Commercials have significantly increased short positions in Gold as USD rises
I suspect, Gold will go as high as 1920 1930 just above the resistance for 2 3 days. Gold bugs will jerk each other off and proclaim this is it, gold to the moon, load up the truck. Then will come JPM screw all of them yet again. Reaction of gold bugs : ha ha ha ha .. I am laughing at this manipulation and buying more.
' Economy is weak' narrative has been in the play for the last 20 30 50 years or time immemorial. there is nothing new. In the mean time stocks, real estate, bonds, USD everything has gone through the roof and there is no end in sight. Consumers are loaded with cash and spending it all over the place buying useless goods. Consumer is itching to go on lavish vacations if you open up travel.
Let's put that 'Economy is weak and people are suffering' narrative to rest. You can go back to articles as far back as you wish and you will see the same narrative in play. Really. Check it out yourself. It's not a new narrative. Now watch house prices double from here and people still will be scrambling to buy. Only if the FED stops printing, people would go penniless and starve on the street. If you don't want to print then stop free trade and impose heavy duties on every imported items. That will also reduce the American living standard to third world countries
I saw people with children today sitting on corners begging for $ close to areas of multi million dollar neighborhoods. I couldn’t read the language on the signs but I could see $ marks. The expressions on their faces were obvious.
It has always been like that. Everything is about food in USA. Go to Google reviews of restaurants/ coffee houses. You will only see photos of food. Decor, hostesses, style.. nothing. Just photos of food. Went to a strip club the other day. We asked the manager, how's it? He replied - we have great food. Go figure.
ok ? Dig deeper and buy food stamps from them in parking lots around USA Gone are the days when people felt shame in collecting food stamps. I can't believe people are so naive.
Lynette Zang is on crack imo. "Fear" is a powerful emotion and she is instilling that in you to earn "clicks" All these clowns have been wrong since time immemorial. Don't forget that silver is down 50% since 1980 peak. Talk about worse investment than silver.
You will see the rise of more YouTube economists as women leave kitchen and become financial experts with qualifications ranging from child care, home bakery, dog food, and PhD in World Religions or whatever the heck they teach these days or even with no high school education.. whatever
Another drop is Gold is on it's way
https://snalaska.us/cot/current/charts/GC.png
Commercials have significantly increased short positions in Gold as USD rises
I suspect, Gold will go as high as 1920 1930 just above the resistance for 2 3 days. Gold bugs will jerk each other off and proclaim this is it, gold to the moon, load up the truck. Then will come JPM screw all of them yet again. Reaction of gold bugs : ha ha ha ha .. I am laughing at this manipulation and buying more.
Happens all the time.
Those of us on the same page with Greg understand and can see through the bs.
' Economy is weak' narrative has been in the play for the last 20 30 50 years or time immemorial. there is nothing new. In the mean time stocks, real estate, bonds, USD everything has gone through the roof and there is no end in sight. Consumers are loaded with cash and spending it all over the place buying useless goods. Consumer is itching to go on lavish vacations if you open up travel.
Let's put that 'Economy is weak and people are suffering' narrative to rest. You can go back to articles as far back as you wish and you will see the same narrative in play. Really. Check it out yourself. It's not a new narrative. Now watch house prices double from here and people still will be scrambling to buy. Only if the FED stops printing, people would go penniless and starve on the street. If you don't want to print then stop free trade and impose heavy duties on every imported items. That will also reduce the American living standard to third world countries
I saw people with children today sitting on corners begging for $ close to areas of multi million dollar neighborhoods. I couldn’t read the language on the signs but I could see $ marks. The expressions on their faces were obvious.
This was unusual activity !
And people are stealing food!
It has always been like that. Everything is about food in USA. Go to Google reviews of restaurants/ coffee houses. You will only see photos of food. Decor, hostesses, style.. nothing. Just photos of food. Went to a strip club the other day. We asked the manager, how's it? He replied - we have great food. Go figure.
Lol!
Everyone eats everywhere across the globe!!
With so many people getting lots of food stamps monthly I can’t help but wonder who is stealing food . Mostly meat products I was told.
Food stamp = iPhone 13 Pro Max
ok ? Dig deeper and buy food stamps from them in parking lots around USA Gone are the days when people felt shame in collecting food stamps. I can't believe people are so naive.
MonkeyPox?
https://anchor.fm/collapsepodcast/episodes/The-Pox-Series-Part-3--MARYLAND-RESIDENT-TESTS-POSITIVE-FOR-MONKEYPOX-e1ae4eu
Lynette Zang is on crack imo. "Fear" is a powerful emotion and she is instilling that in you to earn "clicks" All these clowns have been wrong since time immemorial. Don't forget that silver is down 50% since 1980 peak. Talk about worse investment than silver.
You will see the rise of more YouTube economists as women leave kitchen and become financial experts with qualifications ranging from child care, home bakery, dog food, and PhD in World Religions or whatever the heck they teach these days or even with no high school education.. whatever