Black Friday?

[r3volution 3.0]

Speaking of inflation and deflation, I have to speak ill of my fellow gold bugs for a moment. A persistent myth in the community is that gold does well in both inflation and deflation. This is largely based on the fact that gold did extremely well during the Great Depression, and on a misunderstanding of that fact. Gold did well then because gold was money; the dollar was gold, gold was the dollar. Gold did well in that deflationary collapse for the same reason that today the dollar rallies when stocks fall. This is no longer relevant. As we saw in 08 and just recently, gold is liquidated for cash during deflationary events (though perhaps not as much as many other assets). If you're expecting a second Great Depression, gold isn't a good bet. On the other hand, if you expect a second 1970s, with the Fed printing obscene amounts of money to prevent deflationary collapse, there's your case for gold.

 

[devil21]

No idea. I would be pretty skeptical of anyone says they know. I don't guess at those big macro things because I will probably be wrong 80 percent of the time. It would seem like we should finally have price inflation given how aggressive the Fed has been. But if this is an asset bubble and it pops then that would be deflationary.

Price inflation requires both increase in money supply and increase in velocity. Velocity has been retarded by all the Covid reopening restriction nonsense. 50% occupancy rules, less people spending because it's just a hassle, etc. Very little of the Covid money creation has made it to the real economy and what has is restricted from picking up velocity by lack of spending options.

If you're expecting a second Great Depression, gold isn't a good bet.

The other option is gold becomes money backing again, after the deflation and inflation cycles play out and kill the FRN.

 

[r3volution 3.0]

Silver hit a multi-year high today, 19.99, on an unrelated note...

Make that $23.

Off to the races folks.

The parabolic move back in 2010-11 played out in a mere 8 months; we could easily be at $50 by year's end.

....though I sincerely hope not, as I have more buying to do.

 

[devil21]

For anyone that follows the occultist banker's love of (mostly biblical) numbers, the recent market closing numbers are chock full of possible sell signals. 3300 SP500 close on 11.9 point gain today. Yesterday Dow close was 26,664. Close to the magic number 11XXX on broad NASDAQ and it's already past 11,000 on the NASDAQ 100. That's a lot of their favorite numbers all bunched up together.

The numbers aren't always an indicator but they sometimes are, especially when you see them lining up. The hard part is determining what the numbers may translate to on their market manipulations. Recall that during the first sell-off I posted about March 22 being an approaching ominous date (Skull and Bones '322', which is reference to Genesis 3:22). The bottom was the next day 3/23. (eta: The sell-off started on 2/24, day after 2/23). I anticipated the date meant a bigger sell-off but was wrong. It marked the bottom, when the Fed stepped in and performed its "money magic". They run most of this stuff by the (biblical) numbers and use the numbers as inside signals. The numbers are lining up again.

(btw, Trump is constantly surrounded by the number 88. 8/8? Meh probably nothing.)

 

[devil21]

 

[RJB]

Black Friday is a cool song.

 

[Anti Globalist]

Guessing because of the coronavirus people won't be doing Black Friday this year.

 

[oyarde]

Guessing because of the coronavirus people won't be doing Black Friday this year.

2020 has been cancelled due to plague