General Stock Ideas

[bigworld]

gfp: Today was the biggest one day save by the PPT in market history I believe. I can't for the life of me understand why Powell didn't throw a bone to the bond vigilantes on Wednesday. The government can't afford higher interest rates. The Fed has to keep the 10 Year under 1.5%. If Powell had just announced Yield Curve Control on Wednesday we'd would have rallied for the entire 2nd half of the week instead of seeing this wicked volatility. And you're right, the precious metals have not been a safe have. While virtually every other hard asset has rallied until recently, gold and silver have been on a long slow slide. It's been disappointing for sure. I'm sure that I'm down $400-500 K since September. But the stubborn fool that I am will keep holding and buying more. I picked up 10K shares of SAND, a small royalty company that Bob Rinear recommended. I bought it yesterday and it held up OK today surprisingly. This has definitely been the hardest market to invest in during my lifetime. The natural ebb and flow of the markets has been disrupted by the constant interventionism by the Central Banks. Price discovery is gone. It's low rates and money printing for as far as the eye can see. Cotton candy and unicorns every day. It's going to end in tears at some point, but only God knows when.