Loading ...It’s All Playing Out
Over the last three or four months there have been two major themes that I have focused on in my posts. Other than the occasional, individual stock recomendations, and the comments on political and covid happenings, I have concentrated on the stock market and the precious metals market. My main themes have been that the stock market was a huge, over valued bubble (especially the FAANG stocks) and that gold and silver were(and still are) in a long term bull market, despite the year long correction. We are now at the crucial point where everyone else will soon recognize that the stock market bull ended about a month ago, in early November. Over the next few months and probably lasting two years or so, most global markets are about to experience severe declines from their grossly over valued levels. That includes global equities, debt, real estate and crypto currencies. Many of these are likely to go no bid, and why not. Who is actually going to keep paying up in the greater fool theory, when the prices of all these assets go on to make lower lows as time progresses? As this mean reversion finally plays out, where is all that capital going to flow to? The only place left that isn’t shrinking. Gold and Silver will be the beneficiaries as a panicked world, with most markets in free fall, looks to preserve what wealth they have left. At first it will be mostly about wealth preservation. Eventually, like the markets that have now reversed to the downside, it will be about chasing after what is going up. There is probably at least 6 months to a year of rising gold and silver prices before the momentum players are climbing all over one another to get on board. While there is absolutely no doubt stocks, especially the FAANGS, are now in the early throes of a bear market, the recognition that the bull market in Gold and Silver, is about to enter it’s next phase, will soon become just as apparent. (see companion piece posted yesterday)https://goldtadise.com/?p=519264
The coming collapse of fiat currencies favours your view. The premise of the Great Reset for sure. I tend to agree.
We will only know in hindsight if we are correct on the timing.
As the handle formed on Gold the past two years, I kept changing my targets. This last target was the recent wedge. We exploded to the upside but dropped to the resistance on the wedge.
This has increased the chances in my mind that we may have bottomed and are indeed going higher. I could be wrong.
Cautiously waiting for this to play out. Yes, I will miss some of the rise but I loaded up in March 2020 on Margin and sold luckily before the steady drop where we find ourselves today.
I’m comfortable.
I’m of the thought we will trade in a tight range for awhile.
because of the evil genius currently masterminding this incredible mindconrol CV 19 bullshit & orchestrating a collapse with the perfect scapegoats set up, you just have to know that any escape routes are going to be blocked for sure–ie gold and silver. Sorry, we will not be able to sidestep/profit/win financially. I truly believe that breaking away with like-minded folks in a community where we take care of each other and have our own food sources (think like the Amish) will be the only possible exit. That all being said of course I have a huge core of the PM’s but put very little faith in it. Ultimately, the god of this world is controlling this stinking festering corpse and his time is short.
Maybe this article I just read on ZH by Tom Luongo will provide some hope re: Gold for next year.https://www.zerohedge.com/geopolitical/davos-making-central-bank-case-gold
He’s a mean one that Mr. Grinch
I lived among the horse and buggy Mennonites (indistinguishable from the Amish) in rural Ontario. Very self-sufficient. Very hard life, long hours and in my view not much joy.
They all pull together and help all generations. Kept the elderly at home. To some it may appear to be a cult. It may be the future if they are allowed to continue. Barter was big in the community.
Value was in the land and it’s productive capacity to support the family. They have no love for Government or shots.
Even though the punishment of the unjabbed will be ramped up in the coming months, I do see the awakening of the “went along to get along” crowd. They will be our fighters as we all resist.
Ask an ex-smoker what they think of smoking now. Ask a disgruntled ex-jabbed person what they think of getting the booster.
I meet lots of strangers everyday. I have 10-15 min to relate how they will lose all autonomy if they continue down the jab train. They will have to meet every jab mandate in the future or lose freedom like I do. It hits home. I know that they are receptive or they would never ride the chairlift with a complete stranger. Every one so far has stated that they have no intention of getting a booster. A few would even quit their job if mandated again this next round. I direct the conversation away from adverse effects so as to not make them feel bad.
We need to recruit these people quickly before they get further into the brainwashing.
That’s good to hear. Yes, I see occasional signs of hope with various people I meet in public. Not all is lost.
In my profession: I recruit executives (VP’s and C-Suite) in the medical device industry (Not PHARMA, I have always avoided this space). A lot of VP’s of Regulatory and VP’s of Clinical Affairs-those who have to jump through all the FDA hoops and do years and years of testing, spending millions of dollars to get things properly approved and safe. In addition, many brilliant CEO’s and other functional VP’s with extensive educational credentials (PhDs, MD’s, MBAs and the like for premier institutions). I’m talking thousands of calls over the past 2 years since CV started. I’ve only met a few who are questioning the narrative. Everyone else is completely bought into the BS story. It’s pretty discouraging to say the least, and perhaps the reason for my extreme cynicism
I am sure you are correct about the majority of them, but I wouldn’t be surprised if a good number who might be less inclined to buy into the accepted covid narrative, are unlikely to reveal their true feelings(or at least doubts) to protect their employment status and livelihoods.
CM-very true, I need to remind myself they are viewing me as a hiring authority so to speak. they are protecting themselves from voicing their true thoughts to a recruiter
So true. It’s the ones with advanced degrees who don’t seem to question the narrative.
I’m dealing with everyday people usually under 40 who are willing to take time off to Ski or Board. Enjoy life.
All the trades who have worked in my house the past while did not take the shot. All hard working with trade school backgrounds. They may be naturally inquisitive.
Also none of them can afford to have adverse events and be off work. They don’t seem to be worried about the Flu or Covid. Trust in Government is low as well.
I will continue to engage theses people. We need to win. There are more out there than we know who don’t want anything to do with the Loyalty Rewards Card
I expect to be on the opposite side of both trades for awhile yet.
I would expect a normal bear market coming off of record high valuation levels. That means it will likely progress through the 3 phases of a bear market. Just like the gold stock bear market it will likely be 80% finished before the general investor even recognizes it is in a bear market. BTW that’s about where the gold bear market is today. Occasionally I see someone actually use the word bear market when discussing gold and silver stock prices. This hints we are near the end.