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  1. #31
    Registered User Jtbny's Avatar
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    Originally Posted by NorwichGrad View Post
    Agreed.

    The federal reserve has achieved the goal it set in 1913, which is to become the lender and borrower of last resort. The fiat they print out of thin air mean nothing. They use the dollar to simply steal wealth from the what's left of the decimated middle class by buying HARD ASSETS.

    You're a day trader. THE STOCK MARKET WILL CONTINUE TO GO UP VENEZUELA AND ZIMBABWE STYLE, while Americans will continue to lose jobs and lose their homes. We will see record bankruptcies and foreclosures.

    Capitalize by playing their game. But eventually the house of card will come down. So you just have to realize your gains before this happens.
    I mainly trade options. Yes, the banks had record quarters as the world burned. The fed has been doing their repo program and dumping money into the system.Technicals are out the window at this point and its just about not fighting the fed pump.

    The entire system is broken. They continue to blow air into an already over inflated balloon. I'm normally not too pessimistic but the free market is no longer free and I just don't see how it can be fixed. The shti of it is the middle class will bear the brunt of the entire collapse while the corps will reap the rewards by bonuses paid by the tax payer bailouts (Airlines, Defense).

    Trump is a complete moron. He campaigned on how the numbers were fake (true) and the day he took office they magically were correct. He wants negative interest rates and only gives a shti about the stock market. Our debt has exploded but fuk the debt right now. We will clutch our pearls when the left takes office.
    Last edited by Jtbny; 07-17-2020 at 11:59 AM.
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  2. #32
    banned NorwichGrad's Avatar
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    Originally Posted by Jtbny View Post
    I mainly trade options. Yes, the banks had record quarters as the world burned. The fed has been doing their repo program and dumping money into the system.Technicals are out the window at this point and its just about not fighting the fed pump.

    The entire system is broken. They continue to blow air into an already over inflated balloon. I'm normally not too pessimistic but the free market is no longer free and I just don't see how it can be fixed. The shti of it is the middle class will bear the brunt of the entire collapse while the corps will reap the rewards by bonuses paid by the tax payer bailouts (Airlines, Defense).

    Trump is a complete moron. He campaigned on how the numbers were fake (true) and the day he took office they magically were correct. He wants negative interest rates and only gives a shti about the stock market. Our debt has exploded but fuk the debt right now. We will clutch our pearls when the left takes office.
    BINGO!!

    Now you sound like me.

    Look into precious metals. When I started preaching 'stack the shiny', silver was $14 an ounce and gold was below $1300 an ounce. Now silver is approaching $20 an ounce and gold $1900 an ounce.

    Here:

    www.usdebtclock.org

    It's my quick go-to reference.

    There is reason why banks have been suppressing the price of gold and silver for decades. It's because they are money and they want the dollar to be the dominant currency.

    Look at the M2 money supply. If there were a true price discovery mechanism, which we don't as you already know, silver should be over $3000 and gold should be over $31,000 an ounce, based on M2.

    And I'm not talking about paper gold and silver. I am talking physical gold and silver.

    But since you are already familiar with trading, you should also consider mining stocks. Historically, when physical gold and silver go up, mining stocks go up TIMES FOUR.
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  3. #33
    Registered User Jtbny's Avatar
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    Originally Posted by NorwichGrad View Post
    BINGO!!

    Now you sound like me.

    Look into precious metals. When I started preaching 'stack the shiny', silver was $14 an ounce and gold was below $1300 an ounce. Now silver is approaching $20 an ounce and gold $1900 an ounce.

    Here:

    www.usdebtclock.org

    It's my quick go-to reference.

    There is reason why banks have been suppressing the price of gold and silver for decades. It's because they are money and they want the dollar to be the dominant currency.

    Look at the M2 money supply. If there were a true price discovery mechanism, which we don't as you already know, silver should be over $3000 and gold should be over $31,000 an ounce, based on M2.

    And I'm not talking about paper gold and silver. I am talking physical gold and silver.

    But since you are already familiar with trading, you should also consider mining stocks. Historically, when physical gold and silver go up, mining stocks go up TIMES FOUR.
    I've looked into both. I'm already doing what you said and riding the wave by playing their game. I have been caught in some black swan days but I've managed to eek out steady profits even now. Its all uneasy though as I know the bottom will fall out. My guess is Oct depending on the polls and if Trump loses we are in for a rollercoster on the market. I plan on being all cash by end of Sept.

    But until then, the fed will continue to buy treasuries (another 20 billion this week alone) and spend about 3 trillion since Feb by Nov. The market will continue to offer good opportunities while that continues. We all should be pissed off about 3 trillion being dumped into corps while they argue over another stimulus to help the actual people. Everyday I hate the system even more as I see constant corruption and manipulation happening in plain sight. Wont even talk about the bio stocks that the admin keeps pumping and dumping.

    You're right, I'm sounding like you :P
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