Caveat Emptor: Based on my previous market performance you should not listen to a word I say, as I lost my ass big time in 2009…
However, I thought I’d share my thoughts after reading two months commentary in this group. I’m an old gold bug. Gold is and silver is real, it is honest… unlike the system crafted intentionally using complexity to ensure successful deception at Jekyll Island…which Im close to. I’m an old fart, that with some chump change was in the silver shake out and then run up of 74/5, and then caught most of the hunt brothers silver peak while in physical gold. Same in 2009/11 with physical.
In 2009 I had no idea about HFT, (High Frequency Trading Algorithms) and I had no idea of the extent of NSA surveillance, (Vault7 Wikileaks) nor the degree of active management and creation of false public perception, (google “CIA: THE MIGHTY WURLITZER”) nor was I mentally prepared to accept the fact that the enormous amount of data being collected was being used to feed AI, (Artificial Intelligence – a super computer), to ensure the continued profits and ensure control by and for the deep state, aka military industrial complex, aka guys that killed JFK, and are now after Trump..
I learned chess as a child and got pretty good at it thanks to the old men in the park… When I play chess with another man their ‘play’ has a unique character, always different, as no two humans are identical.
When computer chess began, I would also perceive the ‘character’ of the player, and it was unlike playing any human, I might describe the character as cold, hard, selfish, psychopathic, and ‘metallic’
When trading in 2009, while losing my ass, I recall realizing that the “character” of the opponent I was playing against… was NOT HUMAN, it was that same machine mentality I’d encountered playing chess programs… it too was ‘metallic’, cold, hard calculating……
With this in mind, you find that market actions will again make sense.
I once assumed there was a free financial market. It is not a free market. All that NSA data and “AI” is being used to keep the MIC, and it’s fiat USD$ afloat. All that data is why there has been no great stock market crash yet and why markets make no sense to those who assume and act on the basis there is a “free” market.
Those that don’t know this are like fish in a fish tank….who having been told to admire their own reflection.. then post selfies for all the other fish to see.