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Not long enough, so maybe still some up rooms.jademann wrote:I sense a change in the wind. Bulls had it their way so long they think they can never lose.
Cool video and good summary. I would feel nervous betting against the entire TBTF bank complex, even if the premise and logic of the bet is correct. But knowing that JPM, the OG bank that is pretty much at the center of the financial system, is on the long side, brings me great comfort. Jamie Dimon also recently said, I believe in January 2020, that bonds are the only bubble he sees, which pretty much confirms their position on this. The game used to be to suppress the metals to keep paper assets such as bonds and stocks propped up. This was publicly outlined in a paper by Larry Summers. Now the name of the game is to create inflation at any cost. A booming silver market will surely signal inflation to the world, which in turn will create even more inflation.Al_Dente wrote:There is a huge shortage of silver, according to “everybody”
Reportedly, over 50% of the short interest in silver is held by 8 major banks
THE REALLY BIG NEWS of the last week is the change in the prospectuses for SLV and SIVR
https://www.bullionstar.com/blogs/ronan ... rge-banks/
Interview on commodities, especially silver. It’s 29 min long but worth every minute:
https://www.youtube.com/watch?v=wtxr_yXDXTo
All valid points, bulls seem to show and buy all dips, and the long term bearish divergences in breadth, Nymo, McClellans have not been rewarding to bears....TumblingDice wrote:One thing I noticed about any large previous drawdown is that any pullback of actual size was always preceded by a divergence in a number of different market leaders:
None of these market leaders are showing any sort of indication of weakness, at all. In fact, the outperformance of IWM to both SPY and QQQ is a huge indicator that this is usually the start of a new bull.
If it seems ridiculous and engineered, it is because it is. But the rube goldberg machine of finance doesn't care whether it is fake or not, they care about the numbers, the leading indicators, the M2 supply, the models. And all the models are pointing to continuation. VIX can continue to be milked dry until it gets down to 10. The fact that this is so obviously a bubble allows the bubble to continue, because it will always garner bets against it, with the retail calls in UVXY as a prime exhibit.
Biggest opportunities to me, right now are silver, XLE, SMH and meme stocks.
There is inevitably going to be a reckoning, but unless it comes in the form of a sudden black swan, it is not going to be here any time soon. Even the virus crash saw canaries in the coal mine going silent. Right now, they are chirping full blast.