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So Hard to Process 1/8/20

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Metals are telling us shit is about to hit the fan with yields rising.

*CLARIDA: NOT CONCERNED BY 10-YEAR YIELDS A TOUCH ABOVE 1%

*CLARIDA: RATES AT THESE LEVELS ARE NOT A CONCERN FOR ME

*CLARIDA: HAVE TO TAKE INTO ACCOUNT WHY YIELDS ARE RISING

*CLARIDA: NO CURRENT NEED TO ADJUST MATURITIES OF BOND BUYING

 

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I don't think that the price of anything has predictive value. What does FTFT going from 0.92 to 9.20 in 36 hours predict? 😄

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58 minutes ago, Jimi said:

:unsure2:

Gold & silver... someone big in trouble with a margin call?

More likely to avoid one a sell off was arranged.  Most other commodities are soaring. Beans above $13 and corn above $5.

40% of farm income in 20 was government payments.  Luckily 90% of farmers vote against socialism

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1 hour ago, Jimi said:

:unsure2:

Gold & silver... someone big in trouble with a margin call?

The financial system is about to collapse. One of the signs to look for is the liquidation of the paper markets of the physical metals.  

 

 

 

Potato head - How is the man for the physical?

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42 minutes ago, sandy beach said:

*BIDEN: STIMULUS PACKAGE TO BE IN TRILLIONS OF DOLLARS *BIDEN: WILL LAY OUT STIMULUS PACKAGE DETAILS NEXT THURSDAY *BIDEN SAYS HIS STIMULUS PACKAGE PRICE TAG WILL BE `HIGH' 10-year yields headed back toward session highs

Read on Tweetlandia that Dow Theory had new highs on both industrials & transports today.

We go higher, I guess.

It's like a new dawn.  An MMT dawn. A dawn like none before. 

“Oh, to be alive in such an age, when miracles are everywhere, and every inch of common air throbs a tremendous prophecy, of greater marvels yet to be.”

 

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14 minutes ago, Jimi said:

Read on Tweetlandia that Dow Theory had new highs on both industrials & transports today.

We go higher, I guess.

It's like a new dawn.  An MMT dawn. A dawn like none before. 

“Oh, to be alive in such an age, when miracles are everywhere, and every inch of common air throbs a tremendous prophecy, of greater marvels yet to be.”

 

The Dow Theory is not a technical indicator. That was a subsequent bastardization of its original intent to be an economic indicator. A Dow Theory confirmation implies nothing about the market's future.  For that, we need to do actual TA. 

The market is going higher. 

😄

From Zadar, Croatia, have a half decent weekend if you can. 

Good night, and good luck. 

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THE BIG TRANSFER

in 2008 it was the big short.

Those who shorted housing made out like bandits when it all collapsed in 2008.

Now its THE BIG TRANSFER

Those who have debt are going to make out like bandits

Those long housing (with a large mortgage) will make money.

Those long and hard asset purchased with borrowed money arew going to win.

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