Gold Just Hit An ATH... What's Next?

Gold Up, Silver Up, DOW Up, Jack Black Gets Cancelled, High End Retailers Falling Apart Is An Ominous Sign, And Mortgage Rates Continue To Fall...

The Daily Ninja 7/17/24

Updates From The Economic Ninja

(7/16/2024)

  • ๐Ÿ“ˆ Gold hitting an all-time high at over $2,460, despite the Dow Jones blowing up by 700 points.

  • ๐Ÿ“ˆ Gold jumps to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for Bullion.

  • ๐Ÿ“‰ "Every time the FED starts to lower rates, we move into a recession okay."

  • ๐Ÿ“ˆ Pivoting from physically holding precious metals to leverage into another asset class can lead to success and wealth.

  • ๐Ÿ“‰ The price of gold dropped as a result of deleveraging in the stock market, causing many people to sell their gold and miss out on a later price increase.

  • ๐Ÿ“ˆ Buying gold in January compared to the stock market has blown it away on a percentage gain, proving its value as an investment.

  • ๐Ÿ˜Œ It's crucial to observe and learn from others who have been right in the past when it comes to trading decisions.

  • ๐Ÿ“ˆ "You are going to see much higher days in the future but they're going to come during very very hard economic times."

(7/16/2024)

  • ๐Ÿšซ Jack Black cancels Australian tour after bandmate wishes Trump dead amid outrage and calls for deportation.

  • ๐ŸŒŽ The movement outside of America is about to destroy Tenacious D's career as a band.

  • ๐ŸŽค Jack Black's decision to put future creative plans on hold due to fear of backlash for his political opinions reflects the pressure on celebrities to conform to public expectations.

  • ๐Ÿ‘€ Australians were outraged at Tenacious D's comment, with Senator Ralph Babbit demanding that the pair be deported.

  • ๐Ÿ”ฅ Babbit is calling for the deportation of Tenacious D, linking their presence in Australia to an endorsement of the shooting and attempted assassination of Donald J Trump.

  • ๐ŸŽญ Hollywood Elites are called out for their overpaid and woke behavior, with suspicions of criminal activities and pedophilia.

(7/16/2024)

  • ๐ŸŒ The economy and politics are about to undergo shocking changes in the next few months, according to the speaker's predictions.

  • ๐Ÿ˜ก "We are spending our hard-earned tax dollars to fund a war in Ukraine instead of helping our own country's issues like homelessness and veterans."

  • ๐Ÿ”„ Many people fail to understand the potential for rapid change and downturns in the economy, leading to a false sense of security.

  • ๐Ÿ’ฐ Politicians are fed lies and money from corporations, causing them to lose track of reality and the needs of the people they represent.

  • ๐Ÿ”ฎ This is a signpost of what's coming and if you're ready for this you're going to go charge the mound and absolutely crush it.

  • ๐Ÿ“‰ High-end retailers like Hugo Boss and Rolex are collapsing, similar to what happened in 2006-2007, indicating a potential economic downturn.

  • ๐Ÿคฅ Former Fed chair Bernacki was 100% wrong about the mortgage crisis, yet still received millions in speaking fees, raising questions about the integrity of economic experts.

  • ๐Ÿ“‰ The value of gold, silver, and Bitcoin is increasing due to the declining value of the dollar, making them more attractive investments.

(7/16/2024)

  • ๐Ÿก Understanding the changes in mortgage rates and pivoting to do something different can help you make a lot of money in real estate.

  • ๐Ÿ’ฐ Mortgage rates have started to fall to levels low enough that buyers might want to start watching and making plans.

  • ๐Ÿ’ณ Negotiating mortgage rates is crucial, as different lenders may offer significantly different terms and fees.

  • ๐Ÿ  People get excited about lower rates, but brokers may use this to upsell and offer even lower rates at a cost.

  • ๐Ÿ  "There's never a bad time to buy a house as long as you're buying a house for yourself and you're going to be there for a long time."

  • ๐Ÿ’ณ Rates will only fall in a real term when things are really bad, so be prepared with a good credit score and thick credit file.

  • ๐Ÿ  Saving money right now is just as good as making money, and with the right knowledge, you can start buying property after property during this downturn.

Keep Crushing It!

-Ninja Out

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