Still valid, GE will go bankrupt as Thomas Cook , Commerzbank etc., nobody will bail them out.
!!!Expecting a huge deflationary crisis!!
Keep your money out of the banking system.
Trade active
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Still active ;-)
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Trade is still active, we just entered a bear market that means the Greatest Depression will be announced in a few months time. It also means GE will keep crashing and may cause bankruptcy as previously mentioned. This chart confirms that:
Trade active
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wow... what a great call, still holding as the weekly chart got a new high, possibly going for a lower high in coming weeks? or this is just CEO pump before another major leg down?
Simon_says
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@CryptKeeper54, Thanks, we are in a very weird moment, the company probably does buy-backs of its own shares.
Both General Electic and Deutsche Bank will go down... close to zero, it's just a matter of time.
Please, check my other plots e.g. S&P500 that is valid since February.
ttk100
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this is all still valid. the big problems are still ahead but I would start buying ge now for very long time holding. what about the fundamentals? future dividends?
noam_chom
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Excellent chart - on both the GE collapse, ( and the comment reply to Long Gold in late 2018 )
Let's say my friend has an uncle that works at GE - Switzerland and told me how badly there are organized. HQ from the US required job cuts in Switzerland, but the upper management didn't even know which project is profitable or not, which project has got a future or generates losses, so they even struggled with that.
In the case of XAU and XAG, I have a lot of both in coins and bars. Moreover, I'm planning to invest more money into that as my prediction is: gold ~8500/oz and silver ~150/oz just need to wait ~5 years.
ajschmidt100
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@Simon_says, Do you consider ETF's for gold and silver to be reliable investments for precious metals or only in the form of coins and bars?
Simon_says
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@ajschmidt100, Thank you for your question, I believe we will expect huge deflationary crisis. There will be more companies going bankrupt i.e. WeWork ft.com/content/71b995e4-e5f7-11e9-9743-db5a370481bc Collapse of this company will cause property prices to go down.Moreover, please check share price of banks such as Deutsche Bank, Comerzbank, Royal Bank of Scotland and others, they will go bankrupt and money invested in paper ETF's will be lost. Price of the ETF may go up but who will pay you out the money when banks will go under the water. This crisis will be a bit different as there will be no bail out's!! There will be bail in's, which means bank will take your money to save itself. That's why I recommend investemnt in hard assets such as gold and silver.