It’s going to be an interesting and potentially rewarding over next several weeks, into year-end. It could also a potentially damaging time if you are caught on the wrong side of things. Guessing is not a strategy. Neither is hope.
Notwithstanding breaking a bit below the “The Floor”, as you see, Gold’s been there before, as recently as this past July. Yet, as we’ve herein eloquently waxed over these many years: “Change is an Illusion whereas Price is the Truth.”
It’s a virtual war on bubbles, and there are bubbles all over the world.
In August 1971, Ray Dalio was working as a clerk on the New York Stock Exchange when President Nixon announced that the United States would suspend the conversion of dollars into gold for foreign official holders
Eventually, consumers will reach a breaking point. And we may be getting close.
Subprime borrowers are already feeling the stress.
There are 10 companies in the S&P 500 worth over $1 trillion with another four in shouting distance. The equity raises we are seeing are simply staggering the mind. We are going to talk about AI and capital needs: who will get it and who won’t?
