Silicon Valley Bank (SVB) collapsed after experiencing an old-fashioned bank run. It started Wednesday when the bank tried to raise $2.25 billion in equity to shore up its balance sheet. Customers panicked and withdrew a staggering $42 billion – making them insolvent. The FDIC took over operations Friday, and SVB became the second-largest […]
Continue Reading →At the beginning of the year, I like to review my 10-year strategy. I believe the 2020s will be great for commodities and not so good for the stock market. Best Performing Assets Each decade has its investment theme and a best-performing asset. The asset that did best in the last […]
Continue Reading →Tesla Price on the Verge of Collapse? The price chart of Tesla is on the edge of a cliff. Twitter haters may use TSLA shares as a bearish Proxy since they can no longer short the stock. Breaking below the 2021 lows could trigger a cascading decline. Tesla Price Chart Below is the […]
Continue Reading →Today is election day in the US, so it’s best to take daily fluctuations with a pinch of skepticism. Nevertheless, if today’s upside follow-through holds, I’d consider it very bullish for precious metals. -GDX- Gold miners are breaking out above the short-term trendline over significant dollar weakness. As I write, gold futures are […]
Continue Reading →With gold futures slipping to $1725, it’s time to revisit the cycle count and potential scenarios for September. GOLD CYCLE: Gold has been forming cycle lows every 40 to 44-trading days (blue arrows). What do all these lows have in common? Fed rate hikes. The next low should arrive around September 14 […]
Continue Reading →One of the benefits of being in the markets as long as I have is the feeling of familiarity during various cycle phases. The current rout in precious metals has been swift, deep, and relentless. The last time I felt this was in 2018 when prices continued persistently lower despite steller fundamentals and deeply […]
Continue Reading →-DOW- With Tesla finally cracking, I think we could now see an extremely sharp selloff. How prices close today could paint a picture for next week. Note- Metals and miners could get dragged lower with the markets. I would view that as temporary and a long-term buying opportunity.
Continue Reading →The Federal Reserve hiked rates 50 basis points on Wednesday, raising the Fed funds to 0.75% and 1.00%. Powell took the potential for a 0.75% hike off the table and implied back-to-back 0.50% hikes in June and July. Markets reacted higher initially but rolled over quickly on Thursday and into Friday. There is a […]
Continue Reading →Market Update – Shouldn’t Global Stock Markets Be Crashing? The move into risk assets over the last few weeks has been surprising. We were due for an oversold bounce in stocks and bitcoin, but this seems excessive. Are we about to see a rug pull? Why is gold down while stocks are rallying? […]
Continue Reading →Sometimes, I fear my obsession with Tesla prices collapsing borders on the unhealthy side. I’ve gotten to the point where I’m timing the rebounds of Amazon post the 1999 tech bubble. POST TECH BUBBLE AMAZON COLLAPSE: In the first quarter of 2000, Amazon shares declined into late January, bounced into early February, […]
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