I sell options mostly and trust me guys, especially for sellers of options, the vega (vix) will sky rocket on election night, so don't hold naked options into a vol surge, sell them when it pops to make money off the vega crush
Banks will probably claim bankruptcy and dump stocks that they have been buying up in this GREAT DEPRESSION. Since the fed is pooling in all the cash for the FEDNOW digital currency crap being pushed through the senate that’s the next move. Coins will be revalued based in precious metal content. Slowly but surely our cash will cost more to print than it is worth and BAM! Digital currency. Plus the powers that be will all say money is dirty and spreads COVID. I’m buying silver so when it booms to better ratio I trade it for gold and get free gold! Also got a few weed stocks, N As far as financials go they got some good stuff going on especially with Democrats pushing it for Federal legalization. What do you all think?
Keep on eye on uvxy. Short term hyper volatility. In March it was at 11 before it rained blood! 🩸 now at 16.50/17. Hit over 100 in a month though. I don’t see it hittin 11 but if market pumps this week I’ll be buying on some of the 2% dips on the way down this week.
Good advice Greg, the market is too volatile. The VIX is now slightly above 26, I'm keeping an eye on it. The 10 year is also dropping, people running for cover.
Greg. I have been a long follower of your stuff. Love it! You really seem to care for us. You can't fake a true emotion. I also want to be my own central bank and hold physical gold and silver. There is so much you can put in a save though. 2 questions:
1-You always say that you like gold and silver but you never talk about gold and silver stocks that will benefit from higher prices (earnings will skyrocket with higher prices of golf and silver). Why don't you go long gold and silver stocks (much better than being exposed to tech stocks that are over priced don't you think?
2-What do you think of PSLV.TO, MNS.TO (silver) and PHYS.TO, MNT.TO (gold). Those ETF are supposed to be 100% backed by silver and gold assets (I trust Sprott and Royal Canadian Mint. Shouldn't I? That what you do when you buy Silver option for $30 silver?
I sell options mostly and trust me guys, especially for sellers of options, the vega (vix) will sky rocket on election night, so don't hold naked options into a vol surge, sell them when it pops to make money off the vega crush
Interesting. Thanks for sharing that!
Wish I had the money to be trading, but I really love your updates. Thanks, Greg. You're the man.
The SLV option was about 300 USD ...
Yes indeed. My son sold out of one of his positions and made 30% which is
pretty darn good! If that continues I'm not at all believing that!
Yep, getting greedy wipes out gains in a hurry. Best to take the money off the table when it's there.
Thanks so much for reminding us day n night to be cautious of the stock market.....it takes a lot of caution and self control to play it right....
Banks will probably claim bankruptcy and dump stocks that they have been buying up in this GREAT DEPRESSION. Since the fed is pooling in all the cash for the FEDNOW digital currency crap being pushed through the senate that’s the next move. Coins will be revalued based in precious metal content. Slowly but surely our cash will cost more to print than it is worth and BAM! Digital currency. Plus the powers that be will all say money is dirty and spreads COVID. I’m buying silver so when it booms to better ratio I trade it for gold and get free gold! Also got a few weed stocks, N As far as financials go they got some good stuff going on especially with Democrats pushing it for Federal legalization. What do you all think?
Keep on eye on uvxy. Short term hyper volatility. In March it was at 11 before it rained blood! 🩸 now at 16.50/17. Hit over 100 in a month though. I don’t see it hittin 11 but if market pumps this week I’ll be buying on some of the 2% dips on the way down this week.
That’s exactly how I interpreted it, but some weren’t seeing it that way. Thanks for clarifying.
Good advice Greg, the market is too volatile. The VIX is now slightly above 26, I'm keeping an eye on it. The 10 year is also dropping, people running for cover.
Greg. I have been a long follower of your stuff. Love it! You really seem to care for us. You can't fake a true emotion. I also want to be my own central bank and hold physical gold and silver. There is so much you can put in a save though. 2 questions:
1-You always say that you like gold and silver but you never talk about gold and silver stocks that will benefit from higher prices (earnings will skyrocket with higher prices of golf and silver). Why don't you go long gold and silver stocks (much better than being exposed to tech stocks that are over priced don't you think?
2-What do you think of PSLV.TO, MNS.TO (silver) and PHYS.TO, MNT.TO (gold). Those ETF are supposed to be 100% backed by silver and gold assets (I trust Sprott and Royal Canadian Mint. Shouldn't I? That what you do when you buy Silver option for $30 silver?
Your friend for Québec :)
😎
Obviously not crashing. Didn’t you guys hear?
We are in a super V recovery! 😆
We want to buy at support and sell into resistance, in other words :)
But wouldn’t that be picking tops and bottoms? Which GM says is a fool’s errand.
Little chickens running with there heads off wondering if the sky is falling lol
Most of your advise is perfect!
https://www.youtube.com/watch?v=m0eKn7wsCaQ - It is appalling.