Long Position on Silver and Gold?

[MrPrena]

March 2000. I will never forget.


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Will be repeated soon.

[MrPrena]

"Quite the Bear"

[MrPrena]

Sucker rally?






"Remember my financial advisor at JP Morgan said to dollar cost average!"
^

[BushMasterBoy]

peace & troop withdrawl in afghanistan. my understanding is this mountainous nation has large deposits of lithium. i'm gonna buy a corvette before they are outlawed...I almost bought a supercharged 610HP 7.0 vette this weekend, it lasted 18 hours at the dealer. Was delisted by Mon. AM...it was a $125K vette & they wanted $35k

[MrPrena]

Vix went up 40% today alone!

[MrPrena]

Some analyst said it is panic selling.

NOT TRUE.

Many people are taking profit off of decade of bull market.
Maybe they wanna cash out some and buy a car/house/cyclicals?
Some might be just diversifying into precious or oil?

[MrPrena]

IMO, technical looks more bullish than what some analyst says, but fundamentally speaking, it should be bearish.


https://finance.yahoo.com/news/recen...184618023.html

Recent rally could be a 'bear market trap:' Miller Tabak strategist
Ines Ferr?Markets Reporter,


The recent rallies on the Dow (^DJI) and S&P 500 (^GSPC) have some investors wondering if the worst of the market declines amid the COVID-19 pandemic are over. The Dow, which rose more than 1100 points on Monday, is trading around 20% above its’ 52-week intraday low from March. The S&P 500 is up around 16% from its’ March 23rd low.
Yahoo Finance•April 6, 2020

[earplug]

Lots of paper money hit the street and the street bought stocks. Thats the same reason the market has gone up since the last crash. We don't call it inflation.
When the next stimulus hits the street the market will go up again. Your pay check and savings will be adversely effected again.

[MrPrena]

Interesting read

This Is A ?Suckers? Stock Market Rally
Chris Vermeulen
FX EmpireApril 15, 2020, 6:24 AM MDT
Everyone I know who is not involved in the stock market or has little knowledge about it is calling me and asking what stocks, indexes, and commodities to buy because everything is so cheap and dividends are juicy again.

https://finance.yahoo.com/news/sucke...122402728.html

[Sawin]

“Sell In May and Go Away”