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Re: DOW / Markets, ONLY one making money are the high frequency traders with their programed algos. They flip this scam all day long upi down up down. Long short, YOU GET THE PICTURE.  

By: capt_nemo in POPE 5 | Recommend this post (1)
Wed, 28 Aug 19 8:46 PM | 28 view(s)
Boardmark this board | Pope 5 		Msg. 38807 of 62138
(This msg. is a reply to 38798 by Decomposed)
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ETFS are NOT investments, they are a trading vehicle Dexerion calls them...right in their prospectus .. I think they was the first to start ETFS. and when they started Reverse splitting, that blew me a way........ IMHO ETFS are starting to smell like scams as well....




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Re: DOW / Markets, ONLY one making money are the high frequency traders with their programed algos. They flip this scam all day long upi down up down. Long short, YOU GET THE PICTURE.
By: Decomposed in POPE 5
Wed, 28 Aug 19 1:37 PM 		Msg. 38798 of 62138

Nemo:

Re: "LOL to the down side. Big ol red candle........"I have a few comments on the video.

First, the statement that ETFs are the way to go because they're easiest is debatable. If you're looking at gold as a trade, then sure. If you're looking at gold as security, then forget about ETFs. The last time I checked, ETFs were trading more gold than exists. In other words, they're swapping paper back and forth without having the gold in hand. In a real crisis, gold ETFs are *not* going to be redeemable for the metal. If you're trying to protect yourself, you want to have physical metal. That only raises the question of where are you going to keep it. My answer is, FIND A PLACE.

Second, Milling-Stanley makes the point that in the last three recessions, the Fed has reacted by lowering interest rates an average of 3 percent, but that it clearly cannot do that this time. That's a great point. If there's a recession, it could be a particularly long and nightmarish one for this reason, with a Fed that lacks the ability to do enough to end it. It's been a long time since a recession ended by businesses actually having improved their products and efficiency. That means that during such a protracted downturn, we'd have more bankruptcies than we've seen in a long time. And therefore more unemployment. And more foreclosures. There could be some real buying opportunities for those who have cash.

He says that the last time we had significant speculative money coming into the market, it drove gold up $500 in nine months and he can see that happening again. That's realistic if the stars align. Since they rarely do, I'll be a little more conservative and set a target of $1,900 by June, 2020 - not quite enough to finally delete my signature line!

A recession would bode very poorly for the President's reelection chances. If he loses, I think it will be to Elizabeth Warren, and Warren will *NOT* know how to get us out of a recession. (In fairness, nor would any of the other Democrats, but Warren and Sanders would be the most harmful.) Warren's programs, intended to help the poor, will drive more businesses under and create MORE poor. The stock market would therefore crash well before the election - as soon as the likely outcome became clear - and we will have a full-on Depression.

Let's hope there's no recession. As stated in the video, the yield curve says recession but the BLS data says the economy is robust. That means economic uncertainty... and economic uncertainty means BUY GOLD.

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