Re <<Currencies vs. Metals>>
If I had to wager, and I did and do, else a crime, metals should rise and dollar fall thus less-deserving currencies rise, over a 20-years period :0) indubitably so we do what we do, we fondle, count, polish, stack, canister, and stack canisters. I truly adore pandas, sincerely appreciate eagle, genuinely want koalas, really like maple leaves, and am in new love with springbok (especially the way the lady guide at the safari said the name)
Gold should pause, else behaving like Tesla only with wider participation, given that gold market is larger then. Tsla exchange, for now.
You are of course correct I pushback against my remark against macro being foundation of what we do
I am still struggling with the idea that all of Buffett’s toils over 20 years did not beat gold, a dead and barbaric metal. If he did not beat the metal, then what exactly is the point of ‘investing for the long term’. Is it as pointless as buying rental properties in California, to provide jobs and housing to folks who cannot, or worse, choose not to buy?
My answer then, logically, evolve to “the point of investing is to buy more gold”. Mathematically speaking, if gold triumphs over all not-gold, then gold is the end and be all, the rest just passing fancies, one-night stands, opportunistic flings, momentary infatuation. Maybe that is what the elders meant by “do not fall in love with a stock”
Speaking of which, DRD is soooooo locked around mortal combat of $15. The options are as broken as ever, or simply behaving as would and should, big wide come-hither bid / ask, loitering / stuck premiums, persistent to- / fro- around 15.
Just checked and see that I account for majority / vast majority of the outstanding issued puts and written calls for series strike 15 expiring August 21st and November 20th, and of series strike 17.5 calls expiring November. This was an accident I am sure.
No wonder as I had noted since a few months ago, that I felt there were some folks on the other side of the trading screen not making it easy for me. I thankfully and coincidentally do not care which side of 15 DRD lands on end-Friday. In DRD options at the money for this round ending Friday, I am the market, and Friday is payday.
If I had to guess, some of my DRDs shall be ripped from me, in which case I want them back. Should I get stuffed w/ DRDs, I should get rid of some. Dunno. Let’s see.
On TSLA this day I closed out the earlier bullish-bias trade and established I believe a safe bearish-angling wager. Let’s see what 24-hours bring, and if nothing, then 48.
It is all nuts, disease, burnings, race being a topic of election, trade / currency / tech / cold- wars, CoVid conflicts, vaccine nationalisms, cessation of too many schools, weaponisation of social media, social-media-izastion of press media, etc etc and no one seems to be watching the massive destruction of economies and regular folks previously shielded from global events.
Net long the market? Pass.
Net long gold? Absolutely.
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