Markets and Commodities

[KinAlberta]

Insider selling.

Been an amazing near non-stop run-up from 2009

The stock market is signaling a 'severe' drop is imminent, says contrarian strategist - MarketWatch

But a “pretty severe” stock drop may have already started, if not a week or so away, warns our call of the day, from the True Contrarian blog and newsletter’s chief executive officer, Steven Jon Kaplan. He says there are plenty of signals flagging this if investors know where to look.

“What I notice the most is investors crowding into the stock market and making record inflows, while insiders have never been selling more heavily than they have done in November 2020,” Kaplan told MarketWatch in an interview and emails.


https://www.marketwatch.com/story/a-...st-11606824335

[CaptainJ]

Originally Posted by KinAlberta

Quite a few posts on bitcoin in this thread. That’s interesting because it’s a currency. Not a commodity, not a business. From day one buying bitcoin has always seemed closer to gambling than investing to me. (Like buying gold. Not that peolle haven’t got rich from either gold or gambling)

Found this:

I’ll politely disagree. Firstly, buffet is a specialist in companies, he is a buy an hold investor in companies. Doing foreign exchange or commodities purchasing isn’t his area of expertise.

Paul Tudor Jones is a better commodities and foreign exchange trader than Buffet. You don’t see PTJ giving advice on companies stocks, it’s just not his area of expertise. So why take commodities advice from someone who is an expert in companies?

If you overlay the bitcoin chart against the total asset purchases by the federal reserve, it clearly acts like a commodity. Regardless if we believe it’s a currency or a commodity, it’s too new to tell exactly, but it acts like a commodity.

Buffet = companies

Paul Tudor Jones
= commodities and forex
Stan Drunkenmiller


Sent from my iPhone using Tapatalk

[Zip-in-Z]

Good day, more green than red, the Loonie's up too, would like to see fly high again.

D.








Highest it's been for the past year.





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[KinAlberta]

Originally Posted by CaptainJ

I’ll politely disagree. Firstly, buffet is a specialist in companies, he is a buy an hold investor in companies. Doing foreign exchange or commodities purchasing isn’t his area of expertise.

Paul Tudor Jones is a better commodities and foreign exchange trader than Buffet. You don’t see PTJ giving advice on companies stocks, it’s just not his area of expertise. So why take commodities advice from someone who is an expert in companies?

If you overlay the bitcoin chart against the total asset purchases by the federal reserve, it clearly acts like a commodity. Regardless if we believe it’s a currency or a commodity, it’s too new to tell exactly, but it acts like a commodity.

Buffet = companies

Paul Tudor Jones
= commodities and forex
Stan Drunkenmiller


Sent from my iPhone using Tapatalk

Good points.

Also, I only casually follow what Paul Tudor Jones says. Maybe i should have been paying more attention to him. Drunkenmiller is often quite dramatic so I take what he says with a grain of salt.

Bitcoin rally is still only in 'first inning,' says Paul Tudor Jones

https://www.cnbc.com/2020/10/22/-pau...st-inning.html


A Legendary Hedge Fund Billionaire Just Flipped To Bitcoin—Calling It ‘Better’ Than Gold

https://www.forbes.com/sites/billyba...ter-than-gold/

[Austin]

Just tell them “Blue horseshoe loves Anacote Steel”

[bdub]

Many commodities have been rising in price by large amounts. Money supply is growing like crazy here and in the States, Europe. Get ready for some rates of inflation that we haven't seen for some time. Expected food costs to rise 6.5% this year worldwide. We are going to see increasing social unrest worldwide as a result imo.

[Dean2]

Originally Posted by bdub

Many commodities have been rising in price by large amounts. Money supply is growing like crazy here and in the States, Europe. Get ready for some rates of inflation that we haven't seen for some time. Expected food costs to rise 6.5% this year worldwide. We are going to see increasing social unrest worldwide as a result imo.

I think we are going to see significant price increases in a lot of areas. We track our grocery costs for our annual hunting trip and have been buying the same list of things for many years.The previous 4 years the prices had been relatively stable, some years up a bit, others flat. This year we bought the same items as last year and the same quantities, the cost of groceries was a full 30% higher than last years. I think grocery costs are just the tip of the iceberg, look what is happening to house prices in most any non-Alberta markets and especially Toronto and Vancouver, many are up between 10 and 30% over this time last year. Building materials are up 100% or more in many cases. Outside of some good sales on new cars I cannot think of a single thing that has gone down in price over the past 12 months.

If a guy is thinking of some larger purchases, might bbe wise to do them sooner than later.

[Dean2]

So here is a thread from 2 and a 1/2 years ago. Outside of investors losing over a Trillion dollars in Crypto, tell me what has really got better in owning Crypto.

[Jim Blake]

Crypto is an investment for gullible people. I was going to say fools but toned it down LOL.

I value my money too much to put it into a crap shoot like that. That's my opinion.

Flame away!!

[bdub]

Interesting looking back on these old posts and seeing how right or wrong a guy was with their calls at the time.