Good morning, everyone, and welcome to a new trading week! I am absolutely THRILLED at the corrupt-government-scheme rally going on in crypto right now, thanks to the utterly slimy David Sacks and his cadre. This provides the perfect backdrop, and by sheer chance (and a little skill) the only LONG position I took on Friday was an irresponsibly big stake in SLV, which is enjoying the asset lift:
I have already placed my order to sell 100% of it the moment the market opens.
As for equities in general, it’s all green on the screen, which is fantastic. This is just the countertrend bump I was hoping for, although little did I know that a laughable scheme to take the United States’ non-existent surplus and dump it into an incredibly risky asset would be the formula. Here is the /ES, and as you can see, it’s been nothing but chop for months now. Anyone buying equities now is setting themselves up for another disappointment.
I think we’ve got a TREMENDOUS week ahead, and I look forward to sharing it with you. I am pretty light right now – -ten bearish positions and 40% cash – – but I’ll keep you posted on my latest trading ideas and observations. Good luck out there. Oh, and as for Bitcoin. It’s done.
