OK, Greg the answer to "why the dollar?" History tends to repeat itself. During the 2008 meltdown the very shortest term govmint treasury notes were being bought for a very short period of time at a negative rate. I already made my "buy buy buy!" call on TLT and as you can see, it is doing quite well. The dollar will be the other "safe haven"...just like in 2008. So that's it in a nutshell. Go ahead and laugh...I don't care. But if you do I am going to laugh right back becuase the other day you said >>> "If the dollar were to stage a 2 day rally, don't come at me telling me about how I was wrong!" But is that not what you just did with bitcoin and the rest of the cryptos? 2 day rally, now bitcoin back below $2300 and methinks this move will "shock!" you into possibly reconsidering your long term stance. I ainn sayin...I'm just sayin.
Also, another VERY important point you missed on your tutorial about taking losses that you missed is this. You can also make BIG mistakes by over-reacting to quick moves lower in positions where you have a long trade working. Look at your DIS trade as a prime example. You exited a very good long trade on a "mini" panic and got out pretty much right at the low with a .60 loss per contract. Now you are back in. Becuase of I.R.S. tax rules you wiped out your ability to write of that loss becuase you got back in to the same security before 30 days. Your new DIS calls need to move to 4.50+ now just for you to break even on your overall trade. That's going to be cutting it close if you ask me. In fact, I don't think those calls will trade that high.
I would have pointed this out earlier but I was "blocked" here since 10AM. I did initiate 2 new trades...with 1 more coming in USO if you'd like to check it out. have a GRRREAT weekend, Greg. But stay close to the compooter and let the movers do the heavy lifting as methinks you will see some things over the next 2 trading days that will cause you to update a few things. Good luck!
Yo, joejj, good to see you in fine form. I reckon we all learn from the point-counterpoint you bring to the threads. I tend to favour Greg's thinking as it coincides with mine, but... what the hey, trying to grow assets in an echo chamber could turn out to be on the bad side of a situation. An old fella told me once, "Wisdom is knowing which advice to take." Thanks for your thoughts, mate.
Thanks. As a "contrarian" I will always be there to give the view of the "1%ers"...the very few who take the opposing view. I only wish Greg listened to me about BBY. He's packing boxes right now not realizing he's getting crushed on his BBY trade. I "warned" him to stay close to the compooter. :-) Let's see if my take on bitcoin and DIS turn out to be the "correct" although "highly" controversial calls.
I'm really glad you drove the point home that this manipulation doesn't affect you in the least b/c you're holding for the "long term". Holding these assets are not trades. This is the key that I think so many people miss. I could care less how the dollar alternatives do on a day to day basis b/c I know where they'll be in the long term. Great video as always.
You are absolutely spot on sir the driving force behind the dollar decline is the fed words and you are also tells a very nice alternatives of dollar. i wish you a good luck for your journey.
The metals are the way to go right now if you are a long term investor who wants to own an asset that will hold value that is tangible, Crypto is the way to go if you are a long term investor who wants to own an intangible asset that will create value great combination. @marketreport great informative post.
Dude! You are NOT wrong about that Dollar. I don't know who is saying that to you about the Dollar, but they are wrong. The Dollar has a track record of falling over history and even in the current trend over the last few months.
I am excited to see the Dollar fall completely apart!
I just took some of my Dollars and bought more Cryptos cause I hate where the Dollar is going.
I just do not like being in that Dollar. I hate seeing my money deteriorate and have less of it as the days pass.
Thanks
Thanks for the vid as always, hope the move has that change is as good as a holiday aspect!
I'm wondering, if we know that the FED and banking cartels are going to hold gold and silver down and we know the USD is going lower, then why aren't you buying into other currencies like AUD, EURO, YUAN etc? Imp-articular I'd like to know your thoughts on the AUD.
We have a ways to go to recoup the price of Steem. I will continue to buy into steem, silver and gold. Thanks for the great advice. GET OUT OF THE DOLLAR FOLKS!!! Thanks Greg.
Yes, I agree the dollar is getting trashed while the stock market goes higher. They are doing so they have something to point to, and say "look at the market the economy is good" it is laughable.
As the dollar falls, having silver and gold is a no brainer!
Crypto is a great buy only I believe there are so many out there, I agree having bitcoin makes lots of sense, then litecoin, maybe etherium, just not sure which cryptos are best.
But since all alt coins seems like you have to use bitcoin to buy them, makes sense just to at least buy bitcoin.
It's a Good idea to be so diversified in Crypto's, Gold, Silver, Platinum, Palladium, junior miners for the lotto tickets like GRG
Moving does suck Greg :(
Monday its all over :)
My local coin shop, was loaded with 90% silver last week . Someone bought it all earlier today. I should have grabbed some while I had the chance. Now I have to keep checking back. Dang it.
Good luck with your move. Hopefully, it will be a good chance for you to sort through and get rid of some of the junk you've accumulated - so you can refocus on your marketwatch work. We need you here!
great video (as always). I bought gold in 1999 for under $300 an ounce. I'm a happy camper today! Having been buying silver for a few years now. Looking to buy more.
OK, Greg the answer to "why the dollar?" History tends to repeat itself. During the 2008 meltdown the very shortest term govmint treasury notes were being bought for a very short period of time at a negative rate. I already made my "buy buy buy!" call on TLT and as you can see, it is doing quite well. The dollar will be the other "safe haven"...just like in 2008. So that's it in a nutshell. Go ahead and laugh...I don't care. But if you do I am going to laugh right back becuase the other day you said >>> "If the dollar were to stage a 2 day rally, don't come at me telling me about how I was wrong!" But is that not what you just did with bitcoin and the rest of the cryptos? 2 day rally, now bitcoin back below $2300 and methinks this move will "shock!" you into possibly reconsidering your long term stance. I ainn sayin...I'm just sayin.
Also, another VERY important point you missed on your tutorial about taking losses that you missed is this. You can also make BIG mistakes by over-reacting to quick moves lower in positions where you have a long trade working. Look at your DIS trade as a prime example. You exited a very good long trade on a "mini" panic and got out pretty much right at the low with a .60 loss per contract. Now you are back in. Becuase of I.R.S. tax rules you wiped out your ability to write of that loss becuase you got back in to the same security before 30 days. Your new DIS calls need to move to 4.50+ now just for you to break even on your overall trade. That's going to be cutting it close if you ask me. In fact, I don't think those calls will trade that high.
I would have pointed this out earlier but I was "blocked" here since 10AM. I did initiate 2 new trades...with 1 more coming in USO if you'd like to check it out. have a GRRREAT weekend, Greg. But stay close to the compooter and let the movers do the heavy lifting as methinks you will see some things over the next 2 trading days that will cause you to update a few things. Good luck!
Yo, joejj, good to see you in fine form. I reckon we all learn from the point-counterpoint you bring to the threads. I tend to favour Greg's thinking as it coincides with mine, but... what the hey, trying to grow assets in an echo chamber could turn out to be on the bad side of a situation. An old fella told me once, "Wisdom is knowing which advice to take." Thanks for your thoughts, mate.
Thanks. As a "contrarian" I will always be there to give the view of the "1%ers"...the very few who take the opposing view. I only wish Greg listened to me about BBY. He's packing boxes right now not realizing he's getting crushed on his BBY trade. I "warned" him to stay close to the compooter. :-) Let's see if my take on bitcoin and DIS turn out to be the "correct" although "highly" controversial calls.
I'm really glad you drove the point home that this manipulation doesn't affect you in the least b/c you're holding for the "long term". Holding these assets are not trades. This is the key that I think so many people miss. I could care less how the dollar alternatives do on a day to day basis b/c I know where they'll be in the long term. Great video as always.
Greg the dollar has lost so much over the last 100 years why can't it go to zero, hope the move goes well cheers mike
Follow you everyday greg and appreciate the updates! Thanks for the support for the little people. BTW had trouble viewing the youtube link!
Nice rebounds for us. I am watching this Dollar everyday now cause I see the influence of the Dollar on everything else.
YOU HIT it out of the park with this one and Now is a very good time to buy silver
junk silver is selling at a 50% premium to the spot price. Not so good time.
I'm happy I bought a little over a half ounce of gold and 20+ ounces of silver a few weeks ago when they were both at their low points.
You've gotta take advantage of those times... hard assets are an addiction of mine. Gotta keep stacking ;)
You are absolutely spot on sir the driving force behind the dollar decline is the fed words and you are also tells a very nice alternatives of dollar. i wish you a good luck for your journey.
Holding the dollar long term ? You're better off holding toilet paper rolls... at least they do what they're supposed to do!
Nice work, i hope you grow fast on steemit :)
@marketreport
It seems like with the dollar being so weak all stocks and other sectors can start booming.
Thanks for the video @marketreport
The metals are the way to go right now if you are a long term investor who wants to own an asset that will hold value that is tangible, Crypto is the way to go if you are a long term investor who wants to own an intangible asset that will create value great combination. @marketreport great informative post.
Thanx for the update... You are right, moving sucks... Enjoy lol
Your savagery about the dollar is really funny. I love it!
Dude! You are NOT wrong about that Dollar. I don't know who is saying that to you about the Dollar, but they are wrong. The Dollar has a track record of falling over history and even in the current trend over the last few months.
I am excited to see the Dollar fall completely apart!
I just took some of my Dollars and bought more Cryptos cause I hate where the Dollar is going.
I just do not like being in that Dollar. I hate seeing my money deteriorate and have less of it as the days pass.
Thanks
Do you think The dollar will continue to fall @marketreport ?
Thanks for the vid as always, hope the move has that change is as good as a holiday aspect!
I'm wondering, if we know that the FED and banking cartels are going to hold gold and silver down and we know the USD is going lower, then why aren't you buying into other currencies like AUD, EURO, YUAN etc? Imp-articular I'd like to know your thoughts on the AUD.
Why buy any fiat currency when you can unplug from the system?
Silver Dollars only!
We have a ways to go to recoup the price of Steem. I will continue to buy into steem, silver and gold. Thanks for the great advice. GET OUT OF THE DOLLAR FOLKS!!! Thanks Greg.
Cool! I hope you'll transport your metals at night ahaha
Will miss you until Monday. Have a productive and safe move my friend.
Good luck whit moving to new place. Maybe now is the time for Silver to raise high.
@marketreport Thank you Greg.
Good luck with the move. You have a great weekend too :) - Annex
Good luck with the move and Happy Birthday.
Yes, I agree the dollar is getting trashed while the stock market goes higher. They are doing so they have something to point to, and say "look at the market the economy is good" it is laughable.
Thanks Greg, for all you do, you are so right about the dollar.
so out of the dollar clear. Steem is my thing. Gold, silver not that much, I love crypto :)
Wow this is amazing. I hope i can have one.
Good luck with the move, Greg! 2nd most stressful live event, according to the statistics.
Happy moving :) It is a pain, but always fun to be in a new space...
As the dollar falls, having silver and gold is a no brainer!
Crypto is a great buy only I believe there are so many out there, I agree having bitcoin makes lots of sense, then litecoin, maybe etherium, just not sure which cryptos are best.
But since all alt coins seems like you have to use bitcoin to buy them, makes sense just to at least buy bitcoin.
Good luck with the move, hope all your stuff arrives safely. Thanks for all that you do and the ways that you do them.
Yes, those dollars have no muscles at all.
It's a Good idea to be so diversified in Crypto's, Gold, Silver, Platinum, Palladium, junior miners for the lotto tickets like GRG
Moving does suck Greg :(
Monday its all over :)
It wasn't me Bro, I followed you here from YouTube! Thanks and make a good move happen!
My local coin shop, was loaded with 90% silver last week . Someone bought it all earlier today. I should have grabbed some while I had the chance. Now I have to keep checking back. Dang it.
No videos until next week. That's a bummer. I guess I can watch some of Gregory's reruns.
Silver is my favorite color.
I would tell my son the dollar is collapsing. He would tell me it's strong. I am so glad to of found your blog and posts. I am not crazy. Thank you
Good video Greg! I'll take this discount silver all day long! @marketreport
The Lion is moving to fresher fields with more prey. He has ripped the face off where he currently lives!
Great update once again.
Picked up some silver for my son today. Just love how shinny they are.
Good luck with your move. Hopefully, it will be a good chance for you to sort through and get rid of some of the junk you've accumulated - so you can refocus on your marketwatch work. We need you here!
Just another great article !!!!!!!!!!!!!!!!
Greg, just read an article that goldman sachs is getting off the commodities. What's is your take on this.
great video (as always). I bought gold in 1999 for under $300 an ounce. I'm a happy camper today! Having been buying silver for a few years now. Looking to buy more.
Watch out guys. Socialists are trying to control content on steemit. https://steemit.com/steemit/@baronious/the-libtards-have-arrived