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Got Silver?
Silver & Gold Looking Bullish While Banks And Real Estate, Not So Much...
The Daily Ninja 5/21/24
Updates From The Economic Ninja
(5/20/2024)
๐ฐ Silver is set up to be halted in trading when the price exceeds a certain dollar amount, showing the fear of the powers that be for the price to explode.
๐ Silver demand in China is driving up prices, with a deficit of worldwide above-ground silver reserves getting smaller and smaller.
๐ฐ China is responding to failing fiat currencies by printing as much as they can and buying precious metals, like silver, as a way to protect their wealth.
๐ The Ninja believes that silver will be the trade of the century, with potential gains that will outweigh what has been seen in Bitcoin markets.
๐ญ "I believe that there will be a day when 1 oz of silver will be worth as much as 1 oz of gold, regardless of the gold price."
๐ I believe that this is going to go exponential someday and to think that right now you could grab it for 35 bucks.
๐ The COMEX changed the rules to make it harder for people to take physical delivery of silver, similar to what happened with gold in the late 60s and early 70s.
๐ The Federal Reserve is manipulating interest rates to control the upward momentum of silver and gold.
(5/20/2024)
๐ฆ Influential figures like Barbara Corcoran are examples of how skewed the real estate market is and why the truth is being hidden.
๐ Despite high mortgage rates, waiting for interest rates to drop might actually cause home prices to go even higher.
๐ There are waves in the real estate market, some of them pretty big, and we're currently going through one larger than the great financial crisis.
๐บ Celebrity endorsements in real estate, like Barbara Corcoran, may not always reflect the true state of the market, as seen during the great financial crisis.
๐ฐ The real estate market is full of deceitful practices, but there's also a lot of money to be made if you know how to crush it.
๐ก Real estate investor offers a course on real estate cycles, claiming to teach people how to make money buying or selling in any cycle and maximize profits.
๐ "You're not being told the truth. You just go right onto the St Louis Fred and type in median home price chart."
๐ The real estate market's future growth is uncertain and lacks solid reasoning, creating potential risks for investors.
(5/20/2024)
๐ Gold can indicate the direction of the real estate market, making it a crucial indicator for investors.
๐ฐ They are watching their gold go up and the real estate numbers go down and this is exciting.
๐ฐ Michael Bur and John Paulson hit the jackpot when they called the housing crash, and now they're betting on gold.
๐ฐ Michael Burry, of The Big Short Fame, purchased about 441,000 units of physical gold trust, making it Scion's fifth largest position with a 7.4% waiting in the firm's 103 million.
๐ Bur and Paulson both bet against high-flying stocks and made profitable predictions, showing their ability to navigate market trends.
๐ฐ The prediction of stubborn inflation forcing the Federal Reserve to hike interest rates and investors to dump cash for gold is a bold and controversial prediction.
๐ Gold price may drop at the beginning of a rate increase, but it could ultimately trade back up as traders realize the situation is unsustainable.
๐ฐ "This is going to happen at the same time that real estate comes tanking down and so what you're going to see the trade of the century."
(5/20/2024)
๐ Home builder confidence falling more and more over the last year and a half.
๐ Homebuilder confidence plunges six points in May, suggesting unfavorable conditions for building in higher interest rate environment.
๐ Insider reveals that homebuilders are resorting to selling units to Black Rock at a 15% discount, raising questions about the state of the housing market.
๐ก Homebuilders are artificially inflating the housing market by putting "sold" signs on unsold houses and adding a sense of urgency.
๐ Homebuilders are having a very hard time selling homes due to overbuilding and high mortgage rates.
Exciting week ahead for real estate! Stay tuned for updates.
-Ninja Out