32 Comments

I'm going to buy silver this weekend

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Strong economy continues as Americans buy whatever Europe and Asia can serve us

https://www.wsj.com/articles/ports-race-to-clear-cargo-fearing-an-import-overload-when-china-lifts-lockdowns-11651829580?mod=mhp

Summer vacations will be off the chart as airlines struggle to accommodate increasingly affluent population. Ignore the bullshit news . Just watch and see how affluent people are

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Hoping it DOES go lower so I can buy more dividend stocks. Dollar cost average down. Thats what Greg is doing. Look for Abbvie and IBM. Great dividends. In the meantime if you've followed Greg's advice and pivoted to commodities you are doing quite well.

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May 6, 2022·edited May 6, 2022

I sold all my different crypto coins in my account, then re-bought just one coin with 50% of my capital.

If price goes up, I'll sell the coins for a profit. If price goes down I'll DCA down the coins with the remaining capital at a lower price.

I'm in a long AND short position at the same time. I can't lose. Eeeeeeeeeeheheheheheee! 🤣😂😂😆😁😹😆😁🤣🤣

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Based on the comments here so far, we are a long way from capitulation.

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May 5, 2022·edited May 5, 2022

Exactly and see the monthly chart of tnx .. for the first time since 1988, tnx is above 200 DMA

Wow this is serious stuff. Once the sell off begins in earnest , fed printing will do nothing and some other bubble will be blown

I am surprised that bonds are not blowing up fast with this kind of rate rise

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May 6, 2022·edited May 6, 2022

See my post above and remember. Hehe (Price of Nasdaq at time of post 12800)

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It's a bad idea for an investor to bail out now. Stocks are on sale now. Markets such as this are buying opportunities.

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I agree. Great buying opportunities for long term gains, but not the losers that keep on plummeting.

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I am mostly out will buy back when the fed reverses course or spy goes above 200 DMA or at least 50 DMA

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Not very many to choose from that are above 50 MA. Keeps shrinking. There may be a tipping point to convert to shorting more than going long.

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All the lions remained long for 5 months and took the full hit. That's how invincible we are. Nasdaq is down 25%

I think 200 DMA rule is good. Get the f*k out of mkt once spx goes below 200 DMA and don't look back

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May 5, 2022·edited May 6, 2022

For the last 5 months stocks are going down and yet every body still has that bullish bias. They keep buying dips and keep losing. If you are positive for 5 years , 5 months is still a loss.

How come nobody saw it coming ? That proves that none of us are invincible. When it rumbles nobody will see it coming. Calming music will be played and 95% will lose out all

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Food Supply Shutdown: Deer, fish, pigs euthanized; crops not planted

https://www.youtube.com/watch?v=oOH9RkTKLOY&t=236s

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YES! Sounds good to me 😊

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It's intentional and part of the plan to starve people to death. Heard something about China going to be withholding medical supplies from the people. Karma is going to come to these beings that are doing this and have been doing this for many thousands of years.

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Not worried

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I enjoyed your latest video after Thursday's market drops. Having been a Long Bond Trader at the future's pit I get a kick out of watching and/or anticipating interest rates. The 10 year over 3 is a good start to the debt bubble unraveling...my god thiose bod holders have been hit hard. In my aged decrepitude I still manage a thought now and then...risk on vs risk off? Personally, I say risk off though I do have a sizable gold and silver stocks position which can hardly be considered risk off. Dividend payers in other other currencies have value in mho but the strong USD is a tough battle to win UNTIL it isn't. When will that be? Hard to predict but obviously confidence is still strong relative to others, but it won't take a black swan to change that. I suggest that Powell will fail in trimming the balance sheet and cower to the market upset. As you say, what a show. Best to you.

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Big Secret for you guys. Shhhh 🤫. This is not the BIG ONE...

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May 6, 2022·edited May 6, 2022

To think that economy is weak will be as dumb as being long on the market for 5 months ... All restaurants are full and I mean packed. Strong demand for air travel and houses sold out

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I want to see where this goes.

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When Greg says money will go out of stocks into commodities, does he mean commodity equities or pure commodities like physical pm?

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May 5, 2022·edited May 5, 2022
May 6, 2022·edited May 6, 2022

the charts are for futures, would miner and energy stocks benefit too? I know Greg likes PDBC would that benefit as well? Just trying to get my head around how things would evolve..

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You sell, as a company, let's say wheat. Prices rising. Do you benefit? Think so. And commodities up means PDBC up.

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I was surprised to see gold, silver, crypto, and the ten year made such a small move up today as a safe haven trade?

Silver actually retreated today.

Is this insider selling?

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probably paper manipulation

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still friends then?

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Thanks. I sold many stocks in 2020 downturn. Only to buy them all back at higher prices.

I could sleep a few nights. Then everything started going up. I think there’s a lot of machine selling.

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The big difference between the downturn of 2020 and today is that the downturn of 2020 was followed by a record expansion in the monetary base. https://fred.stlouisfed.org/graph/?g=OXaY

In our current environment of elevated inflation such a sudden increase in the Monetary Base is HIGHLY unlikely.

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Look at the chart, Trillions were added to the monetary base in 2020.

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