Remember: if the data is weak, it's the snow; if it's strong, it's the
recovery.
Listen to the MSM mantra of wash, rinse, repeat!
Met a friend for breakfast and he was lamenting how the markets are being manipulated by insiders. I tried to tell him a couple of things after I stopped chuckling. When I started talking about nanoseconds I lost him. Funny how people always say it is
impossible for someone to manipulate the market in less than half a second.
Most of America still thinks the stock markets are traded by humans!
After the eggs and hashbrowns he brought up gold prices as well. I told him gold is held by Western central banks for exactly the same reason
individuals ought to hold it: protection. Central banks are accumulating gold because it cannot get wiped out like fiat
currencies do.
I told him that people should be doing the same — not being sidetracked by the
distractions. It's not about the price today.
If you own gold, it will do the heavy lifting for you when the
time comes.
CEO, Parisian Family Office. Began Wall Street in '82. Founded investment firm, Native American Advisors, '95. White Earth Chippewa. Raised on reservations. Conservative. NYSE/FINRA arbitrator. Drexel Burnham alum. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from GHOST RANCH on the Yellowstone River in MT, TN farm, PAMELOT or CASA TULE', the family winter camp in Los Cabos, Mexico. Always been, will always be, an optimist.
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