MUST WATCH! Mannarino EPIC RANT! Calls Out ALL FEAR PUSHING YouTube "Crash Channels."
From Greg M
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This comment of mine WAS DELETED by Google, of the motto “Do No Evil” — and that’s ALL they do in my experience — on the 5/19/2022 YouTube video “US Manufacturing COLLAPSES, Economy In FREEWILL. Mannarino!”
So I’m copying it here in the hope that Gregory Mannarino, and his viewers, will now be able to see it as I believe it to be of value:
“You’ve asked for comments, Gregory, so here’s one for you:
“The "Main Stages in a Bubble," https://transportgeography.org/contents/chapter3/transportation-and-economic-development/bubble-stages/ according to Dr. Jean-Paul Rodrigue of the Economics and Geography Department of Hotstra University, are of four phases, as shown in his Valuation vs. Time Chart:
“First is the “Stealth Phase” of the Smart Money, and the ‘Take Off' from the 'Mean.’
“Then the “Awareness Phase” of the Institutional Investors, and the ‘First Sell Off,' falling into a ‘Bear Trap.’
“And then onto the “Mania Phase” of the Public, with ‘Media Attention,' 'Enthusiasm,' and 'Greed' and 'Delusion.’
“That takes us up, up and away to a “New Paradigm!!!” in a Massive Blow Off Top!
“For the finale, we are slammed down in the “Blow Off Phase” that begins with ‘Denial,’ and then falls down a steep and slippery slope into a ‘Bull Trap,’ followed with a short-lived dead cat bounce, and a so-called ‘Return to Normal.’
“That takes us to the biggest roller coaster drop ever, with ‘Fear,’ ‘Capitulation,’ and finally down to utter ‘Despair’ as the bubble's trend line falls below the ‘Mean.' I estimate that the drop from the Blow Off Top to be between 80% and 90%.
“Only then will we see a reversal up to the ‘Return to the Mean' line.
“In my opinion, we are in the ‘Bear Trap’ stage: that is, in preparation for the 40% Meltup in the Public “Mania Phase” predicted by David Hunter https://www.youtube.com/watch?v=o7_zUYCDjoo in his Wealthion Interview of January 27th, 2022.
“I have several 1,000 oz bars of silver bullion securely stored in Silver Bullion Pte's vault, in Singapore (where our evil government cannot find and confiscate it), and a few hundred shares of the streaming company Wheaton Precious Metals [WPM].
“Wheaton, as a streaming company, purchases a percentage of a mining company's output at a steep discount in return for up-front financing. They hold a 40% share in silver (the largest % in silver of the royalty or streaming companies), with the other 60% in the other metals that their mining companies produce.
“I’m leveraging the silver with the Gold-Silver Ratio now at 87.78, the highest it's been since July 2020 which, if it reaches parity with gold (and it’s been done), will experience a multiple of 88 times that of its current value. The silver market experiences both higher highs, and lower lows than gold, as well as this now large spread that is a strong buy signal above the 80 times level (it’s lowest relative price range).”
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Well, the S&P 500 is trading below it's 200MA on the daily chart. It might continue lower for a wee bit. Though it could be a false breakdown to TRAP the bears. Noooooo!
BEARS RULE! 🐻🐻🐻
S&P Daily Chart
https://docs.google.com/document/d/1oN3ulGg70aNqiO4xYpJyijEbS2HNoJF8gsO1tveuCsQ/edit?usp=drivesdk