crystal ball

Relax in southern comfort on the east bank of the Mississippi. You're just around the corner from Beale Street and Sun Records. Watch the ducks, throw back a few and tell us what's on your mind.
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JR.
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Re: crystal ball

Post by JR. » Mon Jul 27, 2020 10:29 am

mediatechnology wrote:
Sun Jul 26, 2020 12:17 pm
#11 JR's battle with squirrels is going to escalate in the coming weeks.
Still a month or more away, but yesterday a bird ate my first fig of the season despite bird netting. I ate the second one... good... I now have my dedicated squirrel cam monitor set up.
billshurv wrote:
Mon Jul 27, 2020 3:53 am
mediatechnology wrote:
Fri Jul 24, 2020 8:54 am
#6 Gold will break through it's all-time September 2011 high within the next 5 trading days...
You won that. For a bonus point, when will it crash?
Unclear when it will crash (if ever) but rapid acceleration could continue for several months going into the Nov election, as dollar weakens and all this stimulus spending finally creates some inflation.

I recently increased my existing Gold position, and put on a new Silver position. Silver is rising faster than gold at the moment but still below historical ratios. (I am already up 5% in silver I bought late last week, but volatile markets giveth and taketh away... My original gold position was down 20% for years, now up >10% including the new add).

Interest rates are so low that it is hard to find decent fixed income investments. My last CD expired a couple weeks ago. I thought 2.5% was puny when I bought it years ago, today I can't get anything close to that much.

I have started trimming common stock positions, I am too old now to ride out any major market reversals (Like if Joe Biden wins). Only equity I increased in my recent trading is Berkshire Hathaway, they are still the smarted investors in any room. The stock market is always irrational but now there is a new tail (dumb money) wagging the market dog. A new generation of young investors are getting sucked into a stock market that only appears to go up (from their brief experience investing). Free trading and partial share transactions sucks them in even deeper. A classic stock market truism is to watch out when cab drivers and shoe shine boys are giving out stock tips. These inexperienced investors were buying up Hertz after they declared bankruptcy. The bankruptcy court approved Hertz issuing new equity to suck up all the market "hot money" interest, but calmer minds at FTC denied approval for the sure loser stock issue. Danger Will Robinson.

JR
Don't only half-ass tune your drums. Visit https://circularscience.com to hear what properly "cleared" drums sound like.

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mediatechnology
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Location: Oak Cliff, Texas
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Re: crystal ball

Post by mediatechnology » Tue Jul 28, 2020 11:10 am

billshurv wrote:
Mon Jul 27, 2020 3:53 am
mediatechnology wrote:
Fri Jul 24, 2020 8:54 am
#6 Gold will break through it's all-time September 2011 high within the next 5 trading days...
You won that. For a bonus point, when will it crash?
When globalism is defeated.
https://ka-electronics.com

"States Ordered To Fraudulently Inflate COVID-19 Cases 15 Times Actual Rate"
https://banned.video/watch?id=5efab695672706002f367a0a
"Plandemic/Doctors In Black" https://proaudiodesignforum.com/content/Plandemic.mp4

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