(VIDEO) Dollar Hit AGAIN On More Bad Economic News, Gold/Silver Updates, MORE! By Gregory Mannarino
In the video below I go over how the US dollar death spiral accelerates, as more bad economic news continues drive it lower.
Also updates with regard to gold, silver, Crypto's, -dollar alternatives.
I also talk about how the Federal Reserve always gets it wrong, moreover, they have no models to use moving forward which means they will continue to miss their objectives, inflate bubbles, and create even greater distortions across the spectrum of asset classes.
Gregory Mannarino @marketreport
Whenever I buy silver, I always want to buy more than I do.
It's just fiat, trade it for something real!
Me too!!!! LOL My wallet holds me back!!!!
Get cash dish cash fast has been my gameplan if you know buy things that have real value with trash cash while you can before you be left holding a bag of trash.
Yea its easy to want to just get more and more.
The clown show just keeps on going. If stocks go up, my central bank increases. If stocks go down, my central bank increases. The Fed is simply a puppet on a string. Great video Greg!
Greg as you know since the creation of the fed in 1913 the dollar has devalued by about 96% I think. That doesn't leave a lot left they can't play this game forever. Cheers mike
Keep telling the truth brother.
nooo, down to 7 dollars is impossible!
Who would sell physical silver for $7? If silver went to $7 spot, the premium, for physical, would be $10.
Pray for it and buy if you can!
Nothing is impossible.
Well, for the very short term silver will be taking out the flash crash low that was set at $AM EST on Mon anyhoo. After that, anything is possible in a deflationary environment that will soon be obvious to one and all. There might be a flash crash in bitcoin though. So if you are a "long termer"...better remove those stop loss orders.
Thanx for the info Joe!!!
I have a buy on more bitcoin at $1500, $1250, $1000
ty
I have a blog where I am tracking bitcoin via teh U.S. exchange traded bitcoin tracker GBTC. If you wait for me to update that call at buy time you won't have to worry about keeping limits open that "might" get shot through like shit through a goose. there will be no buy in bitcoin over the weekend. That's for sure. Not with this chart setup on GBTC.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=gbtc&x=48&y=11&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
You can pull that chart back to the 3 month daily timeframe and you will see that as "actual" bitcoin traded through the pre-Memorial day weekend high (May 25th to be eggzact) and then moved to $3000, GBTC made a lower high. That proved to be a tell. And "actual" bitcoin has been following GBTC ever since. There is a chance GBTC will trade sub $160. If that happens you will go down at least 20% on a bitcoin buy at $1500.
I like that call of $1500 joe.
Hope to see that happen.
Hi bro, can you look at my userpage: @healthiswealth It says I have exceeded the bandwidth again and I am locked out again??
Steemit is beginning to Suck in a big fucking way!
This comes up when I try to use my wallet? Exceeded bandwidth, Please wait to transact or power up STEEM.
Its fucking bullshit there is no where to go or contact when STEEMIT is Fucking up?? piece of shit!
this is now the second time??????????????? fuck me?
Last time I was off for over three days?
Do you know of whom to contact?
Bad economic news is seen in tandem with more support from the fed. As long as the fed will back stop the market bad economic news will cause the market's to rise.
Market's will never provide good economic data as long as the fed is backstopping it with debt.
ie market's will continue to rise until the fed looses control of one of the aspects of the market which they are "managing"
Great video. Bad economic news and S&P is all time high. Silver up which I like a lot:) .
It is all true and thank you Greg for tell it like it really is
I think Yellen knows this is her last few months left as head of FED. She is ready to have the dollar go down because of what Trump is doing in Washington. They do not like Trump because he is for the people not the Banks. Silver is my investment of choice for the long run.
I agree with that statement. Silver is the investment of choice. Just when, when, when! I am tired of the manipulation and I am so ready for a change.
Seems like there is always bad economic news.
At least stocks went up.
Thanks for your analysis @marketreport
Very interesting times @marketreport. Great video as always.
As Mike Maloney has been saying for a long long time there is going to be a huge wealth transfer soon enough. If I am honest I don't know if I am looking forward to it or not, when the credit eventually goes, what on earth happens to the quality of life that we are all used to? Potentially scary stuff.
Troo dat. Gonna be nothing short of ASTOUNDING! what a well placed short bet in the IWM, SPY, or QQQ put options will acheive. $1000 for every $100 wagered imo.
That would be a very impressive return if things don't go too far. If they do go too far though then you won't want that paper crap, you won't want bitcoin, ethereum, steem, gold, silver, or second properties. You will want a can of baked beans. If the credit system falls over then food won't get to the supermarkets and then you are only 9 meals away from anarchy.
That is why I am a bit apprehensive awaiting the inevitable collapse.
I think you listen to Bitcoin bubble boy Dollar Vigilante too much. All it will do is bring things back to true pricing. Gasoline will be selling for lessthan 1.50/gal by Labor day. The cost of materials will come way down, the cost of labor will come way down. teh cost of everything will come down. If anything it will revive the entrepeneurial spirit in teh U.S. again. Hell, you will be able to walk away from your $25K in credit card debt because Capital One bank will be in bankruptcy and there's no way they will be able to come after you. Settle out for .20 on teh dolar with whatever collection agency calls you to collect. they bought it for .10 on the dollar. Nirvana simply becuase all of the Silly Con Valley jerkoffs who "think" they came up with some lame ass idea to replace the dollar are on teh streets selling apples. A "perfect" world if you ask me. And if not, who cares? I happen to like baked beans. Bush's original of course.
Well I hope you are right. But I don't think deflation will happen. If you look throughout history the trend reveals that we are more than likely going to get hyper-inflation as all the exported inflationary dollars come home to roost.
And dude Heinz are the best brand of beans. Lol.
OK, you sold me. I'll try some of them Heinz beans. Van Camps "used to be" great when I was a kid. Now they are Van Camp's soup n beans. :O
If you meant credit bubble in U.S. govmint debt instruments you are sadly mistaken. This is not a credit bubble. It's a rest area before a move to a new 52 week high.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=tlt&x=54&y=17&time=10&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
See that area to the right side of that chart for calendar year 2017? When price is moving higher it is considered an "uptrend." Don't EVER try and argue with the market...ever. Do you want to get your face ripped off? :O
The "almighty" dollah is next. It's been telling you of things to come for 5 years now. Now you understand why the gold and silver bugs are always crying and moaning. They are all eitehr too stupid, ignorant, or misinformed about how things happen in a "real" market. Wait'll this thing rocks your world! You will be "begging" Janet Yellen to QE4. Just like Peter Schiff will be.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=dxy&x=34&y=15&time=12&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
@joejustjoe
Are you an admitted pedophile? If you were joking, it was not funny and you should be arrested if it's true.
https://steemit.com/vixens/@joejustjoe/i-think-i-am-falling-in-luv-with-the-wrong-sexy-vixen-uvxy
Listen, go get a life. There are 10 pedophiles living within 20 blocks of you. Now get on it and report back to me after you have at least one of them arrested. Read the entire thread and go do something "useful" with your time. Nothing to see here.
It is really sad. You seem like such a bright person and I happen to agree with many of your financial opinions. Your humor is edgy and funny most of the time, but one should never cross certain lines just for "kicks". Karma is a bitch.
If you are older than 40 than every single one of your favorite bands are pedophiles. I suppose you think the song Stairway to Heaven sucks just because members of Led Zeppelin are "documented" pedophiles? Go tell it to the parents of those 13 year old girls that worshiped the "boys in the band." Pedophilia would be wiped off the face of the earth if parents only took the time to give a shit about the well being of their own children. And spekkin of "worship"...you can get started at your local houses of worship if you are that angry about pedophiles.
Hell, who knows as most of the people of this great country don't have a penny to their name and have a huge digital debt created through just that very same credit system. Does it mean you may have to dust off that old shotgun in the closet and actually have to use it? Beats me, and like you, I don't think I want to find out.