MARKETS MELTDOWN... Its Time To Get Defensive And Increase Commodity Exposure. Mannarino
From Greg M
Link To The MMRI (Mannarino Market Risk Indicator), FREE Downloads And More! Click Here: https://traderschoice.net/about-traders-choice/
PLEASE SUPPORT MY WORK. Click here: https://www.paypal.com/paypalme/GregoryMannarino
No issues with GM, generally. But it’s reactive to wise up only now to interest rate risk. Could/should have avoided/reduced exposure weeks ago; it was evident where this was going. Avoid further damage – it’s coming – by paring/eliminating/hedging exposures to interest rate moves.
As to precious metals and cryptos, directionally, GM is right. But, one always must evaluate one’s own circumstances and degree of exposure warranted. PMs have been hit, just as in spring 2020; they’re likely to recover big-time in due course ... for those able to weather the storm created by panic rush from stocks to safety.
I’ve been in a commodity purchasing posture for the better part of 40 years Greg. I call it hedging and putting away for the rainy day. The 3 G plan. God, Gold (Silver) & Guns but no longer a Get away plan like Gerald Celente talks about. Where am I going to go at 75?. I’m not vaxed. I refuse to wear a mask. I can’t even visit my pals in Canada! I’ve pretty much eased out of the market. Just play money from here on out. When are you gonna be on Barrel Buddies again? I still enjoy a fine libation from time to time. Booze is always a good investment in Rocky times! Unless of course you’re a party pooper. 🍻 Salude!