Very well written…and I agree with a lot of this…but the main point of disagreement is the metals…the reason the metals will run is because we are going to have a complete collapse of the global economy by end of 2028…and YCC will be in play much before that…so metals (and miners) get a bid simply from debasement….
@Xking332 Dude I don’t know what is your source of information but you are completely wrong. There is no such thing happening. The protests are by the usual bunch of disgruntled folks and there is no seriousness to it.
@TraderJonesy You are really good. I have been tracking many people and your posts are amongst the really good ones. You do have a good read of the market. Do don’t beat yourself up.
FWIW, I see a minimum 10 to 20% drop in the S&P in the next month or so.
Keep up the good work.
There seems to be an obsession with the re-opening of Hormuz…we are headed for a situation where it will not matter…because there will be nothing left to open for…
The silence / unease in the markets right now reminds me of the scene in Game of Thrones in the episode after Missande is killed by Cersei. And Danerys is left with only one dragon - but the most powerful of them all - Drogon. In the next episode the entire Lannister naval fleet led by Euron Greyjoy with all their ships mounted with dragon killing machines are scouring the empty sky and can’t see anything. But they know she and he are coming and there is massive unease in the soldiers. By the time they notice Danerys riding into the fleet straight from the sun it is too late…and then there are epic scenes of the entire Lannister naval fleet burning followed by the burning of Kingslanding itself…some really epic scenes…
The current market setup feels like that…something is about to break…
@TheApeOfGoldST Highly improbable…what is likely is oil going to the moon in Oct - crashing stocks, bonds, metals and all else…silver gets 50 handle, gold below 4k…the metals will decouple and start rising post mid Nov once there is a complete bust including oil itself…feel free to bookmark
@eliant_capital Yes resolution and a violent move…but opposite direction (violent move down)…and it’s almost here…SPX (and NDX) is unlikely to touch these levels ever again in the next few years…we are at the foothills of a secular long term bear market… feel free to bookmark….
@anasalhajji You have not allowed replying to your messages. So I did this a retweet and copying you. This entire picture changes end June / early July. Oil is moving much much higher. And this war is not over. Please mark 4th July and 3rd December as two critical dates.
@SCapStrategist Anas is wrong this time. Oil is going to start ascending rapidly end June / early July. It won’t even take 18 months as Larry says. The climb will be fast and furious.