(VIDEO). Important Updates: China Downgrade, Housing, Stock Market, More! By Gregory Mannarino

in #money7 years ago

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In the video below, I cover the recent China debt downgrade, (the first time in 30 years), what's happening with housing, the stock market, bonds, more! Enjoy.

Gregory Mannarino
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You are right. The cash should be going back to the homeowners that lost lost it all. Banks get a bailout before the guy that looses his home? Wow. Most folks cannot afford decent homes...something better than a box. China is a sign to the world financial ills. SILVER GOLD CRYPTO CURRENCIES Think outside the box folks. Get out side of the dollar. Don't listen to the mainstreem bullshit. Listen to GREG and other alternative narratives. He does have our backs.

Greg, I still think we are walking into a short correction phase in mid-late June. The near 10% drop that has taken place in the Shanghai index over the last 45 days has sparked a rush into Bitcoin which is quickly becoming a safe-haven. But added to that, this current market condition (with review of the Dow Jones Transport Index) seems to be indicating a sell off coming. It almost appears that this is mirroring the 2015 August crash that took place. I am not suggesting that it will be similar in size or scope, but I think there will be some similarity to 2015.
Time to start hedging. Bitcoin could explode in June to +$3000 USD before a pull back.

I welcome a pull back but I dont think it will last. I see bitcoin going to 10k this year easily

Of all the futures trading I have ever done, straddles have been my most successful tactic for whatever reason. Best of luck with your positions Greg!

This market is simply becoming ridiculous.....why are we even investing in it?

As i see it gold and silver at their current price is free.

I've been wondering the exact same thing... gold/silver definitely seem "cheap" but got to remember to stay diversified.

Hi Greg. Sorry if I ask, but is it possible that you tell us what you think about the mining shares?

Be careful with mining shares, along with the metals there is no real price discovery mechanism behind them.

Mining shares can make you a lot of money. Usually they make you want to call a rape hotline after they violate you.
Be carefull. Lots of homework is necessary.

I would like to know too. I have a Vanguard Mining Mutual Fund. What can you tell me about Mining funds???

Be careful with mining shares, along with the metals there is no real price discovery mechanism behind them.

I most humbly apologize for my ignorance Greg however to the layman like me what is a price discovery mechanism? Should I stay put or get out now?? Thanks in advance for you addressing this.

Price discovery refers to the act of determining the proper price of a security, commodity, or good or service by studying market supply and demand and other factors associated with transactions.

I think he means The Free Market, or, you and I deciding how much to pay for something. Reaching that agreement, by buying or selling at a given price, is the price discovery mechanism, as I understand it. Normally people would look at a company's stats to determine how much to pay for it. Right now, the Stock Market is the only place you can get a yield, because of what the banks have been doing.

been waiting for the crash And reset for seven years now, hard to believe this dog is still hunting.

China will just print more money. What's to stop them?

They really are pushing the inventory narrative hard at the moment, seeing the same headlines over and over again recently.

It's crazy isn't it? Take a look at Zillow.com. The amount of bank owned foreclosed homes is staggering....the blue dots, and then plenty of red dots on the map, which are legitimate homes for sale. Pick any city you wish and scroll in. Too much inventory, prices should be lower.