October 31, 2024

 Gold down $50?
Nasdaq down 470?

This is NOT just “election volatility.”

I think big moves are getting started…

When you consider that, in the final analysis, market “values” are all about people getting in…and getting out…I find the two statistical headlines posted below quite interesting. I honestly do not EVER care what direction any market is going…All I try to do is make my “reads” (guesses) based on any number of diverse factors that sometimes do provide clues as to, putting it one way, “Where everybody is going to be wrong?”, because, in my opinion, that really is what the markets are all about. I know I beat this to death, but investing IS just a giant mob psychology game in which the “mob” inevitably gets it handed to them…AND IT MAY BE SIMPLISTIC, BUT THESE TWO DIAMETRICALLY OPPOSITE HEADLINES ARE FIGURATIVELY (AND ACTUALLY) EXAMPLES OF HOW, AT THE LOWS IN 2022, “EVERYBODY” FELT BETTER BEING OUT…AND NOW,WHEN WE ARE AT ALL TIME HIGHS, “EVERYBODY” WANTS TO BE IN.

And as I’ve been saying, that IS where I think the investing masses are today…LONG STOCKS, LONG CHIPS, LONG CRYPTO, LONG GOLD, LONG SILVER…AND I THINK THEY ARE ALL ABOUT TO GET HIT HARD…REGARDLESS OF HOW THE ELECTION TURNS OUT.

SELL THIS

SELL THIS – They ARE moving…This option price might be more by the time you read this…

And BUY this…

Call me…

Bill

770-425-7241

866-578-1001

All option prices in this newsletter include all fees and commissions. All charts, unless otherwise noted, are by Aspen Graphics and CRB.

The author of this piece currently trades for his own account and has a financial interest in the following derivative products mentioned within: Feeder Cattle, Treasury Bonds