Ive kept a few positions but really want to focus on what counts - bitcoin, gold and bonds. Those are the big money makers right here, I think.

Keep for even add!

Agreed. I think this move probably fades. I thought the dollar not going down was a "tell" and the bad price action in equities. I think its nose but still, I want to clean up positions and focus on the one where the truly big gains lie.

My other observation would be that not only the moves to the upside and downside are bigger but the reasons for those moves seems to be getting smaller and smaller.

Thanks Raoul - appreciate the feedback!

I dont. I am a dyed in the wool deflationist. Im just giving the other sides argument if Im wrong.

no, both still good.

yup.

No, dont have the bandwidth...

It is a big deal for Truck to own bitcoin. As he said in the interview, he is an old school guy. The very fact that he seems merit in it increases acceptability massively.

He thinks that the end will be near when we see the average person talking about how much money they are making. We are seeing the beginning of that he says but not at 2000 levels. As a moron that was right jn the middle of that in 2000- I remember those days well. And it doesn’t feel we are at that level of excess. U pushed me much farther into the deep end with btc. So thank U in advance !!

In an imperfect world, Microstrategies and Galaxy Digital should work.

Same thoughts as me Raj - I'm long Microstrategy too! What a great interview with Michael Saylor

As I mentioned, all trades are inferior to Bitcoin, which is my largest position by a gigantic amount (70% of liquid NAV) but the bond/ED trade should be scaled in and sized much smaller (maybe 2% to 5% of NAV over time, only getting to 5% once things are start to confirm)

wrong, https://coronavirus.jhu.edu/testing/tracker/map/weekly-change-percent-positive

Around 70% of my liquid NAV.

Harry, David is quoting the option price.

If you watch the MI Monthly video RP answers this question. Yes he does have conviction, although the right way to trade it is probably via options.

Hi Jeroen M. Thank you for not letting me feel alone here. I concur with all the points that you made. Especially the Quad model of HedgeEye is great. It doesn't mean that this particular model makes money but it is such a nice and simplistic way to look at whats going on and take action from it. That's bad they pretend they make so much money, they are geeky quants who found the golden algorithm as they clearly don't and anyway it doesn't exists. As a reminder, Keith was bragging again just before the huge melt up that he was heavily shorting Europe and Dax but I guess I covered everything the same way Raoul did. Amazing this guys. Their jobs are not to trade their signals, it is to sell them. I guess they makes so much money with rolling subscribers that they made it their business plan rather than trading. With regards to RV, I was so sad to see they are going that way. I am a subscriber for one year and half and still have 6 months to go so I have a good overview of whats going. At this point I am not thinking renewing my membership. This is the first time I have seen that trick playing though in such a gross manner while at the same time Raoul became simply a buy all Bitcoin service. I really don't need somebody to tell me to buy bitcoin as this is nothing to do with macroeconomics. It has only to do with the fact that bitcoin as a fixed offer supply and the more people buys it, the more the price goes up, but don't be mistaken by the fact that when people will want to transfer that cash to their bank account that will burst has every other bubbles. I really hope Raoul comes here and read that comment so he understands that he crossed the red line here but actually I think he already knows it. Now you understand why he bring Julian alone and I can only have huge respect for the macroeconomics value that Julien brings to the service, opposite to Raoul's trade which are just some sort of amusement now in my opinion which would be discarded immediately. Once you understand that simple fact, you calm your angriness that you spend 1% if not 10% of your trading account in a service which is telling you to buy BTC, BTC and only BTC. I don't want to get rich and be right all the time. I want to trade macroeconomics events. Here is the point and why I subscribed in the first place.

"HedgeEye with bogus trades recommendation and constant self gratification of the (fake) good job done. " This is so true and in my opinion a business model that front runs its own clients base. Cant imagine this would be allowed in European jurisdiction. Impossible to make the trades they window dress. Terrible experience and financial performance using their platform. Quad model is interesting but this twitter self gratification and recommendations on only non liquid stock with huge spreads is just horrifying. RV should really stop cross promoting that platform, looks bad on them too. But Matthieu, MI is very different although I highlighted the window dressing in numbers before on the these comment sections and direct with RV helpdesk. RV please update with correct prices (non hedgeye methodology), we all endured the same pain so lets reflect correctly in the stats.

My pleasure Matthieu. Maybe it would be better to say that the orders were placed on Friday. We write with the audience in mind but prices can move between writing and publication.

Hi Harry thanks for the reply. Are you saying these were executed Friday?

Matthieu, I'm really sorry. Part of the problem is in the editorial process. Raoul can pen a note, suggesting to close. Then it will go to an editor, and then it will get published on the site. That whole process can easily involve a 24 hour delay. In an ideal world we aim to give recommendations which are medium term in their time horizon, which will reduce the importance of execution risk. But of course, when you have a Monday like last Monday, it doesn't matter whether you are focusing on the medium term, cos the daily move is very big. Of course, thats only part of the problem. Sometimes ideas can go wrong. No one gets 100% of their trades right. Risk management is absolutely critical in making sure that when things go wrong, they do not go too wrong. I know exactly what you have gone through. My Carvana and Tesla shorts did not go as well as I would have hoped. I totally agree with you about the importance of honesty and humility.

Alex C. I am using a ETF to have my rather tiny bitcoin exposure. I really dont know enough to feel comfortable in making recommendations on appropriate vehicles. Does anyone else have a recommendation? I would recommend taking this question to the The Exchange, and seeing if you can find someone who can give you an informed answer.

While we wait for RP to comment, for me I am a little skeptical of the vaccine "news". There are lots of vaccines, but there is a perverse incentive to announce progress because it will provide a bump to stock prices. Requiring 75degrees below 0 will limit the distribution. I think the broader point is that we will come up with technical solutions to Covid. Either ways to treat it, block the transmission, or vaccinate. That will happen. In the meantime yields will be determined by the Fed's willingness to cap yields. They can do it. The question is whether they still have the appetite to do so. Part of that will depend on the performance of the real economy.