OTCQX:NTTHF - Post by User
Comment by
LithiumNPVon Sep 01, 2020 12:42pm
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Post# 31486983
RE:RE:RE:Who is Losing Their Shirts? Greektome, RuudinFrance
RE:RE:RE:Who is Losing Their Shirts? Greektome, RuudinFranceLithiumNPV wrote: Theschnitzel wrote: Long 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."
I've totally changed my view on gold. The real rate is going down it is the lowest in history at -1.10%. I've been long since 1869 and switched over the Northern Dynasty. I am making a a killing today. Check the precies.
I keep making money so I can handle my detractors.