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OP feeling comfy today…
But today my good lad is the beginning of the end. I sold my UVXY position late last week, so of course the drop happens. China eating ass right now and imploding because their crap can’t ship and their going full Commie.
It would be nice to have a serious sub with occasional jokes.
ProtonMail has one. Pay for it and be easy.
I’ve never been so bewildered and lost when looking for value in a market. The risk is in every sector even bonds. They may be trying to get people back in bonds before the next reckoning. I know no matter what I do after I do it shit will hit the fan. Gold miners are still down for some reason so if I add it may be there
I check once a week on the price of silver. Just saw it dipped enough that I would pick up another 20-30oz but they are all out at SB. If you find it sub 28 from a reputable dealer let me know.
Everyone smells a downturn because there isn’t any value left out there. Biggest problem is we still have too much cash and banks can’t get rid of it because people are holding thinking they will scoop cheap assets or investing in RE. Recall what happened last year when it crashed it was one of the best trades of all time because you added a retail frenzy of buy everything. It’s really anyone’s guess at this point. My theory is housing fizzles but doesn’t crash. Inflation runs really hot and stays up 20-30% in the next two years because the Fed is fucked. The hardcore out there say food, guns/ammo and PMs. Crypto is stabilizing and majors are scooping at floors. The loose and fast still say equities. Find something in the middle maybe like pharma which is heavily tied to taxpayer funds. Really anything tied to guaranteed government payment will hang in there.
The oldest financial advisor line in the book is fearmongering over holding cash. Bottom line is they don’t get paid if you aren’t in something they are shilling. What I saw in ‘08 was a bunch of bag holding boomers willing to sell out for anything to get their 401s back to where they were because all their money was in when the crash happened. At the time my career was infant and I had nothing but I saw the opportunity to scoop RE and did. Now it seems RE is the only asset they want, boomers more specifically. Looking across the board the only thing I see is PMs if the comex can be broken. Inflation is a scary mother and I hate the Fed but it looks like consumer demand is absolutely tanking after the hangover of spending in the last year. Most people have their debts and whatever they paid cash for and will now sit on their hands. Our workforce is going French in their attitudes about work so GDP (real GDP that is) is going to be bad for several years.
Pay off your primary home mortgage first? The RE market is nuts right now. It’s doubtful it will totally crash but it will pull back 15% as soon as they raise rates or even sneeze at the fed.
I was in total agreement six months ago. I was already holding and adding to my PMs hoping to crush COMEX and have true PM price discovery. Unfortunately the house won again and here we sit. I still hold PM stocks and physical for a rainy day. In addition I also bit on the inflation talk of the last year up until about a month ago when I realized it may actually be planted to keep people in the market knowing that the slower big downturn, bear market or outright crash was coming keeping everyone bag holding. The housing crash was too fresh in most minds. Too many armchair investors watching and studying Big Short. Too many risk takers and obviously nothing of appreciating value to invest in.
This. They will try to destroy dollars now that the liquidity is drying up for retail. They can destroy all the crypto liquidity after it has served its purpose.
Don’t play their game with your money. The house always wins.
Helicopter money means no consequences. It’s just “transitionary”
Fucking A Cotton that’s some serious loss porn.
Two options left. Pull money from the market and don’t pay taxes until the treasury is closed.
PSLV not doubling is showing the manipulation is blatant. There is no magic supply in a vault somewhere they are short. The he only way to play this is to keep buying physical all the way into the summer. Many of these ETFs changed their prospectus to basically say they don’t have to take delivery.
I’m trying to come up with realistic entry points for Defi projects. Yes I would miss the gainnnns but for a long on a solid project I can’t seem to find the sweet spot. Seems like an assembled team with solid experience and a workable product but these things are tricky. Also the gas fees are retarded for taking small positions in new ones. Have you had any luck finding good projects? At this point putting more into crypto with the charts going sideways is probably not good. I figure let it dump then put more in DOT and Uni.
DeFi is the future. If they can figure out low gas fees the systems will explode. Uni is built on Dot and works great. Watch out for the shitcoin pajeets though. I swapped for more Dot this AM. Hate the high highs but it’s long term.
Won’t go to Reddit.
Check out any bullion dealers and they are ten plus days out on delivery. Keep your foot to the door physical buyers this can only continue short term before the price rockets. Remeber that the individual is stronger than any financial company or government. (Also stock ammo and food)
ACRL was one that I watched for a while. They finally set up a management department and it jumped 40%. Word back in the day was they were sitting on a gold claim but I haven’t watched them much.
The BDX chart looks like it has the most potential. Why didn’t you post this on Friday and I would have jumped in? Now I gotta see what the news on the EM with does for the price pre-market Tuesday...
Simple math: one urgent care center does 60-100 tests a day. In our area just one company has 8 locations. At $100 per covid test they are pulling down $1.4 million at minimum per month. You do not need to be an RN to administer the test just a wage cuck. Insane profitability.
Man, VA is so fucked up and the GOP about to run off the rest of us by not having a primary for Gov. We had masssss migration over the last decade and nova fucked us hard repeatedly. There’s also the Dominion problem. Better be longggggg. Pipeline didn’t even make it because all the country libs would rated die than improve the economy.