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This is a very scary article. I hope he is wrong, but it all makes perfect sense to me. Our world leaders are power hungry and will stop at nothing to keep that power and add more. Our borders are gone, our entire education system is a disgrace, and we are now a forever war charging nation always looking for the next war we can start. The deep state is so deep and common sense so lost that I don't see much hope. I would say the Next Great Depression is almost here. By summer 20-year interest rates could again be over 5% and for sure by year end, our debt payments will be running $1.6T at year and that is on a $4.4T revenue base.
I have no debt, I have no major amounts of money in any banks that I think could fail. Chase is probably the saved bank around because there is no way they can fail. I have some cash on hand, but I need to get a lot more. Of course when all this comes about, I will be surely in cash and not etf's, so I have to hope that all those short-term treasury bills get paid. I can't imagine the government defaulting on the 3mo T-bills first. I do expect some kind of one-time tax on our IRA's since confiscating our gold is off the table and there isn't that much they could go after. Retirement funds is a much better way to completely destroy anybody with any money and totally demoralize everyone into submission. Covid was a great training period, they now know we are all just sheep and they are welcome to destroy our fortunes and long-term outlook without any issue.
I heard terrible stories about the 30's depression from my grandparents. Most of them were farmers so they survived the depression pretty well. They could trade their egg and meat ration coupons for flour, sugar, coffee, and other things since they had the farm. My ex-wife's grandfather had a small grocery store/gas station and decided to sell it and buy a farm. He put the money in the bank the night of the sale intending to buy the farm the next day. That night the bank failed. Their survival story is one I sure hope I don't see repeated in my family again. If you think the government cares about, you are sadly mistaken. I am an old white male, I am to be hated.
Ever since reading Webb’s book my mind has been unsettled, trying to grasp how this could possibly happen, while trying to convince myself it won’t. We’ve muddled along for years and all predictions of collapse due to unsustainable debt growth have failed to materialize. My mind tells me Webb is right, while my heart hopes he’s wrong. But I know hope is not an option. No one in my financial position, or likely 99.9% of the population, will be able to avoid this accelerating train coming down the track.
Every non-insider on the planet will be negatively impacted by the Great Taking. The best we can do is prepare and prep based on our resources, location, family situation, abilities, and attitude. Eliminating debt, having cash-on-hand, having precious metals on-hand, being heavily armed, creating a local network of like-minded people, having no cash or investments in Wall Street banks, and even owning bitcoin in your private wallet, could help alleviate some of the pain from the “Great Taking”.
$BITCOIN and the associated miner stocks appear to be decoupling now. This is expected. Once the halving later in April occurs, the energy cost of each coin mined will 2x (reducing the efficiency of miners), and the rate of new coins entering the market will slow down (making the existing coins more valuable).
At some point in the coming weeks/months, the value of Bitcoin will increase enough such that the miners will move up once again. Now is a good time to be out of the miners and hold Bitcoin. I expect the miners to bottom and turn back up once the price of $BITCOIN sufficiently increases. GLTY
For BOIL/KOLD, I am currently using the hourly charts to trade.
The 1hr KOLD chart this morning is displaying a series of lower highs, and lower lows. This chart had me sell KOLD last Friday for a small gain.
The 1hr BOIL chart this morning is displaying higher highs, and higher lows, but the price action is not yet above the 200MA, so I will likely sit out what is shaping up to be a buy signal this morning.
If the price action was above the 200MA, I would currently be watching/waiting for the next hour bars to appear for confirmation. GLTY
BITU and SBIT started trading this past week.
BITU is a 2x BITCOIN ETF, and SBIT is a 2x Inverse BITCOIN ETF.
(3x versions of each are in the works.)
The Casino is now open...
https://stockcharts.com/h-sc/ui?s=BITU&p=D&yr=0&mn=6&dy=0&id=p92336792827
https://stockcharts.com/h-sc/ui?s=SBIT&p=D&yr=0&mn=6&dy=0&id=p92336792827
https://www.proshares.com
Yday's pattern was an engulfing candle, but it really was not the bearish pattern because we were not in a real uptrend. By the same token todays inside candle really doesn't mean much either, imho.
As you just posted, as the news keeps filtering in hour by hour either good or bad (more bad lately), the market just reacts day to day. Don't know if we are going to make it through this rough patch of not without breaking down.
I am getting very close to sells, but still hanging in there. I have pulled back my investment level and shifted to a much higher allocation to SPY.
Now today was a bullish engulfing candle...WOW.
Dropped out of the bottom of the RSI wedge, and also MACD wedge. This week is getting interesting.
(E)TQQQ .....2xDaily.....what happing to market at 2.00pm..????
[1] daily
https://schrts.co/vtkcXziy
[2] daily ZIG+ %B20.
https://schrts.co/aYVfeCwm
RE--RE-UVXY.....10....60.....+ Daily. .trend HH...CLICK pre post....
10..
https://schrts.co/NQxYGQXf
60....
https://schrts.co/ZcfQFkSy
DAILY.
https://schrts.co/JKwVXXCq ....
For NatGas, I have begun watching/using the 1 hr charts (Thx DUMA!). I have found the 1 hr BIOL/KOLD charts begin to suggest a direction change a day or two ahead of the actual event.
I have been avoiding getting into BOIL recently because the price action is still not above its 200MA.
I have been in and out of KOLD a few times recently with some success. Single digit gains. KOLD price action being above its 200MA, its bias is to the upside.
As you may recall, I have been trying many many different ways to gain an advantage trading BIOL/KOLD. It continues to be a quite challenging, but when it pays off, it does so big.
When BOIL does finally move above the 200MA on the DAILY chart, it should be biased to the upside for an extended period of time. Let me know if questions. GLTY
Too many different charts out there but this the author suggests a double bottom. I see more of a w3 setup. w2=C w3=D on his chart.
Target for w3 is $2.38 for this future. His double bottom $2.50. this move translates into BOIL 22.90(w3) 24.77(Dbl Btm) minus decay
I just opened up the web based version of TOS. After just minutes of using it, this is the way I am going to go. Very easy to navigate and large numbers.
They say it is a stripped down version of TOS which I would assume applies to not being able to write code for the charts. Don't intend to do that, so not a problem. I also don't care about level II quotes (I think that is what it is called).
Hopefully I erased all personal info. I did leave the cash position, ha.
35years for Japan. I was in Japan when the crash came. It was crazy.
This is not a good look for the Q's. The fantastic channel appears to be ending with an ascending triangle. Major resistance just under 450 that could not be broken so the only other direction is down.
Here is what I have to say to all those Buy & Holders that Varney marches through his program everyday. It much have felt pretty good in 1929 with 45 new ATH's being made. 2017 did a lot better with 62 and 2021 killed it with 70.
But then came the hangover. It took 25 years until 1954 to get back to the last high of 1929. That is a long time to sit and watch your holdings try to dig out of the hole that was made. I lived through the 13 years from 2000 to 2013, I know firsthand what it feels like. Lucky for me it was only 13, not 25.
I remember my Dad playing the market in the 70's. That didn't work out for him very well and from that point he was always negative about the market. In the 90's when I was rolling in the money, he was always telling me to get out while I could.
He also fell for the option game and that didn't work out well either. I still have the manuals that he bought. They are good option techniques that are still being used today, but here is what I tell my friends, if you can't make money buying one share of stock, don't expect options to make you money. You have to know the direction the market is going to go to ever make money. The number of people who can't make money buying shares of stock amaze me that they think they can make money with options.
So will 2024 be the new 1929, or maybe we can hold it off to 2025. But I have a bad feeling we are going to see another 20+ years with no market gains. I have not issue giving up a bit to the market to not get caught riding it down. Debt took the Romans down and it will do the same for us.
NatGas spot approaching $2. BOIL looking stronger. GLTY
https://capital.com/us-natural-gas-price
Block pop-up ads http://www.adfender.com/
Dividends http://www.nasdaq.com/symbol/spy/dividend-history
Three X ETF's http://www.3xetf.com/ETF_List
AI
