Not to many buyers left now, then no more goin up. Sideways trading for a month or so, then a market disruption (which WILL happen, always does) that will cause free fall of developed world stocks so hard that stop losses won't kick in. Alternative investments that have been manipulated down will be the only place to make money. I am selling all US/Europe holdings and buying EMs, metals, bonds.
CBs and instutiionals are only buyers now (I know no individual investos going in now) and their wholly owned press won't be able to stop the fall from occurring.
What a great reason to buy Musk stock - prevent Global Warming! That is, in effect, excactly what this guy said when asked about his stock. People who understand the technology, like MIT Physicists, have indicated that Lithium battery technology is inherently dangerous. Thats good enough for me to stay away, product lawsuits and scared off consumers will seriously damage the company.
If only the Far Left is around to buy stock, what will keep the stock from sinking into a lithium firestorm?
I made $4K on SLV call options last month on a $1000 bet. I guess this makes me a fool in your book.
Yes, having non paper Gold or Silver may very well be the best bet for long term, but would not say that anyone that bets on this fact in a matter different than what you would do is foolish. Now, what IS foolish is betting on the bigger fool theory, which is going on as we speak re the DOW and S&P and developed world in general, which is against the wall. The game will last until inflation can no longer be exclusive of the cost of govt and real consumer prices properly weighted to what is actually spent by the masses. Then, game over and massive collapse.
The facts are thus ... you are stuck on the notion that stocks always go up, you are wrong, and that is historical fact. And, btw, there has NEVER been a time in US history where it is official govt policy to support stocks like we have since Obama was elected. Gold and SLV, on the other hand, as opposed to fiat US currency unsupported by real value and will soon collapse will be the only game in town - other than emerging and frontier markets - and I suggest you sell your developed world equities (that's US and European stocks for those in Loma Linda) and buy Gold and SLV while you can. They will be rocketing up before your stop losses kick in, along with EMs. Ka.... CHING.
Any selling below $21 will likely trigger buy signals due to oversold conditions. Be prepared to jump into this no-brainer.
Actually, this is the plan by central banks - remove all alternative investment options by forcing them down. However, reality is quite different and we are at the best of all possible buy times for precious metals, particularly silver. Selling triggers only work to a point where nobody has downside triggers, or adjusts them down so far as to make them unusable. Buy triggers are now going to be in play, reversing course because the developed world is bankrupt and they can no longer print money or tax the people to pay for it - the wall has been hit.
Sentiment: Strong Buy