Friday, August 13, 2021

#Confidence Review #Gold #Silver #Bitcoin - Welcome to the Jungle

The old American idiom of a day late and dollar short is an phrase easily applied to majority's ability to time (buy or sell) US stocks. The majority, influenced more by instinctual behavioral tendency of the individual to seek acceptance of an emotionally-driven crowd than act independently in the minority, views rising and falling stocks prices as bullish and bearish. This tendency that drives them chase when probabilities favor fading relegates the majority as the consistent bag holders of history's panics and trend changes.

Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.”, John Templeton

Subscriber Comments

Gold ETF

10-Year ETF

Gold and the 10-year rebounded sharply today. I'm positive this left most investors scratching their heads. Why would gold, an asset most see highly correlated to inflation, rally with bonds? Bonds do poorly when inflation is ticking higher. Investors perceive inflation as a monetary phenomenon, but it's really confidence driven. I preach this over and over, because the computer establishes it over many decades.

So what happened today?

Please take the time to read this review. It could be the most important of 2021.

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