The Newsletter is an absolute Godsend GM and is much appreciated! The updates & insider info are GREAT, and I'm finding it a great place to exchange ideas, knowledge, and experience, regarding markets, metals, and lots more. Was a great idea GM!
Many I read do believe the bottom is in; however Kieth@Hedgeye sees this current environment as very Bubbly much like the Feb market peaks. I personnelly believe a retest is coming, the fact that the SNP can't get past Fib .618 is significant to me. But these Fed Liquidity rallies fool me & I've been very wrong thus far. DAMN
I surely have no idea where we stand. In my opinion it would be crazy to think the bottom is in, we are running a zombie ecenomy. On the other hand we have the FED which keeps the party going, it is such a mess.. fundamentals are totally out of the window
What's up Laser I see you comment here often...2 traders who were very right about the March 23rd bottom, Kuppy & Kevin Muir (The Macro Tourist) have also said this is about the top now. I'm like you-very much about the fundamentals. I guess that's our problem-we're both too Real!
Oh actually this was the first time I commented on GM's Site, I'm very glad to be part of this community, I would have no clue without GM's guidance.. =)
Bitcoin is a core position for now. However, the problem with crypto is that they have unlimited supply:
Replicate Bitcoin code and create Bitcoin1, 2 ,3 ..n. Or create your own in a few hours using one of so many platforms available. Thus cryptos have unlimited supply. Crypto in reality are much worse than USD. However, while ignorant pile on it, greater fool will buy it at a higher price. So I am counting on that.
Second problem with crypto is any day a quantum computer may break that encryption.
Third problem with crypto is govt. can make it illegal to use. I know I know that non-centralized system. But will you use it if the law says 10 years of jail for using it ? Just like gold was made illegal ?
Fourth problem is mining. Rewards get smaller and smaller and cost goes up and up
I think core positions is buying and owning actual shares for medium/long term. His alerts are mostly for shorter term trades with options (derivatives, not spot). Core position is buy and hold for a while.
Reading, enjoying and appreciating GMs insight. Can someone help answer a few basic questions about the actual online purchase for the first time options investor...
I have opened an account with TD Ameritrade. On the purchase page there are several choices that I'm not clear on.
In general, how long is too long to wait to purchase suggestions in the newsletter. (I'm considering GE options which are inexpensive as a first purchase).
"Nelson Bunker Hunt, Lamar Hunt, and William Herbert Hunt, the sons of Texas oil billionaire Haroldson Lafayette Hunt, Jr., had for some time been attempting to corner the market in silver. In 1979, the price for silver (based on the London Fix) jumped from $6.08 per troy ounce ($0.195/g) on January 1, 1979, to a record high of $49.45 per troy ounce ($1.590/g) on January 18, 1980, an increase of 713%. The brothers were estimated to hold one third of the entire world supply of silver (other than that held by governments). The situation for other prospective purchasers of silver was so dire that on March 26, 1980, the jeweller Tiffany's took out a full page ad in The New York Times, condemning the Hunt Brothers and stating "We think it is unconscionable for anyone to hoard several billion, yes billion, dollars' worth of silver and thus drive the price up so high that others must pay artificially high prices for articles made of silver"
Hi Greg, I love your work. Did you know that HR748 CARES Act was FIRST introduced on January 21, 2019!!! By Joe Courtney! That's ONE YEAR AND THREE MONTHS BEFORE lockdown! It was passed last July! That's why they voted themselves a raise and went on vacation while 30 million people lost their jobs! They knew all about this that far in advance!
The newsletter and Youtube videos are excellent. I just donated to the cause. Don't know how I'd live without this level-headed guidance right now. It's literally saved my from myself. ALL the other "experts" are continually calling it wrong. Greg is the only one who's gotten it right with almost a perfect record. "Trade the market that's in your face!" LOL
The Newsletter is an absolute Godsend GM and is much appreciated! The updates & insider info are GREAT, and I'm finding it a great place to exchange ideas, knowledge, and experience, regarding markets, metals, and lots more. Was a great idea GM!
So you believe the market won't catch up with reality any time soon? Do you believe it is possible thah the bottom was already in?
Many I read do believe the bottom is in; however Kieth@Hedgeye sees this current environment as very Bubbly much like the Feb market peaks. I personnelly believe a retest is coming, the fact that the SNP can't get past Fib .618 is significant to me. But these Fed Liquidity rallies fool me & I've been very wrong thus far. DAMN
I surely have no idea where we stand. In my opinion it would be crazy to think the bottom is in, we are running a zombie ecenomy. On the other hand we have the FED which keeps the party going, it is such a mess.. fundamentals are totally out of the window
What's up Laser I see you comment here often...2 traders who were very right about the March 23rd bottom, Kuppy & Kevin Muir (The Macro Tourist) have also said this is about the top now. I'm like you-very much about the fundamentals. I guess that's our problem-we're both too Real!
Oh actually this was the first time I commented on GM's Site, I'm very glad to be part of this community, I would have no clue without GM's guidance.. =)
Bitcoin is a core position for now. However, the problem with crypto is that they have unlimited supply:
Replicate Bitcoin code and create Bitcoin1, 2 ,3 ..n. Or create your own in a few hours using one of so many platforms available. Thus cryptos have unlimited supply. Crypto in reality are much worse than USD. However, while ignorant pile on it, greater fool will buy it at a higher price. So I am counting on that.
Second problem with crypto is any day a quantum computer may break that encryption.
Third problem with crypto is govt. can make it illegal to use. I know I know that non-centralized system. But will you use it if the law says 10 years of jail for using it ? Just like gold was made illegal ?
Fourth problem is mining. Rewards get smaller and smaller and cost goes up and up
does this mean we won't get alerts or tips anymore?
Notice that he specifically said "dividend paying" -- you don't receive dividends from options. So he means owning the actual stocks.
I think core positions is buying and owning actual shares for medium/long term. His alerts are mostly for shorter term trades with options (derivatives, not spot). Core position is buy and hold for a while.
Payment sent! I'd gladly pony up 5 Fed Bux a month for your newsletter!
Can do more than that! :)
Only 5 dolla-SOLD!
Reading, enjoying and appreciating GMs insight. Can someone help answer a few basic questions about the actual online purchase for the first time options investor...
I have opened an account with TD Ameritrade. On the purchase page there are several choices that I'm not clear on.
"Options strategy" - Single order?
"Action" - Buy to Open vs. Buy to Close..
"Order Type" - Limit, market, stop market, stop limit
"Time in Force"
In general, how long is too long to wait to purchase suggestions in the newsletter. (I'm considering GE options which are inexpensive as a first purchase).
PS - I did support the newsletter.
GM: Are you putting any hedges on ? If yes, which sector / etf / stocks ?
Well worth the $5 or more. Thanks for helping to make sense of the big picture. And zeroing in on where and how we can be profitable.
thank you Greg.
Thanks for all ur work Greg!
I wonder if this can happen again ? https://en.wikipedia.org/wiki/Silver_Thursday
"Nelson Bunker Hunt, Lamar Hunt, and William Herbert Hunt, the sons of Texas oil billionaire Haroldson Lafayette Hunt, Jr., had for some time been attempting to corner the market in silver. In 1979, the price for silver (based on the London Fix) jumped from $6.08 per troy ounce ($0.195/g) on January 1, 1979, to a record high of $49.45 per troy ounce ($1.590/g) on January 18, 1980, an increase of 713%. The brothers were estimated to hold one third of the entire world supply of silver (other than that held by governments). The situation for other prospective purchasers of silver was so dire that on March 26, 1980, the jeweller Tiffany's took out a full page ad in The New York Times, condemning the Hunt Brothers and stating "We think it is unconscionable for anyone to hoard several billion, yes billion, dollars' worth of silver and thus drive the price up so high that others must pay artificially high prices for articles made of silver"
Can China do it ?
@Greg M Please check your email. Subject = Robinhood
I just sent the message.
Hi Greg, I love your work. Did you know that HR748 CARES Act was FIRST introduced on January 21, 2019!!! By Joe Courtney! That's ONE YEAR AND THREE MONTHS BEFORE lockdown! It was passed last July! That's why they voted themselves a raise and went on vacation while 30 million people lost their jobs! They knew all about this that far in advance!
The newsletter and Youtube videos are excellent. I just donated to the cause. Don't know how I'd live without this level-headed guidance right now. It's literally saved my from myself. ALL the other "experts" are continually calling it wrong. Greg is the only one who's gotten it right with almost a perfect record. "Trade the market that's in your face!" LOL