Financial topics

[vincecate]

Stagflation hit has already announced itself.

I have been expecting it but I missed the announcement. Where was it?

[FullMoon]

https://youtu.be/QRRwBqwKWz4?t=3142

https://youtu.be/QRRwBqwKWz4?t=3670

Excellent suggestions. Thanks!

[aeden]

We got past the 15th window.
Now we wait for the rules to apply.

Few overcome the initial damage.
Gattos rules of constant duress.
Lesson 1 (Confusion)
Lesson 2 (Class position)
Lesson 3 (Indifference)
Lesson 4 (Emotional dependency)
Lesson 5 (Intellectual dependency)
Lesson 6 (Provisional self-esteem)
Lesson 7 (You can’t hide)

7-Year implementation cycles that crush the uninformed.
1. unbridled enthusiasm
2. mass confusion
3. sudden disillusionment
4. search for the guilty
5. punish the innocent
6. rewarding of the non-participants.
7. See step one

[aeden]

Where was it?
Fett buys dead relic.
Fett bashes gold says the magical metal was no match. Feb, 23, 2019
Fett tell the 1000 yard stare cult in 2012 annual meeting that he would bet his life against the precious.
Fett can't imagine a worse crowd to deal with than the precious.
Dunning Kruger never fails.

[Higgenbotham]

Where was it?
Fett buys dead relic.
Fett bashes gold says the magical metal was no match. Feb, 23, 2019
Fett tell the 1000 yard stare cult in 2012 annual meeting that he would bet his life against the precious.
Fett can't imagine a worse crowd to deal with than the precious.
Dunning Kruger never fails.

Richard Russell on the Markets
November 26, 2002
Richard Russell

The most interesting area, for me, is gold. I don't know exactly what the Fed's real attitude towards gold is, but I would guess that they'd like to see gold hold around 320. They wouldn't want the price of gold to decline substantially, since that would be an indication of the dreaded deflation. And they probably don't want gold to head skyward, because in that event even the Wall Street Journal would understand that surging gold would be a tell-tale sign of inflation. So my guess is that the Fed would like gold to sit right here in the $320 area.

This is why I have labeled the present period the initial phase or "the accumulation phase" of the gold bull market. It's the phase where knowledgeable investors are accumulating gold and gold shares and where the public and the majority of funds continue to ignore gold and gold shares.

The little-noticed, little-understood bull market
Richard Russell
Dow Theory Letters
Nov 8, 2005

Extracted from the November 7, 2005 edition of Richard's Remarks

Gold -- What's that they say? Oh, I remember -- "a picture is worth a thousand words." Well, a chart is just a picture. But unfortunately, most people deal with what I call micro-charts, charts that only cover a few months usually on a daily basis. Sometime a BIG chart on a monthly basis brings out the real story. I think the chart below is this kind of chart.

Here we see a profile of one of the big stories of this century. It's the little-noticed, little-understood bull market in gold. Yet, as I see it, gold is in the early part of the second phase of its bull market. This is the phase where the institutions and the more sophisticated public begin to nibble at the item. But as usual, most of the attention is centered on the daily action of gold, the little wiggles, the position of the Commercials, the 50-day moving average, the current sentiment, the talk, the rumors, the endless BS about gold.

Below we see the big picture, the month by month massive advance in the metal, the accumulation on each decline. My advice all along has been to accumulate gold, continue to buy the dips and the corrections. When you buy gold you are "collecting" an item that has been accepted as wealth for 5,000 years. The danger in holding gold -- it may go down in terms of paper, for a while. The plus in holding gold -- it will be wealth in the face of any and all emergencies and disasters.

The late great Richard Russell.

[aeden]

I just interviewed a qualified job applicant.
I was excited until I went to their social media where they had a photo of their hero,
AOC, and I resumed my search.

https://www.zerohedge.com/political/mas ... oth-coasts

[Higgenbotham]

I haven't traded silver since the March low but I took a crack at it Friday for the first time in 5 months. Here's a snip from my daily statement. I would never go short and hold based on the above expectation of a 1/3 drop but when there's a lot of bullishness followed by turbulence in a market it can often result in profitable trading.

With silver back up to $28 tonight, some may wonder if I've had my head handed to me today shorting silver, since I said I expected silver to drop about 1/3 from the high around $30. These are my results from today. Probably I will stay away for awhile. I'm not seeing anything in silver right now that matches my skill set. Generally, I like to trade markets where there's been a beehive smash and they're flopping all over the place.

[Higgenbotham]

With the S&P futures hitting a new multi-month high over the past few days and again tonight, and being near a record high, the emphasis for me over the past few days has been to push money into my account any way possible so that I can hold onto my short S&P position without adding any more money to my account.

In the big picture, this is really the account of a speculator who is short the S&P from lower levels in a massive record breaking rally, taking losses and showing how he has been able to find ways to hang on.

It's not about prospering. Not yet anyway.

[aeden]

We are basically out of metals into the aug15
We are not that far apart on mapping
Who cares right now.

The market is like this article.
https://www.military.com/daily-news/201 ... attle.html
Training.

08/17/20 Transfer FPL COLLATERAL RECEIVED sweep 3,768.00
08/17/20 Sold 493.00
08/17/20 Bought -492.38 < silver short position scalar trade
08/17/20 Sold 334.84
08/17/20 Sold 1,817.86
08/17/20 Sold 244.32
08/17/20 Sold 1,340.43
08/17/20 Sold 1,676.58
08/17/20 Sold 1,004.52
08/17/20 Sold 670.88

They hit my swap account more than usual to use my sweep collateral.

I think we may slip out of august intact pretty much.
People are leaving the bob bish zones to contemplate the seal sent from the owner of the Garden.
We are watching our people close in health and spirit. Thankful the even the smallest moments.

On a side note my wife thinks our Governor is processed tonight.
Only one other time in 41 years has she levied that on a person.
I reminded her the signs and season of the fig tree are clear.
Draw what you need from the true root of the olive tree.

[Higgenbotham]

If the stock index futures have reversed tonight, I'm prepared with a plan to add positions as levels break to the downside. As that occurs, my focus will shift back to the S&P futures.