š„ 75% OFF | Today Only
We could be in for a wild week ahead in markets.
It happened faster than even I expected. One day after I wrote that regional banks were on the edge, the facade finally started to crumble. Regional banks were down 10%+ on Thursday before rebounding Friday. But I donāt think the pain is close to being over:
The headlines called it āunease over credit quality.ā Thatās the kind of language people use when theyāre afraid to say whatās really happening. Iāve said it plainly for months: the rot isnāt isolated. Itās everywhere.
š„ 75% OFF | For this Sunday only, I wanted to extend a discount for anyone who subscribes for an annual plan. This 75% off sale ends will end after Sunday but the discount, if you take advantage of it, remains for as long as you wish to remain a QTRās Fringe Finance subscriber:
In my opinion regional banks were just one of ten parts of the market I wouldnāt go near right now. A few of those dominoes are already tipping. The others wonāt be far behind.
And while the banks were falling apart, gold continued doing what Iāve been predicting for years, moving more than $100 an oz. in a single session before correcting to end the week on Friday.
Back when I first made that call, people laughed. Now theyāre watching it happen.
And then thereās silver ā the canary in the monetary coal mine. Whatās happening there isnāt just a price move; itās a structural break. Spot is trading above futures, lease rates are spiking, and physical premiums are exploding. Thatās not speculation ā thatās stress. Itās what happens when paper promises finally meet real-world scarcity.
Hereās what else is new on the blog:
Housingās Deep Freeze: Existing Home Sales at 25-Year Lows
$4,000: Goldās Acceleration Reveals Vanishing Calm, Coming Change
QTRās Disclaimer: Please read my full legal disclaimer on my About page here. This post represents my opinions only. In addition, please understand I am an idiot and often get things wrong and lose money. I may own or transact in any names mentioned in this piece at any time without warning. Contributor posts and aggregated posts have been hand selected by me, have not been fact checked and are the opinions of their authors. They are either submitted to QTR by their author, reprinted under a Creative Commons license with my best effort to uphold what the license asks, or with the permission of the author.
This is not a recommendation to buy or sell any stocks or securities, just my opinions. I often lose money on positions I trade/invest in. I may add any name mentioned in this article and sell any name mentioned in this piece at any time, without further warning. None of this is a solicitation to buy or sell securities. I may or may not own names I write about and are watching. Sometimes Iām bullish without owning things, sometimes Iām bearish and do own things. Just assume my positions could be exactly the opposite of what you think they are just in case. If Iām long I could quickly be short and vice versa. I wonāt update my positions. All positions can change immediately as soon as I publish this, with or without notice and at any point I can be long, short or neutral on any position. You are on your own. Do not make decisions based on my blog. I exist on the fringe. If you see numbers and calculations of any sort, assume they are wrong and double check them. I failed Algebra in 8th grade and topped off my high school math accolades by getting a D- in remedial Calculus my senior year, before becoming an English major in college so I could bullshit my way through things easier.
The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I did my best to be honest about my disclosures but canāt guarantee I am right; I write these posts after a couple beers sometimes. I edit after my posts are published because Iām impatient and lazy, so if you see a typo, check back in a half hour. Also, I just straight up get shit wrong a lot. I mention it twice because itās that important.