The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success

Stock Market Discussion, Chat About the Latest Market Action

Learn how to build wealth and win financial freedom the Fastlane way!

Say "NO" to mediocre living rife with jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence. Join more than 70,000 entrepreneurs who are making it happen.
Join for FREE Today
Get the books
Remove ads? Join Fastlane INSIDERS
(Registration removes this block)

MJ DeMarco

I followed the science; all I found was money.
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Jul 23, 2007
34,381
134,684
Utah
Markets down hard, looks like the markets haven't believed an ounce of the spin as another 40 year inflation high has been achieved.
 

socaldude

Platinum Contributor
FASTLANE INSIDER
Read Fastlane!
Read Unscripted!
Speedway Pass
Jan 10, 2012
2,008
4,480
San Diego, CA
Markets down hard, looks like the markets haven't believed an ounce of the spin as another 40 year inflation high has been achieved.

I’m a big silver collector and one of my favorite things to do when I am in Mexico is to buy some 1oz silver libertads that they sell in Banco Azteca.
They’ve had a moratorium on the sale of the coins for over a year now. That tells me they are long silver. And somehow inflation has peaked?
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

YanC

Bronze Contributor
Read Fastlane!
Read Unscripted!
Speedway Pass
Sep 18, 2017
174
456
31
France
I’m a big silver collector and one of my favorite things to do when I am in Mexico is to buy some 1oz silver libertads that they sell in Banco Azteca.
They’ve had a moratorium on the sale of the coins for over a year now. That tells me they are long silver. And somehow inflation has peaked?
I've been thinking about opening a long position in silver for the past few weeks. It may have a nice run to catch up with the valuation of gold. How would you do it besides buying physical silver (I already own physical gold) ? I'm used to selling puts the MJ way, or rather buying calls ?
 

Kak

Legendary Contributor
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Jan 23, 2011
8,387
37,307
Texas
I've been thinking about opening a long position in silver for the past few weeks. It may have a nice run to catch up with the valuation of gold. How would you do it besides buying physical silver (I already own physical gold) ? I'm used to selling puts the MJ way, or rather buying calls ?

As you undoubtedly already know, this is no substitute for owning the physical bullion, but…

You can buy SLV and even trade covered calls on it.

My biggest position is reserved for GLD and trade the wheel on it. I sell a lot of covered calls and cash secured puts. You could do the same with SLV.
 
Last edited:

Matt33

Bronze Contributor
Speedway Pass
Apr 14, 2013
66
262
25
FL
I've been thinking about opening a long position in silver for the past few weeks. It may have a nice run to catch up with the valuation of gold. How would you do it besides buying physical silver (I already own physical gold) ? I'm used to selling puts the MJ way, or rather buying calls ?

PSLV, physical bullion, or a swiss vault company like GoldAvenue.

Or, mining stocks. ETFs like SLVP, SIL, SILJ.

I like to diversify between all of these.
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

MJ DeMarco

I followed the science; all I found was money.
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Jul 23, 2007
34,381
134,684
Utah
Looks like it’s gonna be a rough day tomorrow, strap yourself in for the ride!
 

BD64

Silver Contributor
FASTLANE INSIDER
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Jul 26, 2017
383
827
25
Denver, CO
Wednesday is another big day, Fed comes out with another rate hike and hints at their future plans
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

EmotionEngine

Bronze Contributor
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Speedway Pass
Sep 15, 2020
109
193
United States
[Edit: ^ You beat me] :playful:


Wednesday/Thursday may lead to headaches. Expected rate hike with Fed meeting on June 15th.
 

loop101

Gold Contributor
Read Fastlane!
Read Unscripted!
Speedway Pass
Mar 3, 2013
1,155
1,935
No idea when this sell-off will end. I've read that due to "internet time", whatever happens might not take as long as it use to, so a 2 year bear-market might get compressed in to 1 year (and possibly less).
 

Andreas Thiel

Bronze Contributor
FASTLANE INSIDER
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Speedway Pass
Aug 27, 2018
452
462
41
Karlsruhe, Germany
schuldenkrise_2022.jpg
This is a topic that supposedly will be more prominent in the news, soon.

The short version: remember the EU debt crisis? What we see here are the yields of European treasury bonds (Greece, Spain, Italy and Germany). Basically things were okayish recently, because the European Central Bank has bought bonds under a "whatever it takes" policy, which they have announced they will no longer do (because they can't afford to).

Now yields are exploding. At these levels, given the level of debt of these countries, we are definitely looking at the start of the next debt crisis. The ECB would have to keep buying to keep yields in check, but then inflation would get worse which would also mean game over for the EU economy.

Not sure if there is actionable advice in there. I suppose one should not bet on the Euro right now.
I also think it makes sense to take a closer look at articles that cover anything the ECB says and does in the near future.
They will have to do ... something. WIll be interesting to see what they come up with.
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

YanC

Bronze Contributor
Read Fastlane!
Read Unscripted!
Speedway Pass
Sep 18, 2017
174
456
31
France
Not sure if there is actionable advice in there.
Borrow in EUR against cash-flowing assets. Gold. Stocks of companies that make money worldwide and have nothing to do with the government. USD and CHF outside of the EU juridiction and only the bare minimum in EUR. I once had a position in Chinese bonds but sold a while ago as I couldn't get around having money dependent on the CCP (they have been performing greatly though so far). These are my plays...
 

MJ DeMarco

I followed the science; all I found was money.
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Jul 23, 2007
34,381
134,684
Utah
Two-year yields reached 3.34%, the highest since December 2007, 5-year yields rose to 3.509%, the highest since July 2008, Benchmark 10-year yields hit 3.44%, the highest since April 2011.

Interesting, what was going on economically 2007-2008?
 

MJ DeMarco

I followed the science; all I found was money.
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Jul 23, 2007
34,381
134,684
Utah
Those of you waiting for housing prices to stabilize and perhaps decline will finally get their wish.


Question is, will prices stabilize, or start to go lower?

These types of rates will definitely thin out the buyers and create less of a stampede.
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

fastlane_dad

8 Figure Fastlane Graduate
FASTLANE INSIDER
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Speedway Pass
Jun 20, 2017
99
530
39
Scottsdale, AZ
Those of you waiting for housing prices to stabilize and perhaps decline will finally get their wish.


Question is, will prices stabilize, or start to go lower?

These types of rates will definitely thin out the buyers and create less of a stampede.
Some quick math is every 1% increase in interest rates drops the amount of home you can purchase by 10%. So a 3% or so increase drops the amount of home by 30%. You are now talking a considerably DIFFERENT type of home (smaller, not remodeled, missing a lot of amenities), or an entirely different neighborhood.

Given that 25% or so of recent buyers have been all cash - it will still remain to be seen which way the market heads.

All I know is that I havent seen THIS amount of inventory in MY and the SURROUNDING zip codes (3-4X the homes I saw at the low end months back) in Scottsdale in quite some time. And many more homes starting to show 'reductions' in price on the daily. Perhaps the top has been reached for a bit of time?
 

Andreas Thiel

Bronze Contributor
FASTLANE INSIDER
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Speedway Pass
Aug 27, 2018
452
462
41
Karlsruhe, Germany
View attachment 43964
This is a topic that supposedly will be more prominent in the news, soon.

The short version: remember the EU debt crisis? What we see here are the yields of European treasury bonds (Greece, Spain, Italy and Germany). Basically things were okayish recently, because the European Central Bank has bought bonds under a "whatever it takes" policy, which they have announced they will no longer do (because they can't afford to).

Now yields are exploding. At these levels, given the level of debt of these countries, we are definitely looking at the start of the next debt crisis. The ECB would have to keep buying to keep yields in check, but then inflation would get worse which would also mean game over for the EU economy.

Not sure if there is actionable advice in there. I suppose one should not bet on the Euro right now.
I also think it makes sense to take a closer look at articles that cover anything the ECB says and does in the near future.
They will have to do ... something. WIll be interesting to see what they come up with.
Apparently there is a "new anti-fragmentation instrument" ... ignore what I wrote - they got this :happy: .


Commentary I just read says that the market will try to call the bluff (the article mentioned Mike Shedlock of Sidka Capital Management as an example).

Some articles assume that it can only be a Eurobond:
Mike Shedlock doubts that this will happen: View: https://twitter.com/MishGEA/status/1538988091251183616

But IDK ... maybe the WAR means the spoilt Germans will just HAVE TO show some solidarity for a change.

Lagarde did not "want to reveal any details regarding the bond buying tool", so at least we know that it would be a bond buying tool.
 

srodrigo

Silver Contributor
Read Fastlane!
Read Unscripted!
Speedway Pass
Sep 11, 2018
551
713

thechosen1

Legendary Contributor
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Speedway Pass
Aug 25, 2020
2,829
6,009
USA
@MJ DeMarco @MoneyDoc @YanC I have shares in this company called Kenon Holdings (KEN) that just dropped by over 20% today due to a capital reduction distribution. Is this like a special dividend? Just wondering if y'all know what this means. I thought this was a great investment, but that 20% drop was...spicy!
 

MJ DeMarco

I followed the science; all I found was money.
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Jul 23, 2007
34,381
134,684
Utah
@MJ DeMarco @MoneyDoc @YanC I have shares in this company called Kenon Holdings (KEN) that just dropped by over 20% today due to a capital reduction distribution. Is this like a special dividend? Just wondering if y'all know what this means. I thought this was a great investment, but that 20% drop was...spicy!

You should get that reduction back in the form of a dividend added to your account, usually a few weeks later. If it is classified as a dividend, it will be a taxable event, although "capital reduction distribution" sounds like a Return of Capital, which means (as far as I remember) it isn't a taxable event. Bottomline, it results in a net neutral, a wash.
 

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

Latest Posts

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Must Read Books...

Explore books recommended by MJ DeMarco and other members of the Fastlane entrepreneurial community.
Fastlane Bookstore
Top