Loading ...What we could see going forward with the debt they have acquired is a inflationary to deflationary vortex. So you can see how some might see that as a depression ahead.
As far as trading the market thats people’s option keeping them away from margins. Actually that’s good if they’re institutional buying in ETFs because hopefully it will cause legal accountability to think about. Like Madoff Ponzi schemed people with a lot money and didn’t end up too good for him.
People already know about the other thing but the gold stocks just got slaughtered and I’m sure insider selling while their at it. Where a lot of company’s are cutting back on expenses and trying to survive. Others the smaller ones first getting wiped out with the energy costs.
Unless it’s coordinated, I can’t see the market selling off big before elections, less coordinated meaning a F you message to Biden like OPEC gave them. It’s volatile so have to watch closely.
One thing I noticed on all these shorts I checked is they all have a multi month reverse head and shoulders pattern.
Ps since I have a weekend minute 🙂
What’s strange about these shorts with beautiful reverse heard and shoulders pattern, instead of a golden cross they have the opposite. Only positive note would be by the time the MAs moved to a gold cross significant gains were already made…or that’s not it.