Lions and Friends... Risk In This Market Is EXTREME. Take Action.
From Greg M
Lions and friends…
The Mannarino Market Risk Indicator, (MMRI), is now over 300 and shows no sign of abating.
With that, it may be time to re-evaluate your long positions. Take some time to consider risk.
You have many options as to how to protect your long term holds. For example, if you do your own trading, you may want to consider Protective Puts.
If you have someone else managing your money, you should get on the phone and discuss your concerns.
Gain exposure to commodities.
If we are at the point where this environment is going to switch from risk on to risk off, meaning cash moving from equities/stocks into commodities, you will want to position yourself correctly.
You can gain access to commodities via an ETF, (Exchange Traded Fund), or by holding commodities in your hand- Physical Gold, and more specifically Silver.
If you have been with me for any length of time, you are likely in all the right spots already.
GM
honestly if this week ends with the MMRI still going up I say its soon time to head for the hills .
Buy silver peace dollars if you can. Approximately $30 +/- and start stacking! Even if you can only afford to buy one a week or one a month, do it.