Regarding your Musk comments....I agree 100%. The man holds sway over millions. Whatever he says, they treat as gospel.
In early 2021 TSLA was targeting 50% compounded growth in deliveries with an eventual goal of 20 million. They repeated that goal over the next several quarters in their shareholder decks. Now, as you pointed out, we're told to forget that. Instead it's an AI/autonomous driving/robotics/energy company which will dominate those categories while printing unthinkable profits forever. The believers apparently believe.
Meanwhile, Chairman of the Board Denholm supposedly only holds 85,000 shares of TSLA stock after having sold over 1.4 million shares since 2021. TSLA social media cons make pathetic excuses for her obvious decision making process. If the sales are "pre-planned" that somehow makes it ok. You can't make up this stuff.
It looks like a big player dropped a huge number of paper contracts for gold and silver when New York was asleep and volumes were thin and also between London and Shanghai market open times to drive the prices down, trigger the stop losses, and buy large volumes at a lower price … some large banks that likely felt they needed to get into this market and had missed the upward moves
Sounds like you are one of the weak hands that got shaken. You locked in a loss. Physical gold is money not a religion. Everything else is just a derivative. Your faith in fiat currency is unfounded. It is headed to zero. If you keep your gold allocation to 10 percent then you will lose 90% of your wealth. At least you will be ahead of most people whose allocation is 0-1%.
I don’t equate gold with Tesla. Tesla is part of the AI malinvestment bubble.
Gold is a central bank reserve asset. It is the second largest reserve asset after the dollar. Gold is a barometer of systemic trust. Too high, too fast? Yes. A mini-correction. Silver is physically in short supply. Metal is moving from West to East. India re-monetized silver. The US racked up $1 trillion more in debt in 2 months.
The AI bubble is 4x the 2008 housing bubble. That bubble hurt everyone.
Regarding your Musk comments....I agree 100%. The man holds sway over millions. Whatever he says, they treat as gospel.
In early 2021 TSLA was targeting 50% compounded growth in deliveries with an eventual goal of 20 million. They repeated that goal over the next several quarters in their shareholder decks. Now, as you pointed out, we're told to forget that. Instead it's an AI/autonomous driving/robotics/energy company which will dominate those categories while printing unthinkable profits forever. The believers apparently believe.
Meanwhile, Chairman of the Board Denholm supposedly only holds 85,000 shares of TSLA stock after having sold over 1.4 million shares since 2021. TSLA social media cons make pathetic excuses for her obvious decision making process. If the sales are "pre-planned" that somehow makes it ok. You can't make up this stuff.
It looks like a big player dropped a huge number of paper contracts for gold and silver when New York was asleep and volumes were thin and also between London and Shanghai market open times to drive the prices down, trigger the stop losses, and buy large volumes at a lower price … some large banks that likely felt they needed to get into this market and had missed the upward moves
Sounds like you are one of the weak hands that got shaken. You locked in a loss. Physical gold is money not a religion. Everything else is just a derivative. Your faith in fiat currency is unfounded. It is headed to zero. If you keep your gold allocation to 10 percent then you will lose 90% of your wealth. At least you will be ahead of most people whose allocation is 0-1%.
I don’t equate gold with Tesla. Tesla is part of the AI malinvestment bubble.
Gold is a central bank reserve asset. It is the second largest reserve asset after the dollar. Gold is a barometer of systemic trust. Too high, too fast? Yes. A mini-correction. Silver is physically in short supply. Metal is moving from West to East. India re-monetized silver. The US racked up $1 trillion more in debt in 2 months.
The AI bubble is 4x the 2008 housing bubble. That bubble hurt everyone.
Sure take profits. I bought the weakness.