billion dollar fine today, not jail as you said and where does the fine go?
It should go the investors that lost because of the banks criminal activity.
But no, no, no, no one goes to jail and they just keep getting richer and yes the man with the orange skin has to let them continue to do it, he has no power in the situation.
"Let them play their game and we will play ours."
I will be buying as much metals as I can! They just put it back on sale.
I wish I had known you were adding to your positions all day. I waited for an update, didn't see one, so I assumed you were waiting this out. Hopefully I can add tomorrow. Thanks for doing what you do.
More pain coming, no capitulation yet... And Silver, Gold, etc is going to suck wind...stagflation is what's for dinner...and the only thing that will cost more is the $hit you need. Until the US$ is no longer the reserve currency, full on Wiemar inflation will not be on tap, all this stimulus is just repairing black hole balance sheets of our overlords, the banks...that money is not hitting main street which would cause inflation...the Fed is telling you they can't get inflation to their targets no matter how much they print...there is inflation all over just in the wrong sectors and those bubbles will pop as people are forced to liquidate what they don't need for what they need...once the world drops the dollar, then you have a case for wheelbarrows of dollar denominated cash for bread. I am and have been getting long term short the housing market recently as the demographic cliff reaches full throttle with boomers retiring and needing to raise cash. The demand curve is about to shift substantially....I was short housing in 2007, I see the same signals as then. Remember one thing, if you are trading options, strive for net credit trades, buying long dated options outside of a spread can be a widow maker if you do not WORK your trades. ANON OUT..... Good Luck
Hmm, I'm not so sure. If baby boomers sell their homes, where will they live? Oh wait, that means they have to buy another home especially with cheap interest rates! Or, maybe they will be risk adverse and and by that age don't want to take on debt - who knows? Fed and US Government did take some steps to prevent a crisis - foreclosure moratorium, etc. but of course it's not enough. I think it's going to be market to market. For example, I'm sure if there is a crash it would happen in Las Vegas market. Who wants to go to casinos? Unemployment rates there are higher than other metro areas. So I'm not sure if we will truly see an epic real estate crash. I dunno.
Boomers own multiple ...in many case many properties...they want to downsize and be close to good medical and their kids/grand kids...in low maintenance properties. I know this for a fact..you seem skeptical...I have negotiated many a transaction with the boomers...they appear resolute but make no mistake, they are desperate to get out, especially if there are ongoing costs to carry (think HOA dues or high property taxes). For instance, I picked up water front (inland ICW @1/2 acre) lot and a 40 foot boat slip for 50K$ in a gated community with premier amenities...sellers (Boomers in their late 70's) paid north of 300K for just the lot, forget the marina slip in the GFC....guess what...they owned 6 more properties in that county alone based on tax record search.....Fire sales are coming....like the 4 horsemen. Be oblivious at your own peril....came to this site just to see if it was legit, spent a few weeks here....just to see muppets getting crushed...gave a little insight, have been scoffed at, enjoy the pillaging.
Interesting! So boomer elite are selling out. Honestly, I'm thinking of selling my current home at a high price too, and then moving to a cheaper location. But, my parents (in 70s) and their colleagues that I know in rural suburbia of America are staying put. I guess elite will always capitalize, but majority if not the elite. Anyhow, time will tell. I'm sure some markets will get hit worse than others.
You can lead a horse to the water...
Excellent video agree with you on all fronts Gregory, especially that you warned everyone it would be volatile.
I sent a scathing email to the President of Scotia Bank when they were caught rigging silver, which I posted in the chat. I called a lawyer, the Securities Commission, etc. but they said you can't prove how much you lost so you can't make a claim.
Yet, JP Morgan gets a Billion dollar fine today, not jail as you said and where does the fine go?
It should go the investors that lost because of the banks criminal activity.
But no, no, no, no one goes to jail and they just keep getting richer and yes the man with the orange skin has to let them continue to do it, he has no power in the situation.
"Let them play their game and we will play ours."
I will be buying as much metals as I can! They just put it back on sale.
Thank you Gregory.
I wish I had known you were adding to your positions all day. I waited for an update, didn't see one, so I assumed you were waiting this out. Hopefully I can add tomorrow. Thanks for doing what you do.
same waiting for a buy candle in the morning...
Low interest rates=banks dont lend money=deflation?
Buying BTC at a good clip. Maybe we will get lucky enough to see another massive panic and hit that 3900 BTC/USD. Inflation is the one guarantee.
Silver is crashing. I dont see ups and downs