Cause Fears of excessive speculation by the Federal Reserve ( The international Bankers)
The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange collapsed.
Greg are you still adding to your position? Where do you keep your investment funds? Bank, brokerage, t-bills, mattress?? What percentage do you feel comfortable in the market today?
Greg,
Good morning.
evidently you don't read my comments.
We are in a recession and I told you that oil will see $85.00 before it sees $105-$110.
It's trading @ $83.54 It's not flat.
I said commodities trade in a 3 year peak and valley.
Also said Natural Gas was going to sell off due to destruction demand
it was down over 5% yesterday and down this morning 2.4%
Bitcoin is drifting towards $15,000.00
Major support around $11,000.00 this one will be a struggle IMO it will happen
Obviously when your in a recession with the Fed raising rates sales of new homes and existing homes will go down it's a no brainer<>basic economics.
Finally IMO you are a top line reader for news.
dig deeper there are a lot of brilliant people out there.
And I still question the volatility of your MMRI these guys are playing with algorithms
Quoting Morgan Stanley or Goldman Sachs to support your thought process and don't get me started with JP Morgan.
These guys and you should know best being a former Wall street industry employee.
They are selling their book and what is in it for them.
To much greed.
As I said before it is going to get much more difficult and they can drag this out until the end of 2023.
One last thing watch for the US $$ pivot to have a correction down.
Something stupid out of the FEDS tool Box.
I'm trying IMO to help everyone understand the market.
It's full of speculators who go from one side of the trade to the next when the trend changes.
So enjoy the day and have your second cup of coffee and perhaps it will wake you up to read my comment
Thanks,
WOT
Good Morning WOT
What is your prediction on the price of gold?
Thanks Tom...
Tom,
Good morning.
To be candid I work in the industry.
So I don't know who you are or what your risk tolerance is.
So do your own research after I make my comment.
We know that this market is one of the biggest that has been manipulated.
So EXTREME CAUTION.
First what needs to happen today.
Gold would have to close above $1737.40 trading @ $1714.20 up $11.00
Also gold is trying to build a base.
As indicated we need to see the US$$ make a pivot to go lower.
this should happen within 2 weeks IMO
This is difficult because the Fed has raised rates and now we have a very strong US $$.
Worldwide money <>investors look to the US as a safe place to invest in.
True<> with extreme caution.
Our short term target is $1950<> $2,000.00 by year end.
What needs to happen some of the Bitcoin speculation needs to move back into this space.
Longer term we still like gold and silver and mining shares.
So the best to you with your investments.
Again please do your due diligence.
Thanks,
WOT
Thank you WOT and keep us all informed......Tom
Can I get a DUH!!
So THEY will be doing this again?
Diabolical !
Wall Street 1929 crash
Date September 4 – November 13, 1929
Type Stock market crash
Cause Fears of excessive speculation by the Federal Reserve ( The international Bankers)
The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange collapsed.
Greg are you still adding to your position? Where do you keep your investment funds? Bank, brokerage, t-bills, mattress?? What percentage do you feel comfortable in the market today?
The Central Bankers have easily inflated us from a hyper-recession into a depression. Let’s just see how they inflate us out of it again.
MMRI is up and stocks are up. Nice metric champ
Short the market call options on food and gas More QE. QE. QE til she burns
Canada raised interest rates .75% to 3.25%
Canada has raised the interest rates 3% this year and more is coming.
Good by housing market and good by economy and welcome to high inflation for a long long time
Best shocked face I’ve seen in awhile
Thanks Greg