Us gdp

[the big wheel]

Errol how much and what is the effect of companies doing massive buy backs? Less stocks available due to the buy backs have raised rhe stock price but in reality doesn’t this make the stock market value raises a fake? There isn’t actually any more value in these companies as the stock market raises have eluded to. Just less shares at a higher price.

[errolanderson]

Errol how much and what is the effect of companies doing massive buy backs? Less stocks available due to the buy backs have raised rhe stock price but in reality doesn’t this make the stock market value raises a fake? There isn’t actually any more value in these companies as the stock market raises have eluded to. Just less shares at a higher price.

Stock buybacks on Wall Street almost totally supported the U.S. stock market over the past few years . . . especially since 2016 (IMO). Meanwhile on Main Street, participants have dwindled. Fake you say? . . . you betcha . . . now unlimited money printing. This field is not designed to be level.

Gold prices have been crushed more than $200 per oz in the past 18 hours with the spot breaking below $1.865 per oz overnight. This is a margin call washout forcing long liquidation. Futures are extremely dangerous. Stick to options, if sticking-a-toe in precious metals.

[jazz]

Guys, you are looking at this wrong. Whatever your throughts on our financial system, it doesnt really make sense to go against it.

I imagine some $20T was printed up over the world and went right into markets and supporting people. Thats inflationary and will land somewhere in regular assets eventually. The stock market is already seeing it. The US GDP is jsut starting its recovery and the S&P is at pre pandemic levels. In a years time that index will be 5,000.

I understand the allure of gold but if our system was reset against it and it jumped to $15k an oz or something, we would be in a secular depression. Are you going to risk taking your gold wafers into town to barter?

Farmland is 10x the hedge that gold is and already there are accelerating sales all around me. Sub 2% interest rates with a huge dose of inflation tells me all these are going up, probably even commodities this time.

[biglentil]

https://youtu.be/oWOiryI_1ns

Fast forward to the 14 minute mark and watch. The commercial banks control the liquidity in the system not the fed. They have the bowling pins all set up and they can throw a guaranteed strike by tightening lending standards to all time highs.

[biglentil]

Banks are going to need to pull it off quick. Before the feds policy change to run inflation 🔥 next month. https://www.bnnbloomberg.ca/the-fed-is-setting-the-stage-for-a-major-policy-change-1.1466900

In a world of unsound money...

[Ache4Acres]

Why would banks want to crash the market? Doesn’t make sense.

Not much room for feds to lower rates Further. Just going massive money printing and buying stocks

[farming101]

Gold still a buy if you got in at the right place and don't mind the recent haircut

[biglentil]

Warren Buffett’s Berkshire Hathaway has taken a 20.9M share position in Barrick Gold, according to the most recently filed 13F.*https://www.sec.gov/Archives/edgar/data/1067983/000095012320009058/xslForm13F_X01/960.xml. The stock is up 7% after market on the news.

Will be interesting to see what this will do to the sector as a whole.

“Gold gets dug out of the ground in Africa, or some place. The we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.” — Warren Buffett