Chief Economist & Global Strategist https://t.co/X35usGhhgW, Chairman https://t.co/ulhU3vptUb, Founder https://t.co/zB1vZlRBGh, Host https://t.co/XazFnrIREg, Best-selling Author
Sentiment timeline shows relative sentiment within this analyst's history. A perma-bull showing 8 bullish : 2 bearish in a bear market sets that as their baseline. If you notice any errors, claim @PeterSchiff to submit corrections.
Bitcoin rallied big yesterday. The catalyst seemed to be Strategy's latest Bitcoin buy and self-serving bullish comments from @Saylor that the failure to pass the Clarity Act is actually bullish for Bitcoin. I'm sure he'd have said the same thing had the Act been passed into law.
View original →@freemoneyjesse Gold is down, but it's not getting crushed. It's just another buying opportunity. Soon bond yields and gold prices will rise together.
View original →@freemoneyjesse Gold is down, but it's not getting crushed. It's just another buying opportunity. Soon bond yields and gold prices will rise together.
View original →@saylor So STRC is not really as good a product as the iPhone after all. Apple doesn't have to buy those back. I guess it's back to the drawing board.
View original →@saylor So STRC is not really as good a product as the iPhone after all. Apple doesn't have to buy those back. I guess it's back to the drawing board.
View original →@saylor What's your goal? Even if you push STRC back to $100 you won't be able to issue more. There clearly is not enough demand at the current 12% dividend. If you sell, the price would drop again and you'll have to resume buybacks. Just ending the buyback will cause the price to drop.
View original →@saylor What's your goal? Even if you push STRC back to $100 you won't be able to issue more. There clearly is not enough demand at the current 12% dividend. If you sell, the price would drop again and you'll have to resume buybacks. Just ending the buyback will cause the price to drop.
View original →@TaviCosta I've been pounding the table on this very issue for years. Investors, including mining company executives themselves, have been too bearish on future gold prices. Supply will not be there to meet soaring demand.
View original →@TaviCosta I've been pounding the table on this very issue for years. Investors, including mining company executives themselves, have been too bearish on future gold prices. Supply will not be there to meet soaring demand.
View original →Not sure what's behind today's sharp $MSTR rally, though I suspect short-covering has a lot to do with it. Nonetheless, I stand by my "death spiral" thesis, even if Strategy's life expectancy has been extended a bit by the temporary Bitcoin rally.
View original →"It won't be long before he's selling at lower prices again"
"I'm sure he'd [Michael Saylor] have said the same thing had the Act been passed into law"
"The higher the 10-year Treasury yield rises in anticipation of rate hikes, the less likely the Fed will hike. Even if it does hike 25 basis points, it'll be too little to reduce inflation. Plus, higher rates increase future budget deficits, raising both bond yields and inflation."
"For all of Warsh's tough talk about the Fed's newfound commitment to achieving the 2% inflation target it failed to hit under Powell, so far the Fed has done nothing differently with respect to interest rates or its balance sheet. It's business as usual."
"If the appeal of Bitcoin is its superior long-term performance, why should anyone keep HODLing it?"
"Saylor spent $54 billion over the past five years buying over 712K bitcoin at an average price of just over $76K. His total unrealized gain is less than 11%. Too bad he didn't buy gold!"
"It's going to be very frustrating and unfortunate for Bitcoin HODLers, who actually bought Bitcoin for the same reasons I bought gold and silver, to see all the economic forecasts we had in common come true, but to end up losing more money than people who did nothing to prepare."
"I remember when it took gold months, sometimes years, to move up that much. Now it happens in just a few days. Soon it will happen in just one day!"
"Despite record highs in gold and silver today, Canadian gold miners are barely up, as investors are too afraid of a big sell-off on Tuesday. That likely means tomorrow's metals rally could be even bigger than today's, with silver hitting $100 per ounce. Let's see what happens"
"Everyone expects Bitcoin to follow gold's lead and rally to new highs. But the market has given speculators way too much time to buy. What's far more likely is that Bitcoin's failure to match gold's gains undermines its narrative as digital gold, resulting in a spectacular crash"
