IMPORTANT UPDATES. Markets, Gold, Silver, Central Banks, Bitcoin, New System, MORE! Mannarino
From Greg M
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The rise in Cryptocurrency's and Precious Metals should be concerning, followed by the rise in the Ten Year Yield and DXY over the past three years. In February of 2020, this channel was expressing concerns about how every corner of the market was rising in price at an alarming rate, except for bond yields and the DXY. Just several months ago, the MMRI hit its highest point in 16 years, and interest rates had risen at their fastest pace ever, followed by the first time in history where interest rates and the Ten Year Yield collapsed below 1% at the same time. The warning signs are painting a picture not seen since prior to the Pandemic Crash, and the end of 2007. Most people don't understand what being "net long" is in the market...when they hear someone say "I am going to buy every dip", they don't realize that the risk tolerance could last months to years for holding, and this is one of the aspects of this channel that most people don't get...and it's very misleading. There are more warning signs of a crash than I have ever seen, and the rhetoric on this channel to is to "buy, buy, buy", completely ignoring those warning signs that had been mentioned in the past, during one of the greatest flash crash's in decades. If you are buying "net long", just keep some "powder dry", as Greg has said, because this market has the potential to crater just as fast and much as 2020 any minute.
A Zerohedge commenter says UBS has a massive payment to make on 12/15 (friday) which they will likely default on. Just a rumor (no link to back it up) but that wouldn't surprise me.