Volatility Alert (VIX)

[errolanderson]

Gold taking-a-beating from deflationary wave. China buying slows.

Is this a healthy correction or prolonged precious metal selloff?

[shtferbrains]

There is no timeline on the bottom?
Is that today?

[errolanderson]

Classic commodity movement . . . Steps up, elevator ride down.

For what it’s worth . . . once elevator ride stops, classic rebound is 50 to 66% of the fall. Question is; where’s the bottom?

The only gut feel is; both gold and silver are now both on a lower overall trading range (IMO) . . .

[errolanderson]

Silver pile-driven, down 7% quickly.

[sumdumguy]

Still $29.27

[hobbyfrmr]

Gold, Silver and Bitcoin have no top because fiat has no bottom. Canada has 1.2 trillion dollars debt, mathematically impossible to repay. They HAVE to print money to cash flow the interest on the debt.
We are on our own.

[shtferbrains]

The federal government will spend $46.5 billion on debt servicing this year.

The projected deficit for this years budget is $40 billion. Probably optimistic or an outright lie.

Is that not about the same as using your credit card to pay the interest on your operating loan?

[hobbyfrmr]

Brains,

Yes, without air miles, Avion points, Air Canada lounge access etc. They steal that right in front of our eyes and laugh.
$200,000 for Airplane food on one trip of 6 days. National Post article.
The federal Lieberals are stealing as much as they can before its all gone.
It is disgustingly fascinating.

Scotiabank, BMO and CIBC are buying spot Bitcoin ETF’s for their own balance sheets, front running their customers.

[errolanderson]

Fed beginning to panic?

Now talk of multi rate cuts stateside after telling the world all is rosy with their economy. Once rate cuts begin, stock market correction begins (IMO).

Dow Jones falling tops, exhausting (my view). Crypto fallout leading the way . . . .

errolanderson.substack.com

[AlbertaFarmer5]

Errol, do you have a chart indicating the correlation between interest rate and stock markets? As long as I can remember the prevailing wisdom has been the stock market going up on rate cuts and down on rate increases. At least in the short term.

[errolanderson]

Realize what I’m suggesting is contrary to convention market thinking.

Rates cut, stock market goes up. That is about to change.

The equity market is now so stretched that a Fed rate cut could trigger realization that the U.S. is indeed in-recession. An investor race for the exit door. (IMO).

I can see this clear as day . . . Market bubbles have already begun popping one-by-one. Central banker policy can no longer manipulate to save.

AUGUST FEEDER CATTLE: Flash crash cattle board today on box beef fallout.

[errolanderson]

The bear has clearly gained-a-grip on global commodity markets. Buying opportunities ahead, just not yet (IMO).

Collapse in U.S. commercial real estate breathtaking now only 15 to 20 cents on-the-dollar. More downside ahead as the 3rd buyer must step-in. This collapse will undoubtably spread through the economy.

Central banker priorities totally misjudged (IMO). Panicked rate cuts ahead. This opinion not shared by the mainstream.

Stock market a different show, totally unrelated to the economy. Crypto shock in-progress as values decline.

Cash remains king, a dreaded statement by those in-the-know.

But if you can write a cheque, money talks, discounts galore . . . .

errolanderson.substack.com

[sumdumguy]

Gold taking-a-beating from deflationary wave. China buying slows.

Is this a healthy correction or prolonged precious metal selloff?

Big Beating: 2410 to 2330?

[Old Cowzilla]

Market optimistic that Joe will be replaced soon.

[errolanderson]

The embattled global wheat market finally looks like a potential buy . . . but have equities entered Day 1 of a prolonged bear market? NASDAQ swoon . . . . Interesting market times straight ahead.

Another Bank of Canada 1/4% rate cut likely on July 24th . . . .