The dam is bursting. MSTR is running out of cash his ponzi scheme had raised. Having to sell Bitcoin when it has not yet recovered fully in price is telling. And is is so loud.
$Advanced Micro Devices(AMD)$ It is normal to see a retracement after a super run. What we saw on Friday, and premarket is not a worry for me. This is the normal course as we see AMD go up on it's next leg. The run is by far not over yet for AI chip stocks.
$Advanced Micro Devices(AMD)$ After a crazy super run, today's pullback is normal. Normal in the sense a bull needs to have a day of rest. But watch out on Monday. A 10% charge up will not surprise me. All the best.
Iran on-off wars. Donald Trump is again talking successful peace talks. But we have seen all these before. It is peace until it is not. Following which, Trump will again talk about total destruction of the Iranian civilisation. Take everything he says with a heavy dose of skepticism.
$ProShares Ultra Silver(AGQ)$ An anomaly is being seen from last night's trading. Whereas we all know gold and silver prices fell along with most stock counters, what we are seeing is AGQ fell out of proportion to the fall in Silver prices. AGQ is now at $116.00 plus. And Silver is around $77.00 an ounce. but the last time AGQ was at this level, Silver was below $60. Hmmn.....
Hold on. Don't panic along with the sheeps. For sure, the stock market has become dangerous. The bubble has never been bigger. And bonds and treasuries are high risk now as the government (USA) is basically bankrupt and needs to print more dollars. This is not new except in the past you had allies willing/needing to prop the US up. But under Trump? He has made all allies enemies. Worst of all, recent supporters of the US bond has been Japan, Middle East and Japan. Japan and the Arabs are in trouble. China, Trump has made China enemy number one. So who is left to help? Maybe Israel? Except Israel is rich enough par capital to thei population. But if they have to take money out to help the mess the US is in, sorry, drop in the ocean. So, what's left? Gold and Silver.
Gold and Silver. The new panic is caused by inflation CPI report which shows the US inflation is going UP, not down. This is driving bonds and USD higher. But I think this movement is temporary. Why would the USD go up if the USA is broke? This Iran war is costing USA $200-300 million a day. Trump has basically admitted this when he is asking Congress for 1.5 Trillion $ to replenish the weapons drained. Where is the money going to come from when the US is already owing trillions? Will China help after Trump’s actions have been anti-China all along? And Japan? Japan is already in serious trouble. They have no money to spend on US bonds. And the Arabs? They are running dry too with Iran blockading their oil cash. Gold and silver are real assets. This is where real safety lies.