Lions and friends…
I am being widely accused of “still pushing crypto.”
Let us back up… I have covered here and on my YouTube blog that I have made some BAD calls this year. I took a 36% haircut in my stock portfolio off its high in January, and another 16% haircut in my crypto portfolio.
2022 has not been a good year for me.. I AM NOT COMPLAINING! This is the game, this is the market.
THE FIRST RULE OF INVESTING IS CAPITAL PRESERVATION! Therefore I pulled out of stocks and crypto as I needed to regroup.
As of this post I am of the belief that commodities are the place to be and as such I have put cash to work there.
“Still Pushing Crypto.”
I still believe that there will be a point in time when the debt market really does MELT DOWN. We understand the current action of central banks who are utilizing “emergency and unconventional” mechanisms to prevent a FRAGMENTATION of the debt market. In my opinion, central banks are exacerbating the main issue, a HYPER-BUBBLE in debt.
I fully intend to re-enter the crypto space and also most likely take up new stock positions moving forward. When I do, I will make it public here in this newsletter and on my YouTube blog.
GM
Gregory has made some bad calls.
Who hasn't? Overall Gregory's track record speaks for itself, it's a very good track record.
Keep up the good work Gregory.
Once BTC goes down to $5K-$7.5K, I'll get back in. 😈