Yeah, because they have been selling bonds to buy stocks. Healthy and natural. Risk off to risk on. Gold and bonds have been selling off. Gold gets hit too the higher rates go because the higher rates go the more inflation they fight. Inflation goes down the higher rates go and therefore lower demand for gold.
Mixed bag today. If the XLF and IYT start to play catch up to the SMH and IWM then the sh*t is really going to hit the fan as value stocks right now are the only stocks keeping this market from being down 1,000 points.
Yeah i worked at the food bank. Saw people in excursions and chargers smoking ciggerettes.... they got money for expensive vehicles and ciggerettes but not food.....😊 living way beyond their means while im driving a 12 year old cheap car and gave up bad habbits. We have enabeled bad behaviours
Market fails at making new highs. SEC Chair to resign. MSCI being delisted. NVDIA reporting next week. CC debt at record levels. 10 yr rising. What could go wrong.
Hey Mike, curious your thoughts on the gold/silver ratio. I follow Mike Maloney closely (and have for years), and he says he will only buy silver as long as the ratio is >1/40. It seems like silver has the greater potential, but gold is the safer bet (bad word, let's say safer "savings") always and forever... Thoughts? =)
I do agree that silver is the better play here. I am still stacking both and I keep dry powder just in case they really go on sale. Have a great weekend.
How will people not be able to buy house or sell house . It not sustainable anymore and house already high enough also when will the house market crash.
@@stockmarketgambler3335 Yeah, now you aren't living in the real world. Not everyone can do that including those who need gov't assistance like healthcare and social security including children that need help. Can't pay all that with gold and silver coins that needs gov't regulation. A currency backed by gold yes. But also a currency that is by the people for the people and not debt based. Usury needs to be illegal. Bring back a green back system that Lincoln used to pay for the civil war behind the federal reserve's back.
@@stockmarketgambler3335 We need to adopt a currency similar to what Lincoln used to fund the Civil War with by using Greenback's that were independent of the Fed and they paid no interest on. Bring back the Tally stick system the best and longest lasting currency system ever.
We had too much Euphoria over the Trump win. I think even Bitcoin is about to crash. May have one more push towards 100k but I think lots of people are going to get smoked on the leg down. Frankly I'm terrified of what happens next, with the bond market selling off, and the USD climbing. This doesnt end well. Going to be interesting to watch Gold and Silver too. Many times they fall with the market initially. I did buy more silver this week on the dip and hoping for another drop.
Tall Mike Talks FOR A REASON 😮 Moon 🌙 Fools need to listen and learn or crash and burn 🔥 Great show today 👍 Thanks
Always appreciate your comments. Have a great weekend.
Happy Friday Mike!
Happy Friday!
Read an article about home prices cuts in Florida, that’s one of the places that saw the pull back first in the last 2 cycles.
Homes dropping fast in Florida. Have a great weekend.
10 year yield hitting it's highest point since June. You called it Tall Mike. Fed cuts rates, 10 year heads north. Have a great weekend!
Appreciate the comment. Have a great weekend.
Yeah, because they have been selling bonds to buy stocks. Healthy and natural. Risk off to risk on. Gold and bonds have been selling off. Gold gets hit too the higher rates go because the higher rates go the more inflation they fight. Inflation goes down the higher rates go and therefore lower demand for gold.
It is just matter of time, this will slide down big time.
I think you are right. Have a great weekend.
Mixed bag today. If the XLF and IYT start to play catch up to the SMH and IWM then the sh*t is really going to hit the fan as value stocks right now are the only stocks keeping this market from being down 1,000 points.
Yep. Thanks for the comments.
Yeah i worked at the food bank. Saw people in excursions and chargers smoking ciggerettes.... they got money for expensive vehicles and ciggerettes but not food.....😊 living way beyond their means while im driving a 12 year old cheap car and gave up bad habbits. We have enabeled bad behaviours
I see the same. When we have a food drive at my church there are a lot of BMW's in the line. Kind of sad. Have a great weekend.
Market fails at making new highs. SEC Chair to resign. MSCI being delisted. NVDIA reporting next week. CC debt at record levels. 10 yr rising.
What could go wrong.
Funny. It's all good. Have a great weekend.
Hey Mike, curious your thoughts on the gold/silver ratio. I follow Mike Maloney closely (and have for years), and he says he will only buy silver as long as the ratio is >1/40. It seems like silver has the greater potential, but gold is the safer bet (bad word, let's say safer "savings") always and forever... Thoughts? =)
I do agree that silver is the better play here. I am still stacking both and I keep dry powder just in case they really go on sale. Have a great weekend.
If you are a moon boy I think you should sell everything because the market is done obviously 🎉🎉🎉🎉
It is in trouble. Thanks for watching.
Second 😮
Yes!
All the recovered gold in the world is worth around 17 trillion dollars at today's price.
Correct. Have a great weekend.
How will people not be able to buy house or sell house . It not sustainable anymore and house already high enough also when will the house market crash.
Crashing soon. Thanks for watching.
We need a central banks owned by the gov't for the people, not private hands with selfish agendas.
We don't need a central bank if everyone is their own bank
Be your own central bank. Thanks for watching.
@@stockmarketgambler3335 Yeah, now you aren't living in the real world. Not everyone can do that including those who need gov't assistance like healthcare and social security including children that need help. Can't pay all that with gold and silver coins that needs gov't regulation. A currency backed by gold yes. But also a currency that is by the people for the people and not debt based. Usury needs to be illegal. Bring back a green back system that Lincoln used to pay for the civil war behind the federal reserve's back.
@@stockmarketgambler3335 We need to adopt a currency similar to what Lincoln used to fund the Civil War with by using Greenback's that were independent of the Fed and they paid no interest on. Bring back the Tally stick system the best and longest lasting currency system ever.
We had too much Euphoria over the Trump win. I think even Bitcoin is about to crash. May have one more push towards 100k but I think lots of people are going to get smoked on the leg down. Frankly I'm terrified of what happens next, with the bond market selling off, and the USD climbing. This doesnt end well. Going to be interesting to watch Gold and Silver too. Many times they fall with the market initially. I did buy more silver this week on the dip and hoping for another drop.
Yes, it will be interesting. Have a great weekend.