Post by
merlin991 on Mar 04, 2021 2:22pm
Stock steam hissing...
Powell didn't help today. I think stock market lets out excess steam. The Fed wants a mini blood letting to avoid a large crash later. Everything will go down in short term. Gold and PM will start climb again shortly after.
Don't panic and sell any of your shares. If you have cash buy more or sell weaker plays and further add to your position here. Strong plays like K92 will lead the way back just like March/April.
That's my take but do your own DD.
Comment by
ITSTHELAW on Mar 04, 2021 2:31pm
If you a a long term investor in this stock, you don't need to worry about the day to day fluctuations. The stock market is clearly overvalued and a correction was/is inevitable. The stock market will recover along with gold and KNT. If you are selling now, you are missing a real opprotunity. JMO!
Comment by
ITSTHELAW on Mar 04, 2021 2:44pm
And Merlin, no disrespect but from the red across spread across the markets, I think it is rather obvious Powell's comments did not help today but the Fed isn't really in the business of causing mini crashes to avoid larger crashes! Again, JMO!
Comment by
ITSTHELAW on Mar 04, 2021 2:52pm
This all short term noise imo. Too much liquidity out there (caused by the fed) and once the economy starts to recover, watch out! Going to be a lot of ups and downs for sure. Great time for day traders.
Comment by
merlin991 on Mar 04, 2021 2:55pm
in fact... as we see in real time the bigger golds are already rising. The miners are making tons of cash. It is a risk off situation. Let's see how it proceeds.
Comment by
ITSTHELAW on Mar 04, 2021 3:28pm
Merlin, who are you to speak for the fed or their intentions, you should state these are your opinions because I really don't think you know sht about their intentions! You post this sht as though it were fact! Thought you seemed to know what you are talking about but see you are full of yourself! Lol. You should be on cnbc and bnn giving analysis! Again lol!!
Comment by
ITSTHELAW on Mar 04, 2021 3:30pm
Again, not going to waste anymore time on your bllsht! Good luck!
Comment by
ITSTHELAW on Mar 04, 2021 3:35pm
As more people get vaccinated and covid gets under control, this market is going to soar. Too much liquidity out there and then there is going to be an even bigger bubble! Jmo!
Comment by
ITSTHELAW on Mar 04, 2021 4:13pm
Another bubble unless yields start to normalize. Historically low yields is the problem and how to balance that with the in debt economy is the problem they gave navigate imo.
Comment by
merlin991 on Mar 04, 2021 5:19pm
Boy. Steam is hissing all right. Calm down
Comment by
ITSTHELAW on Mar 04, 2021 5:34pm
Last post on this, most of your post's are to hold on to your knt shares (and you have made millions for you and many followers) well you are only reguritating what I have been posting for a few years now! Short term noise aside!
Comment by
merlin991 on Mar 04, 2021 5:41pm
There is no ownership on information. There is no race for who says it and when. Please put me on ignore. You are too touchy. Try meditation and mindfulness. Peace.....
Comment by
merlin991 on Mar 05, 2021 8:09am
Thanks for the article BB. I try to read material in a wide range. It pays to be informed. Lyn Alden George Gammon are a couple of favourites. Gold appears to be bottoming but it doesn't matter if it goes down more. The trend remains
Comment by
merlin991 on Mar 05, 2021 10:26am
..a gift... And not shift
Comment by
BlindBoy on Mar 05, 2021 12:07pm
Interesting ... perhaps I could have benefited from a bit of that spectrum :) Since I retired 15 years ago, my memory cells went into strike mode, only making flashing random reappearances at moments of their own choosing :) At least we're now in the computer age, where storage by hard drives can provide assistance :)