OTCQX:NTTHF - Post by User
Comment by
Theschnitzelon Sep 01, 2020 12:19pm
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Post# 31486832
RE:Who is Losing Their Shirts? Greektome, RuudinFrance
RE:Who is Losing Their Shirts? Greektome, RuudinFranceLong gold? Lol like when you were ranting in July how gold was crashing and you were short. You have to be the most insecure human i've ever seen
"My latest trade is I am short gold Dec. contract at 1850. It's at 1832 now. S&P 500 going up and up.
The reason gold is going down is several, because real rates are going up, election years gold goes down starting July, Fed balance sheet is shrinking, banks are now short gold, printing money run rate is down from 3 trillion to 1 trillion, 10 year treasury might shoot up to 1%, etc.
If I had to say the biggest reason of all it has to do with deflation. You have 50 million initial claims and still over 1 million per wek, that is massive deflation. Food prices are down 5.8% for example."