Stocks, Gold, & Crypto Crushed As Dollar Spikes!

They do.... much less than crypto though.. BTC/ETH/XRP are all very heavily traded by institutions...

Some advisors say 70% of market is institutional investors

My dip buy marker is around 26,500. So I expect another 1k loss tomorrow to Wednesday.

that may be so but they have no intrinsic value imho. Bitstrings backed by fiat..not saying you can't profit off them but they have no intrinsic value imho. There are hundreds of them now and people pick one or the other for no good reason..very similar to penny stock 'trading'.
99.9% of pink sheet stocks are not worth the paper they are printed on but hey, you can get lucky.

Gotta go much lower then that for me...this market is the second most overvalued in history. It was still overvalued at the March lows. The top .01 percent have too much money so it may stay overvalued forever.

Doesn't help that the fed basically owns the bond market suppressing rates perpetually .. they will be at zero forever. Pretty soon the banks will own everything.

Because if you invest monthly, it has been proven to be far better than trying to time the market...

Its $1885, very sound advice there.

I dollar cost average. Stocks will eventually go up again..might drop in the short term. Just gives you an opportunity to buy shares on the cheap

That can be said about anything if you felt think about it. You can't mine much more bitcoin meanwhile they mine tons more gold and silver every year ..hell cash cost of mining silver and gold is much lower than their spot price so expect more mines to open in time.

Right now platinum is the only metal where cash costs are higher than spot.

What I did for almost 30 years was an HCS automatic withdraw monthly, and then I would send in checks at random when I had excess cash...which was quite often...

In other words it's silly to right the fed. They will always inflate, and in the end probably end up monetizing most of the debt on their balance sheets. Had we had a free market this summer the market would not be anywhere close to these levels. There is no free markets so invest because you can't hold cash when the fed changes the rules mid game to prop everything up.

so they are penny stocks then.. so the question is this how likely is there to be a gold mine or radical new invention or tech to cash in on with most of them?

silver-2.21


24.51Bid
24.61Ask
High: 27.03
Low: 23.65
[link to www.kitco.com (secure)]

I think Zerohedge really missed the headline...as "Dollar Spikes"?

Really...A LESS THAN ONE PERCENT UPWARD MOVE IN THE USD INDEX, IS "DOLLAR SPIKES"?

That headline makes it appear that (USD is the "safehaven") as Stocks, Gold, Cryptos "Crushed".

I think time will prove that to be - a very (expensive for some) conclusion to accept.

It's counterintuitive, but that's how it works. They remove debt in an effort to drive rates lower. It would only become inflationary if the lower rates actually then entice more borrowers to borrow. But if lenders aren't lending...then borrowers aren't borrowing and our debt based money supply is actually shrinking. People act like the money the Fed pays for the bonds is then spent by the banks to buy up equities, but they literally can't spend it. That "money" goes into a special account for them with the Fed and counts toward their reserves. So the banks take a liquid asset (a bond), that they could sell on the market for cash to use as they choose, but instead, they sell it to the Fed in QE which ties up the bond and also ties up the cash in a restricted account. So QE has net reduced the money supply wit the effect of putting downward pressure on interest rates.

Steven van Metre is a really good sound financial source on YouTube. It's good to listen to opposing thoughts as it helps us get a bigger picture. I'm long term bearish on the dollar, but short term it's going to pop upward and mid term, we will be dealing with it. Only an a literal act of Congress with stimulus could put downward pressure on it at this point.

As usual these "prices" are FAR, FAR FROM REALITY...AS BIG WHOLESALES AND OTHER MAJOR PLAYERS, ARE UNABLE TO FIND SIZABLE ORDERS OF PHYSICAL SILVER, FOR IMMEDIATE DELIVERY, FOR ANYTHING UNDER $30.

REMEMBER, THE LARGEST SILVER DELIVERIES ON RECORD OVER THE SUMMER...AND COMEX (SEEKING OUT AND APPARENTLY ACCEPTING) "NEW" REFINERIES, FOR Ag BARS, AS IT SEEMS THAT THEY ARE HAVING A DIFFICULT TIME, FINDING "GOOD-DELIVERY" BARS: THUS ADDING OVER A HUNDRED (AS REPORTED) NEW REFINERIES, WITH MANY OF THEM FROM CHINA.

(I WONDER HOW "PURE" THOSE BARS WILL BE).

I assume, that you do realize, that in the month of August, the Comex had several days of "trading" silver contracts, whereby the "silver" traded, exceeded 2X the ENTIRE ANNUAL GLOBAL Ag MINE OUTPUT...AGAIN, "TRADED" IN A SINGLE DAY?

GET READY FOLKS.
jk

There's another risk you seem not to be aware about, or simply underestimate, US south west coast is very unstable, there's been a 5 mag EQ friday evening, since then many new EQs have taken place by the fault going thru Baja Calif up to LA and further northward.

Beware of a surprise calamity that could suddenly undermine key IT and .com corp. HQ's located in that unstable region.

Trump not happy!

Look..I almost bought 1000 bitcoins for under a buck many years ago and could have made millions, and would have happily accepted that..that being said, aside from being an 'interesting' place to throw some money and forget it for a while, I saw no intrinsic value in it then and don't now. I don't think it passes the test for sound money. I do think it's an interesting technology or framework for processing transactions and can be thought of as 'containers' for whatever you want to stuff in them. All that being said, I don't think they are worth anything in and of themselves. Doesn't mean you can't make money off them. I just don't think they are worth anything by themselves. At least silver can make a spoon or a coin.

sure they are

If you sell stock or other assets , you are given us dollars, hence the value going up, but there will be a race to buy hard assets, to get rid of them fast.

-919.14 and going DOWN



Last Edited by Parrot in Flip Flops on 09/21/2020 11:26 AM

wow dow down 932 now

sucks..I always learned buy when there is blood in the street and sell when there is a party..but I am a dollar cost average buy and hold kindof guy..used to do dips and drips but the paperwork for owning 40 diff companies come tax time was horrific...

Last dip was August after the Deal of the Century, when UAE accepted Israel.

This one could be because King Salman has died. Only big money could be making the market/gold/currency move like this!

This^^^^^
My guess is Iran!

Carshing

The FANG fuckers can't get enough of their tech overlords. Nasdaq will be green today. Bank on it.

THIS^^^^^^^^

That's interesting.