I think we are on the titanic. This ship will never sink who cares if there is no lifeboat for everytbody. The drop of 1000points was the iceberg. They told the music must continue, and they works hard to manipulate opinions of people. But it will go fast and it wont be immediately, even on the titanic the electricity stayed for a while even if everybody really understand that situation before that point. It will brings the collapse of the debt bubble, the end of all bubble.
The next breakout will push us to a market crash. If DJI goes to 25.5k and do a breakout downside, it will be very scary for the market.
Its like shorting BTC at 18.5k.
Never short a bubble, always long inverse bubble.
Inverse bubble right now are the VIX / Gold / Silver / precious metals miners.
Because you took the time to read that description, ill give you my favorite miner. Its TSX:WDO , Wesdome mining, this is the best junior gold miner during a collapse with my research. No debt, super growing earnings, own 3 of the best mines in Canada and are only in Canada, a safe juridiction when the everything bubble collapse. If it does, i dont want my mining company to be in third world country. Everything can happen (nationalisation, revolt, etc), so i dont like this.
@HamedKevin, my predictions must affect you a lot if you take the time to write a low iq comment like that. I have my trolls like Anil mangal , you need to have dedicated troll on your ideas or your your idea are not even worth a troll comment :peace:
chasells
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Thanks for putting that caution flag up. I know how people don't want to hear these type of messages and you had the courage to put it out there. All I know is that the pieces to build a watch are being laid out. I don't know when, but those pieces will come together at some point ...
sevensphere
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@chasells, hi ty for your comment. I think us10y is the key. When it went higher than 4% in 2008 the bank frozen. Like in Greece when yields spiked , they were not able to print to devalue fiat so they put restriction on withdraw etc. We have more debt now if the system crashed at 4% in 2008 it cannot stand 4% again. Like you said at dome point all will come together
chasells
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@sevensphere, Good point. Yes. I hear we are adding 7 trillion to 20 trillion just now. And as well as Greece (which I will do more research), I also look to Venezuela. Even though it was a dictatorship. But then again, is it so different here? Everyone just thinks they are free because we call it the 'land of the free.'