rjchilia123

rjchilia123

Amazing we have over 25% M2 money supply growth last year (which will be inflation) and now no one will know what M2 is because the fed is no longer reporting it. This market must have hit a whole new level of rigging. Just wait $200 Gold on the way but gas will be $20 a gallon.

rjchilia123

I think October maybe a bit soon. Shareholders should demand corporations protect the purchasing power of their balance sheets 10% bitcoin and maybe for reducing volatility 20% Silver, 20% Gold, and 50% in liquid cash. Unfortunately, with this environment of stimulus checks government is creating a scenario where the poor and middle class will be destroyed and the...

rjchilia123

Any weakness is a buying opportunity

rjchilia123 Updated 

So metals are the only thing going down recently despite the fact that they have the best fundamentals. I mean they want you to believe that despite the biggest increase ever in M2 money supply which is inflation, Silver is down 60% from the highs. Biden and socialist congress have countless inflationary programs coming. How can the best inflation hedges...

rjchilia123

Futures are down on the news Trump tested positive for covid. This feels like a good buying opportunity because Trump getting covid has almost nothing to do with the market. Gold and silver are up for the safety bid and 10 year yield is falling which means cash into safety. Stocks could get hit short term but should set up a buying opportunity. The swing trades I...

rjchilia123

As you all have known this correction is about over we got a inverse head and shoulders. I have been correctly bullish that this was just correction on the road to record highs. 10 year yield up, this means cash leaving bonds and going into stocks. We have the dollar breaking down again just as expected, I said back at dxy 92ish there would be a counter trend...

rjchilia123

I think dxy is near a top of this bear market rally. Bearish divergences, starting to break down, MACD hourly bear cross, and if we close the day below 94.31 this would be a bearish engulfing candle in which case we would likely go back up and make a lower high below 94.74. Remember when dxy was 92ish I foresaw a counter trend rally to 94-95ish, but now I can see...

rjchilia123

Look regardless even it in break down lower that is just an even better buying opportunity. But we are oversold with bullish divergences on short term charts. Because Silver/Gold/miners are making such big moves to the upside, they draw in a lot of momentum money which makes them more volatile in both directions. Look at dxy I remember when it was at 92ish I was...

rjchilia123

So as you know I have remained of the opinion that the market bullish but we were due for a correction and we got one. Looking around ponder what the market will do going forward I came across an article that the Nasdaq and Chinese stocks have a record number of short selling. Second highest since July 2006 for Nasdaq, highest for China stocks. Here is article...

rjchilia123

Gold looks close to either breaking out or breaking down. In my opinion it will likely break much higher in this environment, it’s going up despite the attempts at manipulation. Of course when they manipulate you know what I’m gonna do, smile and buy more for cheaper. Because eventually it will go to fair value and if you adjust gold price to global money supply...

rjchilia123 Updated 

As I explained in the last update before the fed meeting we would get a promise of more inflation and zero rates to infinity. I also mentioned that we were overbought on the hourly charts and that we could likely see some more volatility September/October. The primary trend on the dollar (dxy) is lower, it will be difficult for stocks to fall substantially with a...

rjchilia123

I am very curious if anyone out here is dumb enough buy 30 year treasury bonds or even 10 year and hold them till maturity. If anyone out here is buying these bonds they should probably check themselves into their local insane asylum.

rjchilia123

The markets have reversed from bearish and broken bullish, just as I said in my past posts. So we have the fed meeting today and I expect the fed to pump more inflation into this market especially with the recent dip in markets. With that being said we could see a bit more volatility into September/October. Keep in mind we are on the overbought side on the hourly...

rjchilia123

As you can see we are holding onto that uptrend support. Look at a weekly chart this market has gone straight up since March so we were due for a dip. This dip is a great opportunity to get in on some swing trades to the long side, more record on the way. Keep in mind, September and October can volatile months but they will be nice buying opportunities. I closed...

rjchilia123

I opened a starter swing long position on Apple and Facebook this morning I will look for a dip soon depending on the size of the dip will tell us if the market correction has bottomed. Remember the primary trend is to the long side. I am prepared to lower my cost basis on a dip. I put a 60% probability that we have bottomed and 40% probability that we will make...

rjchilia123 Updated 

In the short term I expect a test of the bullish breakout. The dollar is oversold on the weekly chart as I stated weeks ago a move up to 94/95ish should set us up for another leg down into the 80s.

rjchilia123

Sideways consolidation underway, any downside on metals especially Silver is an opportunity to add to physical positions. Miners, my favorites are AEM Agnico Eagle Mines, Ag First Majestic Silver, and Impact Silver ISVLF. Gdxj and silj are also currently good deals, and the entire sector is in a massive bull market. I am going to go in depth as to the specific...

rjchilia123

Fed promised more inflation, more qe, etc. Could we see more in the short term downside, yes. The primary trend will be up in this market. I don’t think we have seen a bottom yet on this pullback but in my view this should set us up for record highs and more pe multiple expansion. I believe the best way to play it long term is foreign stocks and metals. Nasdaq is...