You didn't fall for those lies about falling interest rates did you?
At this point, it's 2024.
We know for a fact that Wall Street banks are not here to help you or tell you the truth. That's not the business they're in.
The Financial Media has never been in the business of telling you the truth, so that's nothing new.
But the fact that they've been telling you all year that interest rates are going lower is hilarious.
None of these groups of people are here to help you. They're only here to help themselves.
And that's fine. There's nothing wrong with a Bank trying to profit for their shareholders. Just like there's nothing wrong with a media business trying to profit for their respective parent companies.
Profits are good.
Just don't think for one second that they're going to put your needs ahead of theirs lol.
Gold just went out at a new all-time high. That's over $2250 for an ounce of Gold. The most ever.
And it shouldn't be that surprising really. Gold has already been making all-time highs priced in other currencies like Euro, Pounds, Yen and Rupee, among many others.
Now Gold is making new all-time highs priced in US Dollars as well.
Notice how Gold and Copper don't move in different directions for too long historically.
This isn't just a Gold thing. This is a metals thing.
There is a time and a place for everything in this market.
One of the more fascinating groups of stocks for me right now (and always for that matter) is when a stock has a very high short interest, and is making new highs.
You see, here's what many people fail to remember:
Short sellers are promising to be buyers in the future. Shareholders are only promising to be sellers.
And so what that means to us is that the more short sellers there are in a given stock, the more investors there are promising to buy the stock in the future.
In their view, they would ideally like to buy these stocks back at lower prices (for a profit).
But what happens instead, in many cases, is that they are forced to cover at much higher prices (for massive losses).