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Tuesday, 05/07/2024 9:54:22 AM

Tuesday, May 07, 2024 9:54:22 AM

Post# of 19410
Just more evidence that the stock market rally is getting long in the tooth and the end is near. Stan Druckenmiller is dumping his Nvidia stock and yesterday they were talking about Warren Buffett dumping a big chunk of his Apple holdings. Buffett made an attempt to explain why Berkshire was selling the stock, but in essence he said they would rather have it in cash, not Apple stock. My guess is the big Fish will continue to dump stock moving forward, as they see the writing on the wall.

Note the very last sentence in this article about what Druckenmiller is thinking. The comments about the election, both outcomes are positive for gold.

https://www.marketwatch.com/story/weve-had-a-hell-of-a-run-stanley-druckenmiller-cuts-nvidia-stake-b3dd5876?mod=home-page
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