page-loading-spinner
Home Dead Cat Bounces, Gold’s New Closing High, and Yen Problems are Not Over
Economy
Health
Market Updates

Dead Cat Bounces, Gold’s New Closing High, and Yen Problems are Not Over

The fallout from the big Yen move isn’t over yet.  I suspect Ray Dalio is right, and one or more “someones” have blown up, behind the scenes.  Any time there are “black swan” type moves, some group of leveraged traders are guaranteed to blow up in some spectacular fashion, just due to math. 

The User's Profile davefairtex August 12, 2024
39
placeholder image

The overall narrative is saying “recession” and “rate cuts”, with gold whispering something crazy in off in the corner. I mean, yet another new all-time high? I’m guessing the Chinese Oligarchs are saying “no” to property (30 year bubble POP) and equities (a 50% drop), and now (possibly) the dollar too.  Gold is the exception, which the CCP is encouraging them to buy.  CCP loves gold, while Google worships bitcoin.  CCP also likes coal, oil, natural gas, and nuclear reactors, and promises to deal with “Climate Change” real soon now – i.e. never.

The energy rallies this week go against the “recession narrative” we have seen in the metals – especially copper, which made a new multi-month low. My guess: the energy rallies are about geopolitics.

To me, this week’s dead cat bounce is not entirely surprising; downtrends always have bounce-back rallies, especially at the start. “Buy the freaking dip” has made people tons of money for a long time. If I were writing the script, I’d suck the little people in with a bounce – maybe several of them – I’d sell, and then let prices move lower.

They say that during downtrends, you’re supposed to “sell the rallies.”

Are we in a downtrend? For sure if Cackles isn’t installed, “they” will want Weird Orange (or “Junior”) to inherit some kind of financial disaster. Narrative: “The markets made new all-time highs under Senile Joe!  He was Sharp as a TACK!”

Who is running things right now, anyway?

(More…)

The rest is exclusive content for members

Curious about what being a member offers? Sign up now for a risk-free trial and get a sneak peek into the premium content, features, and perks awaiting you on the other side.

Community

Top Comment

Dave wrote:
Will Democrats be much more prone to autism, chronic illness, and “dying suddenly”?
I went to a party. Old friends, virtually all Democrats.
I shut my...
Anonymous Author by mike-from-jersey
25
Image | Peak Prosperity Community

Peak Prosperity Community

Learn more
Image | GoldSilver.com

GoldSilver.com

Learn more