jesse has documented a strong case that the stock markets in general are ready to crash
for a lot of reasons. further proof of this is that buffett has the largest cash position
in his entire 70 year career. he has $368 billion in cash!!!! the few stocks he has left
includes apple, amex, BoA, coke (his "forever" stock) occidental, chevron, and kraft.!you can see he does believe in hyrdocarbons (there are no "fossil fuels" for god's sake!) and not solar/wind
nonsense.
just hold your gold and silver and buy more if you can afford it. be patient! relax. be right
and hold tight. never trade. buy and hold just like buffett did all his life. all the sheeple are
Thanks, Roger! Yes, I believe Buffett was prescient and prudent for reducing his exposure to this wildly inflated market, and it will all make sense soon.
Interestingly, it looks to be a repeat of yesterday's performance! I.e., a sharp move lower in the morning as gold and silver test their key support levels of $3,200 and $32, and then a bounce and closer higher, which further reinforces what I said in this piece.
But I'd ideally like to see gold futures rise back above $3,200 and close there by the end of trading today. We'll see.
So it crept over $3200, but many now saying more down side down to $2900 as stock market is doing well. Though I get everything bubble will pop but seems in my non expert view now soon.
The only way that your financial advisor will be right about gold is if the world suddenly pays down much of its debt, stops printing money, and becomes genuinely fiscally responsible—while I'd like to see that, I'm taking the exact opposite bet.
Thanks Jessie as always. I’m looking forward to see what Asia does Sunday evening with regards to the moodys downgrade in US credit rating. And a lower gold price. So I’m hoping we see some good volume buying in SHFE.
I wait for the close of trading to make any judgements and, as of now, both gold and silver are acting similarly to yesterday (initial sell-off, test of support, and rebound). I'm not worried at all.
There is a battle at gold's $3,200 support and silver's $32 support. You can see the games that are being played there. I'm just watching and waiting to see how it resolves.
Agree
jesse has documented a strong case that the stock markets in general are ready to crash
for a lot of reasons. further proof of this is that buffett has the largest cash position
in his entire 70 year career. he has $368 billion in cash!!!! the few stocks he has left
includes apple, amex, BoA, coke (his "forever" stock) occidental, chevron, and kraft.!you can see he does believe in hyrdocarbons (there are no "fossil fuels" for god's sake!) and not solar/wind
nonsense.
just hold your gold and silver and buy more if you can afford it. be patient! relax. be right
and hold tight. never trade. buy and hold just like buffett did all his life. all the sheeple are
going to go bankrupt, but we aren't.
Thanks, Roger! Yes, I believe Buffett was prescient and prudent for reducing his exposure to this wildly inflated market, and it will all make sense soon.
I also noted that Au + AG were mostly the same i % ups and down..lately...?
Yes, they seem to be making similar % moves lately, but I'm not sure what it means. We'll keep an eye on it.
Thanks Jesse, appreciate the analysis here. Keeping a close eye on your posts and this market!
Thanks, Chris!
Jesse -- what do we say today. The same push lower??
Interestingly, it looks to be a repeat of yesterday's performance! I.e., a sharp move lower in the morning as gold and silver test their key support levels of $3,200 and $32, and then a bounce and closer higher, which further reinforces what I said in this piece.
But I'd ideally like to see gold futures rise back above $3,200 and close there by the end of trading today. We'll see.
So it crept over $3200, but many now saying more down side down to $2900 as stock market is doing well. Though I get everything bubble will pop but seems in my non expert view now soon.
Going to have to. Sit and wait it out now
Agreed Jesse.
Once 64 GSR is hit H2/2025, the targets of 55 and 40:1 could come Into play in 2026.
This will shock most people as Silver could hit Triple digits in 2026 IE: Gold $4,000 and Silver $100.
Time as ever will tell, but long suffering SilverStackers will probably be rewarded as SPX collapsed.
Lowercosta.com
Yes, it will be glorious to see silver come into its own!
Hope your right, got a lot riding on gold, I would hate to look back and say my financial advisor was right
I also have a lot riding on gold and have done very well with it.
Regardless of the short-term fluctuations, I am highly bullish on gold in the long-term and see it hitting $15,000+.
To learn more, I recommend reading my bullish gold thesis report:
https://thebubblebubble.substack.com/p/a-deep-dive-into-the-long-term-bullish
The only way that your financial advisor will be right about gold is if the world suddenly pays down much of its debt, stops printing money, and becomes genuinely fiscally responsible—while I'd like to see that, I'm taking the exact opposite bet.
Thanks for the replys, I do believe your right for what it's worth, oh to have a Crystal ball. I should stop watching 🫨
hi jesse,
i don't know how else to reach you. the last time i got a newsletter
was may 15. it is june 1. is everything all right?
thanks, roger mason
Thanks Jessie as always. I’m looking forward to see what Asia does Sunday evening with regards to the moodys downgrade in US credit rating. And a lower gold price. So I’m hoping we see some good volume buying in SHFE.
Thank you Jesse for wonderful encouragement. Very best wishes, Richard
Not too many gamblers to take the short side on silver...
But strange, that ..Central banks should take profits as a reason for a smack...
especially on a friday....shit could happen over the week end...
but maybe they are saving the interest on their shorts...2 days with no action but only expense..?
Its broken down again. Getting a horrable feeling my financial advisor was right
I wait for the close of trading to make any judgements and, as of now, both gold and silver are acting similarly to yesterday (initial sell-off, test of support, and rebound). I'm not worried at all.
There is a real battle going on between sellers and buyers. . . . . I can't say anyone really knows do they?
There is a battle at gold's $3,200 support and silver's $32 support. You can see the games that are being played there. I'm just watching and waiting to see how it resolves.