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The Long Investor
Why are we still at Fear while the market is so close to its ATH?
The difference is likely down to the number of companies at their 52 Week low, compared to the number of companies at their 52 Week high......if more are at their low, its labeled as extreme fear, which is where we are at now.
So again, we are seeing the stronger players in the S&P 500 holding up the market.
$AMZN, $GOOG and $NVDA doing a lot of the heavy lifting while $MSFT stays steady.
Not good news for those who have been adding stocks outside of the Mega Caps, who are likely struggling and have suffered a difficult earnings season with wild swings.
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Why are we still at Fear while the market is so close to its ATH?
The difference is likely down to the number of companies at their 52 Week low, compared to the number of companies at their 52 Week high......if more are at their low, its labeled as extreme fear, which is where we are at now.
So again, we are seeing the stronger players in the S&P 500 holding up the market.
$AMZN, $GOOG and $NVDA doing a lot of the heavy lifting while $MSFT stays steady.
Not good news for those who have been adding stocks outside of the Mega Caps, who are likely struggling and have suffered a difficult earnings season with wild swings.
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The Long Investor
$PLTR just to show that Peter Thiel has increased his position by a change of 58%
Making him the largest shareholder of $PLTR now https://t.co/C2lVVjATEP
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$PLTR just to show that Peter Thiel has increased his position by a change of 58%
Making him the largest shareholder of $PLTR now https://t.co/C2lVVjATEP
$PLTR
When Jeff Bezos bought 1 share of $AMZN in May '23, it was a clear buy signal and the share price jumped 70%
When Peter Thiel added to $PLTR in Q1, this is also a signal.
200 Day MA has been a formidable support line since the start of 2023.
You are either take advantage or move on. tweet
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Brandon Beylo
Rhodium is a key component of Platinum Group Metals (PGMs).
It's down 75% from its 2021 highs. But look at that base breakout.
PGMs are basing and heading higher.
ICE cars aren't dead, and hybrids/hydrogen need more PGMs.
Meanwhile, the miners trade for dirt cheap.
#PGMs https://t.co/DXft2GRqgL
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Rhodium is a key component of Platinum Group Metals (PGMs).
It's down 75% from its 2021 highs. But look at that base breakout.
PGMs are basing and heading higher.
ICE cars aren't dead, and hybrids/hydrogen need more PGMs.
Meanwhile, the miners trade for dirt cheap.
#PGMs https://t.co/DXft2GRqgL
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Brandon Beylo
Peter is one of the trading GOATs.
When he speaks, I listen.
Fortunately, he’s bullish silver :)
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Peter is one of the trading GOATs.
When he speaks, I listen.
Fortunately, he’s bullish silver :)
This (in yellow) is known as an area island. This is a powerful chart signal for high prices. $SLV #SILVER #TheLoneRangerandTonto https://t.co/t5wBieT5vb tweet
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Brandon Beylo
Stanley Druckemiller thinks copper is a pretty simple story.
I obviously agree with him.
Here's the full quote:
"Copper is a pretty simple story. Takes about 12 years, greenfield to produce copper, and you got EVs, the grid, data centers, and believe it or not munitions.
These missiles all got enough copper in them and the world’s getting hot that we just think the supply-demand situation is incredible for the next five or six years."
Ivanhoe Mines CEO @robert_ivanhoe said something very similar in a recent interview (emphasis mine):
"We have two competing tribes. One tribe says 'I want to save the world, I'm green, I need cobalt, nickel, platinum, or palladium'. The other tribe says 'Holy shit, the Army/Navy wants these metals for national defense.'
The intensity of metal demand in conflict is beyond your wildest imagination. In WWI you needed a telescope to see the price of copper." "So we're heading to a world where both tribes have a strong demand for more metals. We're balkanizing the world into two camps, and it's tearing the global supply chains apart."
When two industry GOATs start saying the same thing, it's time to listen.
#copper
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Stanley Druckemiller thinks copper is a pretty simple story.
I obviously agree with him.
Here's the full quote:
"Copper is a pretty simple story. Takes about 12 years, greenfield to produce copper, and you got EVs, the grid, data centers, and believe it or not munitions.
These missiles all got enough copper in them and the world’s getting hot that we just think the supply-demand situation is incredible for the next five or six years."
Ivanhoe Mines CEO @robert_ivanhoe said something very similar in a recent interview (emphasis mine):
"We have two competing tribes. One tribe says 'I want to save the world, I'm green, I need cobalt, nickel, platinum, or palladium'. The other tribe says 'Holy shit, the Army/Navy wants these metals for national defense.'
The intensity of metal demand in conflict is beyond your wildest imagination. In WWI you needed a telescope to see the price of copper." "So we're heading to a world where both tribes have a strong demand for more metals. We're balkanizing the world into two camps, and it's tearing the global supply chains apart."
When two industry GOATs start saying the same thing, it's time to listen.
#copper
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