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Reversal Night 3/24/20

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The ES reversed all of yesterday's loss, plus.  But what does it really mean. Stay tuned for today's episode of General VIrus. 

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Hyperinflation, baby. 

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Banks borrow record $89.3 bln from BOJ's. The takeup was well beyond its previous record of $50.2 billion, hit on October 21, 2008, during the global financial crisis https://reut.rs/3afh3ab

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Looks like yesterday marked a relative low.  My gut is uncanny, if only I could find a way to actually trust it enough to trade.

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4 minutes ago, GregFokker said:

Looks like yesterday marked a relative low.  My gut is uncanny, if only I could find a way to actually trust it enough to trade.

We need to get a patent on your gut Greg and start a Stool hedge fund. 

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I can't even trade my own money without blowing it up.  Yes to the Stool fund though- Doc, whaddya say?

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THE GREAT INFLATION TRADE

The Fed has to go full inflation to save the Financial Industrial Complex.

Otherwise its straight debt default.

And they wont allow that.

There is simply too much debt in the system to ever repay in real terms.

Real assets yes financial assets no will be the mantra from now on.

Very 1970's.

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Back in 2001 or 2002 when we all first met, I did great with gold and silver, then spent years losing out on other real assets (commodities).  Energy stocks have been crushed, especially in Canada- presumably because ultra cheap money and capital had been fueling their rise.  I'm still sitting on substantial losses, like most Canadians, and really don't know what to do here.  It's easy to buy these stocks at these levels, which sets off a trader's alarm bell for me on its own..

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2 minutes ago, potatohead said:

This has been confirmed.

Image

For us dummies can you please explain this is small words? Why are refiners shutting down? Why aren't metals moving? Who are these market makers and what is EFP? Are CME futures way below OTC spot? I don't follow gold at all. Sorry to be such and idiot. 

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