Markets were up big this morning, now look at them. “The Fly” kicked out of his ROKU and made 2.5% overnight, an annualized return of 616%. See pal, that’s who I am…
Moving on, I added another silver miner to my repertoire. Fact of the matter is, and this goes without saying, RATES ARE COLLAPSING, now off by 6bps to 1.48%. If you’re not heavily long gold — you don’t know what you’re doing. You have no right managing money and should be killed.
I’m 30% gold miners and 15% defensive stocks.
Why?
Because as rates drop, fuckers are looking for yield. You’d be wise to get long some old man stocks, and possibly some utilities — for the sake of maintaining your coin and sanity.
Note the langauge: “China did not and will not surrender.” It’s all about pride between two giant egos, no longer about economics.
Anyway, still see long-term risks in gold (vs 30y ust) in a low inflation environement. Despite the near-record low rates, I bought some bonds early Friday, at a higher price than I had sold them a few weeks ago. Looks like rates are sticky. Also, I’m still sticking to my theory that rates won’t bottom prior to a recession, but realized that another golden oppertunity to buy bonds at 2.5% or higher may not surface.
Gold is reflecting loss of faith in central banks and governments.
Broken Arrow? I agree. The General Order for all corporations to pull out of China has been issued (I mean tweeted). Does anyone really think that the order will be reversed? Is a reversal even possible once the exit is underway?