Remember: if the data is weak, it's the snow; if it's strong, it's the
recovery.
Listen to the MSM mantra of wash, rinse, repeat!
Met a friend for breakfast and he was lamenting how the markets are being manipulated by insiders. I tried to tell him a couple of things after I stopped chuckling. When I started talking about nanoseconds I lost him. Funny how people always say it is
impossible for someone to manipulate the market in less than half a second.
Most of America still thinks the stock markets are traded by humans!
After the eggs and hashbrowns he brought up gold prices as well. I told him gold is held by Western central banks for exactly the same reason
individuals ought to hold it: protection. Central banks are accumulating gold because it cannot get wiped out like fiat
currencies do.
I told him that people should be doing the same — not being sidetracked by the
distractions. It's not about the price today.
If you own gold, it will do the heavy lifting for you when the
time comes.
Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., now managing the Parisian Family Office. A White Earth Chippewa, raised conservative, he began a Wall Street career in 1982, met game changer William O'Neil in 1984. Always been, will always be, an optimist. In a world on a dopamine, hypomanic binge, this is his take on life well lived at Ghost Ranch in MT or Pamelot, their TN farm.
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