Joshua Book

Civil engineer/entrepreneur. Into markets, technical analysis, golf, watches, fishing & guitar

[Jordan Roy-Byrne CMT, MFTA ⛏⛏ @TheDailyGold]

Yield curve control is coming.

This is one of two root drivers for the secular bull market in precious metals.

As Jeff Gundlach and Felix Zulauf argue, the fiscal math and rising interest expense virtually guarantee a long-term period of negative real yields. Long rates must remain below inflation to keep the system from breaking.

The second root driver hasn't even manifested yet. When the secular bull market in stocks ends, investors will reallocate out of financial assets and into hard assets. Recall 1968-1982 and 2000-2011.

The secular bull market is in its infancy as neither driver has transpired yet.

[Steve Deppe, CMT @SJD10304]

$GOLD loses -10% in a month?

Since 1970, T+2's higher 13 of 14 for average returns of more than 7%. Lone loser a mild bruise.

[Joshua Book @PEundertaker]

I am actively and knowingly practicing confirmation bias lol

[Linda Raschke @LindaRaschke]

Moore Research Center chart for long seasonal in Gold that will kick in next week. This window has been profitable 12 of the last 15 years. Lower confidence factor but a bone for the perpetual Gold Bugs. l

[*Walter Bloomberg @DeItaone]

FED'S WARSH: INFLATION RISKS HAVE COME DOWN

[Joseph LaMagna @JosephLaMagna]

Well said, Jordan.

The way betting is shoved down sports fans’ throats needs to be scrutinized.

[Bob Elliott @BobEUnlimited]

Just a quick reminder that analysts *already* expect the next 5 years of earnings growth to be the most extraordinary in history. And just how implausible the macro reality has to be to get there. h/t @thedailyshot & @Callum_Thomas
https://t.co/cpwZVvbFE2

[Joshua Book @PEundertaker]

@uncledoomer He’s right you know

[Joshua Book @PEundertaker]

@dailydirtnap Makes you wonder. People are obviously starving for someone who doesn’t perform solely for their party. Fetterman might be the only Democrat who gets it. Trump was a good example of that when he was running.

[Joshua Book @PEundertaker]

@sam_golf Momentum. When it gets going, shit happens. Whether it lasts is a different story

[Joshua Book @PEundertaker]

@Top100Rick @MIZManiac The flaw here is his reasoning only works in hindsight. It’s like bottom of the ninth, full count and blaming the pitcher for throwing a strike bc the guy hit a home run. It’s dumb, all there is to it.

[Joshua Book @PEundertaker]

@Top100Rick There is no point lol.

The odds of them making a 5’ putt are much better than any putt outside of that. Period. Regardless of the outside pressures or who putts first. Saying he lost it when he hit it to 5’ because he couldn’t putt first is just ridiculous and you know it.

[Joshua Book @PEundertaker]

@Top100Rick Gtfoh it was a 5 foot putt. Jesus Christ. He missed it, that’s all. He’d hit it 5’ again if he had the chance.

[Joshua Book @PEundertaker]

@lexmoran77 Reminds me of Rory

[Linda Raschke @LindaRaschke]

Gold: three bar balance after climax bar at end of downswing. 30 minute shows triangle followed by 2 higher lows; aggressive traders anticipate trend reversal. This will be confirmed when it takes out the high of the a b c up!

[Joshua Book @PEundertaker]

@SageScrolll Normally he says pretty rational things… this is the dumbest shit I’ve ever heard him say. They won’t touch that with a stick

[Joshua Book @PEundertaker]

@calvinfroedge I think you’re a smart guy and you’re right quite often, but have you noticed that virtually every view you take is a radical one?

[The Long View @HayekAndKeynes]

This long term yen chart is m one that makes me think we could still see some huge macro moves

[Jim Osman @EdgeCGroup]

Liquidated my $NKE position, an 11% loss. Better places to put capital.