Looks like SLV flipped over to a sell; GLD still a buy. I plan to hold SLV, as Greg warned this week will be a down week for GLD and SLV. Maybe even add to my position on weakness. Thoughts?
I sold all my metals, miners and btc yesterday to secure a profit. I'm watching to buy back in lower. If the stock market has another massive pullback it could drag the metals down with it like the last two times so I wanted to make sure I had my profit. End of the month here also. never no what shenanigans will be up.
I also fear a sell off in the miners like the last time; but, as Greg says, the FED is buying everything so maybe there will not be a selloff as many predict. And with them blowing the debt bubble to infinity, the metals SHOULD do well. But, in the casino world of equities, who knows.
Just started following you. Not a trader, just like market opinions and find yours interesting. I never heard your claims re: Fed anywhere else . . . that their purpose has ALWAYS been to buy and own everything. Thought originally they had a very different function (bank owned by banks to help banks) that has been warped over time but never heard your take before. Where have you seen evidence of this perspective? Also, were you once working on Wall Street in some capacity? You seem to be very in tune with the overall market picture.... Just curious
Thank you Mr. Mannarino, always.
Looks like SLV flipped over to a sell; GLD still a buy. I plan to hold SLV, as Greg warned this week will be a down week for GLD and SLV. Maybe even add to my position on weakness. Thoughts?
Can't go wrong buying GLD
I sold all my metals, miners and btc yesterday to secure a profit. I'm watching to buy back in lower. If the stock market has another massive pullback it could drag the metals down with it like the last two times so I wanted to make sure I had my profit. End of the month here also. never no what shenanigans will be up.
I also fear a sell off in the miners like the last time; but, as Greg says, the FED is buying everything so maybe there will not be a selloff as many predict. And with them blowing the debt bubble to infinity, the metals SHOULD do well. But, in the casino world of equities, who knows.
You're so right.
Hmm, I don't understand why WMT is down?
I had the same thought.
Bought some MSFT calls!
Thanks Robin Hood!
!
Thanks Greg! I’m up on 3 out of 4 of the trades made off your recommendations! TGT, XLE,XLF all up ROKU down but holding.
I like SE, RNG, XLE, TSLA and ROKU.
Just started following you. Not a trader, just like market opinions and find yours interesting. I never heard your claims re: Fed anywhere else . . . that their purpose has ALWAYS been to buy and own everything. Thought originally they had a very different function (bank owned by banks to help banks) that has been warped over time but never heard your take before. Where have you seen evidence of this perspective? Also, were you once working on Wall Street in some capacity? You seem to be very in tune with the overall market picture.... Just curious
I appreciate it Greg. Riding with you all the way.
Good morning and thank you Greg for the update.