71 Comments
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rob zillow's avatar

They will do anything to stay in power and screw us

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LV OLD MAN's avatar

looks like the last push up for stocks,sell at top

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President-Elect Zio's avatar

50% chance that we have already seen the low of the year. Even if not, this is not a market to short. Either do nothing and wait or start strategically building long positions.

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President-Elect Zio's avatar

Strong hands are starting to buy.

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Michaelangelo's avatar

Wef..the world's egomaniac forum..fvk them...we need to play a game called round up

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President-Elect Zio's avatar

these people are evil.

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BCM2546's avatar

Their time is limited by God

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President-Elect Zio's avatar

The fact that there is pure evil is the proof that there is God.

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Scott stephens's avatar

Thanks for update.

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Silver Warrior's avatar

In my opinion, when anything is manipulated, especially by the party that benefits, the risk is actually greater.

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Danicator's avatar

Crime, crime, counterfeited securities/currencies and rehypothecation everywhere.

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The Mystic Ruler's avatar

You may know this, I may know this, but too many people dont know it. They dont see the “ far” reaching consequences either (higher inflation, job loss, etc).

Gold, silver, oil continue to dive. It makes no sense. I know its all manipulated, but if the average Joe knew what was happening, commodities would/should be through the roof.

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Riaz's avatar

Thanks @gm.... mmri tanking😂...towards 💯 corrolated to the 10 yr yield👍,,,,, after the noise of gdp and rate hike... its printing time to the top.... sprinkled with a few manufactured crises along the way..... until the biggest day in history brought to you by CB come:::: 🎈💥 implosion. Plan , prepare, prosper and prevail making hay while the sun ☀️ shines.

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PeterPeterPumpkinEater's avatar

The whole point of tapping and selling the reserve is not to lower prices, it’s to increase the US GDP numbers to hide the fact we are already in a recession. It’s all a ruse to artificially pump numbers before the November elections.

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WOT's avatar

Greg,

FYI.

This is public information about JP Morgan Chase.

A good read and an education.<>very few pay attention

https://wallstreetonparade.com/2022/07/federal-data-show-jpmorgan-chase-is-by-far-the-riskiest-bank-in-the-u-s/

Enjoy the day.

Thanks,

WOT

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President-Elect Zio's avatar

JPM owns Silver. MUCH Silver. Winners.

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Michaelangelo's avatar

And meanwhile in the real world

I have confirmed with local cattle ranchers in Texas that large-scale herd liquidations are under way right now, with some herds being reduced by eighty percent.

This cattle liquidation is just the latest disruption to hit the US food supply which is already reeling under global supply chain disruptions, fertilizer shortages, diesel fuel price increases and extreme drought conditions. The hits just keep coming.

At the same time, the SEC and FDIC are about to announce a wave of regulations and crackdowns on stablecoins that would gut the industry and lead to another major selloff in crypto coins like bitcoin. Many stablecoins are digital money counterfeiting scams, and they won't survive a legitimate financial audit.

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Mac A's avatar

Hey GM,

Thanks for all that you do,

Just curious why you recommend JPEI on Cambone show, that is investing in the UK ? why there?

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Ymarsakar's avatar

Another few months, saturn is in capricorn again boosting the central banksters. But it'll be back in aquarius and then they really will crash to hell.

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Chris Cross's avatar

A back alley poker table run by the thieves guild is less rigged than this "market".

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President-Elect Zio's avatar

We have to trade the markets we have. Rigged or not is no excuse for potential failures. We are in the game of trading rigged markets. So we have to be smart/er.

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john nudo's avatar

Just some opinions please. Started buying ETF's like WEAT, CPER, CORN, and things like that in anticipation for market money to be moved into commodities. These positions are pretty much getting monkeyhammerd right now but for me it is long term. Should I continue to purchase these and other commodity ETFs and stocks or just hold? Thanks in advance.

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PDA's avatar

You have a connection in Illinois that will give you the color you need ;)

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john nudo's avatar

Too funny. And I'll call you. Herr Doktor.

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PDA's avatar

LOL

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PatriotMason's avatar

I'm in the same boat but mostly energy. I'm starting to move into qqq, jepi. Not financial advise and I don't know a damn thing. As far as I can see the worse the financial news, the higher the markets will rip. It's a Clown world, nothing is real. Just look at last year, more horrible news and the markets loved it.

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john nudo's avatar

Others that I'm doing are RIBT, PLTM, UEC, PSLV, AG. I think I'm going to stay the course and reanalyze at the end of the year. Thank you so much and will look into qqq.

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President-Elect Zio's avatar

Am (always) looking for opportunities. So, Thank you for your inside. Will check your choices. Basic thinking: "To hell with circumstances, I create opportunities."

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Ymarsakar's avatar

If you know how to hedge your position using calls and puts, you'll be fine regardless of what you own.

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john nudo's avatar

That's the next phase of my learning. Thank you.

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President-Elect Zio's avatar

A hedge is a kind of insurance. The principle of an insurane is you pay for it and hope you will not need it. Translated: You are hoping to throw the money for your hedge away.

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Ymarsakar's avatar

Consider the situation with the banks. If Greg had put 50k in Bank of America shares, he could buy a covered call at 75% ITM, 60% ITM, and 55% ITM.

If the price of shares go up, he will take a slice of the profit, but not all of it. On the other hand, if it went down drastically, he could immediately liquidate his position and close all of it or part of it, without losing the share price. If BOM went down 10%, he wouldn't lose 10% of his stake.

For people that wanted BOM for the dividend, I recommended they hedge their positions by selling covered calls against their owned shares. A full covered call hedge play would be to sell 90-95% in the money, and switch it up every time it loses 10-20% ITM. This can hedge losses of even 50% of the share price, reducing it to maybe 5-10% loss, and that is without counting the premium of the contract. They pay you premium to speculate on calls. Premiums are better than dividends in my view, but when you have 100k and over in a portfolio like Greg, maybe he doesn't want to think about that. Dividends are automatic, no thinking required.

IRM, one of the best dividend payers after the 2020 crash.

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President-Elect Zio's avatar

if you hold the right invests/positions you do not need to hedge them.

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President-Elect Zio's avatar

you have to look each for its own. Or you have to think in average.

good chances for wheat: https://www.seasonalcharts.de/future_farmprodukte_wheat.html

not so good for corn: https://www.seasonalcharts.de/future_farmprodukte_corn.html

good chances for copper: https://www.seasonalcharts.de/future_metalle_copper.html

WTI is political driven. Chart says down to about 90 USD than up. Because of Midterms the DEMs would like to see WTI much lower in October/November, so WTI is risky for longpositions. Seasonality says good time to buy: https://www.seasonalcharts.de/future_energie_crudeoil.html (Me is saying try to fish the next bottom @ about 90 USD.

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john nudo's avatar

I thought the exact opposite for corn. Read that farmers, due to a lack of fertilizers are now planting soybeans instead of corn and that many countries, because of corn's need for fertilizers have stopped purchasing these fertilizers by 25%. Every percent drop in fertilizers is a percent drop in corn. Will follow these charts in future. Thank you so much.

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President-Elect Zio's avatar

markets / economy / prices are interdasting. i love it. one example:

https://extensionpublications.unl.edu/assets/pdf/ec846.pdf

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john nudo's avatar

Very cool.

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President-Elect Zio's avatar

seasonality is only one of a lot indicators. I like them especially for farm products because there are good reasons for those patterns like weather, harvest times and so on. (Thats why I am long in cocoa). Worth watching.

good overview:

https://tradingeconomics.com/commodities

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Ymarsakar's avatar

I suggest looking into hedges like put and call contracts, long term, not speculation. If you want to hold stock, at least get the premium selling covered calls on it.

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