I have to be honest - I was in 60% cash for like 3 weeks on lots of worries about Chinese real estate. Those problems will get here, eventually, and we may face other oddities like the debt ceiling and... Continue Reading →
Edit: I wrote this in pieces the last 2 days. Wouldn't you know we close up 261 on the dow. Step back from the daily close and whatever narrative the muppets on CNBC tell you to take stock in your... Continue Reading →
Edit: I wrote a lot of this yesterday over lunch and last evening (9/7). I then start to see TA's everywhere calling for new lows. On ONE fucking day people....with no news. In an environment where a company with $305... Continue Reading →
The setup.... If you look at the daily highs on the stock markets, you'd think all is peachy in the world. Well, in reality, if you think about who owns a vast majority of these stocks, you are making stupid... Continue Reading →
Look, anyone telling you they KNOW where this is going is full of shit. We look at probabilities, history, supply/demand, global politics, the dollar, interest rates, debt - and we all try and make our best long term guesses. Most... Continue Reading →
The most hated sector right now might be precious metals. All time highs daily in the markets. Crypto making a rebound. And there is a pet rock. Luckily, my pet rock has been money for 5,000 years and don't look... Continue Reading →
I'm not going to bust out charts to point to some sort of divergences today. There are far better people for that, but I do have a GDX and SILJ to at least consider. What I wanted to do was... Continue Reading →
I don't think it's a surprise for me to tell anyone that there's a high correlation between GDX and gold or SILJ and silver. But I often looked at these and wondered... "SILJ is $16 today at $27 silver. I... Continue Reading →
This is a shorter blog, as the title tells the story pretty clearly. Have most of you observed what I have this week? "These "experts" are idiots and I'm done with them""No one really knows""I think TAs are trying to... Continue Reading →
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