Posted by goldnice on 11th of Apr 2021 at 11:16 pm
If you don't have long term call options on gold, silver, and
bitcoin I don't know what else i can show you. This is super scary!
When the inflation psychology changes its going to be a sight to
behold in the metals markets. GLD SLV GDX GBTC BTC
Posted by jackbnimble on 12th of Apr 2021 at 10:14 am
Respectfully, I would be cautious with this bet. You're betting
against the entire arsenal of the Federal Reserve. Say they start
to see hyperinflation, or at least inflation greater than the 3% we
are expecting this year, what do you think they'll do? Rates will
be raised and asset purchases will be decreased or suspended. That
isn't enough? Then they'll change the reserve ratio, forcing banks
to hold more capital and therefore reducing the money supply. That
isn't enough? They have $7 trillion in assets they can sell
directly to the market to pull out liquidity. I still believe
BTC is a good bet, but not because inflation is going to run
uncontrollably
Posted by ridgetopab on 12th of Apr 2021 at 12:34 pm
I agree, cryptos have a potential Black Swan event when central
banks shut down the market. Can't verify this but, I read
that 80% of mining and transactions for cryptos are being done in
China (using coal fired electrical generation). Risk that few
consider?
Extreme bubble warning when you hear talk about getting into
mining by inexperienced speculators?
Rising inflation should translate into rising interest rates so
there might be an initial spike in commodities in the panic trade
but, rising rates after the last 40 years of declining rates
is something the (all) markets will find painful to digest.
Bill Gates investment in productive farm land the best hedge
going.
My UPS driver just bragged about how he's killing it in LINK and
VET and putting ALL his money into crypto. Ummmm, ok...let me know
how that works out but at the moment those guys (and my kids) are
KICKING MY ASS!!!! FOMO is making me wanna puke!
That is a great example of the "shoeshine boy" indicator.
If you don't know about it, Joe Kennedy got out of the stock
market in 1928 because as he said (and I misquote) "when every shoe
shine boy, taxi driver, and doorman has a stock tip, it is time to
get out of the market." While it is probably a terrible
timing tool, it does indicate the party is close to ending. I
had some neophyte friends as me over lunch last week if I was
trading GameStop and if I had any good stock tips. Of course
I told them to stick to their plan if they had one.
Amen to that! We made a 10 dya cycle top on the close over 1754.
Looking for it to take out that high last week after 10 day is done
correcting than up to 1800-20 than we will see if stays below 1875
than we may correct once more than looking higher into the fall.
And yes i have leaps.
Posted by xxkumarxx on 12th of Apr 2021 at 08:13 am
Very nice info thanks for Sharing. These looking sobering.
Just this weekend I was looking at leasing a bitcoin mining rig
from one of the company that offer lease and host. If anyone
has any info on such investment would be interested.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
If you don't have long
Posted by goldnice on 11th of Apr 2021 at 11:16 pm
If you don't have long term call options on gold, silver, and bitcoin I don't know what else i can show you. This is super scary! When the inflation psychology changes its going to be a sight to behold in the metals markets. GLD SLV GDX GBTC BTC
Respectfully, I would be cautious
Posted by jackbnimble on 12th of Apr 2021 at 10:14 am
Respectfully, I would be cautious with this bet. You're betting against the entire arsenal of the Federal Reserve. Say they start to see hyperinflation, or at least inflation greater than the 3% we are expecting this year, what do you think they'll do? Rates will be raised and asset purchases will be decreased or suspended. That isn't enough? Then they'll change the reserve ratio, forcing banks to hold more capital and therefore reducing the money supply. That isn't enough? They have $7 trillion in assets they can sell directly to the market to pull out liquidity. I still believe BTC is a good bet, but not because inflation is going to run uncontrollably
I agree, cryptos have a
Posted by ridgetopab on 12th of Apr 2021 at 12:34 pm
I agree, cryptos have a potential Black Swan event when central banks shut down the market. Can't verify this but, I read that 80% of mining and transactions for cryptos are being done in China (using coal fired electrical generation). Risk that few consider?
Extreme bubble warning when you hear talk about getting into mining by inexperienced speculators?
Rising inflation should translate into rising interest rates so there might be an initial spike in commodities in the panic trade but, rising rates after the last 40 years of declining rates is something the (all) markets will find painful to digest.
Bill Gates investment in productive farm land the best hedge going.
My UPS driver just bragged
Posted by profmel on 12th of Apr 2021 at 12:54 pm
My UPS driver just bragged about how he's killing it in LINK and VET and putting ALL his money into crypto. Ummmm, ok...let me know how that works out but at the moment those guys (and my kids) are KICKING MY ASS!!!! FOMO is making me wanna puke!
That is a great example
Posted by salieri on 12th of Apr 2021 at 04:11 pm
That is a great example of the "shoeshine boy" indicator. If you don't know about it, Joe Kennedy got out of the stock market in 1928 because as he said (and I misquote) "when every shoe shine boy, taxi driver, and doorman has a stock tip, it is time to get out of the market." While it is probably a terrible timing tool, it does indicate the party is close to ending. I had some neophyte friends as me over lunch last week if I was trading GameStop and if I had any good stock tips. Of course I told them to stick to their plan if they had one.
Amen to that! We made
Posted by RP on 12th of Apr 2021 at 09:26 am
Amen to that! We made a 10 dya cycle top on the close over 1754. Looking for it to take out that high last week after 10 day is done correcting than up to 1800-20 than we will see if stays below 1875 than we may correct once more than looking higher into the fall. And yes i have leaps.
Very nice info thanks for
Posted by xxkumarxx on 12th of Apr 2021 at 08:13 am
Very nice info thanks for Sharing. These looking sobering. Just this weekend I was looking at leasing a bitcoin mining rig from one of the company that offer lease and host. If anyone has any info on such investment would be interested.