Loading ...So I’m considering selling to take a little profit this morning and buying some put protection. I hate to do it too early but I think there’s a good chance that they’ll try to shit can us here really soon. Let’s also not forget that back in 2008 they hacked us for 30% in Gold. 1000 and it dropped to $700, so we could easily get flushed to $1200 in a heartbeat. I think I’m going to sell a little WPM and buy GDX puts. Usually, I lose money in options, so I hate them but I sure could use a cool $30K in my accounts if I lighten up by a measly $1K. Tell me why it’s different this time? My reasoning is simply based on that Bank of America article and $3K gold prediction. I think it’s a hedge fund penned article masquerading as Bank of America. The idiots at BOA are really dumb morons and Gold is MOST certainly not their expertise so why should they be weighing in on things they have no clue about. They certainly don’t hire the smartest minds in the industry, it’s really just a boiler room of con men, so beware of articles like this. They’re likely trying to suck a bunch of bugs in and they already have their short positions in place with other con men in big banks and world banks and they all will try to pounce us. The dollar could rip upwards for the next few months trashing the hell out of us. Why? Because east is west, north is south and they are trying to create smoke screens. You know criminals work in gangs. BOA thugs are straight-up criminals.
Armstrong–4–23-Bill de Blasio who created a snitch line for people to report on each other as in East Germany Stasi days
Looking at these markets we clearly get a sense that we have a recessionary trend into 2022 and there is no way the economy is going to be back to normal. We have probably the worst crop of politicians ever to have taken office like New York’s Mayor — for not keep his social distancing rule. It is people like him who have no sense of history and failed to comprehend that turning people against one another will not end with this lockdown. The changes they have inflicted upon the people have undermined the critical cohesion necessary to form a civilization.
The retail sector was showing this trend was underway. Using this virus has escalated the cycle and instead of flattening the curve, it has extended it profoundly creating damage that will not be overcome in the blink of an eye.
We should expect the retail trade, restaurants, movies, and shopping malls to have suffered very serious economic blows to the point the scare tactics of the press will result in people reluctant to socialize once again as they use to.
I can confirm that there is talk to allow states to declare bankruptcy to escape pensions and debts. This will become a major issue as we move forward.
I maintain that this is either a deliberate attempt to destroy the economy so the Climate Change contingent can rebuild the economy in their own vision as was alleged with Nero creating the Great Fire of Rome so he could build his palace, or this is an example of the most inept stupidity in all of human history.
Looks like some follow thru
Silver taking the lead?
Gotta love that if it holds up.
I see the thieves split their JNUG and NUGT in the hopes of keeping the retail buyers out.
Hopefully the retailers will spend their hard earned cash on some of the still cheap juniors that the momentum players will eventually take to insane levels.
