Joshua Thompson

someone at the banks got scared and had to dump paper contracts this morning. can't have metals outperforming NDX!

  Why would gold decline in a recession?      It might in deflation, but a recession now means inflation.  Why would gold decline in a recession?      It might in deflation, but a recession now means inflation.

futures price is literally not paper gold lol.    Maybe GLD has been rehypothecated, but futures implies delivery.

From all time highs and world record valuations?  Have you never heard of sell the news?

the cure for high prices is high prices. if you plan on selling stock or real estate, be first, not last.

What makes you think APPL is a good investment at $3.36T market cap and PE ratio of 33. That's a bubble valuation. Even Berkshire is a seller at these prices, and that's very rare.

Gold isn't an investment anymore, it's just taking your money out of the casino before you lose it all.  All SM longs are suffering from recency bias, gamblers fallacy and delusional optimism.  A great strategy until it isn't.

I was being facetious. Just check out the trends in housing, employment, earnings growth rates, interest expenses, business delinquencies, bankruptcies... When the crowd tries to get out, they'll be selling a herd of elephants through a paper straw.

I'm already short. just look at the trends in housing, employment, earnings growth rates, interest expenses, business delinquencies, bankruptcies... When the crowd tries to get out, they'll be selling a herd of elephants through a paper straw.

what is the Fed so afraid of it's cutting rates with stocks at all time highs?

The USD is crashing. Against gold, commodities, and prices of all things.    It's only hidden by the crashing of all other fiat currencies, something the average person is clueless about.

if NDX sinks here, silver could catch a bid I think.

yes. watch out for a flash selloff following some geopolitics event

Nvda is 3x the market cap of all of Saudi Arabian lol wut are you smokin

The 20ema on hourly seems to be resistance enough today, but I still expect a bounce to hit the daily this or next week.

Once a bear trend is initiated, consider using the 20ema to fade it.  You may get a better entry.

threat to the republic? Cheney mispronounced threat to "his war stock portfolio"

smells like dead cats around here. gross

if it does, watch out below! and why use the ppt this close to all time highs. momentum is down.

doesn't matter. momentum turned down. the trend of the jobs data is what matters, and it's down. with momentum down, price will decline and people will come up with a way to blame it on a singular news item.

I'm thinking 72 target, and start taking profits below 80 for a bounce. or when NQs dip under 17k.

Let's go. We've got gaps to fill down at 11k lol

more like 2000

just the London fix smash. might actually recover today. that would kick them in the face

danger will robinson