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potatohead

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Everything posted by potatohead

  1. Articles like these make me sick....Black Rock was pumping gold a year ago. sell gold and buy stocks? really at these levels? gold and silver relative to the S&P500 is very cheap. Can get cheaper but not nearly as cheap as buying stocks at alltime highs. https://finance.yahoo.com/news/blackrock-fund-manager-cut-almost-163756248.html?guccounter=1&guce_referrer=aHR0cHM6Ly9jaXRpemVuZnJlZXByZXNzLmNvbS8&guce_referrer_sig=AQAAAEGfs1RP7xGKG4no0hQY_b-89Os72WavLkXiCVp2EicFSNu5CqroaEDIAMI3mKVQ5T8jR6qENgHByavBc2lfzjz66DmetCk8fCjjy5qT5q5cODPT_4_yrMVkPtsBX5huEChzQNMtXHqV2SS22HjJQKr1xih2O8QvKC9-KsweI_vx
  2. sounds like Riga, Lativa is beautiful and vibrant this time of year..... https://english.alarabiya.net/News/world/2021/09/13/Latvian-ministry-issues-apology-over-military-drill-after-social-media-backlash Military exercises in the center of Riga, Latvia, no warning given. https://twitter.com/IrakiW/status/1437372248977981442
  3. What is even more scary is the Fintwit experts who have 10's of thousands of followers, and many of these guys just regurgitate each other's opinion as expert analysis.
  4. US TREASURY GENERAL ACCOUNT $356B AUG 31 VS $263B PRIOR DAY was this tax receipts?
  5. Think of it as the gillette razors business model......we gave them the handle....now they have to buy the parts from us...
  6. Are you asking about a return "on" your money or a return "of" your money.......I think the latter is more important concept at this point in the bubble.
  7. BULLARD SAYS PURCHASES DON'T HAVE MUCH VALUE RIGHT NOW Primary dealers think otherwise.....
  8. "Funny thing is that economists have no idea wtf I'm talking about." Then you have the FinTwit stars that are constantly interviewed on the subscription circuit and are looked at as Fed gods. Many have no clue how the system works and even believe the regulatory frame work as well as loan creation is what drives inflation and the stock market. Many of these Fintwit stars actually believe in deflation while at the same time the Fed's balance goes up a 100 billion a month.....Crypto is looked at as gold and actual gold is looked at as a pet rock. WTF? The whole thing is insane.
  9. Price does not matter. The key take away is the network effect these tech giants gravitate towards. The question is, will others follow as deleveraging in the metals space continues. Meaning physical is being demanded as leveraged instruments are in decline. This spells opportunity longer term.
  10. stopped trading miners years ago. That is a pure timing game. The fund I manage is 99% physical held outside the financial system. The whole thing is a confidence game. No one knows when the music stops. One can only prepare. At some point the metals go not sure about the miners. Some lost their shirt in the last run 10 years ago due to hedging.
  11. https://www.barrons.com/articles/palantir-spac-investment-gold-bars-51629150154 https://www.metalsmine.com/news/1101658-palantir-buys-507m-in-gold-bars-accepts-payment
  12. Appreciate the charts. I look at this from the physical world. The metals market has been deleveraging for over a year. Banks have been getting out of the bullion business. The physical world has the opportunity to greater influence price discovery. The big price declines have been a deleveraging event in the paper markets versus the physical market. Central Banks have started to buy physical , along with new players such as Palantir, etc. long specs are at their lowest levels back to March 2020.
  13. Appreciate the charts. I look at this from the physical world. The metals market has been deleveraging for over a year. Banks have been getting out of the bullion business. The physical world has the opportunity to greater influence price discovery. The big price declines have been a deleveraging event in the paper markets versus the physical market. Central Banks have started to buy physical , along with new players such as Palantir, etc. long specs are at their lowest levels back to March 2020.
  14. Appreciate it. That is the consensus I am hearing from both sides (conservative or liberal) Humanity is suffering at the hands of money printing and excess greed. Most of the older generation saw this coming like a freight train, having lived through Vietnam. History rhymes. Can only imagine what happens when this money printing gravy train stops. Would be utter chaos.
  15. Lee, curious what Europeans have been saying about Afghanistan and US policy there. The Biden press conference and media want to blame Afghanistan, their people and the government.
  16. "After 40 years of that asshattery, wild unfettered capitalism came down on that grid like a fast spreading, uncontrolled sexually transmitted disease. It turned Warsaw into a boomtown that looks more like Miami Beach without the palm trees and ocean, than an old European city. " Zillow or realtor.com should be paying you to write up high end real estate listings. 😄
  17. Lee, great report today.....Just saw this. FED'S DALY SAYS DELTA VARIANT IS STARTING TO TEMPER ACTIVITY ACROSS THE COUNTRY Already setting in place the excuse for what you are already seeing.
  18. Fed's BULLARD: FEELS FED SHOULD TAPER ASSET PURCHASES THIS FALL AND GO "FAIRLY RAPIDLY," FINANCIAL MARKETS ARE WELL PREPARED FOR IT Not sure about the market, but I am sure Lee's subscribers will be prepared.....😉
  19. great interview. Just gave a shout out on twitter.
  20. one of the few thing's a bear does get to enjoy......
  21. this is getting real scary....this website should have 3 pages of bearish commentary so far today.....
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