Silver is the only thing where Greg got it wrong. Palladium was the place to be.
Did anyone look at the number of ships coming in to Long Beach ? It defies imagination. Record trade deficit and record debt and yet dollar is pretty stable. May be Harry Dent is right. More debt we have higher the dollar will go. Steve Van Metre is pumping his idea that QE is deflationary. So basically we have a blank check. Everyone is buying everything by printing dollars.
The market goes up only even after "small" corrections of 4 or 5% => this is NOT true for individual trades!!! It works for SPY or other index tracing ETFs.
I had to learn this the painful way from BABA (earlier this year) and INTC (lately) both down 50 to 70% now. These were falling knifes and anyone could've foreseen it from the news.
Then, I followed blindly into these trades and I regret it so much.
Lions you have to do your own research before putting your hard earned money in a trade.
Greg doesn't seem to have anything to say about the trades that go bad. Never saw a post that says "get out" or any follow up. It just vanished from the screens.
The fact is, I don't really feel "on the right side of this market".
I suppose there's not much to do ... just take the loss I guess.
I got really slaughtered with some of his picks- now I just fool around with ETF's. I think you're right about taking a loss, I'm just looking for a good time to bail.
I figure the size of his account dwarfs mine so there's a lot of cash with which he could feed into a position on the dips, so this being the case he probably IS right 95% of the time. Consequently, his average share price is lower so he could exit the position comfortably. Plus he uses other strategies that are mentioned in his book, strategies that I wouldn't attempt due to my lack of experience in that area. I just don't have the resources in my account to keep adding to losing positions.
Yes need our own DD and timing. I did not buy Intel because I am in tech and I know that their CEO was a money shuffler accountant lol. New CEO is better but it's too late for this big water buffalo. Nvidia has eaten their lunch.
That ex CEO outsourced chip manufacturing to Taiwan and hired a whole bunch of money shufflers and probably more giggling fat women who roamed the isles.
Especially Silver. If you look at the 50 years chart of silver, it's "Pathetic". I don't think there is any manipulation otherwise billionaires would setup an ambush for JPM where they take a large amount of deliveries after a silver attack and catch JPM pants down. Did not happen. The silver market is so small that even Hunt Brothers could corner it. Now we have 400 lbs gorilla China but they prefer to buy treasury bonds.
China has a deal with the US. US keeps gold price in USD down so China can stack up. They buy gold in a hidden way to not drive up the price. See Jim Rickards' very good book "currency wars" and "a new case for gold".
Irrespective of 'reasons', end result is that gold/silver are pathetic investment choices. No wonder Buffet does not even think about thinking about buying these two
I think China can hire top key tech talent from USA at 1 million a month salary. They have so much money. In most companies there is just 5 6 or even one key person. Rest are just sitting doing mundane jobs.
Oh yes Jerome Powell is delusional he threw in the towel on December 2018 and continued to inflate the everything bubble and you should ask him when he fills his grocery cart if he feels it in his purse.it will all magically disappear inflation you say come on .
sometimes when a person wears a cap turned to the side it lets street people know what kind of d__g is offered . 🙂
Here the drug is easy money ...
It can also keep the sun off your neck
By the way, did you guys receive a notification mail on this one ?
Silver is the only thing where Greg got it wrong. Palladium was the place to be.
Did anyone look at the number of ships coming in to Long Beach ? It defies imagination. Record trade deficit and record debt and yet dollar is pretty stable. May be Harry Dent is right. More debt we have higher the dollar will go. Steve Van Metre is pumping his idea that QE is deflationary. So basically we have a blank check. Everyone is buying everything by printing dollars.
It's not the only thing he is wrong about ...
The market goes up only even after "small" corrections of 4 or 5% => this is NOT true for individual trades!!! It works for SPY or other index tracing ETFs.
I had to learn this the painful way from BABA (earlier this year) and INTC (lately) both down 50 to 70% now. These were falling knifes and anyone could've foreseen it from the news.
Then, I followed blindly into these trades and I regret it so much.
Lions you have to do your own research before putting your hard earned money in a trade.
DON'T just hop in blindly when you get the 'tip".
Truer words were never spoken.
Greg doesn't seem to have anything to say about the trades that go bad. Never saw a post that says "get out" or any follow up. It just vanished from the screens.
The fact is, I don't really feel "on the right side of this market".
I suppose there's not much to do ... just take the loss I guess.
I got really slaughtered with some of his picks- now I just fool around with ETF's. I think you're right about taking a loss, I'm just looking for a good time to bail.
His « tip » on PYPL came just before a deep dip and it’s not finished.
Then he says he’s right 95% of the time.
I figure the size of his account dwarfs mine so there's a lot of cash with which he could feed into a position on the dips, so this being the case he probably IS right 95% of the time. Consequently, his average share price is lower so he could exit the position comfortably. Plus he uses other strategies that are mentioned in his book, strategies that I wouldn't attempt due to my lack of experience in that area. I just don't have the resources in my account to keep adding to losing positions.
Well said Chris
Yes need our own DD and timing. I did not buy Intel because I am in tech and I know that their CEO was a money shuffler accountant lol. New CEO is better but it's too late for this big water buffalo. Nvidia has eaten their lunch.
That ex CEO outsourced chip manufacturing to Taiwan and hired a whole bunch of money shufflers and probably more giggling fat women who roamed the isles.
Especially Silver. If you look at the 50 years chart of silver, it's "Pathetic". I don't think there is any manipulation otherwise billionaires would setup an ambush for JPM where they take a large amount of deliveries after a silver attack and catch JPM pants down. Did not happen. The silver market is so small that even Hunt Brothers could corner it. Now we have 400 lbs gorilla China but they prefer to buy treasury bonds.
JPM "works" on behalf of the FED and the UST to manipulate the gold price in order to not let it run away because that would make inflation obvious.
So I don't expect any pressure coming from that side on JPM.
China has a deal with the US. US keeps gold price in USD down so China can stack up. They buy gold in a hidden way to not drive up the price. See Jim Rickards' very good book "currency wars" and "a new case for gold".
Irrespective of 'reasons', end result is that gold/silver are pathetic investment choices. No wonder Buffet does not even think about thinking about buying these two
I think China can hire top key tech talent from USA at 1 million a month salary. They have so much money. In most companies there is just 5 6 or even one key person. Rest are just sitting doing mundane jobs.
Oh yes Jerome Powell is delusional he threw in the towel on December 2018 and continued to inflate the everything bubble and you should ask him when he fills his grocery cart if he feels it in his purse.it will all magically disappear inflation you say come on .
Lol joints for jabs, there was a huge line in nyc last weekend. https://twitter.com/LeeroyPress/status/1384936669560942595?s=20
I’m sure they don’t anticipate anyone surviving long enough for those bonds to mature !
Hurry to get the shot everyone,before you see people dying from it